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Practical guides on SME IPOs, SEBI compliance, valuations, and corporate governance, written by advisors who have done this, not just written about it.
Private Limited vs Public Limited: When Should You Convert?
Converting to a public limited company is a legal prerequisite for an IPO, not the listing itself. Here's what actually changes, what it costs, and when Nykaa's own conversion shows the timing matters.
Red Flags in SME IPOs
Oversubscription numbers hide more than they reveal. From mismatched cash flow to related-party transactions and the promoter behaviour SEBI keeps flagging, here are the warning signs a candid SME IPO review should catch before you invest.
The Investor You Choose Can Be More Important Than the Money You Raise
Promoters obsess over valuation and dilution, but the rights, time horizon and networks an investor brings can matter just as much. Why Investor–Business Thesis Fit deserves the same diligence as the cheque itself.
Why Promoters Should Start IPO Planning 2 Years in Advance
Going public is a two-year rehearsal, not a paperwork sprint. Why the pre-IPO runway exists, what SEBI actually checks for, and the governance work that turns a growth story into a credible one.
Why Profitable Companies Still Fail IPO Preparation
Nearly 37% of SME IPOs closed below issue price on debut in 2025. Revenue and profit alone don't make a company IPO-ready. Governance, transparency, and internal controls are what investors actually price in.
Respect for Capital: A Lesson Every Entrepreneur Must Learn By Dr. Rakesh Doshi
A blunt lesson from Morgan Stanley Asia's Ridham Desai on why some companies earn premium valuations and others don't: respect for capital.
Planning for your IPO?
Six questions every founder must answer about capital efficiency before taking their company to IPO.
Why Serious Entrepreneurs Must Understand Leverage
Debt isn't the enemy, undisciplined debt is. Why understanding leverage separates entrepreneurs who scale from those who stay small.
SME IPO vs Main Board IPO, which path fits you?
| SME IPO (NSE Emerge / BSE SME) | Main Board IPO | |
|---|---|---|
| Best suited for | Smaller, growing companies | Larger, established companies |
| Eligibility | Lighter thresholds, post-issue paid-up capital up to ₹25 Cr | Higher thresholds for profitability, net worth and capital |
| Typical issue size | Smaller issues | Larger issues |
| Investor base | Retail & HNI participation with mandatory market making | Broad institutional and retail participation |
| Path forward | Can migrate to the Main Board as the company grows | Direct access to the widest market |
Not sure which applies to you? Book an IPO Readiness Call and we’ll help you choose.
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