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 Bhandari is a Co-Founder of S45, India's first AI-native investment bank dedicated to transforming IPO execution in India's public markets. Drawing from his background as an IIT Delhi engineer who raised venture capital on campus and scaled operations to $25 million, Deepank brings firsthand knowledge of how the best Bay Area teams operate and applies those principles to India's capital markets. At S45, he channels his engineering mindset and entrepreneurial experience into building proprietary analytics and AI-driven workflows that eliminate chaos from the IPO process. Deepank is committed to delivering faster, cleaner, and more disciplined execution for founders and investors alike, ensuring every mandate is handled with precision, transparency, and institutional rigour.

Founder
Pankaj Harlalka is a Co-Founder of S45, bringing over 22 years of experience in India's capital markets to the firm. Throughout his career, Pankaj witnessed firsthand how good companies stumbled through broken workflows, lost documentation, and unclear pricing during their IPO journeys. Driven by a conviction that the process needed fundamental reinvention, he co-founded S45 to pair deep sector expertise with proprietary AI-powered analytics. Pankaj oversees institutional relationships and ensures that every engagement reflects S45's core values of transparency, regulatory respect, and disciplined pricing. His extensive market knowledge across 12 industries and his commitment to keeping founders and investors free from unnecessary noise define his approach to investment banking.

Founder
Aman Singh is a Co-Founder of S45, an operator-turned-banker who brings rare, ground-level perspective to the IPO advisory process. Having personally navigated the experience of scaling an SME to $60 million and attempting to list it, Aman encountered the brutal realities of disorganised disclosures, lost communications, and opaque pricing that plague traditional IPO execution. That experience became the founding conviction behind S45. At the firm, Aman leads with an operational mindset, ensuring that every client engagement moves from first call to signed mandate with speed and structure. His dedication to building clean, disciplined books and delivering predictable outcomes makes him a trusted partner for founders preparing for India's public markets.
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.