A valuation is only as good as its ability to withstand challenge — from merchant bankers, anchor investors and the regulator. We build valuations that are rigorous, well-documented and genuinely independent of the deal's commission incentives.
Methodology & rigour.
We apply the full toolkit — discounted cash flow, comparable company analysis and precedent transaction analysis — and triangulate across them rather than relying on any single approach. Every assumption is documented and stress-tested, so the valuation can be defended line by line when it matters most.
Purpose-built valuations.
Different purposes demand different rigour. We prepare valuations for IPO pricing and price-band determination, fairness opinions for boards, ESOP grant pricing, M&A consideration, and the registered-valuer requirements under the Companies Act and Income Tax Act.
Because we don't underwrite the issue, our valuation reflects what the business is genuinely worth — not what a placement memorandum would prefer it to be.
