Cost guide · ESOP Valuation
ESOP Valuation Cost in India
What does an ESOP valuation (Rule 11UA / FMV / 409A) cost in India? Detailed breakdown of valuation methods, ranges, and how often you need to refresh — for startups and growth-stage companies.
Cost breakdown
What it costs.
All cost heads — government, regulatory, advisory and ancillary. Transparent, with typical ranges.
- Rule 11UA Indian Income Tax valuation: ₹50,000 – ₹3,00,000 per valuation
- 409A US valuation (for Delaware C-Corp): $1,500 – $5,000 per valuation
- FMV valuation (FEMA, ICDR): ₹50,000 – ₹2,00,000
- NAV-based valuation (asset-rich businesses): ₹30,000 – ₹1,00,000
- DCF-based valuation (operating businesses): ₹1,00,000 – ₹5,00,000
- Annual refresh (if cap-table unchanged): ₹50,000 – ₹1,50,000
- Triggering event refresh (priced round, M&A): full valuation required
- Valuation report turnaround: 1–3 weeks for standard; 4–6 weeks for complex multi-method
- BQP ESOP valuation package (Rule 11UA + 409A combined): from ₹1,50,000
- Bulk pricing available for portfolio companies of PE/VC funds