IPO Readiness
Assess listing eligibility, governance, disclosures, financial readiness, and structural gaps before drafting begins, helping issuers enter the DRHP process with cleaner data and fewer avoidable delays.
S45 helps Indian companies prepare, draft, and file DRHPs with a structured, AI-led process built for SEBI-facing execution. From readiness checks and data room setup to disclosure drafting, query tracking, and filing coordination, we help founders, CFOs, and company secretaries move faster with cleaner documentation and fewer last-minute surprises in India's IPO market.

End-to-end support for readiness, drafting, regulatory coordination, and filing workflows for Indian IPO issuers.
Assess listing eligibility, governance, disclosures, financial readiness, and structural gaps before drafting begins, helping issuers enter the DRHP process with cleaner data and fewer avoidable delays.
Prepare core offer document sections including business, risk factors, MD&A, governance, and financial disclosures with evidence-linked workflows designed for cleaner version control and faster review cycles.
Coordinate filing workflows, query tracking, due diligence inputs, exchange selection, and post-observation updates so issuers can manage SEBI-facing execution with greater clarity and accountability.
Convert DRHP inputs into updated RHP documentation after observations, aligning revised disclosures, compliance items, and supporting materials across advisors and internal stakeholders.
Support DRHP and filing requirements for NSE and BSE Main Board issues, including broader disclosure depth, institutional readiness, and multi-party coordination across the IPO process.
Handle SME-specific drafting and filing requirements for NSE Emerge and BSE SME issues, including platform disclosures, market maker coordination, and listing pathway planning.

We begin with an IPO readiness assessment covering eligibility, governance, financial reporting, cap table issues, demat readiness, and disclosure gaps. For Indian issuers targeting Main Board or SME routes, this helps identify SEBI ICDR issues early before drafting starts.
Track record built on disciplined IPO execution, faster workflows, and measurable market outcomes.
S45 combines IPO execution experience with AI-led workflows built for disciplined filing.
Connected drafting and tracking reduce document chaos across Indian IPO filing teams.
Mandates can move quickly, with DRHP-ready workflows built for faster preparation cycles.
Mapped investor coverage supports stronger coordination beyond filing into pricing and distribution.
Built to respect SEBI-facing processes with structured ownership, evidence, and cleaner disclosures.
Founders with operator and capital markets experience.

Founder
Deepank is the Founder of S45, an AI native investment bank focused on closing the capital markets gap for India's best emerging businesses. He works with founders who have built real, scalable companies and helps them access structured capital and public markets with clear, disciplined execution.He brings over 14 years of experience across investment banking, private equity, quick commerce, fintech, supply chain and actuarial sciences, with operating and investing roles at Blinkit, 1mg, BNP Paribas and Alcazar Capital. Before S45, he built a fintech platform that raised 5 million dollars in seed funding and grew into a meaningful wealth tech and structured finance business, which ultimately evolved into the S45 mission.Having scaled one of his ventures 10x to 60 million dollars in ARR, he has seen how strong fundamentals can still be held back by a lack of fit with traditional capital. Too operational for new age venture capital, too early for large institutions and unwilling to over dilute for private equity. Those constraints shaped his view on how capital should work for founders, not the other way around. At S45, his focus is on empowering 1,000 entrepreneurs over the next few years with the capital, strategic guidance and operating support they need to grow into India's next generation of resilient, high growth, blue chip companies.

Founder
Pankaj is the Co-founder of S45, bringing over two decades of experience in capital markets, merchant banking and corporate advisory. A Company Secretary by training, he began his career at Dolphin Laboratories before moving into merchant banking at Microsec India Limited in 2003, where he developed a deep specialization in public markets and corporate transactions. Over his 22 year career, he has helped lead more than 16 main board IPOs, executed over 25 takeovers and managed rights issues, buybacks, mergers and demergers across multiple sectors. He has worked closely with some of East India's most prominent listed companies, including Ramkrishna Forgings, Rupa, Emami, Haldia Petrochemicals and Centuryply, guiding them through key phases of growth and market expansion. In his most recent role, Pankaj was part of the investor relations team at Shyam Metallics and Energy Limited, gaining firsthand insight into how large corporates think about strategy, capital allocation and sustained market performance. Having seen both the decisions that create lasting value and the missteps that hold companies back, he has built a strong track record in advising mid sized businesses on capital raising, M&A and long term value creation. At S45, he focuses on guiding founders through strategic growth initiatives, identifying acquisition opportunities and opening access to India's public markets. He brings a deep belief in empowering high potential entrepreneurs and is committed to reshaping the capital markets journey for India's small and mid sized enterprises.

Founder
Aman is the Co-founder of S45, where he focuses on investing in and scaling high growth businesses. His work sits at the intersection of capital, strategy and operations, helping founders move from early traction to durable, compounding growth. He began his entrepreneurial journey while still at IIT Delhi, founding SayF in his pre final year and growing it into a venture backed company with a multi million dollar business footprint. After SayF, he worked directly with the founders of a Bay Area SaaS startup backed by Khosla Ventures, leading strategic and growth initiatives across product, sales and operations. His experience spans fintech, consumer technology and enterprise SaaS, with a focus on building from zero to one and then scaling with discipline. Having built and advised companies through fundraising cycles, product pivots and execution challenges, Aman has developed a clear understanding of capital efficiency, growth levers and what it takes to build resilient businesses. Growing up in an Indian Army household shaped his approach to work, with a strong bias for action, adaptability and resilience. At S45, he works closely with founders to refine strategy, unlock new growth opportunities and navigate fundraising with confidence. With firsthand experience as a founder, he focuses on helping entrepreneurs build enduring, purposeful companies with long term value. Outside of work, he enjoys travelling, meeting interesting people and spending time with long form essays and non fiction.
The DRHP is typically prepared by the issuer company in coordination with the lead manager or merchant banker, legal counsel, auditors, and internal leadership such as the CFO and company secretary. S45 supports this process through readiness assessment, structured drafting, document collection, disclosure coordination, and workflow management, while execution is carried out in partnership with the regulated lead manager where required.
Speak with our team about readiness, drafting, and filing workflows.
Executed with regulated lead manager support
Technology-led IPO execution workflow
50,000+ mapped investor network
Share your IPO stage, target listing route, and current documentation status. We'll review readiness, drafting needs, and the next steps for a disciplined filing process.
For immediate assistance, feel free to give us a direct call at +91 95879 52454.
For immediate assistance, feel free to give us a direct call at +91 95879 52454.