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DRAFT — FOR REVIEW
REF: PGA/SERVICES/2026 ADVISOR: CA (DR.) SUNIL GUPTA ISSUER: PIONEER GROWTH ADVISORS
Schedule of Services

In respect of taking your company public.

A plain account of the work Pioneer does, set out the way we'd set it out in an engagement letter — not a features list.

PIONEER · IPO ADVISORY · EST 2001 · P

Pioneer works across the full arc of going public — from an honest first read of where your company stands, through the years of preparation most advisors skip, to the listing itself. What follows is set out as six schedules, the way the work is actually scoped once we sit down together.

IREADINESS

IPO Readiness Assessment

An eligibility check across financial and compliance parameters — so you know exactly where you stand before anything else begins.

  • (a)Financial track record review against exchange norms
  • (b)Governance and board-structure gap check
  • (c)A written readiness note, not a verbal opinion
IIVALUATION

Valuation & Compliance

Fair, defensible business valuation paired with regulatory alignment across SEBI and exchange requirements.

  • (a)Valuation methodology suited to your sector
  • (b)Private-to-public structural conversion planning
  • (c)Related-party exposure review
IIIFILING

DRHP & SEBI Filing

Document drafting and filing management handled end-to-end, coordinated closely with your merchant banker.

  • (a)DRHP drafting coordination
  • (b)SEBI and exchange filing management
  • (c)Query resolution through to observation letter
IVPOSITIONING

Investor Positioning

A narrative and pitch built for institutional trust — so your story lands with the investors who matter.

  • (a)Equity story and positioning narrative
  • (b)Roadshow and investor-meeting preparation
VLISTING

NSE Emerge / BSE SME Listing

End-to-end listing execution support, from subscription through to the day your company actually lists.

  • (a)Subscription-period coordination
  • (b)Listing-day support and post-listing compliance handover
Notes & references
1.Pajson Agro India Ltd. — ₹74.45 Cr raised via BSE SME IPO, December 2025.
2.259 SME IPOs listed across BSE SME and NSE Emerge in 2025, surpassing 2024 and setting a new annual record.
Declaration

Why the engagement is scoped the way it is

01

Only a short list of mandates run at a time, roughly three a year, so each one gets founder-level attention rather than being handed down a pipeline.

02

Work typically begins 24 months before DRHP filing, because governance and related-party issues take real time to fix — not a fortnight.

03

Readiness is checked against the actual norms — SEBI ICDR, LODR, exchange eligibility criteria — not a general impression of "IPO-readiness."

04

The practice is CA-led, not generalist-led. Accounting and regulatory rigour come first; capital-markets strategy is built on top of that.

To begin

Start with the Readiness Assessment

A written, honest diagnostic of where your company stands against SME and mainboard listing norms — the first schedule, before any longer engagement is discussed.

CA (Dr.) Sunil Gupta
Founder, Pioneer Growth Advisors
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