Taking your company public is the most demanding financial exercise a business ever undertakes. Between SEBI regulations, restated financials, due diligence and merchant banker coordination, the IPO journey tests every part of your finance function. Expert IPO advisory India support makes the difference between a smooth listing and a stalled one.
Karwa & Associates provides IPO advisory India services, guiding companies from IPO readiness to listing day on both the SME platforms and the Mainboard of NSE and BSE. As chartered accountants, we speak the language of regulators, bankers and investors, and we keep your IPO timeline on track.
IPO advisory India: our services
- IPO readiness assessment: a gap analysis of your financials, controls, corporate structure and compliance against listing requirements.
- Restated financial statements: preparation and certification of restated financials as per SEBI ICDR requirements.
- Due diligence support: working alongside merchant bankers and legal counsel through financial and tax due diligence.
- DRHP and prospectus support: financial information, risk factors and management discussion inputs for the offer document.
- Pre-IPO structuring: cleaning up group structures, related-party transactions and capital structure before filing.
- Post-listing compliance: quarterly reporting, corporate governance and continuous disclosure support after listing.
SME platform or Mainboard: which fits your company
The SME platforms (NSE Emerge, BSE SME) suit profitable growing companies seeking growth capital with lighter compliance, while the Mainboard suits larger companies ready for institutional investors and full SEBI compliance. We assess your size, profitability and ambitions honestly and recommend the right route, including whether you are IPO-ready at all right now.
Our IPO process
- Readiness review: we examine three years of financials, controls and compliance to map the gaps.
- Gap closure: restatements, control improvements and structuring fixes, typically over several months.
- Filing support: coordination with merchant bankers through DRHP filing and SEBI observations.
- Listing and beyond: support through the issue, listing day formalities and post-listing compliance.
Why choose us as your IPO advisor
- CA-led advisory: financial credibility that bankers and regulators respect.
- End-to-end ownership: one team from readiness to post-listing, not a handoff chain.
- Jaipur-based, nationally active: senior partner attention at a fraction of metro advisory costs.
- Honest readiness calls: if the timing is wrong, we say so and build a roadmap instead.
Frequently asked questions
How long does an IPO take from start to listing?
For a prepared company, roughly 9 to 15 months including readiness work. Companies starting from scratch on compliance should budget longer. We give you a realistic timeline after the readiness assessment.
What are the basic eligibility conditions for an SME IPO?
SEBI sets criteria around operating history, profitability or net worth, and paid-up capital, which differ between SME and Mainboard. We check your eligibility against the current regulations in our first review.
What does an IPO cost?
Costs include merchant banker fees, legal, audit and restatement, marketing and regulatory fees. We help you budget the full journey so there are no surprises.
What is the CA’s role in an IPO versus the merchant banker?
The merchant banker leads the issue; we make your financials issue-ready through restatements, controls and compliance, and we stay involved through listing and after.
Thinking of going public? Start with an honest readiness assessment from our IPO advisory India team. Call 0141-2603671-72 or reach us through the contact page.