01 · Founders · marquee
The Maharani Horse
A silver-plated Maharani Horse, hand-finished, with personalised packaging bearing the ticker and listing date. The statement piece that sits on the founder's desk for the next decade.
IPO Commemorative · By Commissionउद्घाटन
IPO commemorative gifts. The deal toy for the day the ticker first prints.
An IPO commemorative — the deal toy, or tombstone, that marks a closed listing — is best made in silver, not acrylic. We hand-finish silver-plated Maharani Horses, Vishal Photo Frames, and Darpan Table Mirrors for founders, bankers, and the board, with personalised packaging bearing the ticker, the date, and the names that carried the file across the line.
₹3,500+
Per piece · entry
8
Minimum · founder run
21
Days · lead time
999
Pure silver · hallmarked
Working format
Numbered Edition
Ticker · date · signed
For BSE / NSE listings · NCR & Mumbai
01 · The IPO case for silver
What is a deal toy, and why make it in silver?
A deal toy is worth making in silver for one reason: a listing is the rarest day in a company's life, and most founders only get one. The Lucite tombstone, the acrylic ticker, the bell-photograph, the framed prospectus — these end up in a storeroom inside six months. A silver-plated Maharani Horse with personalised packaging bearing the ticker, or a Vishal Photo Frame with the listing photograph and date — these sit on the founder's desk the day after, and the year after, and the decade after.
The IPO commemorative also serves a second purpose: it physicalises the syndicate's effort. The bankers, the counsel, the CFO who didn't sleep for six weeks, the anchor investor who took the first cheque. A silver-plated Regal Photo Frame with the listing photograph, the ticker personalised across the packaging — this is the gift that the recipient brings to the next IPO they work on, and keeps on the desk while they do.
The arithmetic is unusually clean. A founder-tier Maharani Horse or Jaipur Polo Horse Duo is a lasting asset, not a consumable. The craft is the part the recipient keeps. And the range per piece — from ₹3,500 to ₹75,000 across the three tiers — sits comfortably under the listing-day catering line.
The same thinking runs through our C-suite commissions and board mementoes. When the founder wants solid, hallmarked metal rather than silver plate, we make the tombstone as a pure silver 999 edition instead.
999/1000
Pure silver
999
Hallmarked
NDA
On request
02 · Recommended pieces
Six pieces. Three tiers. One listing day.
Most IPO briefs settle on three of these — one for the founders' ring, one for the banker desk, one for the wider listing-day team.
02 · Banker · syndicate
The Vishal Photo Frame
A silver-plated Vishal Photo Frame with personalised packaging featuring the exchange seal, ticker, and listing date, framing the listing-day photograph. For the bookrunners and the underwriting desk.
03 · Board · listing keepsake
The Regal Photo Frame
A silver-plated Regal Photo Frame with personalised packaging featuring the listing certificate details, framing the board photograph from listing day. For board members and independent directors who carried the file across the line.
04 · CXOs · considered
The Darpan Table Mirror
A silver-plated Darpan Table Mirror, hand-finished with the company logo on the packaging. A sophisticated desk piece, personalised packaging with the executive's name and tenure to listing.
05 · Listing-day team
The Elephant Duo T Light
A silver-plated Elephant Duo T Light holder, hand-finished, gift-boxed with personalised packaging featuring the team member's name. For the wider operations, finance, and legal desks.
06 · Anchor investor · thank-you
The Jewellery Box
A silver-plated Jewellery Box with personalised packaging featuring the company crest and the anchor order date monogrammed inside. Quietly given, quietly kept — the thank-you to whoever wrote the first cheque.
03 · How we work
Six weeks to the bell. Five steps. One ticker on the underside.
IPO briefs go through the founder, not a relationship manager. That's the only way the work stays this confidential.
Start a confidential brief- Week −6
Confidential brief
WhatsApp the founder directly. NDA on request before names or the ticker are shared. Twenty minutes covers listing window, team rings, budget envelope.
- Week −5
Three sketches
We present three directions for each tier — from statement pieces like the Maharani Horse to silver-plated photo frames. No CAD renders; we want you reacting to the concept.
- Week −4
Weight & quote
Itemised quote against the day's silver rate. Quotes lock for 21 days; we re-quote freely if the listing date slips.
- Week −2
Bash sample & packaging proof
Sample piece for the founder tier, bash sample for the team gifts, digital proof of every personalised packaging plate.
- Listing morning
Hand delivery
Hand-carried to the exchange, the office, or the offsite. We've delivered to the NSE Bandra Kurla podium at 8 AM more than once.
04 · Price bands
Three tiers. One listing day. A clean ring around each.
Pricing is weight-linked against the day's silver rate. Quotes lock for 21 days. GST extra.
Listing-day team
₹3,500 – ₹8,000
Elephant Duo T Lights, Swan Napkin Holders, Kamal Bowls — each with personalised packaging featuring the ticker and date. For finance, ops, legal, and the wider listing-day desk.
Minimum40 pieces
Syndicate desk
₹8,000 – ₹25,000
Vishal Photo Frames, Darpan Table Mirrors, Regal Photo Frames — with personalised packaging featuring listing details. For the bookrunners, counsel, the board, and the CXOs.
Minimum10 pieces
Founders' ring
₹15,000+
Maharani Horse, Jaipur Polo Horse Duo, Regal Wall Mirror — with personalised packaging. Statement pieces for founder, co-founder, CFO, and the chair.
Minimum4 pieces
05 · Lead-time planner
Six weeks to the bell. Three at a push.
Every piece is hand-finished, not mass-produced. A rushed IPO commemorative looks rushed; we don't ship those.
Week 1
Brief & sketches
NDA, listing window, sketches across three tiers.
Week 2
Quote & sample
Itemised quote, sample piece for the founder-tier selection.
Week 3
Production
Silver-plated pieces hand-finished, quality-checked, packaging personalised.
Listing wk
Personalise & dispatch
Final personalised packaging pass after SEBI nod. Hand-delivery to the exchange.
42
Pieces · 38 days · NSE listing
06 · Case study · 2024
“The founder kept his on the desk. The bankers asked for spares.”
A consumer-tech listing on the NSE in late 2024. Forty-two pieces across three tiers — six Maharani Horses with personalised ticker packaging for the founders and the CFO, sixteen Vishal Photo Frames for the syndicate desk, twenty Elephant Duo T Lights for the wider listing-day team. Hand-delivered at the Bandra Kurla podium at 8:30 that morning.
The founder's piece — number one of six, with the opening price added to the packaging that evening — came back to us in a single line via WhatsApp the next week. “The founder kept his on the desk. The bankers asked for spares.” The spares went out the following month.
₹12,000
Per piece avg
38 days
Brief to bell
Custom
Founder's piece
07 · Frequently asked
The questions that come up before a listing-day brief.
NDA on file before any names are exchanged. The founder takes the WhatsApp.
A deal toy — also called a tombstone — is the commemorative object that marks a closed deal or a completed listing. On banking and syndicate desks it has traditionally been a Lucite or acrylic block engraved with the ticker, the exchange, and the closing date. An IPO commemorative in silver is the same idea, made to last: a silver-plated Maharani Horse or Vishal Photo Frame with personalised packaging carrying the ticker, the listing date, and the exchange (BSE / NSE / both). It sits on the founder's desk for a decade rather than in a storeroom within six months.
IPO commissions · by appointment
The founder takes the brief. The karigar makes the piece. The ticker prints.
Confidential, numbered silver for listing day. NDA on request before any names are exchanged.