Five Phases. Zero Surprises.

We run the listing as one managed programme with clear owners and timelines. Here is exactly what happens, phase by phase — from appointing intermediaries to life as a listed company.

Advisory team presenting an IPO plan
01
Weeks 1–8

Pre-IPO Preparation

Intermediaries appointed, due diligence, restructuring and DRHP drafting.

  • Appointment of intermediaries
  • Due diligence & document collection
  • Corporate restructuring if needed
  • Drafting the DRHP
  • Internal and board approvals
02
Weeks 8–16

Regulatory Approvals

Exchange & SEBI filings, query responses, in-principle approval, RHP.

  • Filing with the Stock Exchange & SEBI
  • Responding to queries and observations
  • In-principle approval
  • RHP filing with the ROC
03
Weeks 16–20

Marketing & Issue Opening

Roadshows, public advertisements, price band and lot size, issue opens.

  • Roadshows & investor meetings
  • Public advertisements
  • Price band & lot size finalisation
  • Issue opens for subscription
04
T+3 days

Allotment & Listing

Basis of allotment, refunds, credit of shares, trading commences.

  • Basis of allotment
  • Refunds & credit of shares
  • Listing and trading approval
  • Trading commencement
05
Ongoing

Post-Listing Compliance

SEBI LODR disclosures, governance, secretarial audit, Main Board migration.

  • Continuous disclosures under SEBI LODR
  • Corporate governance norms
  • Secretarial audit & ROC filings
  • Migration to Main Board when eligible

Timelines are typical and depend on how IPO-ready the company is at the start. Listing takes place within three working days of the issue closing (T+3).

Key regulatory references

The framework we work within

SEBI (ICDR) Regulations, 2018 — Chapter IX

Initial public offer by small and medium enterprises: eligibility, minimum application size, promoter contribution, lock-in and disclosures.

SEBI (LODR) Regulations, 2015

Continuous disclosure and corporate-governance obligations once listed.

NSE Emerge & BSE SME Listing Guidelines

Exchange-specific eligibility, documentation, market-making and migration norms.

Companies Act, 2013

Prospectus provisions, share capital, board and committee requirements, and filings with the ROC.

SEBI (PIT) and (SAST) Regulations

Insider-trading controls and takeover obligations that apply from listing day.

SEBI circulars

Norms change. Every engagement is checked against the circulars in force on the filing date.

Contact us

Let's Talk About Your Listing

Tell us about your company and we'll come back with an honest view and next steps.

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