IPO Readiness
Prepare your company for listing with route selection, governance review, diligence, financial controls, cap table cleanup, and SME-specific planning for lot size, liquidity, and market maker requirements.
Work with S45 to prepare, position, and execute your SME IPO with sharper readiness, cleaner drafting, and disciplined investor strategy. Built for Indian promoters, CFOs, and boards, our approach combines regulatory depth, demand analytics, and structured execution to reduce chaos and improve confidence from pre-filing through listing.

End-to-end advisory for Indian SME listings, from readiness and drafting to investor strategy and post-listing support.
Prepare your company for listing with route selection, governance review, diligence, financial controls, cap table cleanup, and SME-specific planning for lot size, liquidity, and market maker requirements.
Build a sharper investor strategy with a data-backed demand thesis covering regional demand strength, subscription patterns, anchor targeting, roadshow planning, and sector-specific risks before launch.
Centralize documentation, streamline DRHP and RHP drafting, coordinate diligence certificates, and manage exchange-facing workflows to improve observation closure and operational readiness for listing.
Speak directly with a sector banker to clarify IPO readiness, route selection, valuation approach, investor positioning, regulatory questions, and post-listing planning in a focused advisory session.
Support aftermarket performance with liquidity programs, institutional targeting, compliance calendars, market maker coordination, and planning for future capital raises or SME-to-Main Board migration.
Access sector-specific IPO playbooks with pricing frames, investor maps, disclosure checklists, and IR tools tailored to industries such as consumer, technology, and financial services.

We evaluate your business, financial reporting, governance, and cap table to determine SME IPO readiness and the right listing path, helping Indian promoters address gaps before they slow approvals or investor confidence.
See how disciplined execution and sharper positioning helped issuers navigate the IPO journey.
S45 combines banking expertise, operator insight, and AI-driven execution for a more disciplined SME IPO journey.
Proprietary analytics and workflows help reduce chaos, rework, and blind spots across the IPO process.
Clients can move from first call to signed mandate in typically seven days.
The team brings India-specific regulatory knowledge and investor mapping across 12 industries.
The same rigorous standards are applied to SME and Main Board mandates alike.
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.
A SME IPO is an initial public offering designed for small and medium enterprises seeking to list on SME platforms such as NSE Emerge or BSE SME in India. It allows eligible companies to raise capital, improve visibility, and create a public market for their shares while following exchange and regulatory requirements tailored to smaller issuers.
Speak with our team for clear, practical SME IPO guidance.
Strong recent public markets track record.
Technology-led execution and workflow discipline.
Access across QIB, NII, and retail.
Share your stage, sector, and listing goals. Our team will review your context and outline the next practical steps.
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.