CA Vanesh Kumar Nadar
Partner
FCA · LLB · B.Com · DISA (ICAI)
Capital Advisory
SME IPO & Fund Raising
Listing on the SME platforms of BSE and NSE, and the fund-raising routes available before and after it.
Overview
The SME platforms opened listing to companies that would never have reached the main board, and the eligibility conditions, migration path and post-listing obligations are genuinely different. The decision is rarely only about capital - it is about whether the business is ready to operate under continuous disclosure. We advise on both questions, and on the alternatives where listing is not the right answer yet.
What this covers
How we help
Eligibility assessment
Assessment against SME platform criteria on track record, net worth, promoter holding and governance.
Pre-IPO structuring
Capital restructuring, promoter holding and cap table preparation ahead of the issue.
Offer document support
Financial information, restated statements and disclosure support for the draft offer document.
Merchant banker coordination
Working alongside the lead manager, registrar, legal counsel and exchange through the process.
Fund raising alternatives
Private placement, preferential allotment, rights issue and debt routes where listing is premature.
Post-listing compliance
Continuous disclosure, periodic reporting and the obligations that follow admission.
Who leads this
Partner contact
Common questions
SME IPO & Fund Raising — questions we are asked
The SME platforms apply different eligibility thresholds, a smaller minimum issue size and a distinct set of continuous obligations, and the issue is generally underwritten with market making for a defined period. Companies listed on an SME platform may migrate to the main board once they meet the applicable criteria.
Sometimes not. A listing brings permanent disclosure obligations, dilution and cost, and it is a poor fit for a business whose reporting discipline is not yet stable. Where that is the position we will say so, and set out the private routes instead.
Related
More from Capital Advisory
IPO Readiness
The two-to-three years of work that has to happen before a company is fit to file - restatement, controls, governance and disclosure.
Learn more
Capital Structuring & Fund Raising
Capital structure, debt and equity raising, lender negotiation and the financial case that has to stand up to a credit committee.
Learn more
Transaction Advisory
Due diligence, valuation, mergers and acquisitions support for deals that have to survive scrutiny afterwards.
Learn more
Talk to us about sme ipo & fund raising
A short conversation is usually enough to establish whether this is the right route, and what it would involve.