Listing-ready, long before the offer document. IPO readiness for SME platform and mainboard aspirants, from Sanchit A & Co, Chartered Accountants.
A public issue is judged on the quality of a company's track record: its restated financials, its controls, its tax and legal history, and its governance. Most of that cannot be fixed in the months before filing. Businesses that begin preparing two to three years ahead go to market with cleaner numbers, fewer disclosure surprises and a smoother due-diligence process.
Sanchit A & Co helps promoters build that track record. We assess where the business stands today, close the gaps in a planned sequence, and then support the company, its merchant banker, legal counsel and auditors through the offer process and into life as a listed entity.
Our experience
Executed an IPO assignment that included transitioning the company's financial statements from Indian GAAP to Ind AS in line with SEBI ICDR Regulations, 2018.
Statutory audits and quarterly limited reviews of listed entities, including a ferro-chrome manufacturer and a Small Finance Bank, covering ICFR, BRSR and listed-debenture compliance.
Currently advising and restructuring growing businesses to meet regulatory, statutory and financial compliance standards ahead of planned listings.
Transitions from AS to Ind AS and from Ind AS to IFRS, and consolidation of promoter-group and investment entities.
Who it is for
What we do
A structured gap assessment across financial reporting, tax, legal, governance and controls, with an initial review of eligibility under SEBI ICDR and exchange norms, and a prioritised roadmap.
Conversion to a public limited company, group and holding-structure rationalisation, clean-up of related-party arrangements, promoter shareholding and capital-structure planning.
Ind AS transition, accounting-policy alignment, consolidation, and preparation of the data and schedules needed for restated financial statements and the peer-reviewed audit.
Documenting and testing Internal Financial Controls, strengthening ERP, MIS and inventory controls, and setting up a reliable monthly and quarterly closing calendar.
Review of open assessments, appeals and notices, GST reconciliations and tax positions, so that contingent liabilities are understood, resolved where possible and disclosed correctly.
Board composition, independent directors and committees, statutory registers and minutes, and the policies a listed company needs, such as related-party transactions and vigil mechanism.
Coordinating with the merchant banker, legal counsel and auditors on financial information, key performance indicators, business data and due-diligence queries for the draft offer document.
Support with SEBI LODR obligations, quarterly results and limited reviews, related-party disclosures and, where applicable, BRSR reporting after listing.
Indicative roadmap
Readiness review and roadmap
Entity, capital and governance changes
Ind AS, controls and clean audited years
Restated financials and offer-document support
Ongoing LODR and reporting compliance
Timelines vary with the size of the business, its starting point and the platform chosen.
Why work with us
We have seen IPO and listed-company work from the inside, so we prepare you for the questions auditors and bankers will ask.
CA, CS and legal grounding means financial, tax and secretarial gaps are addressed together, not in silos.
Clients can move from day-to-day CFO support to IPO preparation without changing advisors or losing context.
We automate reconciliations and reporting so the business can produce reliable numbers every quarter.
Please note: Lead management of a public issue is undertaken by a SEBI-registered merchant banker, and restated financial statements are audited by a peer-reviewed auditor. Our role is readiness, advisory and coordination support alongside them. Where we are a company's statutory auditor, we offer only those services permitted under applicable independence requirements.
Start with a readiness review. We will tell you where the business stands today
and what has to be in place before the offer document is drafted.
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