THE CREDIT LANE
About this funding solution
A Main Board IPO is reserved for large, established companies — under the standard profitability route, net tangible assets must be at least ₹3 crore in each of the last three years, with average operating profit of at least ₹15 crore in three of the last five years, and net worth exceeding ₹10 crore in each of the preceding three years.
Companies that don't meet this profitability threshold can still list via the book-building QIB route, which requires allocating at least 75% of the net issue to Qualified Institutional Buyers, whose participation itself signals institutional confidence in the offer.
The process runs through a SEBI-registered merchant banker: DRHP filing with SEBI, a formal review and observation cycle, price-band finalisation, book-building and subscription, followed by allotment and listing on NSE and BSE.
*Profitability route: tangible assets >=₹3Cr and operating profit >=₹15Cr in 3 of last 5 years. Book-built QIB route available if this isn't met.
Who is this solution for?
For large, established companies with either a strong 3-5 year profitability record or institutional-grade investor appeal.
- Net tangible assets of at least ₹3 crore in each of the last 3 years
- Average operating profit of at least ₹15 crore across 3 of the last 5 years
- Net worth exceeding ₹10 crore in each of the last 3 preceding years
- No debarment against promoters/directors by SEBI or other regulators
Why consider this funding route?
Dual-route eligibility check
Assessment of both the profitability route and the QIB book-building route.
Merchant banker coordination
End-to-end coordination with lead managers, underwriters and registrars.
SEBI DRHP observations
Support through SEBI's review and observation cycle on the draft prospectus.
Roadshow coordination
Support structuring investor roadshows ahead of the book-building window.
How it works
Eligibility assessment
Financials tested against the profitability route and QIB alternate route.
Merchant banker & DRHP
Lead manager appointed; DRHP drafted and filed with SEBI.
SEBI review observations
SEBI's observations addressed and the prospectus finalised.
Book-building & subscription
Price band set; issue opens for QIB, HNI and retail subscription.
Allotment & listing
Shares allotted and the company lists on NSE and BSE mainboard.
Fresh Issue Share Dilution Estimator
Use the sliders below to get an indicative estimate. Final terms are subject to formal underwriting and lender / investor committee assessment.
Client experience
FAQs
You may still qualify via the QIB book-building route, which requires at least 75% of the net issue to be allocated to Qualified Institutional Buyers instead of meeting the standard profitability test.
This varies by case and the number of observation rounds SEBI raises; we help prepare a DRHP designed to minimise back-and-forth.
Main Board carries materially higher profitability and net worth thresholds and heavier compliance, but offers broader investor access and liquidity than the SME platforms.
Underwriters, registrars, legal counsel and often a syndicate of banks for larger issues — we help coordinate the full syndicate.
Check Eligibility
Submit details for Main Board IPO. Our desk reviews profile variables and calls you back the same working day.