IPO and Equity Fund Raising, From First Listing to Follow-On Capital
IPO Advisory (SME & Main Board)
SME IPO
Your company may be closer to a stock exchange listing than you think. An SME IPO raises growth capital from the public, gives your shares a market value and lifts your standing with customers and lenders. It suits profitable, growing companies ready for more disclosure and governance. We check your readiness, put financials and compliance in order, shape the equity story, and coordinate the merchant banker and other intermediaries through to listing day.
Main Board IPO
A Main Board listing is decided by the two years of preparation before it, not the two weeks of the offer. We advise larger companies on readiness, capital structure, issue size, governance and the financial narrative institutional investors will test. We help you select the issue team and stay with you from preparation to listing. It suits established companies with scale, a profit track record and promoters ready for public scrutiny.
Further Equity Fund Raising
Follow-on Public Offer (FPO)
You are already listed. The next phase of growth needs more equity than internal accruals can provide. A follow-on public offer raises fresh capital from the public market to fund expansion or reduce debt. We weigh an FPO against a QIP, a rights issue or a preferential allotment, advise on size and timing, and coordinate with the merchant banker.
Qualified Institutional Placement (QIP)
Institutional investors can fund a listed company faster than a public offer can. A qualified institutional placement issues shares to qualified institutional buyers, with a shorter process than a public issue. It suits listed companies with a clear use of funds and a story institutions will back. We test appetite, sharpen the equity story, and advise on pricing and dilution alongside the merchant banker.
Rights Issue
The investors most likely to back your next phase already own your shares. A rights issue offers new shares to existing shareholders in proportion to what they hold, usually at a discount to the market price. Shareholders who take up their rights keep their percentage, and promoters can subscribe to hold or raise their own stake. It suits companies that want fresh equity for expansion or debt reduction without bringing in a new investor. We advise on issue size, pricing and the rights ratio, plan for any unsubscribed portion, and coordinate the intermediaries through to allotment.
Preference Shares
You want capital that sits between debt and equity, with returns defined in advance. Preference shares carry a fixed dividend and priority over equity, and can be redeemable or convertible depending on what the company and investor need. It suits companies that want funding with limited dilution of control. We design the terms, find the investors and support documentation and compliance.