Independent Chartered Engineer Certificate for IPO
By Harihar S, Chartered Engineer & IBBI Registered Valuer
What Is a Chartered Engineer Certificate for an IPO?
When a company files a Draft Red Herring Prospectus (DRHP) with SEBI for an IPO, one of the mandatory requirements is a Chartered Engineer (CE) certificate verifying the fixed assets of the company. Yet many companies, and even their merchant bankers, are unclear on exactly what this entails, who qualifies, and how long it takes.
Who Qualifies as a Chartered Engineer for IPO Purposes?
Only an individual registered as a Chartered Engineer with the Institution of Engineers (India) can issue this certificate. It is an individual, not a firm-level, credential. Axium's partners hold Chartered Engineer status and issue these certificates as part of Axium's IPO due diligence support.
What Does the CE Certificate Cover?
It verifies the company's fixed assets, production process, plant layout, asset condition and capital asset register as part of SEBI's ICDR due diligence requirements ahead of a Draft Red Herring Prospectus filing. This work often pairs with our full IPO and capital markets valuation services.
Why Axium
Axium's partners hold Chartered Engineer status and issue certificates as part of Axium's IPO due diligence work, alongside the firm's IBBI Entity Registration (IBBI/RV-E/04/2021/144) for the Land & Building and Plant & Machinery asset classes. See Axium's full range of Chartered Engineer services.
Frequently asked questions
Who can issue a Chartered Engineer certificate for an IPO in India?
Only an individual registered as a Chartered Engineer with the Institution of Engineers (India) can issue this certificate. It is an individual, not a firm-level, credential. Axium's partners hold Chartered Engineer status and issue these certificates as part of Axium's IPO due diligence support.
What does a Chartered Engineer certificate cover in an IPO?
It verifies the company's fixed assets, production process, plant layout, asset condition and capital asset register as part of SEBI's ICDR due diligence requirements ahead of a Draft Red Herring Prospectus filing.
Partner with Axium for expert valuation services
Have questions first? Call +91-8939-891329
Not ready yet? Browse our Resources for guides on IBBI registration and fee schedules.