Timelines for Chiripal IPO till filling of DRHP with SEBI and Stock Exchanges:

S.No Information/documents Timelines Responsibility

1 Kick off meeting for the IPO 2nd April 2018 Company
Management/Auditors/
BRLMs/Legal Counsel
2 Information and documents to 20th April 2018 Company
be provided as per the IPO checklist.
3 Consent from the lenders and Financial 25th April 2018 Company
institutions for the proposed IPO
4 Consent letters from the Customers and 25th April 2018 Company
clients whose names will be included in
the DRHP.
5 Pre-Marketing with selective QIBs 2nd May 2018 BRLMs
th
6 Circulation of DRHP along with pending 7 May 2018 Legal Counsel
documents. (Including Business and non-
business sections) except for MD&A
which will be circulated by Legal
Counsel on completing the restated
financials by the auditor
7 SEBI, stock exchange covering letter to 9th May 2018 Legal Counsel /BRLMs.
BRLMs for their confirmation
8 In-principle application and 9th May 2018 Legal Counsel.
checklist/documents to be filed with
Stock Exchanges.
9 Signed Auditor deliverables 9th May 2018 Company/BRLMs
10 Consent on Industry report 9th May 2018 BRLMs.
th
11 Comfort letter from the Auditor 9 May 2018 BRLMs/company/Auditor
12 Balance pending information/documents 11th May 2018 Company
from the Company for finalizing DRHP
13 Comments from all parties on the 15th May 2018 Company/BRLMs.
consolidated DRHP
14 SEBI ICDR check-list to BRLMs for 15th May 2018 Legal Counsel /BRLMs.
their confirmation
15 Draft version of the Ind AS restated 15th May 2018 Company/Auditor/
financials of the company for the last 3 BRLMs.
years (Standalone and Consolidated) and
2 years IGAAP restated financials for
previous period by Statutory Auditor of
the Company who is subject to Peer
Review Audit by ICAI.
16 Capital equipment quotations prior to Close to filing DRHP Company.
filing of DRHP.
17 Outstanding balances for the loans Close to filing DRHP Company
availed by the Company, date closure to
filing DRHP.
S.No Information/documents Timelines Responsibility
18 Passing of board and members Close to filing DRHP Company.
resolutions by the company
19 Final Drafting session for finalizing the 23rd May 2018 BRLMS/Company
DRHP and any other relevant
information.
20 Site visit 23rd May 2018 BRLMs/Company
21 Auditor Circle-ups 24th May 2018 Auditor/Company/
BRLMs
22 Bring-down due-diligence call with 24th May 2018 Company/BRLMs.
Company, Auditors and
Customer/Clients (if required)
23 Board meeting for approving DRHP 25th May 2018 Company
24 Filing of DRHP with SEBI and Stock 28th May 2018 BRLMs/Company
Exchanges.
25 Advertisement to be released on filing 29th May 2018 BRLMs/Company/
DRHP Ad agency.