Main Board IPO

Unlocking True Potential through Main Board IPOs

For enterprises operating at scale with proven business fundamentals and aiming for broader investor visibility, a Main Board IPO on the premier NSE exchange offers the ideal springboard.

Our main board IPO advisory expertise covers:

  • Optimal issue structuring aligned to business maturity, peer comparisons and intrinsic value enhancement potential

  • Regulatory guidance through prospectus drafting, filings, securing requisite approvals from SEBI and exchanges

  • Initiating investor engagement 6-12 months prior through teasers, 1-on-1 meetings, pre-IPO equity allotment

  • Valuations benchmarking analysis guides pricing strategy and determines valuation multiples

  • Wider retail participation ensured through digital issue processes supporting UPI, apps and online payment avenues

  • Allocation balanced across retail, HNIs and anchor investors in line with book built demand

  • End-to-end issue execution support culminating in oversubscribed public listing
FAQ

FAQs on Main Board IPO

  • Company should have net tangible assets of at least Rs 3 crores in each of the preceding 3 full years (or average pre-issue tangible assets of at least Rs 15 crores)
  • Minimum average pre-tax operating profit of Rs 15 crores during the preceding 3 years with no losses
  • Net worth of at least Rs 1 crore in each of the preceding 3 full years

The minimum IPO size is Rs 10 crores for Main Board. Most companies look to raise between Rs 100-1,000 crores through Main Board IPOs.

The entire process from appointment of merchant bankers to listing takes around 6-9 months in most cases. Activities like DRHP filing, roadshows, pricing and issuance may take around 3-4 months.

Main Board IPO valuation depends on financial growth, profitability, industry benchmarks and investor appetite. The IPO is priced through book building process generally around 25-50x PE multiples.