How to launch IPO in India

IPO Listing

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Pre-IPO consultancy

Swastika has a dedicated team of professionals, having expertise in structuring the company and providing guidance and support to make them ready for IPO.

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Listing on SME Platforms

Swastika, being SEBI registered CAT - I merchant banker, has launched 20+ SME IPOs. Check out the parameters of listing on SME & mainboard.

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Parameters of listing on SME & Mainboard

Find out whether your company can be listed on SME platform or main board:

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Listing on Mainboard

From filing of DRHP to getting right investors, we help companies throughout the journey of launching a successful IPO.

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Migrating from SME to Mainboard platform

We help companies which are already listed on SME platform to migrate to mainboard. Check out the criteria given below for more details.

Parameters Mainboard SME Platform
Post-issue paid-up capital
Minimum: 10 crore
Maximum: No Limit
Minimum: No limit
Maximum: 25 crore
Minimum Allottees in IPO 1000 50
IPO Underwriting Non mandatory. Mandatory (100% Underwriting by Merchant Banker), its own underwriting 15%
IPO Grading Mandatory Non-Mandatory
Track Record Stringent track record norms like avg. operating profit of INR 15 cr. for last 3 years Relaxed track record norms
Offer document vetting To SEBI To Exchange
IPO application Size Minimum: INR 10,000 - 15000 Minimum: INR 1 lakh
POST IPO
Reporting for audited A/C Quarterly Half-yearly
Market Making Non- Mandatory Mandatory (3 years from the day of listing)

Criteria for Migration to the Main Board

  1. The company should be listed on the SME platform for 2 years.
  2. SMEs are required to have paid-up equity capital shall not be less than Rs 10 crores and the market capitalization shall not be less than Rs 25 crores.
  3. The company has not been referred to the Board for Industrial and Financial Reconstruction (BIFR)/ admitted in insolvency and Bankruptcy Code (IBC).
  4. No proceedings have been admitted under Insolvency and Bankruptcy Code against the Promoting companies.
  5. The net worth of the company is positive.
  6. The company has not received any winding up petition admitted by NCLT.
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Find out whether your company should be listed at main board or SME

Parameters for Listing

  • Post- issue paid up capital
  • Minimum allotees in IPO
  • IPO Underwriting
  • IPO Grading
  • Track Record
  • Offer document vetting
  • IPO application size
    Post - IPO
  • Reporting for audited A/C
  • Market Making

At Main Board*

  • Min : INR 10 Crores
    Max : No Limit
  • 1000
  • Non mandatory Eligibility 50%
    max / Direct route 75% min
    compulsory subscriptionto QIB's
  • Mandatory
  • Stringent track record norms
    like average operating profit of
    INR 15 Cr. for last 3 years
  • To SEBI
  • INR 10,000 - INR 15,000
  • Quarterly
  • Non Mandatory
CHECK YOUR ELIGIBILITY

