IPO Services
The rise in initial public offerings (IPOs) worldwide marks a crucial milestone for companies aiming to achieve financial success. An IPO not only unlocks substantial financial potential and serves as a pivotal step toward realizing growth ambitions but also demands a long-term commitment from all stakeholders and management. A successful IPO hinges on comprehensive planning and meticulous execution to meet compliance requirements while showcasing your business’s value.
IPO Roadmap: We are with you, all the way
Each IPO journey is unique. Supported by cross-functional teams, we offer comprehensive support to navigate this major transition and maximize value for you and your stakeholders at every stage of this transformative journey.
Services
Preparation Stage: Preparing the company for funds raising through Pre-IPO and/or IPO funding
- Advisory on Preparation of projected financials for next 5 years for appropriate valuation from IPO preparation perspective.
- Advisory and review of the company’s valuation based on industry analysis, trading multiples, relevant precedent transaction multiples, dilution & market appetite.
- Advisory on checking the eligibility criteria of IPO and listing of shares on stock exchanges and advising companies on various dimensions of internal preparation for getting ready for a successful IPO and listing on stock exchanges.
- dvisory on preparation of Investors Memorandum which details the current operations and future growth plans of the business for investors including industry overview, company background and business overview, vision and mission, key strengths/USPs, promoters and management profile, competitive landscape, strategic roadmap, historical analysis, financial projections etc.
- Advising on the new guidelines and eligibility criteria notified by stock exchanges and SEBI on various aspects e.g. threshold limits of net worth, profits, free cash flow to equity, capital structure and other norms for listing approval.
- Advisory on the preparation of projected financial statements including projected profit and loss account and balance sheet for the next 5 years for estimated valuation.
- Advisory on preparation of revenue mode, analysis of key revenue drivers, cost model, analysis of capital costs and operating costs, profit and loss analysis and cash flow analysis.
- Advisory on valuation assessment and analysis based on industry analysis, trading multiples, relevant precedent transaction multiples, dilution & market appetite.
- Advisory on preparation of key financial ratios analysis for current as well as projected financials as per the parameters desired by potential investors.
- Advisory preparation of research of competitors and industry players and analysis for comparison and benchmarking with peer companies to arrive at appropriate valuation.
- Advisory preparation of due diligence checklist checked by investors and advising on the due diligence and various types of compliances and corporate governance framework.
- Review of the company’s objects of the IPO, review of proposed utilization of funds to be received in PRE-IPO and IPO as per SEBI guidelines.
- Advisory and Review on structuring the IPO into fresh issue of shares and OFS.
- Advising and assisting in capital structuring of the company for attracting the investments in the company.
- Advising on the Bonus Issue Structure and Ratio of Bonus Issue for capital structuring.
- Advisory preparation on key financial terms checked by investors like PE ratio, ROE, ROCE, Debtors turnover ratio, inventory ratio, Debt/Equity, Gross profit ratio, net profit ratio, EBITDA, PBT, PAT, EPS, project performance evaluation ratios, PEG ratio, etc.
- Advisory and review on identification of any planned capital expenditures (Capex) for infrastructure, technology, or assets. This could include acquisitions etc.
- Advisory and review on the disclosures of internal and external risk factors. Advisory on mitigating the major risks associated with IPO Process.
- Advisory and review the basis of share issue price based on optic value, market value, book value, peer companies share price, lot size, IPO size and valuation.
IPO Execution/ IPO Design and Placement
- Advising on selection and appointment of other intermediaries and filing of the documents with statutory authorities.
- Advising on undertaking due diligence activities and advising on preparing the offer document to be filed with stock exchanges and Registrar of Companies ensuring compliance with stipulated requirements and formalities of all regulatory authorities.
- Advising on conversion from private limited to public limited company.
- Advising on identification, selection and appointment of appropriate peer reviewed statutory auditors.
- Advising on appointment of independent Auditors for various certifications required by independent auditors.
- Advising and coordinating with the statutory auditors for restatements of the financials of the company for the last three (3) years as required under SEBI (ICDR) Regulations and Due Diligence Requirements.
- Advising on identification, selection and appointment of IFRS / IND-AS experts for conversion to IFRS / IND-AS.
- Advising on the appointment of appropriate independent directors of the company.
- Assisting and advising the company in the selection and appointment of intermediaries including but not restricted to legal counsel, company secretary, peer review auditors, Key Management Persons(KMP), merchant banker, registrar to the issue, National Securities Depositories Limited (NSDL), Central Depositories Services Limited (CDSL), Demat of Shares, ISIN No., Bankers to the issue, Escrow Bank Account for receipt of IPO proceeds, advertising agency, printers, underwriters, investors and other relevant intermediaries.
- Advising on selection and identifying the Pre-IPO investors, Anchor investors, AIF funds for IPO.
- Advising on documentation formalities of following documents and agreements.
- Advising on Draft Red Herring Prospectus / Final Red Herring Prospectus.
- Advising and assisting in negotiation of the Underwriting Agreement.
- Advising and assisting in selection and appointment of Merchant Bankers.
- Advising on Agreement with Registrar and Transfer Agent.
- Advising on final decision on the valuation and share price band based on market conditions and feedback.
- Advising and assisting in selection of IPO Escrow Account Banker.
- Advising on getting other miscellaneous certificates from Chartered Accountants, Lawyers and Auditors.
- Advising on Board Resolutions / Shareholder’s Resolutions.
- Assisting in securing necessary regulatory approvals from Stock Exchanges and Registrar of Companies in connection with the Issue.
- Advising on Follow up with Registrar of Companies for approval.
- Identifying the funds raising strategies for IPO.
- Assistance in selecting the appropriate time and dates for the launch of IPO
Advising on Marketing, Selling, Distribution, Underwriting and Funds Raising Strategies.
- Advising on final decision on the valuation and share price band based on market conditions and feedback.
- Advising on undertaking pre-marketing activities, collecting feedback from investors, analyzing such feedback and suggesting an appropriate valuation.
- Advising on preparing the management of the company for road shows including preparation of marketing materials and investors presentations highlighting the key investment themes.
- Advising and assisting the company and its senior management at the investors meetings and road shows.
- Assistance in publishing newspapers ads, public relations, press conference and media.
Ongoing Support Post Listing
- Maintain active investor relations and organize ongoing roadshows.
- Coordinate the management of investor expectations through forecasting and fund utilization.
- Provide transparent external reporting and, at the appropriate time, ad hoc and director dealings disclosures.
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