IPO Readiness
Assess eligibility, governance, financial reporting, cap table structure, and disclosure preparedness for a Main Board IPO under SEBI ICDR norms and exchange expectations.
S45 helps growth-stage Indian companies prepare for and execute Main Board IPOs with a structured, AI-led process spanning readiness, DRHP drafting, pricing, distribution, and post-listing support. Built for founders, CFOs, and boards navigating SEBI ICDR requirements, institutional investor expectations, and NSE or BSE listing milestones with greater speed, visibility, and control.

Comprehensive advisory covering readiness, filing, bookbuilding, investor access, and post-listing support for Indian Main Board IPOs.
Assess eligibility, governance, financial reporting, cap table structure, and disclosure preparedness for a Main Board IPO under SEBI ICDR norms and exchange expectations.
Coordinate data room setup, DRHP and RHP drafting, SEBI query management, exchange coordination, demat readiness, and core compliance work required before launch.
Build valuation ranges, map investor demand, coordinate anchor allocation, support bookbuilding, and manage QIB, NII, and retail distribution strategy across the issue.
Develop a pre-mandate demand view covering likely subscription patterns, anchor targeting, roadshow priorities, and investor cohort appetite before full engagement begins.
Support newly listed companies with investor relations planning, liquidity strategy, institutional outreach, and follow-on capital market readiness after listing.
Run the full Main Board programme from mandate through listing, aligning readiness, drafting, pricing, distribution, and aftermarket support in one workflow.
S45 combines IPO readiness, drafting, regulatory coordination, pricing support, investor mapping, and post-listing strategy in one connected Main Board advisory model. For Indian companies targeting NSE or BSE, that means fewer workflow gaps, earlier issue spotting, and clearer visibility across SEBI-facing documentation, institutional demand building, and listing preparation from mandate to market.

Track record and founder references that reflect disciplined IPO execution across Indian public markets.
S45 is built to reduce execution risk and improve visibility across the IPO journey.
AI-led workflows reduce document chaos and surface readiness gaps before formal diligence begins.
Built for Indian companies navigating SEBI ICDR rules, NSE/BSE processes, and institutional investor scrutiny.
Mapped access to 50,000+ investor cohorts supports sharper demand planning and distribution strategy.
Mandates can move quickly, with DRHP-ready workstreams accelerated when issuer data is clean.
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.
End-to-end Main Board IPO advisory typically covers readiness assessment, eligibility review, governance and disclosure preparation, DRHP and RHP drafting support, SEBI and exchange coordination, pricing strategy, investor demand mapping, anchor planning, bookbuilding support, and post-listing investor relations. At S45, these workstreams are connected through one operating model so founders, CFOs, and boards have clearer visibility from pre-filing preparation through listing and aftermarket execution.
Speak with S45 for a focused Main Board advisory discussion.
Works with Category-I SEBI-registered merchant banker
Modern workflow built for disciplined execution
Mapped access across major investor cohorts
Share your stage, timeline, and listing goals. S45 will review fit, readiness priorities, and the most relevant next steps for your company.
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.