Our Services

SEBI Preferential Allotment Advisory

Preferential allotments are a fast, flexible route for listed Indian companies to raise primary equity from identified investors. They are also heavily regulated — pricing under SEBI ICDR Reg. 164, in-principle approvals from the stock exchanges, LODR disclosures, shareholder-approval mechanics and post-allotment compliances, listing and trading approvals, can derail a transaction that should otherwise close in 6–8 weeks.
Transique delivers end-to-end preferential-allotment advisory: valuation / pricing analysis and report, BSE / NSE in-principle approval filings, approvals and listing of the new shares.

When you need us

Your listed company is raising primary equity via preferential allotment.
You need Regulation 164 pricing analysis — Fair value and minimum-price computation (26-week or 2-week VWAP higher of) and recent-price-sensitivity analysis.
You are issuing convertible instruments (CCDs, preference shares, warrants) under the preferential-allotment route.
You are a promoter group undertaking a preferential infusion to strengthen the balance sheet.
You received a SEBI / stock-exchange observation on a prior preferential issue and need remediation or response.

What we deliver

Regulation 164 pricing analysis and justification memorandum.
Stock-exchange in-principle approval filings (BSE / NSE) and query response.
Assessing investor eligibility and guidance on entire process
Obtaining Stock Exchanges (NSE/BSE) listing and trading approvals.

Our approach

Transaction scoping. Subscriber identification, pricing strategy, timeline.
Preferential allotment Valuationand Pricing advisory
Analysisand advisory on Board Approvals, EGM Notices and explanatory statement; Shareholder approval and postal ballot coordination.
Compliances under LODR, Takeover Regulations,and Insider Regulations.
Exchange approvals. BSE / NSE in-principle filings; query response.
Obtaining timely Listing and Trading Approvals for new shares.

Technical grounding

SEBI ICDR Regulations, Chapter V (preferential issue) — Regs. 160 to 167.
Pricing — Regulation 164 for frequently-traded and Regulation 164(1)(b) for infrequently-traded.
Lock-in under Regulation 167.
LODR Regulation 30 disclosures on board decisions and allotment.
PIT Regulations — trading-window closure
SAST /Takeover Regulation – limits of acquisition and warrant conversion .

Frequently asked questions

How long does a preferential allotment take from board meeting to allotment?

A clean preferential allotment typically closes in eight to ten weeks — board meeting to identify the issue, 21-day EGM notice period, post-EGM exchange approvals, allotment within 15 days of shareholder approval and finally listing and trading approval from stock exchanges. Warrant-linked structures with later conversion extend the post-closing cycle.

What is the most common exchange query?

In our experience: justification of the valuation, eligibility of investors are the most common exchange queries.

Can promoters participate in a preferential allotment?

Yes, subject to the lock-in requirements of Regulation 167 and other applicable provisions and also subject to limits under SEBI/takeover Regulation. Promoter participation often accompanies a broader fundraising that includes external investors; the pricing and disclosure implications are calibrated to the specific mix.

Is a preferential allotment viable as an alternative to a QIP?

Depends on the situation. QIPs target institutional investors through an accelerated process with no shareholder identification; preferential allotments target named investors with a 21-day shareholder-approval process. Transique advises on the trade-off and recommends the right instrument per situation.

Ready to Unlock Your Business Value?

At Transique Corporate Advisors, we specialise in guiding business owners, promoters, and CFOs through the SME IPO journey — from valuation to listing and beyond.

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