IPO Handbook
From pre-IPO preparation to post-listing compliance — the complete guide to SME and mainboard IPOs in India.
IPO Landscape in India
Overview of BSE SME, NSE Emerge, and mainboard IPOs. Market trends, subscription data, and why SME IPOs have surged since 2022.
Eligibility Criteria
SEBI eligibility for SME and mainboard IPOs — net worth, profitability track record, minimum allottees, and promoter contribution requirements.
Pre-IPO Preparation
Corporate restructuring, related-party cleanup, auditor appointment, Ind AS conversion, internal controls, and board composition requirements.
DRHP Preparation
Drafting the Draft Red Herring Prospectus — business description, risk factors, financial statements, management discussion, and legal disclosures.
SEBI Filing & Observations
Filing process, SEBI observation letter timeline, responding to observations, common SEBI queries, and obtaining final clearance.
Book Building & Pricing
Price band determination, book building process, anchor investor allocation, basis of allotment, and listing day mechanics.
Post-Listing Compliance (LODR)
Quarterly results, corporate governance norms, board meeting requirements, related-party transaction approvals, and insider trading regulations.
Market Making & Liquidity
Mandatory market making for SME IPOs, market maker obligations, spread requirements, and transition from SME to mainboard.
Case Studies — Successful IPOs
Real examples of SME companies that went public — from pre-IPO financials to listing day performance and post-listing growth trajectory.