IPOPlatform Blogs

When Tarun Mehta and Swapnil Jain, two IIT Madras alumni, founded Ather Energy in 2013, the Indian electric two-wheeler (E2W) landscape was marked by poor-quality imports and the perception that EVs were mere compromises to petrol-powered scooters. Few believed that an EV could rival, let alone outperform, the traditional ICE scooter.

The confidential IPO pre-filing route, introduced by SEBI in November 2022, allows companies to privately submit draft offer documents for regulatory review before making them public. This strategic approach protects sensitive business data, provides flexibility in IPO timing, and enables companies to refine disclosures based on SEBI’s feedback. Adopted by major firms like boAt, Tata Capital, and PhysicsWallah, this process aligns with global practices, offering a more controlled and confidential pathway to mainboard IPO listing.

ETT Limited, a digital media and social marketing player, has secured a ₹60 crore order from Hong Kong-based Star IT Solutions, the largest in its history. Trading at just ₹14 with a ₹40 crore market cap, it’s being viewed as a potential multibagger. Strong financials, zero debt, and bullish technicals make it attractive. With 650% profit growth in FY25 Q1 and global expansion underway, analysts see massive upside potential for savvy, long-term investors.

In March 2025, 67 companies filed their DRHPs, showing strong momentum across SME and Mainboard platforms. With SEBI’s updated IPO regulations ensuring transparency and accountability, and 12 SME IPOs already listed, the market is buzzing with opportunity. IPO advisors and platforms like IPOPlatform.com help streamline the listing process, providing investors with sectoral insights, expert advice, and up-to-date data to make smart investment decisions in this dynamic IPO landscape.

The Renewable and Solar sectors are driving India’s clean energy transition, attracting strong investor interest through IPOs. With government incentives, ESG-focused investments, and technological advancements, these sectors are poised for significant growth. Upcoming IPOs in solar energy, recycling, and bio-waste reflect rising market demand. As companies scale and innovate, IPOs provide an opportunity for investors to be part of India’s sustainable future.

A company aiming to go public has to fulfil the listing criteria and eligibility criteria of SEBI in the case of Mainboard IPO and relevant stock exchanges for SME IPO in India. Various listing requirements as laid down in SEBI ICDR Regulations are to be met for maintaining compliances and transparency in the IPO process. Promoter and Promoter Group information is one of the requisite information for IPOs.

The IPO market in February 2025 witnessed strong momentum, with 34 companies filing DRHPs and 21 IPOs successfully listed. Upcoming IPOs like NAPS Global India and Balaji Phosphates offer new investment opportunities. IPOPlatform.com provides real-time insights, helping investors stay informed. For companies, IPO advisors ensure seamless compliance, assist in structuring the IPO, and connect with top merchant bankers to maximize fundraising potential and market success.

To be eligible for an Initial Public Offer (IPO) under NSE and BSE, companies must comply with SEBI ICDR Regulations (2018). This includes a minimum paid-up capital of Rs. 10 crores, average operating profits of Rs. 15 crores over three years, and net tangible assets of Rs. 3 crores. Additional conditions cover track record, investor grievance redressal, financial obligations, and offer for sale regulations. Companies must meet all criteria before applying for listing.

Unlisted and Pre-IPO shares offer investors a unique opportunity to acquire stakes in high-growth companies before they go public on NSE Emerge or BSE SME. These shares, traded via private placements, OTC markets, and investment platforms, often come at discounted valuations with high return potential. However, they involve liquidity, valuation, and regulatory risks. Investors should conduct thorough due diligence on financials, market position, and growth prospects before investing, ensuring informed decisions and strategic portfolio diversification.

January 2025 saw 43 companies filing DRHPs across BSE SME, NSE Emerge, and the Mainboard, with 29 IPO listings reflecting strong investor interest. Key upcoming IPOs include Amwill Health Care, Readymix Construction, and Chamunda Electricals. IPO advisors play a crucial role in guiding businesses through listing complexities. Platforms like IPOPlatform.com provide real-time updates, expert insights, and advisory services, helping investors and companies capitalize on IPO opportunities for maximum growth and returns.

SEBI’s Regulation 6(2) offers an alternative QIB Route for companies unable to meet mainboard profitability criteria. Under this, 75% of shares must be allocated to Qualified Institutional Buyers (QIBs) through a book-building process. Companies failing to qualify can explore SME exchanges like BSE SME or NSE Emerge, with guidance from IPO advisors and merchant bankers. This route enables emerging companies to raise capital, enhance visibility, and eventually transition to the mainboard.

Due diligence is a critical step for IPO preparation, ensuring compliance, financial stability, and transparency. It evaluates legal, financial, and operational aspects to mitigate risks and build investor confidence. Key stakeholders like merchant bankers, legal advisors, and auditors verify disclosures and regulatory compliance. The process identifies hidden liabilities, ensures accurate valuation, and aligns with IPO listing requirements—establishing a solid foundation for a successful public offering.