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Investor Charter

Investor Relation

In today’s dynamic business landscape, focusing on your core competencies is crucial for success. Value Square’s KPO services empower you to outsource non-core but critical functions to a team of skilled professionals, allowing you to streamline operations, reduce costs, and achieve your strategic objectives.

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Our Value-Added Services

Value Square empowers foreign companies to navigate the complexities of Indian capital markets through our comprehensive Merchant Banking Services. We guide you through the entire process of IPOs (both SME and Main Board), business valuations, buybacks, takeovers, and delistings. Our team of experts ensures regulatory compliance, drafts essential documents, and develops targeted investor strategies. By leveraging our deep market knowledge and proven track record, we help you achieve your business goals and unlock growth potential in the Indian market.
What We Offer
  • Expert guidance through the entire IPO process
  • Assistance with regulatory compliance
  • Drafting of IPO prospectus and other documents
  • Investor targeting and marketing strategies
  • Ensuring a smooth listing on the stock exchange
Benefits for Your Company
  • Access a wider pool of investors and raise significant capital
  • Increase brand awareness and establish a strong public presence in India
  • Enhance your company's credibility and value

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Why choose us

Why Choose Value Square for Your Value-Added Services Needs?

The key benefits of using Value Square's value-added services.
Experienced Team

Experienced team with a proven track record of success.

Indian Market & Regulatory Landscape

In-depth knowledge of the Indian market and regulatory landscape

Comprehensive Solutions

Comprehensive solutions tailored to your specific requirements

Seamless execution

Seamless execution and project management expertise

Client Satisfaction

Commitment to client satisfaction and long-term partnerships

Client Success Stories

Value Square's strategic guidance and local expertise enabled Value Square Advisors Pvt Ltd. to seamlessly enter the Indian market, achieving rapid growth and operational efficiency. Their dedicated support was instrumental in our success.

Prakash Clients

With Value Square's comprehensive services, Value Square Advisors Pvt Ltd. navigated India's regulatory landscape effortlessly. Their expert insights and timely assistance were key to our successful market penetration and business expansion.

Ritesh Clients

Value Square's tailored solutions and on-ground support empowered Value Square Advisors Pvt Ltd. to establish a strong foothold in India. Their proactive approach and invaluable assistance drove our business objectives to fruition.

Hemant Clients

Investor Charter Charter Charter

Our roots date back seven decades, when in 1934 the family had setup its first financial venture.Khandwala Securities Limited was setup in 1993, principally promoted by Mr. Paresh J Khandwala, a second generation financial market specialist entrepreneur.

Khandwala Securities Limited (KSL)is a specialized Institutional Dealing and Investment Banking firm with an exemplary track record of cutting-edge research, service innovation, transaction execution and solution structuring.

Part of a group with over 7 decades of market intermediation and transaction execution expertise,KSL today is recognized as a specialist financial services firm delivering Intelligent Research, Transaction Execution, Corporate Advisory and Structured Fund Raising services to Financial Institutions, Corporate Houses and High Networth clients across multiple markets and geographies.

Board Compositions Compositions Compositions

Shri Prakash Jain – Managing Director
Shri Vikash Singh – Whole-time Director and Chief Financial Officer

Board Committees Committees Committees

Khandwala Securities Limited is a Company managed by Board and the Board meets at regular intervals to consider accounts, review of operations, formulate corporate policies and set up goals. The Board has constituted following committees: The board consists of eminent persons with considerable professional expertise and experience in banking, management consulting, financial services and similar fields.

Audit Committees Committees Committees

SR No.Name of MembersDesignationCategory
1.Mr. Homiar N. VakilChairmanNon-Executive Independent Director
2.Mr. Kalpen ShuklaMemberNon-Executive Independent Director
3.Mrs. Bhagyashree KhandwalaMemberNon-Executive Director

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Terms of Reference

  1. oversight of the Company’s financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible.
  2. recommendation for appointment, remuneration and terms of appointment of auditors of the Company.
  3. approval of payment to statutory auditors for any other services rendered by the statutory auditors.
  4. reviewing, with the management, the annual financial statements and auditor’s report thereon before submission to the board for approval, with particular reference to.
    A. matters required to be included in the director’s responsibility statement to be included in the board’s report in terms of clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013.
    B. changes, if any, in accounting policies and practices and reasons for the same.
    C. major accounting entries involving estimates based on the exercise of judgment by management.
    D. significant adjustments made in the financial statements arising out of audit findings.
    E. compliance with listing and other legal requirements relating to financial statements.
    F. disclosure of any related party transactions.
    G. modified opinion(s) in the draft audit report.

