Harun Raaj & AssociatesHarun Raaj & Associates
Capital MarketsHRA / IPO-ADVISORY / FY 2026-27

IPO Advisory

Readiness, DRHP, LODR & SME IPO

IPO readiness, DRHP support, SEBI ICDR and LODR compliance, SME IPO advisory, pre-IPO restructuring, and post-listing support.

This hub is for companies preparing for a public issue or managing life after listing. It ties readiness, documentation, and ongoing exchange compliance into a single advisory path.

Talk to a CABrowse all services
Focus Areas

What this hub covers

IPO readiness assessment and gap closureDRHP preparation and SEBI filing supportSME IPO and main board IPO planningPre-IPO restructuring and ESOP/cap table cleanupPost-listing LODR and secretarial compliance
Statutory Anchors
SEBI (ICDR) Regulations 2018SEBI (LODR) Regulations 2015Companies Act 2013 Sections 23-42SEBI LODR Regulation 17-27SEBI (PMS) Regulations 2020SEBI (AIF) Regulations 2012SME IPO Chapter IX ICDR
Lifecycle Map

Typical engagement flow

Assess Readiness

Review governance, financials, and listing fit before spending on the DRHP process.

Restructure

Clean up cap table, ESOP, and corporate records before the issue document is drafted.

File DRHP

Prepare the offer document and supporting disclosure package for SEBI and exchange review.

Post-List

Keep LODR, board, audit, and investor reporting aligned after the issue closes.

Services

Related services in this lifecycle

01

IPO Readiness

Readiness

IPO gap analysis, governance cleanup, and listing preparedness review.

02

DRHP Filing Support

DRHP

Draft offer document support and filing coordination for SEBI review.

03

IPO Listing Process

Listing

Exchange coordination and issue closing support through listing.

04

SME IPO

SME IPO

SME platform issue support for growth-stage companies seeking public capital.

05

Pre-IPO Restructuring

Pre-IPO

ESOP, capital, and legal structure cleanup before the public issue.

06

SEBI LODR Advisory

LODR

Listed-company compliance under the SEBI Listing Obligations framework.

07

SEBI LODR Compliance

LODR Compliance

Quarterly and annual filing support for listed companies under LODR.

08

Secretarial Audit

Secretarial Audit

Section 204 style secretarial audit support for listed and large public companies.

09

Cap Table Management

Cap Table

Pre-issue cap table clean-up and post-issue dilution tracking.

10

ESOP Management

ESOP

ESOP plan cleanup, exercise support, and pre-IPO vesting analysis.

FAQs

Common questions

What is an IPO readiness assessment?

Under the SEBI (ICDR) Regulations 2018 and the Companies Act 2013, an IPO readiness assessment checks whether the company’s governance, financials, and records can sustain a public issue.

What ongoing compliances do listed companies face?

Listed companies must comply with the SEBI (LODR) Regulations 2015, including the governance and reporting obligations in Regulations 17-27.

How is an SME IPO different from a main board IPO?

SME IPOs are routed through the SME chapter of the SEBI (ICDR) Regulations 2018, while main board issues follow the broader ICDR and exchange listing framework.

What happens to ESOPs before listing?

Pre-IPO ESOP treatment is usually reviewed alongside the Companies Act 2013, the offer document, and the SEBI ICDR disclosure framework.

What does the quarterly LODR calendar cover?

Under the SEBI (LODR) Regulations 2015, the quarterly calendar includes board, shareholding, audit committee, and financial disclosure items as applicable.

Need the right filing or advisory path?

We can map the facts, confirm the statutory route, and move from draft to execution without the usual back-and-forth.

Talk to a CABack to Services