Corporate Finance & SME IPO Advisory
From Founder-Run to Listed.
We’ve Done It Three Times in Two Years.
Whether you’re preparing for an SME IPO, evaluating an acquisition, raising your next round, or need an independent valuation — corporate finance decisions are where the stakes are highest and the margin for error is smallest. Our CA-led team has taken 3 companies through IPO in the last 2 years, and brings that same rigour to M&A, valuation, and due diligence mandates.
- 3 IPOs completed in the last 2 years — mainboard and SME, real track record
- CA-led team — deal experience across IPO, M&A, and valuation
- Deal-driven engagement — scoped to your specific transaction
3
IPOs Completed
In 2 Years
Most active recent stretch
₹255+ Cr
Capital Raised
100%
Success Rate
THE PROBLEM
Corporate Finance Decisions Don’t Give You a Second Attempt.
Unlike monthly operations, corporate finance events — an IPO, an acquisition, a valuation for a stake sale, a due diligence process — happen rarely, carry enormous stakes, and leave little room to course-correct once underway. Getting the wrong advisor, or attempting it without one, is a mistake that shows up in the outcome.
Your auditor isn’t a deal advisor
Your statutory auditor is excellent at compliance and financial statements. But an IPO, an M&A transaction, or a valuation exercise requires a completely different skill set — deal structuring, merchant banker coordination, regulatory strategy, and negotiation support. Very few firms genuinely do both well.
SME IPO is a minefield of preventable delays
Related-party transaction clean-up, corporate governance gaps, inconsistent financial reporting history, working capital surprises during due diligence — these are the most common reasons SME IPO applications get delayed or rejected at the exchange review stage. Most are avoidable with the right preparation, starting 12–18 months out.
M&A deals fail on diligence, not intent
Both buy-side and sell-side deals collapse more often from what diligence uncovers late than from any fundamental disagreement on price or strategy. Undisclosed liabilities, inflated working capital claims, inconsistent related-party arrangements — surfacing these early is what keeps a deal alive.
A defensible valuation, not just a number.
Whether it’s for a stake sale, an ESOP pool, a family settlement, or a regulatory requirement, a valuation that can’t withstand scrutiny — from an investor, a tax authority, or a co-founder — creates more problems than it solves. The methodology matters as much as the number.
IDEAL FOR
This Service Is Built For You If…
- You’re considering an SME IPO in the next 12–24 months
- You’re evaluating an acquisition, or considering selling a stake or the business
- You need an independent, defensible valuation for any purpose
- You’re on the receiving end of a due diligence process and want to be prepared
- You’re conducting due diligence on a target company or investment
- Your existing auditor doesn’t have transaction advisory experience
- You want a team that has actually closed deals, not just advised on them
- You need one point of contact coordinating merchant bankers, lawyers, and regulators
OUR PROCESS
How We Approach a Corporate Finance Mandate
01
Scoping & Readiness Assessment
02
Structuring & Documentation
We build the technical foundation — financial clean-up, corporate structuring, valuation models, or diligence frameworks depending on the mandate. This is typically the longest phase and the one where most transactions succeed or stall.
03
Coordination & Execution
We coordinate directly with merchant bankers, legal counsel, investment bankers, and regulatory bodies as needed — acting as your finance-side point of contact throughout the transaction so nothing falls through the cracks between advisors.
04
Close & Post-Transaction Support
We stay engaged through signing, listing, or completion — and where relevant, support the transition into ongoing financial governance (for newly listed companies) or post-merger integration (for M&A transactions).
WHAT WE DO
Corporate Finance Services — Built Around Real Transactions
Every corporate finance engagement is different — but our approach is consistent: CA-led teams, rigorous documentation, and deal experience that comes from having actually closed transactions, not just advised on them theoretically.
SME IPO Advisory | FLAGSHIP
End-to-end support for SME IPO readiness and execution — financial statement clean-up, related-party transaction resolution, corporate governance structuring, merchant banker and auditor coordination, and regulatory compliance groundwork. Our team has supported 3 companies through IPO — across both SME platform and mainboard listings — in the last 2 years.
M&A Advisory (Buy-Side & Sell-Side)
Structured support across the M&A lifecycle — target identification and screening for buy-side mandates, transaction structuring, financial and commercial due diligence coordination, and negotiation support. We work alongside legal counsel and investment bankers where required, or lead the process end-to-end for smaller transactions.