Stakeholders Relationship Committees Committees Committees

Terms of Reference

SR No.Name of MembersDesignationCategory
1.Mr. Homiar N. VakilChairmanNon-Executive Independent Director
2.Mr. Kalpen ShuklaMemberNon-Executive Independent Director
3.Mr. Paresh KhandwalaMemberManaging Director

The terms of reference of the Committee are to deal with matters relating to transfer/transmission of shares and monitors redressal of complaints from shareholders relating to transfers, non-receipt of balance sheet, non-receipt of dividend, etc. with a view to expediting the process of share transfers, the Chairman of the Audit Committee and Secretary is authorized to approve transfers/transmission of shares.

Nomination & Remuneration Committees Committees Committees

SR No.Name of MembersDesignationCategory
1.Mr. Kalpen ShuklaChairmanNon-Executive Independent Director
2.Mr. Homiar N. VakilMemberNon-Executive Independent Director
3.Mrs. Bhagyashree KhandwalaMemberNon-Executive Director

Terms of Reference

  1. To form criteria for determining qualifications, positive attributes and independence of a director and recommend to the board of directors a policy relating to, the remuneration of the directors, key managerial personnel and other employees.
  2. To form criteria for evaluation of performance of independent directors and the board.
  3. To devise policy on diversity of board of directors.
  4. To identify persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down and recommend to the board of directors their appointment and removal.
  5. To extend or continue the term of appointment of the independent director, on the basis of the report of performance evaluation of independent directors.
  6. To carry out performance evaluation of all directors.

Bank Account

Important Documents

Corporate Announcements

Annual Reports

AGM Voting Results

Shareholding Patterns

Financial Reports

Policy & Others

Investor Charter

EGM

Postal Ballot

FAQ

  • The Regulatory Framework for IPOs is broadly contained in the following Acts, Rules and regulations:
  • The Companies Act 2013
  • The Companies (Prospectus and allotment of Securities) Rules 2014
  • The Companies (Shares Capital and Debentures) Rules 2014
  • The Securities Contracts (Regulations) Act 1956
  • The Securities Contracts (regulation) Rules 1957
  • The Securities and Exchange Board of India (Issue of capital and Disclosure Requirements) Regulations 2018
  • The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015
  • The Depositories Act 1996
  • The Securities and Exchange Board of India (Depositories and Participants) Regulations 1996
  • The Foreign Exchange Management Act 1999
  • Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000
    FDI policy

The above list is not exhaustive and there are some other regulations which are required to be complied with while coming out with an IPO.

ELIGIBILITY NORMS FOR MAIN BOARD IPOs

  • Issuer has net tangible assets of a minimum Rs. 3 crore in each of the preceding 3 full years (of twelve months each), and not more than 50% of these tangible assets are held in monetary assets. In case more than 50 % are held in monetary assets, the issuer has made firm commitment to utilize such excess assets in its business or project. However such limit of 50% shall not apply in case offer for sale.
  • Issuer has a minimum average pre-tax operating profit of Rs. 15 Crore, ascertained on a restated and consolidated proposal, during three out of the preceding 5 years.
  • If issuer has changed its name within the last 1 year, at least 50% of the revenue has been earned from the activity indicated by the new name in the preceding 1 year.
  • The gross value of the proposed issue and all previous issues made during the financial year does not exceed five times the pre issue net worth stated in the audited balance sheet of the previous financial year.

OR
In case the issue is made through book-building, the issuer undertakes to allot at least 75 % of the net offer to qualified institutional buyers and to return the full subscription money if it fails to make this allotment.

Following guidelines are provided under Chapter IX of SEBI (ICDR) Regulations 2018

PARTICULARS

  • Post issue paid up capital
  • Filling of draft offer documents to SEBI
  • Observation of SEBI on Offer Documents
  • Final Offer Documents filled to SEBI
  • Underwriting of Issue
  • Merchant Banker obligation for underwriting
  • Minimum number of allottees
  • Minimum application value
  • Market Making
  • Migration to SME platform
  • Migration to main board (Optional)
  • Migration to main board (Compulsory)

 

REQUIREMENTS

  • Not more than Rs. 25 crore
  • Not required
  • Not required
  • Yes
  • 100% Underwritten
  • At least 15%
  • At least 50
  • At least of Rs. 1,00,000
  • Compulsory for 3 years
  • Special Resolution by postal ballot
    If Rs. 25
  • Crore>Capital > Rs. 10 Crore & SR of shareholders
  • Capital is more than Rs. 25 Crore

NSE- Emerge

  • Post issue paid up capital is less than Rs. 25 Crore
  • Positive Cash accruals or PBDT for 2 out of 3 preceding years
  • Track record of at least 3 Years.
  • Net worth should be positive

 

BSE/SME

  • Net Tangible assets of at least 3 Crore
    Positive Net-worth
    Track record of 3 Years or should have been funded by Loan/Equity by Banks/ Financial Institution or Central/State Government
    The post-issue paid up capital of the company (face value) shall not be more than Rs. 25 crores.
    Group Company has been listed for 2 years on Main Board or SME Board
  • Promoters, promoter group or persons in control of the issuer or directors are not debarred from accessing the capital market by the SEBI or related to any other company restricted under the directions of SEBI from accessing the capital market.
  • Issuer has entered into an agreement with a depository for dematerialisation of securities proposed to be issued or already issued.
  • Firm arrangements have been made through verifiable means for 75% of the stated means of finance, except the existing internal accruals or proposed to be raised through public issue.

