Share issue expenses accounting

YThere is nothing wrong with what you want to do. You can offset when a standard permits you to. Usually during share forfeiture, all the gain will be transferred to capital reserves. Similarly, Adjust the total loss and transfer the excess loss to P&L. I am sure there will be no impact on tallying because total loss recognised in P&L account will reduce the equity and so does when total loss / partial loss recognised in securities premium reserves account and P&L. I’ll check out if there’s another treatment in IndAS later on

The FPO costs are allocated between issue and listing costs. The issue costs say 1000₹ are debited to equity and listing costs say 1000₹ are debited to OCI which again debited Reserves account by 1000₹. Cash/creditors accounts is credited by 2000₹. This is what has happened initially as I confirmed this from IFRS which was easy to find the material for.

You have to show true and fair view of equity at the beginning and at ending, so, 

By SPLOCI-PL loss 2,000

To Equity 1,000

To Reserves 1,000

if listing costs are applicable

This way, retained earning will be reduced and no other accounts while remeasuring the year end balances. I tried my best to find the IndAS for transaction costs reversals, but not prescribed for reversals. 

Or, one can even disclose the transaction costs and leave it off because Total equity had reduced anyways and one can’t recover that amount.

https://www2.deloitte.com/content/dam/Deloitte/in/Documents/audit/in-audit-ind-as-32-and-ind-109-financial-instruments-noexp.pdf

on page 18, the costs of equity transactions which are abandoned is expensed in profit and loss.