Skip to content
Vraj ChanganiIPO Advisor · Startup Consultant
39 articles · 9 categories

Insights for Founders.

Practical articles on IPO preparation, ESOP structuring, debt syndication, fundraising and cross-border setup — written for founders and promoters, not academics. Every article cites SEBI, RBI, MCA or jurisdictional sources.

Core practice — what I personally write on

From first board memo to listing day.

23 Apr 202614 min read

Pre-IPO Structuring: The 18 Months Before Filing

Bonus issues, share splits, promoter lock-in, ESOP cleanup, related-party purges — what actually happens between the board decision to list and the DRHP filing. A practical timeline for SME and mainboard candidates.

Pre-IPODRHPBonus Issue
Read article
26 Apr 202611 min read

BSE SME vs NSE Emerge: Which Platform to List On

Eligibility, costs, post-listing liquidity, lot sizes and the practical differences — a CA's framework for choosing between BSE SME and NSE Emerge for your SME IPO.

BSE SMENSE EmergeSME IPO
Read article

SAFEs, CCDs, priced rounds — done right.

Working capital, term loans, ECB, NCDs.

MIS, cash flow, board reporting.

ESOP

4

Pool sizing, vesting, Section 17(2).

Firm bench — through DRSPV & Associates

Tax, FEMA, foreign incorporation and corporate compliance — handled through the firm bench, written from the same desk.

US, UK, UAE, Singapore — global setup.

Pvt Ltd, LLP, OPC — picking the right vehicle.

Section 80-IAC, angel tax, ESOP tax, GST.

FDI, ODI, ECB and NRI compliance.

Got a specific question?

Skip the search. Just ask.

Send a short note — three sentences is plenty. I read every message and reply within 4 working hours.