S45 × Narnolia Partnership (CAT-I Merchant Banker)

A New Standard For AI-Native Investment Banking in India

[ 01/05 ] · PARTNERSHIP

S45 has partnered with Narnolia

Narnolia is one of India’s most respected CAT-I Merchant Bankers, to deliver a next-generation merchant banking experience for founders preparing for SME and Main Board IPOs. This partnership brings together

S45 has partnered with Narnolia

Narnolia is one of India’s most respected CAT-I Merchant Bankers, to deliver a next-generation merchant banking experience for founders preparing for SME and Main Board IPOs. This partnership brings together

S45 has partnered with Narnolia

Narnolia is one of India’s most respected CAT-I Merchant Bankers, to deliver a next-generation merchant banking experience for founders preparing for SME and Main Board IPOs. This partnership brings together

27 year legacy

Narnolia’s 27-year merchant banking and fund-management legacy

AI-Native

S45’s AI-native deal execution stack

Similar Philosophy

A combined philosophy rooted in ethics, research depth and long-term value creation

Similar Philosophy

A combined philosophy rooted in ethics, research depth and long-term value creation

[ 02/05 ] · WHY NARNOLIA

Why Narnolia?

Why Narnolia?

Why Narnolia?

Founded in 1997

Built on a research-first, ethics-first foundation

2nd largest Registered Investment Advisor in India

₹6,000+ crore AUM

Rated highly by Everyone

Rated & recognized by CRISIL, IIM Ahmedabad, BSE Star, PMS Bazaar and others

55,000+ Crore of Bids

A track record of attracting 55,000+ crore of bids across IPOs and public-market issuances (in association with S45)

Strong Leadership

Leadership team with decades of experience across fund management, equity research, broking, corporate advisory and portfolio management

[ 03/05 ] · WHY IT MATTERS

Why S45 × Narnolia Matters

This partnership is built for one outcome:
To give founders a world-class merchant-banking experience with the precision, transparency and speed of AI.

Why S45 × Narnolia Matters

This partnership is built for one outcome:
To give founders a world-class merchant-banking experience with the precision, transparency and speed of AI.

Why S45 × Narnolia Matters

This partnership is built for one outcome:
To give founders a world-class merchant-banking experience with the precision, transparency and speed of AI.

AI-Powered Readiness

AI-powered readiness, diligence and valuation engines

CAT-I MB Platform

A CAT-I MB platform trusted by regulators, institutions and the public markets

Deep Research

Deep research capability & proven institutional reach

Data-Driven Execution

Founder-first execution: transparent, structured and data-driven

Strong Team

A combined team that understands tech, manufacturing, FMCG, renewable energy, healthcare and modern distribution models

What this unlocks

  • Faster decision-making

  • Higher quality disclosures and story design

  • Better-aligned anchor and QIB strategies

  • Stronger governance, risk controls and revenue clarity before listing

  • Confidence in navigating SEBI, exchanges and institutional expectations

[ 04/05 ] · SHARED VALUES

Built on Shared Values

Shared values make it sustainable - this is why the partnership exists.

Built on Shared Values

Shared values make it sustainable - this is why the partnership exists.

Built on Shared Values

Shared values make it sustainable - this is why the partnership exists.

Trust > Transactions

Research > Noise

Ethics > Short-term wins

Process > Personality

[ 05/05 ] · FOR FOUNDERS

For Founders Preparing for Public Markets

If you’re building a business with discipline, growth potential and a clear earnings story, the S45 × Narnolia partnership gives you:

For Founders Preparing for Public Markets

If you’re building a business with discipline, growth potential and a clear earnings story, the S45 × Narnolia partnership gives you:

For Founders Preparing for Public Markets

If you’re building a business with discipline, growth potential and a clear earnings story, the S45 × Narnolia partnership gives you:

A CAT-I backed Merchant Banking team

An AI-powered Execution Engine

A Research-first Advisory Partner with 27+ years of Credibility

A Transparent, Founder-friendly Process that respects your time

CTA

Ready to List with Confidence

Run IPO Readiness Scan

Run IPO Readiness Scan

Run IPO Readiness Scan

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