Pre-IPO funding
Pre-IPO funding and pre-IPO placements in India
Oogway Ventures raises pre-IPO capital for Indian companies preparing to list, from private equity funds, family offices and institutional investors. Led by Prakalp Lohiya, who managed a Category II AIF investing at the pre-IPO and IPO stage, we position the company, run a targeted placement and structure the round so it supports the listing.
What's included
What a pre-IPO raise with us includes
Investor targeting
PE funds, family offices and institutions that invest at the pre-IPO stage, for example ₹75 Cr from a PE or family-office investor.
Positioning
An equity story built for both the pre-IPO investor and the eventual IPO market.
Pricing
A valuation that rewards the pre-IPO investor without weakening the IPO.
Structuring
The instrument and terms, including planning for lock-in and other requirements that apply to pre-IPO shareholders.
Institutional pipeline
Relationships that can carry into the IPO itself.
Readiness alignment
Making sure the round fits the IPO readiness plan and timeline.
How we work
Pre-IPO funding with Oogway, in four steps.
- Step 1
Fit with the IPO plan
Size and timing that support the listing.
- Step 2
Position
Build the story for pre-IPO and public investors.
- Step 3
Place
Run a targeted process with suitable investors.
- Step 4
Close
Negotiate terms and close in line with listing requirements.
When you need it
When companies come to us for pre-ipo funding
- You plan to list within the next few years and need capital before then
- You want credible institutional names on the register ahead of the IPO
- You need to strengthen the balance sheet before filing
- Existing shareholders want partial liquidity before listing
Common questions
Pre-IPO funding: frequently asked questions
What is pre-IPO funding?
Pre-IPO funding is equity raised from private investors shortly before a company lists on a stock exchange. It is typically used to fund growth, strengthen the balance sheet and bring credible investors onto the shareholder register ahead of the IPO.
Who invests in pre-IPO rounds?
Private equity funds, Category II AIFs, family offices, high net-worth investors and institutions that want exposure before listing, usually in companies with a credible path to an IPO.
How is a pre-IPO round priced?
Usually at a discount to the valuation expected at listing, reflecting the risk that the IPO is delayed or priced lower. The discount depends on how close and how certain the listing is.
Are pre-IPO shares locked in after listing?
Shares held before an IPO are generally subject to a lock-in period after listing under SEBI regulations. The exact requirements depend on the shareholder and the type of issue, and should be planned when the round is structured.
Why raise pre-IPO instead of waiting for the IPO?
A pre-IPO round can fund growth that improves the company's IPO valuation, signals investor confidence to the market and reduces the amount that must be raised in the IPO itself.