IPO Readiness Assessment.
An IPO readiness assessment tells you how far your company is from being able to list, and what must change first. We test eligibility under SEBI's ICDR Regulations for the main board or an SME platform, review financial reporting, governance, group structure and compliance, and give you a gap report with a prioritised roadmap to your target filing date.
Typically 4–6 weeks, depending on the number of group entities and how quickly records are made available.
A partner — a chartered accountant or company secretary — from the first call to sign-off.
Based on your situation, and fixed in writing before any work starts.
Is this for you?
- Companies considering an IPO in the next one to three years
- Boards choosing between a main-board and an SME listing
- Promoters and investors assessing the time and effort needed to list
What you receive at the end.
- 01Eligibility analysis for the main board and SME platform
- 02Gap analysis across finance, governance, structure and compliance, rated by severity
- 03Prioritised roadmap with owners and milestones to filing
- 04Board presentation of findings
IPO Readiness Assessment, step by step.
Typically 4–6 weeks, depending on the number of group entities and how quickly records are made available.
- 1
Eligibility test
We test the main-board criteria (net tangible assets, operating profit and net worth on a restated consolidated basis) or the QIB route, and the SME criteria on paid-up capital and operating profit.
- 2
Financial reporting review
We assess accounting policies, Ind AS readiness, the auditor's peer-review status, consolidation, related-party transactions and the work needed for restated financial information.
- 3
Governance and structure
We review board and committee composition against LODR, key managerial personnel, group structure, outstanding convertibles, ESOPs and demat status of shareholdings.
- 4
Compliance check
We review Companies Act, FEMA and tax compliance, licences and litigation that would need disclosure in the offer document.
- 5
Gap report and roadmap
We rate each gap by severity, estimate the effort to close it and sequence the fixes into a roadmap to the filing date.
What we need from you.
Don't have everything yet? We send a short checklist after the first call and work with what you have.
- Audited standalone and consolidated financial statements for at least the last three years
- Group structure, shareholding and cap table, including ESOPs and convertibles
- Board, committee and shareholder minutes and statutory registers
- Details of directors, key managerial personnel and the promoter group
- List of litigation, regulatory notices and key licences
- Material contracts and related-party transactions
The fee depends on your situation. After a short call, the partner who will do the work tells you what's involved and gives you a fixed fee in writing — before any work begins.
- Government fees and statutory charges are billed at actuals.
- When you pay — upfront, in stages or on completion — is agreed in writing with the fee.
Questions about IPO Readiness Assessment.
Ready to discuss IPO Readiness Assessment?
30-minute confidential call — no proposal, no commitment. A partner will write back within one business day.