Cap Table Management.
Your cap table is the record of who owns what on a fully diluted basis, including option pools and convertible instruments. We keep it reconciled with your statutory registers, Registrar filings and depository records, and model each round before it closes, so founders, investors and auditors work from the same numbers.
Typically 1–2 weeks for the initial reconciliation, depending on how many rounds and transfers need tracing; round modelling and updates then run alongside each financing.
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?
- Start-ups raising successive rounds with CCPS, CCDs, convertible notes and ESOPs.
- Companies preparing for due diligence, where the cap table must tie back to filings.
- Companies with foreign investors, where shareholding feeds FEMA reporting and sectoral limits.
What you receive at the end.
- 01Reconciled fully diluted cap table
- 02Round model (pre- and post-money) for each financing
- 03Updated statutory registers
- 04Discrepancy and rectification note, where needed
- 05Cap table summary for the board and investors
Cap Table Management, step by step.
Typically 1–2 weeks for the initial reconciliation, depending on how many rounds and transfers need tracing; round modelling and updates then run alongside each financing.
- 1
Baseline reconciliation
We rebuild the cap table from the register of members, allotment filings, transfer records and depository statements, and resolve differences.
- 2
Fully diluted view
We add the ESOP pool, outstanding options and convertible instruments with their conversion terms.
- 3
Round modelling
Before each round we model pre- and post-money ownership, pool top-ups, anti-dilution effects and conversion of notes or preference shares.
- 4
Post-round update
After allotment we update the cap table, registers and share certificates or demat records, and confirm the return of allotment and any FEMA reporting.
- 5
Periodic reporting
We provide cap table summaries for board meetings, investor reports and the annual return.
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.
- Register of members and register of employee stock options
- Allotment and transfer documents and return of allotment filings
- Shareholders' agreements and terms of CCPS, CCDs or convertible notes
- ESOP scheme and grant records
- Depository statements, if securities are dematerialised
- FEMA filings for foreign investment
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 Cap Table Management.
Ready to discuss Cap Table Management?
30-minute confidential call — no proposal, no commitment. A partner will write back within one business day.