Services

IPO Advisory —
Your Gateway to
Public Markets

We provide strategic IPO advisory and end-to-end coordination across all stakeholders — from pre-IPO planning through to listing on BSE & NSE, for both Main Board and SME platform companies.

Start Your IPO Journey
Unlock
Capital & Liquidity
Enhance
Brand & Credibility
Attract
Talent & Partners
Accelerate
Growth & Valuation
Why Go Public?

An IPO is the most transformative event in a company's lifecycle

Going public is not just about raising money — it's about permanently elevating your company's status, unlocking liquidity for founders and early investors, and gaining access to India's deep capital markets.

Holy Conseils brings decades of deal-making experience to advise, plan, and coordinate your IPO journey — so your management team stays focused on running the business while we manage the complexity.

Talk to Our IPO Team
01

Permanent Capital

Raise growth capital that never needs to be repaid. Fund expansion, acquisitions, R&D, and working capital at scale.

02

Founder & Investor Liquidity

Provide an exit pathway for promoters and early investors while retaining control and continuing to build the business.

03

Brand Visibility & Credibility

A public listing confers institutional credibility — opening doors with enterprise clients, top talent, and global partners.

04

Currency for Acquisitions

Use your publicly traded stock as a powerful acquisition currency to consolidate your industry at scale.

IPO Platforms

Main Board or SME —
understanding your options

Both platforms require DRHP preparation by a SEBI-registered Merchant Banker. The key differences lie in eligibility, issue size, regulatory requirements, and investor base.

Main Board
BSE & NSE
Large & Mid Cap
Established Companies
Eligibility Criteria
  • Net tangible assets of at least ₹3 Cr. in each of preceding 3 full years
  • Average pre-tax operating profit of ₹15 Cr. in at least 3 of preceding 5 years
  • Net worth of at least ₹1 Cr. in each of preceding 3 full years
  • Aggregate of proposed issue & all previous issues in same financial year ≤ 5× pre-issue net worth
  • No change of name in last 1 year; if changed, ≥50% revenue from new activity in preceding 1 year
Key Features
  • Minimum issue size: ₹10 Cr. (effectively much higher in practice)
  • QIB, HNI, and Retail investor categories
  • Anchor investor allocation up to 60% of QIB portion
  • DRHP filed with and approved by SEBI before opening
  • Minimum 3 years of audited financials required
SME Platform
BSE SME & NSE Emerge
Small & Medium
Growing Businesses
Eligibility Criteria
  • Post-issue paid-up capital not exceeding ₹25 Cr. (BSE SME) / ₹10–25 Cr. range (NSE Emerge)
  • Net worth (excluding revaluation reserves) of at least ₹1 Cr. as per latest audited balance sheet
  • Net tangible assets of at least ₹1.5 Cr. as per latest audited balance sheet
  • Track record of distributable profits in at least 2 of preceding 3 financial years (or positive net worth)
  • Company must be incorporated for at least 3 years; no winding-up petition or regulatory action pending
Key Features
  • Minimum issue size: ₹1 Cr.; maximum post-issue capital ₹25 Cr.
  • DRHP prepared by SEBI-registered Merchant Banker & filed with stock exchange (not SEBI directly)
  • Market maker mandatory for 3 years post-listing for liquidity support
  • QIB, HNI, and Retail investor categories (same as Main Board)
  • Migration to Main Board possible after 3 years & meeting the exchange's migration criteria
Our Coordination Process

How we guide your IPO —
phase by phase

A successful IPO demands seamless coordination across legal, financial, regulatory, and investor fronts simultaneously. This is exactly where Holy Conseils creates the most value.

Phase I

Pre-IPO Planning & Readiness

Step 01

IPO Readiness Assessment

We conduct a thorough advisory review of your financials, governance, legal standing, and market positioning — identifying gaps and building a clear roadmap to listing readiness.

Step 02

Structuring & Governance Advisory

Advising on necessary structural changes — subsidiary restructuring, related-party transactions, promoter holdings, and ESOP frameworks — to meet regulatory and exchange requirements.

Step 03

Platform Selection

Based on your company's financials, growth stage, and strategic goals, we advise on the right listing platform — Main Board (BSE/NSE) or SME (BSE SME / NSE Emerge) — and the optimal timing.

Phase II

Assembling the Right Team

Step 04

Merchant Banker (BRLM) Identification

We leverage our deep network to identify and facilitate the appointment of the most suitable SEBI-registered Merchant Banker for your company — one with the right sector expertise and investor relationships.

Step 05

Intermediary Coordination

We coordinate the appointment and onboarding of all required IPO intermediaries — registrar & transfer agent, legal counsels, statutory auditors, bankers to the issue, and market maker (for SME).

Step 06

Liaising with BRLM on DRHP

While the Merchant Banker prepares and files the DRHP, we coordinate between your management team and the BRLM — ensuring timely information flow, management inputs, and swift resolution of queries.

