> For the complete documentation index, see [llms.txt](https://help.jurisphere.ai/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.jurisphere.ai/jurisphere-guide/handbook/capital-markets/overview.md).

# Overview

Capital markets work runs to public-facing timelines under SEBI's evolving regulatory framework. The volume of disclosure, the precision required, and the regulator interaction make the workstream demanding. Jurisphere ships pre-built [DRHP-section workflows](https://jurisphere.gitbook.io/jurisphere-guide/document-review/workflows-on-document-review). For serious filings, [Custom Workflows](https://jurisphere.gitbook.io/jurisphere-guide/creating-custom-workflows) uploaded from your firm's prior DRHPs adapt better because they replicate your firm's section structure, defined terms, and disclosure style.

## The shape of the work

A typical capital markets mandate moves from issuer due diligence through prospectus drafting, SEBI filings, marketing, pricing, and listing. 

* Diligence runs through [Auto-folderize](https://jurisphere.gitbook.io/jurisphere-guide/auto-folderize), [Parallel Review](https://jurisphere.gitbook.io/jurisphere-guide/parallel-review/overview-of-the-parallel-review-tool), and the [File Library](https://jurisphere.gitbook.io/jurisphere-guide/file-library/overview-of-the-file-library). 
* Prospectus drafting can start from the pre-built DRHP-section workflows or, for closer fit, from [Custom Workflows](https://jurisphere.gitbook.io/jurisphere-guide/creating-custom-workflows) built on the firm's prior DRHPs.
* SEBI engagement runs through [Research](https://jurisphere.gitbook.io/jurisphere-guide/research/overview-of-the-research-tool) with the live SEBI feeds and through the [Drafting Pane](https://jurisphere.gitbook.io/jurisphere-guide/drafting-on-document-review) for the question-by-question response to observations.
* Circle Ups will coordinate the multi-party review cycles that capital markets work depends on, bringing issuer counsel, BRLM counsel, and bankers onto a shared review surface as comments and observations move.

Pricing decisions, BRLM coordination, and the disclosure-judgement trade-offs sit with the issuer's counsel and the BRLM team.

## How the work moves

A mandate moves through the stages below. The detailed walkthrough — with the tools each stage uses and the call the lawyer still owns — is on the next page.

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><strong>Pre-Transaction</strong></td><td>Research applicable regulatory framework and structure the issuance.</td><td><a href="/pages/1e56e8461c5afe38c309eb7e487baf844b634d11#pre-transaction">/pages/1e56e8461c5afe38c309eb7e487baf844b634d11#pre-transaction</a></td></tr><tr><td><strong>Due Diligence</strong></td><td>Conduct legal due diligence on the issuer.</td><td><a href="/pages/1e56e8461c5afe38c309eb7e487baf844b634d11#due-diligence">/pages/1e56e8461c5afe38c309eb7e487baf844b634d11#due-diligence</a></td></tr><tr><td><strong>Drafting</strong></td><td>Draft the offer document (DRHP, RHP, Prospectus, Information Memorandum, Placement Document).</td><td><a href="/pages/1e56e8461c5afe38c309eb7e487baf844b634d11#drafting">/pages/1e56e8461c5afe38c309eb7e487baf844b634d11#drafting</a></td></tr><tr><td><strong>Negotiation</strong></td><td>Analyse comments from BRLMs, legal counsel, and SEBI on the offer document.</td><td><a href="/pages/1e56e8461c5afe38c309eb7e487baf844b634d11#negotiation">/pages/1e56e8461c5afe38c309eb7e487baf844b634d11#negotiation</a></td></tr><tr><td><strong>Compliance</strong></td><td>Verify SEBI ICDR / ILNCS / LODR compliance and prepare disclosure schedule.</td><td><a href="/pages/1e56e8461c5afe38c309eb7e487baf844b634d11#compliance">/pages/1e56e8461c5afe38c309eb7e487baf844b634d11#compliance</a></td></tr><tr><td><strong>Cross Border</strong></td><td>Analyse FEMA and FPI compliance for foreign investor participation.</td><td><a href="/pages/1e56e8461c5afe38c309eb7e487baf844b634d11#cross-border">/pages/1e56e8461c5afe38c309eb7e487baf844b634d11#cross-border</a></td></tr><tr><td><strong>Closing</strong></td><td>Generate and track conditions precedent and closing checklist.</td><td><a href="/pages/1e56e8461c5afe38c309eb7e487baf844b634d11#closing">/pages/1e56e8461c5afe38c309eb7e487baf844b634d11#closing</a></td></tr><tr><td><strong>Post-Listing</strong></td><td>Draft and analyse post-listing disclosures, takeover and buyback documents.</td><td><a href="/pages/1e56e8461c5afe38c309eb7e487baf844b634d11#post-listing">/pages/1e56e8461c5afe38c309eb7e487baf844b634d11#post-listing</a></td></tr></tbody></table>

{% hint style="success" %}
**The shape of the time saved.** An IPO is built across months of disclosure discipline. The audit trail of every diligence finding, every prospectus revision, and every SEBI response is the same audit trail that defends the deal if it is ever questioned.
{% endhint %}


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