BSE Listing- Check Eligibility in 1 Min

An offer document is basically a disclosure of a company’s financial, legal, operational, and risks to the SEBI before raising capital via public offerings like IPO, FPOs, or rights issues. It includes financial statements, risk assessments, a list of lawsuits (if any), the main objective for fundraising, and details on security types.
It consists of the Draft Red Herring Prospectus, the Red Herring Prospectus, and the final prospectus after price allotment.

You don’t have to wait months after the BSE listing. The standard timeline is as follows:

• IPO: T+6
• Follow-on public offering (FPO): T+6 to T+8
• Rights Issue: 10-20 days
• Bonus Issue: 2 to 7 days
• Preferential: 1 to 2 weeks after the allotment with a 1–to 3-year lock-in period.
• ESOP allotment: 1 to 2 weeks, mostly with internal lock-in. 

An RE is a token issued by a listed entity to its regular shareholders and investors for raising funds. Shareholders can obtain the rights of entitlements if they already own the concerned company’s shares on a specific date. They can use the REs to buy new rights or trade them on the BSE.

The primary governance is done by the Securities and Exchange Board of India (SEBI) for small and medium enterprises’ listing on the Bombay Stock Exchange. They prescribe the eligibility criteria, oversee the listing, check the compliance, and handle the investor's grievance.

An initial public offering is a process that allows a private company to list shares to the public after converting into a public limited company to raise capital. A follow-on public offering, on the other hand, is an additional issuance of new shares by a listed company via a stock listing.

There are no serious penalties for late BSE SME filing or main board IPO as per the SEBI rules. A mere delay of two or three days is not fined by the concerned authority. However, any delay in compliance post-listing will be fined or sanctioned by the authority (in INR) per day, as follows:

• Quarterly results: 5,000.
• Annual financial results: 10,000.
• Corporate governance report submission: between 2,000 to 5,000.
• Shareholding pattern: 2,000.
• Board composition non-compliance: 5,000.
• Investor grievance report filing: 1,000-2,000.

The standard corporate tax rate in Sri Lanka is 30%. However, specific industries may benefit from reduced rates or tax holidays under particular government policies.

The financial documents mandated for Bombay Stock Exchange listing are as follows:

• Audited financial statements for the last three years. 
• An independent report by the auditor, including the CARO report.
• Audited tax reports and receipts.
• Financial performance information by the manager (MD&A) analysis. 
• Declaration of contingent liabilities.
• Financial projections if restructuring is in progress. 
• Company funds, reserves, and share capital statements. 

Our services for Bombay Stock Exchange listing include:
Company conversion from private limited to public limited; 2) MOA/AOA drafting; 3) Due diligence; 4) preparation of DRHP; 5) filing and coordination with the SEBI; 6) submission of the final draft to the ROC; 7) assistance with IPO marketing; 8) compliance after IPO/FPO; and 9) annual returns and tax filings.

A DRHP is a draft document filed with the regulatory authority (SEBI) for approval. It includes a company’s objectives, overview, financial position, risk assessments, organizational structure, and details on the management with complete KYC. The document also explains how it is going to use the funds raised through the IPO.
The draft also consists of market projections, customer segments, and trends. The company's pending lawsuits, any claim against promoters, capital structure, and regulatory approvals, also form a part of the DRHP.
The key difference between the draft and RHP is that the latter is the final version of the document, which is filed with the ROC, and it contains the price band and number of shares for allotment.