Initial Public Offering (IPO) Advisory & Solutions Services | IPO Consultant | IPO Advisory Firms
We are SME IPO consultant and SME IPO advisors! Traditionally Debt/loans used to be an instrument available to Companies to raise funds for business. However, there are certain costs such as marketing, logistics, research, a brand creation where debt option is not available.
Companies also opt for Venture Capital / Private Equity. However, performance pressure and stringent conditions make such investment unattractive for most of the businesses.
Therefore, Initial Public Offering (IPO) on Main board i.e. National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) is the ultimate solution. Now after the introduction of SME Stock Exchanges small IPOs like Rs.2 Cr are also possible. SME IPOs are quick (3 to 6 months) and comparatively cost effective than Main board IPOs. Such listing entitles Companies raised a good amount of money from the public without any repayment or commitment. Also, SME IPO does not require any permission from SEBI. Further after certain period and criteria, such Companies are allowed to migrate to Main Boards of BSE & NSE.
We provide following Services to Companies for IPO Planning :
Exploring IPO possibility and Valuation.
Capital Structuring
Short listing of Merchant Bankers & Other Intermediaries
Searching Suitable Key Managerial Personnel (KMP) such as Chief Executive Officer (CEO), Chief Financial Officer (CFO), Company Secretary (CS).
Guidance on searching Independent Directors.
Designing of Corporate Governance Policies& Other Policies
Co-ordination for Due Diligence
Co-ordination for SEBI Approval
Registrar of Companies Approvals
Peer Review Certification and Audit of Financial Statements as per SEBI Guidelines for IPO.
Restatement of Financial Statements as per SEBI Guidelines for IPO.
Certifications for IPOs
Convergence and Implementation of IND AS for listed and under listing Companies.
Statutory Audit and other audits for listed Companies.

ABOUT IPO’s
IPO Sizes
SME IPO size is Rs 1.50 Cr to 40.00 Cr in recent times. More than 200 Companies have listed on SME Exchanges. Main board IPO are usually on the higher side.
Suitable
SME IPOs listing is suitable for Companies with low turnover, less capitalization but the potential for high growth in near future. Upcoming companies, startups, e-commerce, technology companies, infrastructure, developers, agro focused companies are few of them.
Benefits of getting listed in the Stock Market

Reduction of debt burden
Fund-raising for Capital expenditure, expansion, new projects, M&A etc from Public.
Raise funds for activities such as marketing, research where debt is not available.
Liquidity to investors/share-holders without affecting the stability of the company
Listed companies generally find that the market perception of their financial and business strength is enhanced.
Listing raises a company’s public profile with customers, suppliers, investors, financial institutions and the media.
An initial listing increases a company’s ability to raise further capital through various routes like preferential issue, rights issue, Qualified Institutional Placements and ADRs / GDRs / FCCBs, and in the process attract a wide and varied body of institutional and professional investors.
IPO listing is also a great solution for companies struggling with succession planning and that have difficulty in getting acquired by another company. IPO listing also helps Companies to convert paper currency in currency. It can help to issue ESOPs and retain talent.
Tax Benefits of getting listed in the Stock Market
The sale of unlisted shares in short-term attract the capital gain tax up to 30% as applicable to the taxpayer and the long-term capital gain tax of 10% without indexation and 20% with indexation.
The sale of listed securities in the short term attract the capital gain tax of 15% and there is no long-term capital gains tax provided it has been subject to Share Securities Transaction Tax. This makes it clear that the listing of shares is a very attractive option for SMEs.
Eligibility criteria for listing on NSE Emerge Platform
The following criteria should be complied with as on the date of filing the Public Offer Document with NSE as well as when the same is filed with RoC and SEBI.
Parameter | Listing Criterion |
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Incorporation | The Issuer should be a company incorporated under the Companies Act 1956 / 2013 in India. |
Post Issue paid up Capital | The post issue paid up capital of the company (face value) shall not be more than Rs. 25 crore. |
Track record |
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Other Listing conditions |
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Disclosures | The following matters should be disclosed in the offer document:
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Eligibility criteria for listing on BSE SME Platform :
Parameter | Listing Criterion |
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Incorporation | The Company shall be incorporated under the Companies Act, 1956/2013 |
Financials |
Or
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Other Requirements |
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Disclosures | A certificate from the applicant company / promoting companies stating the following
a) ” The Company has not been referred to the Board for Industrial and Financial Reconstruction (BIFR).” Note: Cases where company is out of BIFR is allowed. b) There is no winding up petition against the company, which has been admitted by the court or a liquidator has not been appointed. |
Other Requirements
It is mandatory for a company to have a website.
It is mandatory for the company to facilitate trading in demat securities and enter into an agreement with both the depositories.
There should not be any change in the promoters of the company in preceding one year from date of filing the application to BSE for listing under SME segment.
Disclosures
A certificate from the applicant company / promoting companies stating the following
a) ” The Company has not been referred to the Board for Industrial and Financial Reconstruction (BIFR).”
Note: Cases where company is out of BIFR is allowed.
b) There is no winding up petition against the company, which has been admitted by the court or a liquidator has not been appointed.
Migration from BSE SME Platform to the Main Board
The companies seeking migration to Main Board of BSE should satisfy the eligibility criteria It is mandatory for the company to be listed and traded on the BSE SME Platform for a minimum period of two years and then they can migrate to the Main Board as per the guidelines specified by SEBI vide their circular dated 18th May 2010 and as per the procedures laid down in the ICDR guidelines Chapter X B.