Hands turning the page of a thick tabbed prospectus volume on a polished boardroom table
IPO Advisory

The offer document,
drafted to withstand scrutiny.

End-to-end drafting and review of the Draft Red Herring Prospectus and Red Herring Prospectus — coordinated with merchant bankers, legal counsel and the exchanges.

The DRHP is the single most scrutinised document in the entire IPO process. Every claim must be substantiated, every risk disclosed, every number reconciled. We treat its preparation with the rigour that scrutiny demands.

Drafting & coordination.

We lead the preparation of the offer document — the business overview, the risk factors, the management discussion and analysis, the use-of-proceeds narrative and the financial disclosures — working in close coordination with the book-running lead managers and legal counsel. Our role is to ensure the issuer's story is told accurately and compellingly, while every disclosure obligation is fully met.

Review & defence.

Beyond drafting, we stress-test the document against SEBI's expectations and the likely lines of regulatory questioning. We help the company prepare for and respond to SEBI observations, and we manage the transition from DRHP to RHP as pricing and final terms are determined.

The result is an offer document that moves through the regulatory process with minimal friction and stands as a credible, durable record post-listing.

What you receive

Key deliverables.

Concrete, documented outputs you can rely on — not slideware. Each engagement is scoped to your situation, but these are the core deliverables this service produces.

01

DRHP drafting

Business, risk factors, MD&A, proceeds and financial sections, fully drafted.

02

Disclosure compliance

Every ICDR disclosure obligation identified and met.

03

SEBI response support

Preparing and managing responses to regulatory observations.

04

RHP transition

Updating to the Red Herring Prospectus as final terms are set.

How we work

The approach.

A structured, partner-led process designed to surface issues early and deliver outputs that withstand the scrutiny of underwriters, investors and the regulator.

01

Information assembly

Gathering and verifying every input the offer document requires.

02

Drafting

Preparing each section in coordination with lead managers and legal counsel.

03

Review & stress-test

Testing the draft against ICDR norms and likely SEBI questions.

04

Filing to RHP

Managing SEBI observations and the transition to the final RHP.

Related services

Often paired with.

This service rarely stands alone. These complementary engagements are frequently delivered alongside it as part of a single, integrated mandate.

Ready to discuss
your ipo needs?

Book a confidential consultation. We'll review your situation, explain how our services can support your objectives, and outline a clear path forward — with no obligation.