Business Valuation Services
Independent, defensible valuations for stake sales, ESOP pools, family settlements, regulatory filings (Section 50CA, FEMA, Companies Act), and internal strategic decisions. Multiple methodologies applied — DCF, comparable company analysis, precedent transactions — with full documentation to support scrutiny.
Financial Due Diligence
Structured financial due diligence for buy-side, sell-side, and investor-driven mandates. We review financial statements, working capital claims, related-party arrangements, contingent liabilities, and compliance exposure — delivering a clear, prioritised findings report, not just a checklist.
Moments that matter
From the Bell-Ringing Ceremonies We’ve Been Part Of
Manba Finance
NSE · Mainboard IPO
Homesfy
NSE · SME IPO
Why choose us
Why CFO Services for Corporate Finance
Corporate finance advisory is easy to claim and hard to prove. We’d rather show you the track record than tell you about our capability.
A real track record, not a pitch deck
3 SME and mainboard IPOs completed in the last 2 years. Not ‘experience in the space’ — actual companies, actually listed, actually closed. We know where the process gets stuck because we’ve been through it three times, recently.
CA-led, deal-experienced
Every mandate is led by Chartered Accountants with actual transaction experience — not general practice accountants attempting their first deal. Corporate finance requires a different skill set than compliance, and we maintain that distinction internally.
We coordinate, so you don’t have to
A typical transaction involves merchant bankers, legal counsel, auditors, and regulators — all with their own timelines and requirements. We act as your single finance-side point of contact, keeping the moving pieces aligned so you’re not managing five relationships simultaneously.
Built for Indian SME realities
Family shareholding structures, related-party histories, informal governance practices, below-market related-party transactions — we know how to clean these up credibly for a transaction, because we’ve done it for real companies, not textbook cases.
CLIENT FEEDBACK
What Our Clients Say
FAQS
Corporate Finance & SME IPO — Frequently Asked Questions
Outsourced CFO is an ongoing monthly engagement covering your day-to-day finance function. Corporate Finance is deal-driven and event-specific — an IPO, an acquisition, a valuation, a diligence process. Many of our Corporate Finance clients are also Outsourced CFO clients, but the two are scoped and engaged separately.
We’ve supported 3 companies through IPO in the last 2 years — including both NSE SME platform and mainboard listings — handling financial statement clean-up, related-party resolution, governance structuring, and coordination with merchant bankers and auditors through to listing. We can walk you through the specifics on a discovery call.
Ideally 12–24 months before your target listing date. Related-party clean-up, governance restructuring, and building a consistent reporting history all take time. Starting late is the single biggest cause of IPO delays we see.
We work alongside your statutory auditor. Corporate finance advisory — deal structuring, merchant banker coordination, valuation, diligence — is a different function from statutory audit, and we’re careful not to create independence conflicts, particularly for IPO mandates.
Our Business Financial Diagnostic (Gap Assessment) is a standalone 30–45 day engagement for any SME wanting a full finance function review. For IPO mandates specifically, we run a more targeted readiness assessment focused on the areas exchanges and merchant bankers scrutinise most — governance, related-party exposure, and reporting consistency.
Yes. On the buy-side, we support target screening, due diligence coordination, and deal structuring. On the sell-side, we help prepare the business for sale, coordinate diligence responses, and support negotiation. We’re transaction-side advisors, not brokers — we don’t source deals, but we support you rigorously once one is on the table.
Depends on the purpose and the business. We typically apply Discounted Cash Flow (DCF), comparable company analysis, and precedent transaction analysis — often triangulating across methods for defensibility. For regulatory valuations (Section 50CA, FEMA, Companies Act), we follow the prescribed methodology strictly.
Not a fixed threshold — corporate finance work is deal-driven, so the right fit depends on the transaction itself rather than a revenue cutoff. An early-stage company raising its first serious round and a ₹200 Cr business preparing for IPO both fall within scope, if the mandate is real.
Fee structures vary by mandate type and complexity — typically a combination of a fixed advisory fee and, for larger transactions, a success-based component. We discuss and agree this transparently during scoping, before any engagement begins.
Yes. We support sell-side due diligence preparation — getting your financial documentation, related-party disclosures, and compliance position ready before a buyer’s or investor’s diligence team arrives. Being well-prepared materially shortens the process and reduces renegotiation risk.
Your Next Corporate Finance Event Deserves a Team That’s Actually Done This.
Three IPOs in two years isn’t a coincidence — it’s a process we’ve refined by doing it. Whether you’re years out from a transaction or actively in one, let’s talk about where you stand.
No commitment required. Speak with a CA directly.