Phase III

Investor Relations & Road Show Strategy

Step 07

Valuation Benchmarking

We provide independent valuation benchmarking using comparable listed companies, precedent transactions, and DCF analysis — helping you and the BRLM arrive at a price band that maximises proceeds while supporting a strong listing.

Step 08

Investor Outreach & Introductions

We leverage our network of institutional investors, mutual funds, family offices, HNIs, and anchor investors to generate early interest and introductions — supporting the BRLM's book-building efforts.

Step 09

Road Show Planning & Support

We help plan and coordinate the investor road show schedule — preparing management for investor Q&A, crafting a compelling equity story, and ensuring the right investors are in the room at every meeting.

Phase IV

Issue Coordination & Post-Listing

Step 10

Subscription Monitoring & Support

We work closely with the BRLM and registrar during the subscription window — monitoring real-time subscription levels and coordinating targeted investor outreach to support strong subscription across all categories.

Step 11

Exchange & Regulatory Coordination

We coordinate with the BRLM on all stock exchange and SEBI compliance milestones — ensuring no bottlenecks in regulatory approvals, listing formalities, and documentation timelines.

Step 12

Post-Listing Advisory

After listing day, we continue as your strategic advisor — supporting investor relations strategy, analyst communication, and ongoing compliance coordination.

Why Holy Conseils

What makes us the right advisor
for your IPO

Truly End-to-End Coordination

From the first readiness conversation through post-listing advisory, we stay with you for the entire journey — managing every stakeholder, every deadline, every decision.

Deep Investor Network

Our relationships with institutional investors, HNIs, family offices, and 100+ investment banks ensure your issue gets the right attention and the right capital behind it.

Right BRLM, First Time

Choosing the wrong Merchant Banker is one of the most costly IPO mistakes. We help you identify and appoint the BRLM that best fits your sector, size, and investor targets.

Proven M&A Pedigree

With ₹1500 Cr.+ in transactions advised, our team brings the financial structuring rigour of seasoned M&A advisors to every IPO mandate — strengthening your equity story.

Promoter-First Approach

We protect promoter interests at every step — shareholding structure, lock-in planning, valuation benchmarking — ensuring you list on terms that truly work for you.

Both Platforms, One Team

Whether you are targeting the Main Board or the SME platform, we have the experience and network to guide you on the right path — and support migration to Main Board when the time comes.

Are You Ready?

Signs your company is
IPO-ready

The best IPOs are built on thorough preparation. If most of the following apply to your business, it's time to start the conversation — even if listing is 2–3 years away.

Get an IPO Readiness Assessment
  • 3+ years of audited financials with consistent revenue growth and a clear path to profitability (or existing profitability)
  • Strong corporate governance — board composition, audit committee, independent directors, and clean related-party transaction history
  • A scalable business model with a clear use of IPO proceeds that creates measurable shareholder value
  • A compelling equity story — differentiated market position, defensible moat, and a management team with a track record investors can back
  • Promoter and management bandwidth to commit 12–18 months to the IPO process without disrupting day-to-day operations
  • Net worth and issue size meeting SEBI ICDR eligibility criteria for the target listing platform (Main Board or SME)
Our Role — What We Do

As IPO Advisors, Holy Conseils plays a strategic and coordination role — distinct from a SEBI-registered Merchant Banker. We do not conduct due diligence, prepare the DRHP, or manage subscription of the issue, as these are regulated activities reserved exclusively for SEBI-registered Merchant Bankers (Book Running Lead Managers). What we do is equally critical: we guide you through every decision, coordinate seamlessly with your Merchant Banker and all intermediaries, and ensure your company is positioned to achieve the best possible outcome at every stage of the IPO journey.

Holy Conseils Does
  • Strategic IPO planning & readiness advisory
  • Identifying and appointing the right Merchant Banker (BRLM)
  • Coordinating with BRLM, registrar, legal counsels & auditors
  • Investor relations strategy & road show planning
  • Connecting with institutional investors, HNIs & anchor investors
  • Pre-IPO restructuring guidance & corporate governance advice
  • Valuation benchmarking & pricing strategy inputs
  • Post-listing investor relations & compliance coordination
Merchant Banker (BRLM) Does
  • Due diligence on company financials & operations
  • Preparation & filing of DRHP / RHP with SEBI
  • Responding to SEBI observations & obtaining approval
  • Managing public issue subscription & allotment
  • Book building & price discovery process
  • Stock exchange listing formalities & compliance
  • Post-issue statutory reporting to SEBI & exchanges
Note: Holy Conseils coordinates with and facilitates appointment of SEBI-registered Merchant Bankers for all regulated activities.
Take the First Step

Your company's listing day starts with a single conversation.

Whether you are 6 months or 3 years away from an IPO, the best time to start planning is now. Reach out for a confidential, no-obligation IPO readiness discussion.

Schedule a Confidential Call Meet Our Advisory Team

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