This document outlines the key timelines and responsibilities for Chiripal IPO's draft red herring prospectus (DRHP) filing process with the Securities and Exchange Board of India (SEBI) and stock exchanges. It includes activities such as initial meetings, document collection, due diligence, legal reviews, auditor sign-offs, management approvals, and final filing. The timeline spans from early April to late May, with the DRHP targeted to be filed on May 28th.
This document outlines the key timelines and responsibilities for Chiripal IPO's draft red herring prospectus (DRHP) filing process with the Securities and Exchange Board of India (SEBI) and stock exchanges. It includes activities such as initial meetings, document collection, due diligence, legal reviews, auditor sign-offs, management approvals, and final filing. The timeline spans from early April to late May, with the DRHP targeted to be filed on May 28th.
This document outlines the key timelines and responsibilities for Chiripal IPO's draft red herring prospectus (DRHP) filing process with the Securities and Exchange Board of India (SEBI) and stock exchanges. It includes activities such as initial meetings, document collection, due diligence, legal reviews, auditor sign-offs, management approvals, and final filing. The timeline spans from early April to late May, with the DRHP targeted to be filed on May 28th.
1 Kick off meeting for the IPO 2nd April 2018 Company Management/Auditors/ BRLMs/Legal Counsel 2 Information and documents to 20th April 2018 Company be provided as per the IPO checklist. 3 Consent from the lenders and Financial 25th April 2018 Company institutions for the proposed IPO 4 Consent letters from the Customers and 25th April 2018 Company clients whose names will be included in the DRHP. 5 Pre-Marketing with selective QIBs 2nd May 2018 BRLMs th 6 Circulation of DRHP along with pending 7 May 2018 Legal Counsel documents. (Including Business and non- business sections) except for MD&A which will be circulated by Legal Counsel on completing the restated financials by the auditor 7 SEBI, stock exchange covering letter to 9th May 2018 Legal Counsel /BRLMs. BRLMs for their confirmation 8 In-principle application and 9th May 2018 Legal Counsel. checklist/documents to be filed with Stock Exchanges. 9 Signed Auditor deliverables 9th May 2018 Company/BRLMs 10 Consent on Industry report 9th May 2018 BRLMs. th 11 Comfort letter from the Auditor 9 May 2018 BRLMs/company/Auditor 12 Balance pending information/documents 11th May 2018 Company from the Company for finalizing DRHP 13 Comments from all parties on the 15th May 2018 Company/BRLMs. consolidated DRHP 14 SEBI ICDR check-list to BRLMs for 15th May 2018 Legal Counsel /BRLMs. their confirmation 15 Draft version of the Ind AS restated 15th May 2018 Company/Auditor/ financials of the company for the last 3 BRLMs. years (Standalone and Consolidated) and 2 years IGAAP restated financials for previous period by Statutory Auditor of the Company who is subject to Peer Review Audit by ICAI. 16 Capital equipment quotations prior to Close to filing DRHP Company. filing of DRHP. 17 Outstanding balances for the loans Close to filing DRHP Company availed by the Company, date closure to filing DRHP. S.No Information/documents Timelines Responsibility 18 Passing of board and members Close to filing DRHP Company. resolutions by the company 19 Final Drafting session for finalizing the 23rd May 2018 BRLMS/Company DRHP and any other relevant information. 20 Site visit 23rd May 2018 BRLMs/Company 21 Auditor Circle-ups 24th May 2018 Auditor/Company/ BRLMs 22 Bring-down due-diligence call with 24th May 2018 Company/BRLMs. Company, Auditors and Customer/Clients (if required) 23 Board meeting for approving DRHP 25th May 2018 Company 24 Filing of DRHP with SEBI and Stock 28th May 2018 BRLMs/Company Exchanges. 25 Advertisement to be released on filing 29th May 2018 BRLMs/Company/ DRHP Ad agency.