Architecting India's Next
Public Market Leaders
Glocal Consultants bridges ambitious enterprises with institutional capital. From pre-IPO structuring and valuation optimization to live market data, Grey Market Premium (GMP) intelligence, and SEBI compliance.
Institutional IPO Advisory for Promoters
We act as the promoter's exclusive strategic partner—optimizing valuation multiples, navigating statutory due diligence, structuring DRHP filings, and managing institutional investor roadshows.
SME IPO Advisory
End-to-end guidance for high-growth mid-market enterprises looking to raise ₹15 Cr to ₹80 Cr on NSE Emerge or BSE SME platforms.
- ✓ Corporate Restructuring & Capital Clean-up
- ✓ Peer Multiple Benchmarking & Valuation Model
- ✓ 100% Underwriting & Market Maker Tie-up
Mainboard IPO Advisory
Complete institutional advisory for established enterprises targeting ₹100 Cr to ₹2,500+ Cr capital raises on BSE and NSE.
- ✓ SEBI Direct Observation & Review Liaison
- ✓ Anchor Investor Placement & QIB Syndication
- ✓ Book Running Lead Manager (BRLM) Selection
Pre-IPO Funding & Structuring
Bridge equity syndication from prominent family offices, HNIs, and alternative investment funds (AIFs) prior to public DRHP filing.
- ✓ Valuation Discovery & Investor Memorandum
- ✓ Minimum Dilution Structuring
- ✓ Term Sheet Negotiation & Closing Support
IPO Readiness & Forensic Audit
A 14-day rigorous diagnostic assessing restated financials, related-party transactions, secretarial hygiene, and SEBI compliance gaps.
- ✓ 3-Year Restated Financial Forensics
- ✓ Board Composition & Committee Structuring
- ✓ Pre-Filing Red Flag Remediation Report
FPO & Rights Issues
Follow-on public offerings and rights issue structuring for already-listed companies seeking growth capital or promoter debt retirement.
- ✓ Secondary Issue Pricing & Discount Models
- ✓ Renounceable Rights Entitlement Trading
- ✓ Fast-Track Approval Routing
Post-Listing Governance & IR
Safeguarding company market capitalization post-listing through quarterly earnings calls, analyst meets, and SEBI LODR compliance.
- ✓ Institutional Investor Relations & Roadshows
- ✓ Migration from SME to Mainboard (after 2 yrs)
- ✓ Continuous Exchange Disclosures
The 12-Stage IPO Process
A structured journey from preliminary feasibility to the BSE / NSE opening bell. Explore each stage and click or hover to view our advisory deliverables.
IPO Feasibility
Evaluating capital goals, market timing, peer valuation multiples, and exchange platform fit (SME vs. Mainboard).
IPO Readiness Assessment
Forensic diagnostic of internal accounts, governance, board composition, and regulatory hygiene before public entry.
Appointment of Intermediaries
Assembling the syndicate: SEBI-registered merchant bankers, legal counsels, statutory auditors, registrars, and PR agencies.
Due Diligence
Exhaustive legal, financial, tax, operational, and secretarial due diligence conducted by counsels and auditors.
Financial & Legal Preparation
Public conversion, Ind AS restatement of 3-5 years financials, bonus issues, and capital reorganization.
DRHP Preparation
Drafting the master Draft Red Herring Prospectus: business narrative, MD&A, industry outlook, and risk factors.
Regulatory Review
Filing with SEBI and Exchanges (BSE/NSE), 21-day public comment window, and resolving regulatory observations.
RHP / IPO Marketing
Filing RHP with ROC, fixing valuation price band & lot size, anchor investor bidding, and nationwide roadshows.
IPO Subscription
The live 3-day public bidding period across QIB, NII/HNI, and Retail buckets via electronic ASBA and UPI.
Allotment
Finalizing Basis of Allotment with the exchange, unblocking ASBA funds, and crediting shares to Demat accounts.
Listing
The historic opening bell at BSE / NSE, commencing secondary public trading under designated scrip codes.
Post-Listing Compliance
Continuous SEBI LODR compliance, quarterly earnings disclosures, investor relations, and SME-to-Mainboard migration.
Plan Your Company's IPO Process
Connect with Glocal's senior investment banking partners for end-to-end management from Stage 01 feasibility to listing.
Live & Upcoming IPO Master Directory
Access verified issue details, live Grey Market Premium (GMP) updates, subscription status across investor buckets, and official draft prospectuses.
