IPO Valuation vs. Listing-Day Reality: Lessons from India’s 2026 Startup Listings
IPO Valuation vs. Listing-Day Reality: Lessons from India’s 2026 Startup Listings An IPO subscribed 30 times can list below its issue price. One subscribed almost 100 times can open way up. Both happened this year. Amagi’s issue was subscribed 30.24 times and still opened 11.9% below its issue price on the NSE. Shiprocket was subscribed [...]
Valuation Readiness Checklist for Startups, SMEs, and Growing Businesses
Valuation Readiness Checklist for Startups, SMEs, and Growing Businesses You can explain your business in a funding meeting. But when someone asks how the forecast was built or who owns the software, the answer needs supporting records. This valuation readiness checklist shows what to gather, why it matters, and what to sort out before the [...]
Pre-Money vs Post-Money Valuation: What Founders Must Understand Before Raising Capital
Pre-Money vs Post-Money Valuation: What Founders Must Understand Before Raising Capital Founders often get asked a single question very soon after beginning their fundraising process: What will be your valuation? Someone will most likely then inquire, "Is that the pre-money or post-money valuation?" Much more can happen due to that single word which determines the [...]
Startup Valuation Before Fundraising: 10 Factors Investors Examine
Startup Valuation Before Fundraising: 10 Factors Investors Examine Investors don't just look at a startup's product and pitch before deciding it's worth. They also consider several other aspects including whether the revenue quality is good or not, if the startup is efficiently growing, the way it uses its cash, its market potential, if the team [...]
September 2026 Tax Compliance Checklist For Indian Companies, LLPs and Businesses
September 2026 Tax Compliance Checklist For Indian Companies, LLPs and Businesses September is a high-pressure compliance month for Indian businesses. Companies with a 31 March financial year-end may be preparing for their AGM and statutory audit, while businesses and professionals track tax-audit requirements, the second advance-tax instalment, TDS/TCS payments, and regular GST filings. This checklist separates [...]
Related Party Transactions and Ind AS 24: Why an Independent Valuation Is Non-Negotiable
Related Party Transactions and Ind AS 24: Why an Independent Valuation Is Non-Negotiable Related party transactions naturally bear a pricing risk. As the two parties are related, they are essentially the same family, therefore, the price is not determined through the competitive price mechanism available in a freely-operating market. That's why these transactions are subjected [...]
GIFT City & IFSC Valuation Rules: What Global Funds Need to Know Before Routing Capital Into India
GIFT City & IFSC Valuation Rules: What Global Funds Need to Know Before Routing Capital Into India Global funds evaluating India exposure are increasingly looking at GIFT City as an entry point, and for good reason. Nearly two-thirds of external commercial borrowings raised by Indian entities this year have already been routed through it, and [...]
Down-Round Valuations in 2026: How to Reprice Your Startup Honestly When the Market Has Cooled
Down-Round Valuations in 2026: How to Reprice Your Startup Honestly When the Market Has Cooled Many startups that raised capital during the 2021 funding boom are now approaching a very different negotiating table. Valuations set in a period of abundant capital and rapid deal-making no longer reflect the fundamentals investors are underwriting to today. As [...]
SEBI’s Semi-Annual AIF Valuation Mandate: What It Actually Means For Fund Managers
SEBI's Semi-Annual AIF Valuation Mandate: What It Actually Means For Fund Managers The Securities and Exchange Board of India (SEBI) regulates Alternative Investment Funds, or AIFs, under the SEBI (Alternative Investment Funds) Regulations, 2012. These are pooled investment vehicles, typically venture capital funds, private equity funds, and hedge funds, that raise money from sophisticated investors [...]
Why Two Valuers Can Value the Same Company Differently, And What That Actually Means
Why Two Valuers Can Value the Same Company Differently, And What That Actually Means A founder recently forwarded us two valuation reports for the same company, prepared just weeks apart, with figures that differed by nearly 30%. His question was direct: which one got it wrong? Neither did. That's often the least expected answer, but [...]