The Bombay Stock Exchange tower on Dalal Street, Mumbai, photographed from the plaza on a clear morning
IPO Advisory

Strategy and execution for
both ends of the market.

End-to-end consultancy for Mainboard listings on NSE and BSE, and SME listings on NSE Emerge and BSE SME — from the first board conversation to the closing bell on listing day.

Whether you're a ₹40 crore SME issuer or a ₹2,000 crore Mainboard candidate, the path to a successful listing demands the same disciplines applied at very different scales. We've built the capability for both — and the judgement to know what each one requires.

Mainboard listings.

A Mainboard IPO on NSE or BSE is a fully book-built offering subject to the complete weight of SEBI's ICDR Regulations — minimum net tangible assets, profitability track record, minimum offer size and rigorous disclosure standards. We advise on issue structuring, the fresh-issue versus offer-for-sale mix, anchor investor strategy, price band determination and the roadshow narrative that anchors institutional demand.

Our role is to coordinate the entire ecosystem — merchant bankers, legal counsel, registrars, auditors and the exchanges — so the issuer's interests stay at the centre of every decision through the months of preparation.

SME listings.

The SME platforms — NSE Emerge and BSE SME — are designed for smaller, high-growth issuers with a lighter compliance load but their own distinct disciplines around minimum application size, market-making obligations and migration criteria. This is the single largest segment of our practice.

We help SME issuers determine whether the SME route or a direct Mainboard listing is the better fit, prepare for the higher scrutiny that accompanies smaller floats, and plan the eventual migration to the Mainboard once the company crosses the relevant thresholds.

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

Issue structuring

Fresh issue vs OFS mix, issue size, dilution and use-of-proceeds strategy.

02

Platform selection

Mainboard vs SME — matched to your size, ambition and readiness.

03

Syndicate coordination

Merchant bankers, legal counsel, registrars and auditors, managed end-to-end.

04

Listing-day execution

Anchor allocation, price band, roadshow narrative and book management.

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

Suitability assessment

We determine whether Mainboard or SME is the right platform, and whether the timing aligns with your financials and market conditions.

02

Issue architecture

Structuring the offering — size, mix, dilution and proceeds — to balance promoter objectives with investor appetite.

03

Syndicate assembly

Selecting and coordinating merchant bankers, legal counsel and other intermediaries on the issuer's terms.

04

Execution & listing

Managing the book-build, anchor process, roadshow and the listing-day mechanics through to the first trade.

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.