IPO Readiness
Assess eligibility for NSE Emerge or BSE SME, review financial track record, governance maturity, demat readiness, statutory dues, promoter contribution, and route selection before mandate signing.
S45 helps Pune founders, promoters, and CFOs prepare for SME IPOs on NSE Emerge and BSE SME with AI-led readiness, disciplined drafting, pricing support, market maker coordination, and post-listing liquidity planning. Built for Maharashtra’s growth-stage manufacturing, technology, consumer, and services companies, our approach brings clarity, speed, and institutional execution to every step of the public markets journey.

End-to-end SME IPO advisory for readiness, filing, pricing, distribution, liquidity, and Main Board migration planning.
Assess eligibility for NSE Emerge or BSE SME, review financial track record, governance maturity, demat readiness, statutory dues, promoter contribution, and route selection before mandate signing.
Prepare structured DRHP workflows, data rooms, disclosure chapters, due diligence evidence, SEBI query tracking, ASBA/UPI readiness, ISIN allocation, and NSDL/CDSL demat coordination.
Build pricing frames using sector comparables, demand signals, subscription patterns, investor categories, roadshow planning, and live pricing discipline for SME issue execution.
Coordinate mandatory market maker shortlisting, appointment support, agreement structuring, lot grid modelling, liquidity simulations, and post-listing trading activity monitoring for SME platforms.
Map demand across QIB, NII/HNI, retail, and anchor cohorts using S45’s 50,000+ mapped investor network while maintaining pre-mandate confidentiality discipline.
Support investor relations, 30/90-day post-IPO engagement, liquidity monitoring, quarterly materials, institutional targeting, and SME-to-Main-Board migration planning after listing.

We begin with a focused AI-powered readiness review covering financial track record, profitability, governance, demat readiness, litigation, statutory dues, and NSE Emerge versus BSE SME suitability for Pune companies preparing for public-market scrutiny.
S45’s team has executed 26 IPOs since July 2023 with disciplined, tech-led public market execution.
S45 brings clarity, speed, and public-market discipline to SME IPO execution.
S45 pairs sector bankers with proprietary analytics for readiness, pricing, bookbuilding, listing, and IR.
Pune SMEs get structured execution without scattered emails, version chaos, or last-minute filing fire drills.
Typical movement from first call to signed mandate in 7 days, with clean data readiness.
S45 maps QIB, NII, HNI, retail, and anchor demand across India’s investor ecosystem.
Founder-led bankers combining AI workflows with public-market 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.
An SME IPO consultant helps eligible small and medium enterprises prepare for listing on NSE Emerge or BSE SME. The work typically includes eligibility assessment, governance readiness, DRHP preparation, pricing support, market maker coordination, lot size modelling, investor demand mapping, and post-listing liquidity planning. S45 supports this journey with AI-led workflows and regulated execution through Narnolia as Lead Manager.
Speak with S45 about eligibility, timing, pricing, and SME IPO readiness.
Regulated Lead Manager execution partnership for IPO mandates.
India-first AI-led platform for IPO execution workflows.
Integrated readiness for NSDL and CDSL demat requirements.
Share your SME IPO goals, current financial readiness, and target timeline. S45 will help you understand the next practical step toward NSE Emerge or BSE SME listing.
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.