How we hold
ourselves to it.

Our regulatory standing

Bharat IPO is an independent professional advisory firm based in Mumbai, India. We provide IPO readiness, pre-IPO advisory, DRHP and RHP preparation support, due diligence, valuation, restructuring and corporate governance services to companies and their promoters.

We are not registered with SEBI as a merchant banker, investment adviser, research analyst, portfolio manager or any other intermediary, and we do not hold ourselves out as one. We do not undertake activities that Indian securities law reserves for a registered intermediary — including acting as book running lead manager, underwriting an issue, or providing investment advice to investors for consideration.

Where a mandate requires a registered intermediary, the client appoints that firm directly. We then work alongside them, within our defined advisory scope, and we say clearly which work is ours and which is theirs.

Professional qualification

Our work is led by qualified professionals, including chartered accountants, and is delivered subject to the professional and ethical standards of their respective institutes. Where a deliverable requires certification by a professional holding a specific statutory qualification or registration — for example a registered valuer, a practising company secretary or a statutory auditor — that certification is issued by the appropriately qualified professional, not by the firm generally.

Scope of what we do — and do not do

To avoid any ambiguity about our role on a transaction:

• We do not manage or underwrite public issues, and we do not act as a book running lead manager.
• We do not provide investment advice or recommendations to investors, and we do not deal or trade in securities on behalf of clients.
• We do not solicit, receive or hold client funds or securities for investment purposes.
• We do not guarantee regulatory approval, subscription levels, valuation, pricing or listing outcomes.
• We do not accept mandates on a success-fee basis contingent on securing regulatory approval, and we do not offer or accept any inducement in connection with an approval.

Independence and conflicts of interest

Before accepting any mandate we run a documented conflict check against our existing and recent client base. Where a conflict or potential conflict exists, we either decline the mandate or, if it can be properly managed, disclose it in writing and proceed only with the informed written consent of every affected client.

Our advice is not influenced by referral arrangements. Where we introduce a client to another professional firm — merchant bankers, legal counsel, registrars, auditors — the introduction is made on merit and on the client's instructions. Any referral fee or commercial arrangement that could affect our independence is disclosed to the client in writing before the introduction is acted on.

Our fees are agreed in advance in the engagement letter and are not linked to the price, size or subscription level of an issue.

Price-sensitive information and insider trading

Much of what we see during a mandate is unpublished price-sensitive information within the meaning of the SEBI (Prohibition of Insider Trading) Regulations, 2015. We treat it accordingly.

We maintain internal controls to restrict such information to those who need it for the mandate, maintain records of who has been given access where required, and prohibit our partners, employees and contractors from dealing in the securities of a client or prospective client, or communicating such information to anyone outside the engagement team, while they hold it. These obligations continue after the mandate and after a person leaves the firm.

Confidentiality

Client information is confidential from the first conversation, whether or not an engagement follows and whether or not a non-disclosure agreement has been signed. We are willing to sign a client's own NDA before substantive discussions begin.

We do not name clients, disclose transaction details, or use engagement material in marketing or thought leadership without prior written permission. Where we discuss experience publicly, it is anonymised and generalised.

Anti-bribery and anti-money-laundering

We do not offer, promise, give, solicit or accept any bribe, facilitation payment or improper advantage — to or from any public official, regulator, exchange official, intermediary or private party — in connection with any mandate. Any attempt to induce us to do so ends the engagement.

We carry out client acceptance and identification procedures proportionate to the engagement, including verification of identity, ownership and source of funds where appropriate. We decline or discontinue mandates where we are not satisfied on these points, and we report where the law requires us to.

Quality and documentation

Deliverables are partner-reviewed before release. Our conclusions rest on documented evidence and stated assumptions, and we set out the basis, scope and limitations of every substantive deliverable — including what we did not examine. Where a client instructs us to proceed on a basis we consider unsound, we record our reservation in writing.

We retain engagement records for eight years from the close of the mandate, or longer where a regulatory proceeding, dispute or statutory obligation requires it. See our Privacy Policy for how personal data within those records is handled.

Advertising and solicitation

This website is intended as information about our practice, not as a solicitation of work in breach of any professional advertising restriction applicable to the qualified professionals within the firm. No content here should be construed as an invitation to create an advisor–client relationship. Where professional guidelines restrict a form of communication, we follow the guideline.

Grievance redressal

If you are dissatisfied with any aspect of our service, conduct or a deliverable, write to hello@bharatipo.in marked for the Grievance Officer, setting out the issue and the outcome you are seeking.

We acknowledge complaints within three business days and complete our review within thirty days. The review is conducted by a partner not involved in the matter complained of. You will receive a written outcome, and nothing in this process limits any right you have to pursue a remedy before a regulator or a court.

How to contact us

Questions, requests or complaints relating to compliance, conduct or a complaint should be addressed to Bharat IPO at hello@bharatipo.in, or by post to our office in Mumbai, Maharashtra, India. Please mark your communication for the attention of the Grievance Officer and include enough detail for us to identify you and the matter concerned.

We acknowledge every substantive communication within three business days and aim to resolve it within thirty days. Where a matter requires longer — for example because it involves third parties or archived records — we will tell you why and give you a revised timeline.