What is included in IPO offer-related expenses?

Offer-related expenses refer to the costs incurred in connection with launching and managing an IPO. These expenses are typically covered from the IPO proceeds and are disclosed separately in the Objects of the Issue section of the prospectus to maintain transparency.

The main components include:

• Merchant banker and underwriting fees – Charges paid to lead managers and underwriters for managing the issue.
• Legal and advisory costs – Fees for legal counsel, compliance consultants, and due diligence services.
• Auditor and registrar fees – Payments to statutory auditors, registrars, and transfer agents handling investor applications and allotments.
• Printing, advertising, and marketing expenses – Costs related to the design, printing, and distribution of the offer document and promotional materials.
• Regulatory and listing fees – Payments made to SEBI, stock exchanges, and other regulatory authorities.