| Company & Sector | IPO Dates | Indicative GMP | Issue Size | Price Band | Lot Size | Type | Subscription | Status |
|---|---|---|---|---|---|---|---|---|
TEC | 26 Sep - 30 SepListing: 7 Oct 2026 | +₹64 (42.67%) 27 Sep 2026 | ₹48.5 Cr | ₹142 - ₹150 | 1,000 shares | SME | 44.8x Day 2, 2:00 PM | ● OPEN |
APE | 22 Sep - 25 SepListing: 1 Oct 2026 | +₹125 (24.75%) 27 Sep 2026 | ₹840 Cr | ₹480 - ₹505 | 29 shares | MAINBOARD | 58.2x Final Closed | ● CLOSED |
VAN | 15 Sep - 18 SepListing: 26 Sep 2026 | +₹95 (33.93%) 26 Sep 2026 | ₹1250 Cr | ₹265 - ₹280 | 53 shares | MAINBOARD | 76.5x Final | ● LISTED |
SRP | 27 Sep - 1 OctListing: 8 Oct 2026 | +₹44 (35.48%) 27 Sep 2026 | ₹32.8 Cr | ₹118 - ₹124 | 1,200 shares | SME | 19.2x Day 1, 4:00 PM | ● OPEN |
BIO | 8 Oct - 12 OctListing: 20 Oct 2026 | +₹68 (18.89%) 27 Sep 2026 | ₹720 Cr | ₹340 - ₹360 (Indicative) | 41 shares | MAINBOARD | Upcoming Opens Oct 8 | ● UPCOMING |
GRE | 15 Oct - 19 OctListing: 27 Oct 2026 | +₹82 (36.44%) 27 Sep 2026 | ₹1100 Cr | ₹210 - ₹225 (Indicative) | 66 shares | MAINBOARD | Upcoming Opens Oct 15 | ● UPCOMING |
AGR | 18 Oct - 21 OctListing: 29 Oct 2026 | +₹22 (24.44%) 27 Sep 2026 | ₹28 Cr | ₹85 - ₹90 | 1,600 shares | SME | Upcoming Opens Oct 18 | ● UPCOMING |
NOV | 8 Sep - 11 SepListing: 19 Sep 2026 | +₹38 (50%) 19 Sep 2026 | ₹24.5 Cr | ₹72 - ₹76 | 1,600 shares | SME | 61.2x Final | ● LISTED |
Spotlight Issues of the Week
The Promoter's Trusted Capital Partner
Conventional financial intermediaries represent the deal; Glocal Consultants represents the business promoter.
Valuation Maximization
We rigorously benchmark peer multiples to prevent underpricing, ensuring promoters raise maximum capital with optimal equity dilution.
Competitive Syndicate
We curate and bid out merchant bankers, legal counsels, and underwriters, lowering overall listing costs and securing superior institutional commitment.
Compressed Timelines
Our proprietary 14-day pre-readiness audit resolves secretarial, forensic, and IndAS reporting bottlenecks before SEBI submission.
Proven Execution Across Sectors
Interactive IPO & Valuation Suite
Professional-grade financial modeling tools designed for enterprise founders, CFOs, and market investors. Instant client-side computation with transparent math.
Issue Size & Dilution Simulator
Model target capital raise against post-money valuation to evaluate promoter equity dilution.
SME IPO vs Mainboard IPO vs FPO Comparative Matrix
Compare statutory eligibility criteria, capital thresholds, regulatory vetting, dilution, and investor allotment across SME initial public offerings, Mainboard IPOs, and Follow-on Public Offers (FPO).
| Listing Parameter | SME Platform (NSE Emerge / BSE SME) | Mainboard (BSE & NSE) | FPO (Follow-on Public Offer) |
|---|---|---|---|
| Issuer Stage & Purpose | Unlisted mid-market enterprise seeking maiden public growth capital | Unlisted mature corporate seeking marquee institutional listing | Already-listed company raising additional secondary/growth capital |
| Post-Issue Paid-Up Capital | Capped up to ₹25.00 Crore | Minimum ₹10.00 Crore (Typically ₹25 Cr to ₹500+ Cr) | No statutory cap; expands existing listed capital base |
| Typical Issue Size | No statutory minimum; typically ₹15 Cr - ₹100 Cr | Typically minimum ₹100 Cr+ for institutional float & liquidity | ₹50 Cr to ₹20,000+ Cr based on capex or debt reduction |
| Regulatory Vetting | Vetted & cleared directly by Stock Exchange (Fast-track) | Requires direct review, observation letter & clearance by SEBI | Fast-track SEBI/Exchange (Reg 155) or standard ICDR review |
| Underwriting Requirement | 100% Mandatory Underwritten (Lead Manager min. 15% on own book) | Optional; standard institutional book-building syndicate | Optional; syndicated underwriting based on market risk |
| Market Making | Mandatory 3 years continuous market making by MM broker | No mandatory market making required | Not required (existing secondary market liquidity active) |
| Minimum Application Size | ₹1,00,000 to ₹2,00,000 (Lot size based to protect small retail) | ₹14,000 to ₹15,000 (1 Retail Lot) | ₹14,000 to ₹15,000 (1 Retail Lot) |
| Minimum Allottees | Minimum 50 allottees | Minimum 1,000 allottees | Minimum 1,000 allottees / statutory retail spread |
| Investor Quotas | Minimum 50% Retail, 50% Non-Retail (HNIs / Corporates) | QIB 50%, NII 15%, Retail 35% (or 75/15/10 for non-profit track) | Typically QIB 50%, NII 15%, Retail 35% (retail discount common) |
| Financial Reporting | Half-Yearly financial reporting permitted under Indian GAAP / IndAS | Quarterly detailed financial reporting strictly under IndAS | Continuation of quarterly IndAS compliance and quarterly calls |
| Time to Ring the Bell | Fast-track: 3 to 5 months end-to-end | 6 to 9 months end-to-end | Fast-track: 2 to 4 months (known listed company track record) |
| Pricing & Dilution | Fixed price or book built; valuation based on growth projections | 100% Book built; price discovery driven by QIB anchors | Typically offered at modest discount to prevailing secondary VWAP |
| Next Strategic Milestone | Eligible to migrate to Mainboard after 2 years & ₹25 Cr+ capital | Nifty/Sensex indexation eligibility, global FII/DII liquidity | Enhanced institutional float, balance sheet de-leveraging |
Who We Partner With
Our bespoke capital markets advisory is structured to serve specific enterprise lifecycle stages.
Frequently Asked Questions
Common statutory and operational queries regarding IPO planning.
Book a Consultation
Speak directly with our senior capital markets partners. We will evaluate your corporate financials, model indicative peer valuations, and design an actionable roadmap to public listing.