ILO Consulting advises and assists companies that are considering accessing the capital markets, whether by way of an Initial Public Offering (IPO), a Further Public Offering (FPO) or an Offer for Sale (OFS) to allow existing shareholders to dilute their shareholding. An IPO is a key stage in the life cycle of a business that enables it to raise capital from the public to aid in its growth, enhance its visibility in the market, strengthen its governance, and create long-term value for all stakeholders. We provide advice on an on-going basis in relation to all aspects of listing on the capital markets.
ILO Consulting’s services for capital market access include providing practical legal advice in transaction execution while guiding a business to maximize value at the IPO, and thereafter, in subsequent years, assisting with further capital raising through stock exchanges, including Offer for Sale transactions, and maintaining listing on the stock exchanges.
We help companies across industries, such as manufacturing, technology, healthcare, infrastructure, defence, renewable energy, financial services, and consumer goods and others, including start-ups and small and medium-sized enterprises.
At ILO Consulting,
Our team advises companies across different industries including manufacturing, technology, healthcare, infrastructure, defence, renewable energy, financial services and consumer products, for their IPOs on both the Main Board and the SME Market, including advising promoters, merchant bankers, auditors, share transfer agents, and other intermediaries.
Taking Your Business to the Public Market
An Initial Public Offering (IPO) is a process where a private company issues shares to the public for the first time to get listed on a recognized stock exchange. IPOs enable companies to raise capital and support growth and strengthen their financial structure. At the same time, an IPO can enhance a company’s image and increase value for its existing shareholders.
However, going public requires careful planning, extensive due diligence and strict compliance with the regulatory framework prescribed under the Companies Act, SEBI regulations and the stock exchange requirements.
At ILO Consulting, we assist companies at every stage of the IPO process—from the initial planning phase until listing and post-listing compliances. Our objective is to simplify the process, identify regulatory risks at an early stage and ensure that the company is well prepared for a successful public issue.
Assessing the company's IPO readiness and identifying compliance gaps.
Advising on pre-IPO restructuring and corporate reorganisation, wherever required.
Conducting legal, secretarial and financial due diligence.
Reviewing the company's statutory records and regulatory compliances.
Assisting in the preparation of industry reports and other supporting documents.
Drafting and reviewing the Draft Red Herring Prospectus (DRHP), Red Herring Prospectus (RHP) and other offer documents from a legal and compliance perspective.
Advising promoters and management on corporate governance requirements.
Ensuring compliance with SEBI regulations, the Companies Act and stock exchange requirements.
Reviewing material contracts, licences, approvals and ongoing litigation for appropriate disclosures.
Assisting in the appointment and coordination with merchant bankers, registrars, auditors, underwriters and other intermediaries.
Advising on regulatory filings and obtaining necessary approvals.
Providing support throughout the listing process.
Advising on post-listing corporate and securities law compliances.
Every IPO transaction is unique. We believe that early planning and proactive compliance play a critical role in ensuring a smooth listing process.
Our professionals work closely with promoters, directors and transaction advisors to address legal issues at an early stage, minimise execution risks and ensure that the transaction progresses within the prescribed regulatory framework.
Raising Additional Capital After Listing
A Further Public Offering (FPO), also known as a Follow-on Public Offer, enables an already listed company to raise additional capital from public investors after its initial listing.
Companies may undertake an FPO for several reasons, including:
Funding business expansion.
Financing acquisitions.
Reducing existing debt.
Meeting working capital requirements.
Strengthening the company's balance sheet.
Complying with regulatory requirements.
An FPO requires careful planning and adherence to SEBI regulations, stock exchange requirements and corporate law compliances.
Our team provides comprehensive legal and regulatory assistance, including:
Conducting legal and regulatory due diligence.
Advising on board and shareholder approvals.
Drafting and reviewing offer documents.
Ensuring compliance with SEBI regulations and stock exchange requirements.
Coordinating with merchant bankers and other transaction intermediaries.
Advising on corporate governance and disclosure obligations.
Preparing regulatory documentation.
Assisting with listing formalities and post-issue compliances.
We work with the company and all stakeholders to ensure that the transaction is completed efficiently while maintaining full regulatory compliance.
Advisory for Promoters and Selling Shareholders
An OFS is a mechanism through which existing shareholders including promoters, promoter group and other institutional investors can sell their shares on the stock exchanges.
An OFS does not involve the issue of new shares by the listed company and the sale proceeds are received by the selling shareholders and not by the company. This mechanism is commonly used for purposes of reducing promoter shareholding, improving public shareholding and facilitating an orderly exit for existing investors including institutional investors and promoter group entities.
As the transaction involves a listed entity, careful planning and compliance are essential to complete the OFS transaction successfully.
We assist promoters, listed companies and selling shareholders with:
Structuring the OFS transaction.
Advising on the applicable SEBI regulations and stock exchange requirements.
Preparing and reviewing transaction documentation.
Advising promoters and selling shareholders on regulatory obligations.
Assisting with corporate approvals, wherever applicable.
Coordinating with brokers, merchant bankers and other intermediaries.
Advising on disclosure requirements.
Ensuring compliance with stock exchange procedures.
Assisting with post-offer regulatory compliances.
Capital market transactions require close coordination between multiple stakeholders and strict adherence to evolving regulatory requirements. Our team combines legal and regulatory expertise to provide practical, commercially focused advice throughout the transaction.
We focus on:
End-to-end transaction support.
Strong regulatory and compliance expertise.
Practical and solution-oriented legal advice.
Seamless coordination with merchant bankers, auditors and other intermediaries.
Timely execution of regulatory filings and approvals.
Long-term support for post-listing and continuing compliance obligations.
Whether your company is planning its first public issue, raising additional capital after listing, or facilitating an OFS, our team provides legal and regulatory support in every stage of the transaction.
If you are considering an Initial Public Offering (IPO) or exploring capital market opportunities, our IPO advisory team can help you navigate the process with a clear, strategic, and compliant approach. Contact us to discuss your requirements and discover how we can support your IPO journey from planning to listing.
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