Minimum post issue capital should be more than Rs. 10 Crore. In addition, the SME IPO norms are also applicable.

 
 
S.NoMain Board IPOSME IPO
1Post Issue Capital more than 10 CrorePost Issue capital should not exceed Rs. 25 Crore.
2IPO Grading is mandatoryNA
3Minimum no. of allottees 50Minimum no. of allottees 50
4Minimum Application Value is Rs. 10000-15000Minimum Application Value is Rs. 100000/-
5Underwriting of issue is optional.100% underwritten issue.
6Offer document is filed to SEBI for Vetting.Offer document is filed to Stock Exchange for Vetting.
7No requirement of market making.Market making is compulsory.

CCV provides full-fledged services for businesses seeking to list on stock exchange under Main Board & SME IPO. Our professional team prepares all the documents including the prospectus, files the applications, helps in acquiring investors to raise capital, and all related activities for submission of your company to the stock exchange in the shortest time. We follow a proven approach to cope with the market challenges and help companies adjust to the public infrastructure.

Phase I : Pre IPO Preparatory Assistance

Phase II : Due Diligence

Phase III : Valuation / Issue Pricing

Phase IV : Prospectus and Other Documents

Phase V : Issue Management

Phase VI : Post IPO Closure Assistance

About Us
SEBI Merchant Banker Registration No.: INM000013378
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Megha Bansal

Compliance Officer

Megha Bansal leverages her in-depth understanding of regulatory compliance to support Value Square Capital Private Limited’s Merchant Banking activities. Her experience ensures seamless adherence to SEBI regulations and stock exchange requirements throughout the deal lifecycle.

Key Strengths for Merchant Banking:

  • Regulatory Expertise: Megha possesses a proven track record of ensuring compliance with complex financial regulations, including SEBI and stock exchange requirements. This is crucial for navigating the intricacies of Merchant Banking transactions like IPOs.
  • Corporate Governance: Her experience in managing corporate governance practices aligns with the high standards expected during IPO processes.
  • Strong Communication: Megha’s experience managing shareholder communications and organizing key meetings translates to effective communication with investors and regulators during Merchant Banking engagements.

Highlights from Prior Roles:

  • As Compliance Officer at Sunshine Capital Limited, Megha directly dealt with SEBI and stock exchange regulations, demonstrating her ability to navigate the complexities relevant to Merchant Banking.

Kamal Ahuja

Senior Vice President

Kamal Ahuja is a seasoned Merchant Banker with over 20 years of experience, currently serving as the Senior Vice President at Value Square Capital Private Limited. He brings a proven track record of success in managing the firm’s merchant banking practice, valuations, and corporate advisory services, ensuring seamless compliance with SEBI and stock exchanges.

Key Strengths in Merchant Banking:

  • IPO Advisory: Kamal possesses extensive expertise in guiding companies through the IPO process, from financial preparation to regulatory navigation.
  • Transaction Expertise: His experience encompasses mergers, acquisitions, and buybacks, advising clients on strategic transactions to achieve their financial goals.
  • Debt Financing: Kamal has a strong background in debt syndication, structuring debt solutions to meet client requirements.
  • Regulatory Compliance: He ensures adherence to SEBI regulations and stock exchange requirements throughout the engagement.

Proven Experience:

  • Kamal’s prior role at MRKS & Associates involved specializing in IPO advisory, highlighting his in-depth understanding of the public offering process.
  • His experience at Indiabulls Securities further strengthens his expertise in deal structuring and navigating complex financial transactions.

Praveen Kaushik

Professional Experience

Praveen is a seasoned financial executive with over 13 years of experience, specializing in Merchant Banking and guiding companies through the complexities of Initial Public Offerings (IPOs). His proven track record demonstrates a consistent ability to unlock value for clients across various sectors.

Key Strengths:

  • IPO Expertise: Praveen possesses extensive knowledge in navigating companies through the IPO process, ensuring a smooth and successful public offering.
  • Merchant Banking Acumen: He leverages his financial expertise and business acumen to advise clients on strategic transactions, mergers, and acquisitions.
  • Cross-functional Leadership: Praveen thrives in leading multi-disciplinary teams, fostering collaboration to achieve optimal outcomes for clients.

Additional Qualifications:

  • Chartered Accountant (CA)
  • Registered Valuer with Insolvency & Bankruptcy Board of India (IBBI)