At SME Board*

  • Min : No Limit
    Max : 25 Cr.
  • 50
  • Mandatory (100% Underwrting
    among which 15% by Merchant
    Banker inits own name)
  • Non - Mandatory
  • Relaxed Track record norms
  • To Exchange
  • Min : INR 1 Lakh
  • Half Yearly
  • Mandatory (for 3 years
    from the date of listing)
CHECK YOUR ELIGIBILITY
S. No. Company Name Issue Size Opening Date Document Status
1 General Information Document_Infinium Pharmachem Limited 25.26 Cr. 2023-03-31 -
2 INFINIUM PHARMACHEM LIMITED 25.26 Cr. 2023-03-31 -
3 INFINIUM PHARMACHEM LIMITED - 2023-02-17 IN-PROCESS
4 TRACK RECORD OF SONU INTRATECH LIMITED - 2022-10-12 -
5 Cyber Media Research and Services Limited - 2022-09-16 Prospectus
6 SONU INFRATECH LIMITED 8.64 Cr. 2022-04-23 Prospectus
7 Evoq Remedies Limited - 2022-05-31 -
8 Track Change of Richa Info System Limited - 2022-05-31 -
9 Cyber Media Research and Services Limited - 2022-04-04 Draft Prospectus_Pending for in-Principle approval
10 Evoq Remedies Limited 9.72 Cr. 2022-03-17 Prospectus
11 Evoq Remedies Limited 9.72 Cr. 2022-03-17 General Information Document, Abridged Prospectus and Forms
12 Past Issue by Swastika - 2023-01-31 -
13 Evoq Remedies Limited 9.72 Cr. 2022-02-24 Draft Prospectus_Pending for in-Principle approval
14 RICHA INFO SYSTEMS LIMITED 10 Cr. 2022-02-08 General Information Document, Abridged Prospectus and Forms
15 SONU INFRATECH LIMITED - 2022-01-28 Draft Prospectus_Pending for in-Principle approval
16 Investors Complaints Data - 2022-01-01 -
17 RICHA INFO SYSTEMS LIMITED 10 Cr. 2022-02-09 Prospectus
18 Complaints Status_Investment Advisory - 2019-12-31 -
19 POLICY FOR MERCHANT BANKING ACTIVITY - 2018-01-01 -
20 TRACK RECORD OF AARTECH SOLONICS LIMITED - 2020-05-18 -
21 TRACK RECORD OF SYNERGY GREEN INDUSTRIES LIMITED - 2020-05-18 -
22 TRACK RECORD OF BRIGHT SOLAR LIMITED - 2020-05-18 -
23 TRACK RECORD OF MEGASTAR FOODS LIMITED - 2020-05-18 -
24 TRACK RECORD OF INDO US BIO-TECH LIMITED - 2020-05-18 -
25 TRACK RECORD OF INFLAME APPLIANCE LIMITED - 2020-05-18 -
26 TRACK RECORD OF RIDING CONSULTING ENGINEERS INDIA LIMITED - 2020-05-18 -
27 TRACK RECORD OF SOLEX ENERGY LIMITED - 2020-05-18 -
28 TRACK RECORD OF INNOVANA THINKLABS LIMITED - 2020-05-18 -
29 TRACK RECORD OF ZODIAC ENERGY LIMITED - 2020-05-18 -
30 TRACK RECORD OF SHARIKA ENTERPRISES LIMITED - 2020-05-18 -
31 TRACK RECORD OF MILTON INDUSTRIES LIMITED - 2020-05-18 -
32 TRACK RECORD OF RELIABLE DATA SERVICES LIMITED - 2020-05-18 -
33 TRACK RECORD OF SIKKO INDUSTRIES LIMITED - 2020-05-18 -
34 TRACK RECORD OF AIRAN INDUSTRIES LIMITED - 2020-05-18 -
35 TRACK RECORD OF SANGINITA CHEMICALS LIMITED - 2020-05-18 -
36 TRACK RECORD OF PROLIFE INDUSTRIES LIMITED - 2020-05-18 -
37 AARTECH SOLONICS LIMITED 720.80 LACS 2018-03-07 Listed on 27.03.2019
38 AARTECH SOLONICS LIMITED 720.80 LACS 2018-09-10 IN PROCESS
39 SYNERGY GREEN INDUSTRIES LIMITED 2646.00 Lakhs 2018-08-24 LISTED ON 24.09.2018
40 SYNERGY GREEN INDUSTRIES LIMITED 2646.00 Lakhs 2018-06-01 IN PROCESS
41 BRIGHT SOLAR LIMITED 1944.00 LACS 2018-06-14 Listed on 09.07.2018
42 BRIGHT SOLAR LIMITED 1944.00 LACS 2018-04-09 IN PROCESS
43 MEGASTAR FOODS LIMITED 804.00 LAKHS 2018-05-07 LISTED ON 23.05.2018
44 MEGASTAR FOODS LIMITED 804.00 LAKHS 2018-04-26 IN PROCESS
45 INDO US BIO-TECH LIMITED 729.30 LACS 2018-04-06 LISTED ON 11.05.2018
46 INDO US BIO-TECH LIMITED 729.30 LACS 2018-03-05 IN PROCESS
47 RIDINGS CONSULTING ENGINEERS INDIA LIMITED 655.20 LACS 2018-02-23 LISTED ON 26.03.2018
48 RIDINGS CONSULTING ENGINEERS INDIA LIMITED 655.20 LACS 2018-01-29 IN PROCESS
49 INFLAME APPLIANCES LIMITED 648.00 LACS 2018-02-23 LISTED ON 16.03.2018
50 INFLAME APPLIANCES LIMITED 648.00 LACS 2018-02-05 IN PROCESS
51 SOLEX ENERGY LIMITED 717.60 LACS 2018-01-12 LISTED ON 05.02.2018
52 SOLEX ENERGY LIMITED 717.60 LACS 2017-12-05 IN PROCESS
53 INNOVANA THINKLABS LIMITED 770.00 LACS 2017-11-20 LISTED ON 12.12.2017
54 INNOVANA THINKLABS LIMITED 770.00 LACS 2017-08-30 IN PROCESS
55 ZODIAC ENERGY LIMITED 1014.00 LACS 2017-11-17 LISTED ON 05.12.2017
56 ZODIAC ENERGY LIMITED 1014.00 LACS 2017-10-17 IN PROCESS
57 SHARIKA ENTERPRISES LIMITED 1386.75 LACS 2017-11-08 LISTED ON 27.11.2017
58 SHARIKA ENTERPRISES LIMITED 1386.75 LACS 2017-10-13 IN PROCESS
59 MILTON INDUSTRIES LIMITED 1428.00 LACS 2017-09-22 LISTED ON 16.10.2017
60 MILTON INDUSTRIES LIMITED 1428.00 LACS 2017-08-29 IN PROCESS
61 RELIABLE DATA SERVICES LIMITED 1482.00 LACS 2017-09-20 LISTED ON 11.10.2017
62 RELIABLE DATA SERVICES LIMITED 1482.00 LACS 2017-08-28 IN PROCESS
63 TRANSWIND INFRASTRUCTURES LIMITED 729.00 LACS 2017-06-23 LISTED ON 12.07.2017
64 TRANSWIND INFRASTRUCTURES LIMITED 729.00 LACS 2017-06-01 IN PROCESS

