IPO Cost & Timeline Estimator

Cost breakdown (indicative)

Merchant banker (lead manager) fees

₹50.00 L – ₹1.20 Cr

Legal counsel and documentation

₹15.00 L – ₹50.00 L

Audit, restatement and due diligence

₹10.00 L – ₹40.00 L

Exchange listing and processing fees

₹2.00 L – ₹15.00 L

Registrar to the issue

₹3.00 L – ₹12.00 L

Marketing, PR and roadshows (optional)

₹5.00 L – ₹50.00 L

Market-making / underwriting arrangements (optional)

₹10.00 L – ₹40.00 L

Printing, depositories, incidental

₹3.00 L – ₹15.00 L

Indicative timeline

1. Financial preparation and restatement

   Weeks 0–20 · 8–20 weeks · Restated financials, peer-review readiness, clean-up of accounts and secretarial records.

2. Legal and financial due diligence

   Weeks 8–30 · 4–10 weeks · Merchant banker and counsel diligence over corporate, financial and regulatory history.

3. Draft prospectus and filing

   Weeks 12–38 · 4–8 weeks · Preparation of the draft offer document, intermediary appointments and exchange filing.

4. Exchange / regulatory review

   Weeks 16–54 · 6–16 weeks · Exchange observations, clarifications and in-principle approval.

5. Issue preparation and marketing

   Weeks 16–44 · 3–6 weeks · Final offer document, pricing, anchor/investor outreach and issue logistics. Partly parallel to review.

6. Issue opening, closing and allotment

   Weeks 22–58 · 2–4 weeks · Subscription window, basis of allotment and refunds.

7. Listing and market-making commencement

   Weeks 24–61 · 1–3 weeks · Trading approval, listing and commencement of market-making where applicable.

Stages may run in parallel; the range reflects dependencies, not a guaranteed listing date.