This is Part – VIII of the Capital Markets article series. An Initial Public Offering (IPO) is a landmark event in the lifecycle of any company. Beyond the transfer of stakes, rebalancing of the capital structure, etc., the IPO acts as a fundamental public trust exercise where the retail and institutional investors commit capital subject... Continue Reading →
When the Market Opens and the Investigation Has Already Begun
- By Nitin Jain Indian capital markets have evolved faster than the legal systems designed to regulate them. With the Securities and Exchange Board of India (SEBI) introducing automated price-band widening during pre-open call auctions alongside instant PAN-based validation, the regulatory apparatus is now entirely digital, instantaneous, and rigid. For high-frequency trading (HFT) desks, algorithmic... Continue Reading →
Corporate Governance Before IPO: Why “Founder-Led” cannot mean “Founder-Controlled?”
This is Part – VII of the Capital Market article series. Introduction The journey from a privately held, founder-driven enterprise to a publicly listed company is among the most consequential transitions a business will ever undertake. Going public isn’t just about raising capital but a radical reordering of accountability. It forces founders to share ownership... Continue Reading →
IPO Readiness for PE-Backed Companies: Alignment Issues Between Founders and Investors
This is Part – VI of the Capital Markets article series. Introduction The decision to take a private equity–backed company public is among the most consequential events in that company’s lifecycle. It marks the transition from a closely governed, contractually ordered private structure to a publicly accountable company regulated by the Securities and Exchange Board... Continue Reading →
India’s Manufacturing Shift Is Creating a New Layer of Contract Risk
By - Archana Balasubramanian A container clears the last leg of an intercontinental shipment and stops at a Western customs barrier. The Tier-1 Indian supplier met every delivery timeline and quality threshold. The problem sits one level below: a sub-tier vendor in a geopolitically restricted region supplied a critical chemical compound, because hitting the buyer's... Continue Reading →
The Legal Architecture of a Successful IPO: Lawyers, Merchant Bankers, Auditors and Promoters Working Together
This is Part-V of the Capital Markets articles series. An Initial Public Offering (“IPO”) is often perceived as a financial milestone, a company’s transition from private ownership to public participation. In reality, however, a successful IPO is not merely a capital raising exercise. It is a highly coordinated legal, regulatory, financial and governance transformation. Behind... Continue Reading →

