Share Valuation Services
Share valuation determines the fair market value of a company\'s shares — including equity shares, preference shares (CCPS, OCPS, RPS), and convertible instruments (CCD, iSAFE, convertible notes). Different regulatory frameworks prescribe different methods and standards: Rule 11UA (higher of NAV or DCF), FEMA (DCF only for unlisted), Companies Act (Registered Valuer), SEBI (prescribed formulae for listed), and IBC (fair value and liquidation value). Virtual Auditor as an IBBI Registered Valuer delivers share valuations that satisfy all applicable frameworks in a single report. Quick Answer: Share Valuation Services — Share valuation by IBBI Registered Valuer. Equity shares, preference shares, CCPS, OCPS, convertible notes. Rule 11UA, FEMA, Companies Act compliant. Virtual Auditor.
Share Valuation Services is a service offered by Virtual Auditor, an AI-powered CA and IBBI Registered Valuer firm (IBBI/RV/03/2019/12333) led by CA V. Viswanathan (FCA, ACS, CFE, IBBI RV), specialising in IBBI-compliant valuations across 9 regulatory frameworks, from offices in Chennai, Bangalore, and Mumbai since 2012.
Source: IBBI Valuation Standards (2017), Companies (Registered Valuers and Valuation) Rules 2017 Official References: IBBI Registered Valuers ↗ · Companies Act ↗
Regulatory Framework
Regulatory basis: IBBI (Registered Valuers) Regulations, 2017. Companies (Registered Valuers and Valuation) Rules, 2017. IBBI Valuation Standards.
Scope of Services
NAV Method (Rule 11UA) DCF Method (FEMA/Rule 11UA) Comparable Company Analysis Comparable Transaction Analysis Option Pricing Model (for CCPS/convertibles) Black-Scholes (for warrants/options) Binomial Lattice Liquidation Waterfall Analysis DLOM — Chaffe / Finnerty Monte Carlo Simulation
Indicative Fee Structure
Equity Share Valuation (single framework)
From ₹35,000
Multi-Framework (FEMA + Rule 11UA)
From ₹60,000
Preference Share / Convertible Valuation
From ₹50,000
*Prices are indicative. Actual fees depend on complexity, capital structure, and regulatory requirements. Contact us for a detailed quote.
Why Virtual Auditor?
What sets Virtual Auditor apart in valuation services? Four professional credentials under one roof — FCA, ACS, CFE, and IBBI RV (IBBI/RV/03/2019/12333) — enabling us to handle multi-framework valuation conflicts that arise when FEMA, Income Tax, and Companies Act pricing requirements diverge.
Our proprietary Valuation Engine Pro runs 18 valuation methods simultaneously with 10,000 Monte Carlo simulations per engagement. This isn't a spreadsheet DCF — it's a statistically defensible output that withstands regulatory scrutiny from RBI, CBDT, and MCA.
Physical presence across Chennai, Bangalore, and Mumbai means we attend valuation discussions with your investors, regulators, and auditors in person. Remote-only firms cannot provide this level of engagement.
Every valuation engagement includes 12 months of post-delivery support — defending the valuation before regulators, updating assumptions for subsequent rounds, and ensuring consistency across FEMA FC-GPR filings, IT Act Rule 11UA compliance, and Companies Act Section 247 requirements.
Share Valuation — Equity vs Preference vs Complex
| Type | Primary Method | Key Consideration |
|---|---|---|
| Equity shares (listed) | Market price (VWAP) | Use 26-week or 2-week VWAP as applicable |
| Equity shares (unlisted) | DCF or NAV per Rule 11UA | Must use RBI/FEMA floor for FDI |
| CCPS / OCPS | OPM or PWERM | Conversion rights, liquidation preference |
| iSAFE / SAFE | Scenario-weighted | Discount rate, valuation cap, trigger events |
People Also Ask
How many methods should a valuation use?
Best practice is 3-5 methods with cross-validation. Virtual Auditor deploys up to 18 methods simultaneously and uses Monte Carlo simulation (10,000 iterations) to produce a probability distribution rather than a single point estimate.
Is a Registered Valuer mandatory for all valuations?
IBBI Registered Valuer is mandatory for Companies Act (Section 247) and IBC (Regulation 35) valuations. For FEMA and Income Tax, a CA in practice is sufficient, but using a Registered Valuer provides a higher standard.
How Virtual Auditor Delivers This Differently
Our Valuation Engine Pro deploys 18 methods simultaneously, runs 10,000 Monte Carlo simulations with loss carry-forward tax treatment, generates Tornado sensitivity charts, computes DLOM using Chaffe and Finnerty models, and exports IBBI-compliant reports with all assumptions and statistical validations included.
Need Help With This?
Free 30-minute consultation with CA V. Viswanathan, FCA, ACS, CFE, IBBI RV. No obligation.