Take a look at our successfully launched IPOs

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FAQs

Initial Public Offering (IPO) is the process through which an unlisted public company can be listed on the stock exchange by offering its securities to general public at large in primary market.
An SME IPO is a way for small and medium enterprise (SME) companies to offer its securities to general public at large in the primary market and to be listed on the SME platform of stock exchange.
Getting the company listed has uncountable benefits. Following are the short term and long term benefits that a company can avail by getting listed
  • Expand the investors base
  • Financial benefits
  • Equity financing opportunities
  • Enhance companies visibilities & recognition
  • Encourage innovation
  • Enhance corporate governance & credibility
The process of launching of an IPO or listing of a Company is:
  1. Selection of merchant banker
  2. Restructuring of Pre-IPO capital
  3. Due-diligence & Pre-IPO Preparation
  4. Valuation of issue pricing
  5. Preparation of draft prospectus
  6. Marketing strategy
  7. Preparation and filling of draft prospectus with exchanges
  8. Issue Pricing and allocation
  9. Listing
  10. Market making (in the case of SME IPO)
The listing date will be 6th day from the closing of the IPO and from which the investors can buy / sale the shares of the company.
If the shares of the company are allotted in the IPO, you can sell them once the company gets listed on the stock exchange.
It’s up to the perspective of the investor to sell the shares on listing day. If the company’s shares are listed on premium, then some investors sell it on listing date to earn listing gains.
Follow on public offering (FPO) is public issue of new shares of existing listed company. An FPO is an issue of additional shares made by a company that is already publicly listed and has already gone through the IPO process.
Yes, like Mainline IPOs, there is a portion reserved for retail investors in SME IPOs. However, please note that the minimum investment in SME IPOs is Rs. 1,00,000.

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Mr. Mohit Goyal

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