An IPO is the end of a long compliance runway, not a single event. The years before listing are where a company either becomes IPO-ready or discovers, late and expensively, that its records, board processes and cap table are not. We help growing companies get genuinely IPO-ready — closing the secretarial gaps early, converting from private to public, and meeting the SEBI and Companies Act obligations a listing demands.

What IPO readiness involves

• A secretarial health check — reviewing years of board minutes, filings, resolutions, related-party transactions and the cap table for the gaps a diligence process will find.
• Conversion to a public company — the structural step from private limited to public limited, with the resolutions, Articles changes and ROC filings it needs.
• Governance build-out — board composition, committees and the processes a listed company is expected to run.
• SEBI and LODR compliance — the listing-stage and post-listing obligations under the SEBI framework.
• Due diligence support — preparing the secretarial side of the data room for the merchant bankers and legal counsel.

SME IPO or mainboard

SEBI's framework sets out two distinct listing paths — the SME platform and the mainboard — with different eligibility thresholds, and the rules have tightened. The right path depends on your size, financials and timeline, and choosing it early shapes how you prepare. We work through that decision with founders before the runway starts.

Who this is for

Series B and later companies with a listing on the horizon, founders weighing an SME IPO, and companies that need an honest read on how far they are from IPO-ready. Starting two to three years out is what makes the difference between a smooth process and a scramble.

Frequently asked questions

How do I make my company IPO-ready?

Start two to three years out with a secretarial health check, close the gaps in board records, filings and the cap table, build listed-company governance, and plan the conversion from private to public company. IPO readiness is a runway, not a final-year task.

What is the difference between an SME IPO and a mainboard IPO?

They are two SEBI listing routes with different eligibility thresholds — the SME platform is built for smaller companies, the mainboard for larger ones. The size and financial criteria, and the recently tightened norms, decide which path applies.

Does a company need to convert to a public company before an IPO?

Yes. A company listing its shares must be a public company, so a private limited company converts to a public limited company as part of the IPO runway.

When should IPO preparation start?

Ideally two to three years before the intended listing. The secretarial records, governance and cap table that diligence examines take that long to get genuinely clean.

Assess your IPO readiness

If a listing is on your roadmap, get in touch for an IPO-readiness review.