IPO process

The process is divided into 3 phases:

Preparatory phase

• Assess readiness for the IPO
  • Review of the historical Indian GAAP financial statements and accounting policies
  • Identification of potential actions taken/proposed that may impact the IPO process
  • Identification of issues impacting valuation and current group structure
• Determine the optimal structure for 'listco'
  • Review of the business plan and funding requirements
  • Valuation
  • Determination of key value drivers and dilution impact on owners
  • Review of tax and regulatory implications on the structure
• Assess readiness for post IPO requirements
  • Assess Clause 49 readiness and immediate action steps
  • Assess readiness for quarterly and other periodic reporting
• Develop the appropriate action plan
  • Develop a Plan for the IPO with proposed timelines
  • Develop a framework for the overall corporate governance framework and intangible asset valuation

Project management Phase

• Identification of merchant bankers
• Identification of other service providers - legal advisors, secretarial consultants
• Work with merchant bankers/other service providers and project manage the IPO

Post IPO services

• Assist in entity-wide Clause 49 compliance
• Development of processes and formalization of controls over financial reporting, including accounting manuals
• Development of MIS for real time information
• Act as auditors of the listco, if necessary