Professional Documents
Culture Documents
54 Ipo Checklist
54 Ipo Checklist
54 Ipo Checklist
2 Board Approval for IPO 3 Presentation by LMs 4 Appointment Of LMs 5 Final and signed auditors report received for draft RHP without / with consolidation 6 Filing of draft RHP with SEBI Alongwith Due diligence, without consolidated A\cs 7 8 9 10 Receive comments from SEBI on Draft Red Herring Prospectus File Red Herring Prospectus with the RoC Clearance of ROC Commence road shows
*Subject to the approval of SEBI for Filing of RHP without consolidated accounts . **Subject to the market condition and advice of the Lead Managers
ACTIVITY
COMPRESSED DATE 11.02.2004 31.03.2004 14.04.04- 16.04.04 20.04.2004 15.06.2004 18.06.2004 * 09.07.2004 19.07.2004 21.07.2004 24.07.2004 09.08.2004**
11 Book Opening
ACTIVITY
TIME SCHEDULE FOR INITIAL PUBLIC OFFERING RESPONSIBILIT COMPRESSED DATE* ALTERNATE Y COMPRESSED DATE**
Stage 1: PRE SEBI FILING 1 Receipt of GOI Approval 2 Board Approval for IPO 3 Presentation by LMs 4 Appointment Of LMs 5 Appointment Of LAs 6 IPO Kick-Off Mtg. 7 Due Diligence Check list Received from LA 8 Presentation of Business plan by Co. Mgt. To LM 9 Commencement of Due Diligence in Data Room 10 Check list/Questionnaire for Research analyst 11 Advertising Guidelines 12 Research Guidelines 13 First Draft of RHP(Cravath) 14 Completion of Due diligence in Data Room 15 Due Diligence Report Co./BRLMs Co./BRLMs LA/LM Co./BRLMs Co./LA LM LA LA LA/LM Co./LA LA 11.02.04 31.03.04 14.04.04- 16.04.04 14.05.04 14.05.04 14.05.04 14.05.04 17.05.04 18.05.04 19.05.04 19.05.4-20.05.04 20.05.04 25.05.04-27.05.04 28.05.04 30.05.04 11.02.04 31.03.04 14.04.04- 16.04.04 14.05.04 14.05.04 14.05.04 14.05.04 17.05.04 18.05.04 19.05.04 19.05.4-20.05.04 20.05.04 25.05.04-27.05.04 28.05.04 30.05.04
16 First Draft of RHP(Amarchand) 17 Comment on First Draft of RHPof Cravath by Company 18 Auditors give Final 2004 Audited Accounts with restatement for MD & A 19 Second Draft RHP 20 Auditors give 5 years Restated Accounts 21 Final RHP 22 Adoption of RHP by Board 23 Comfort Letter by Auditors for RHP including stub period 24 Filing RHP with SEBI alongwith Due-deligence Certificate 25 Comments by SEBI on RHP 26 Final Clearance from SEBI 27 File Red Herring Prospectus with the RoC 28 Commence road shows 29 Clearance of ROC 30 Bid Opening * Subject to SEBI Approval of filing of RHP without Consolidated Accounts * *Subject to SEBI not approving filing of RHP without Consolidated Accounts
02.06.04 02.06.04 05.06.04 09.06.04 15.06.04 17.06.04 17.06.04 17.06.04-18.06.04 18.06.04 09.07.04 14.07.04
02.06.04 02.06.04 05.06.04 09.06.04 15.06.04 29.06.04 29.06.04 29.06.04 30.06.04 21.07.04 26.07.04 28.07.04/30.07.04 30.07.04 02.08.04 14.08.04
LMs
ACTIVITY
Cumulative Days
Responsibility
2 2 2 7 7 7 8 12 12 29 14 16 16 19 37 40 47
LMs Company, LMs Company, LMs Company, LMs Company Company Company, DLC LMs Company, LMs Company Company, LMs Company, LMs Company, LMs Company, LMs Company Company Company, LMs
22 23 28 26 26 30 26 33 37 32 37 40
Company, LMs Company, LMs Company, LMs Company, Auditors Company Company, LMs
ACTIVITY Research Analysts finalize draft reports and invite comments Final comments provided to Research Analysts Finalise Printers Receive comments on first draft of RHP from Company, DLC, BRLC and LMs
Cumulative Days 47 54 42 54
Finalise the corporate advertising campaign Second draft of draft RHP circulated to Company, DLC, BRLC and LMs Receive RBI approval DLC, ILC and BRLC clearance certificate and 10 b 5 opinion received for draft RHP for filing with SEBI Receive comfort letter from Auditors for financial disclosures Company signs off draft RHP for filing with SEBI Research report published and circulated File Draft Red Herring Prospectus with SEBI along with Due Diligence Certificate, MOU, interse, floppy & cheque
41 61 55 65 65 68 64 70
Company, LMs, Ad Agency Company, Legal Advisor Company, LMs DLC, BRLC Company, Auditors Company LMs LMs
71 77 71 72 78 83 86 86 86
Company Company, LMs Ad Agency, Company, LMs Company, LMs Company Company, LMs, Bankers, Registrar LMs LMs Company, LMs, Bankers, Registrar, DLC, ILC, BRLC Ad Agency, Company, LMs LMs LMs Company, Auditors Company Company, LMs, DLC, ILC, BRLC
90 91 93 97 97 97
ACTIVITY Update Draft Red Herring Prospectus after incorporating SEBI and stock exchange comments and file reply with SEBI alongwith Audited Results Meet SEBI for concurrance on the updated Draft Red Herring Prospectus Receive final clearance from SEBI on the updated Draft Red Herring Prospectus Registrar-Banker meeting for modalities of collection Finalize stationary distribution schedule Printer to submit first proof of Red Herring Prospectus and bid form Make necessary corrections and generate final proof of Red Herring Prospectus and bid form Board/ Committee authorised by Board to approve sign and authorise filing of Red Herring Prospectus with ROC Bring down due diligence Receive comfort letter from auditors for financial disclosures File Red Herring Prospectus with the RoC Submit due diligence certificate to SEBI at the time of RoC filing Submit printed RHP and bid forms to SEBI Receive RoC acknowlegement card Give strike order for printing of RHP and Bid Forms Draft CANs and Refund Orders / Warrants
Cumulative Days 99
103 105 106 106 107 110 107 110 105 111 111 114 112 113 113
LMs LMs Company, LMs, Registrars, Bankers LMs Printer Company, Printer, LMs Company Company, LMs, DLC, ILC, BRLC Company, Auditors Company LMs LMs, Printer Company Company, LMs
ACTIVITY Bid Opening Submit due diligence certificate to SEBI Road shows end Submit due diligence certificate to SEBI Bid Closing Issue Pricing Finalized
Cumulative Days 124 124 126 128 128 129 15 130 131 130 131 131 132 133 134 133 135 137 135 137 137 139 139 140 141 141 145 207
Responsibility LMs LMs Company, LMs LMs LMs GoI, Company, LMs
Registrars, Bankers Company, LMs, Registrar Company, LMs LMs, DLC, BRLC and Company Company, LMs LMs Company, LMs Company, LMs Bankers Registrar, Company Registrar, Ad Agency, Company, LMs Ad Agency, Company, LMs Registrar LMs Registrar, Banker, LMs, Company Company Company Registrar, Company Company, LMs Company, LMs LMs