IPO & SME IPO Advisory — Mangesh More, FCS

The Philosophy

Going public is a transformation, not a transaction.

Most founders approach an IPO as a financial event. Mangesh More approaches it as a coming-of-age. A company going public must learn to think publicly, report transparently, and hold itself accountable to a new and permanent standard. That inner transformation is what makes the difference between a listing and a legacy.

"An IPO is not the destination. It is the moment the company stops being yours alone and becomes a promise to a nation of investors."

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The Process

How Mangesh guides
companies to listing.

IPO Readiness Assessment

A comprehensive audit of financial health, governance gaps, promoter clarity, and institutional readiness. Honest, unfiltered, and actionable — because the market will find every weakness you don't address first.

Structural Preparation

Corporate restructuring, shareholding rationalisation, related-party cleanup, and board strengthening. The architecture that makes a company investable.

DRHP Drafting & SEBI Filing

Precision drafting of the Draft Red Herring Prospectus, compliance with SEBI ICDR Regulations, and end-to-end management of the regulatory filing process.

Merchant Banker & Stakeholder Coordination

Seamless coordination with lead managers, registrars, legal teams, auditors, and market makers — translating complexity into clarity for the promoter.

Roadshow & Investor Readiness

Preparing the promoter for investor conversations — crafting the narrative, anticipating questions, and building the confidence that institutional investors need to see.

Listing & Post-Listing Compliance

Managing the listing day and establishing the compliance systems, reporting cadence, and investor relations framework that keeps a listed company in good standing permanently.

What We Handle

Full-spectrum coverage.

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DRHP & Prospectus

Drafting, review, and SEBI filing of all offer documents with precision and regulatory compliance.

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SME IPO (NSE/BSE)

Specialist SME IPO advisory on NSE Emerge and BSE SME platforms — the engine of India's entrepreneurial economy.

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Valuation & Pricing

Independent valuation analysis and pricing strategy that balances promoter expectations with market realities.

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Corporate Governance

Board constitution, committee formation, governance frameworks — building the institutional infrastructure a listed company requires.

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Investor Relations

Post-listing IR strategy, quarterly communication, and the ongoing relationship with the investor community.

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Foreign Capital

FDI structuring, FEMA compliance, and foreign investor facilitation for companies seeking international capital.

Common Questions

IPO FAQ

A realistic timeline is 12–18 months from the decision to list to the listing day, assuming books are in order. Companies with unaudited financials, governance gaps, or regulatory issues may take longer. Mangesh's first task is always an honest assessment of where you actually stand.

For NSE Emerge and BSE SME, the company should have post-issue paid-up capital below ₹25 crore (for SME), minimum 3 years of operations, positive net worth, and audited financials. The specifics depend on the exchange. Mangesh will assess your eligibility in the first consultation.

Almost always, yes. Related-party transactions, promoter borrowings from the company, shareholding complexities, and governance gaps are among the most common issues that require restructuring before a company is truly IPO-ready. This is one of Mangesh's core specialisations.

Most IPO advisors focus on the paperwork. Mangesh focuses on the founder. He believes the quality of the listing depends on the clarity and integrity of the person leading the company — and he works on both dimensions simultaneously. The result is companies that don't just list, but thrive after listing.

Yes. A previously withdrawn IPO is not a failure — it is a learning. Mangesh has helped companies that attempted and withdrew to return stronger, with clearer narratives, stronger governance, and better market timing. The second attempt, done right, is often more compelling than the first.

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