IPO
Initial Public Offers (IPO) is first time issuance of securities by a Company to public at large. It is a process by which a closely held company becomes publicly listed company. Post IPO the shares of the Company are listed and traded on stock exchanges. In India we have following platforms where Companies can be listed through IPO in compliance with applicable norms related to respective platforms:
Legal frame work of IPO is provided under:
At the Fintellectual Advisors we advise the clients on Pre IPO Activities, Issue Structuring, Valuation and Marketing of IPO.
FPO
In Follow on Public offer (FPO) a Company already listed Company again issue shares to public at large. It may be fresh issue or Offer for sale. FPO has to be done as the norms provided in Companies Act, 2013, SEBI (ICDR) Regulations 2018. Fintellectual Advisors provide complete advisory in relation to the structuring of FPO issue pricing and launching of the same.
Right Issue
In Right issue Company issue fresh shares to its existing shareholders in proportion of their shareholding. The objective of the Right Issue is fund raising as well as rewarding shareholders. The legal frame work of the Right Issue is contained in following Regulations:
Fintellectual Advisors helps corporate clients in structuring Right Issue, advising on pricing of the Right Issue, Timing of the launch of Right Issue. We also advise of Drafting of Letter of Offer and other documentations in relation to Right Issue.
Secondary Market Services
Direct Listing
In Direct Listing a Company having its shares listed on one or more Stock get its shares listed on another stock Exchange. In India we have Following Stock Exchanges having nationwide trading Terminals and Regional Stock Exchanges:
STOCK EXCHNAGES HAVING NATIONWIDE TRADING TERMINALS
BSE Limited
National Stock Exchange of India Limited
Metropolitan Stock Exchange of India Limited
REGIONAL STOCK EXCHNAGES (RSE)
All the Regional Stock Exchanges have been derecognised by Securities and Exchange Board of India. At present The Calcutta Stock Exchange is only RSE which is functional. The Companies which were listed on derecognised RSE has been moved to dissemination Board had been provided with option either to list them at the Stock Exchanges having nationwide trading terminal or to delist post providing an exit opportunity to existing public shareholders.
At Fintellectual Advisors we help the Companies in Direct listing from:
Delisting
In Delisting a Company having its shares listed on Stock Exchange get them delisted post providing exit opportunity to public shareholders of the Company. Post delisting the shares of company are not traded on Stock Exchanges and Company become closely held. The Company can be delisted either through small route or through Reverse Book Building depending the eligibility criteria it satisfies as provided in Delisting Regulations.
At Fintellectual Advisors we advise the Company on Due Diligence, Exit Pricing, method to be opted for delisting and guiding the Company throughout delisting exercise.
Fund Raising through Private Placement
In Private placement a Company issue its shares to select group of investors. The legal framework of private placement is provided in Companies Act 2013, SEBI (ICDR) Regulations 2018 and SEBI (Listing Obligation and Disclosure) Requirements. At Fintellectual we help the Companies in Planning Private placement in compliance with private placement regulations and law, documentation in relation to private placement, getting In Principle Approval from Stock Exchanges, executing Corporate Action and getting listing and trading approvals from Exchanges.
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