Transique Corporate Advisors

Dear Friends, We are pleased to share a report prepared by our Transique team on #SMEIPO - #Opportunity & #Trends This reports covers major Trends of SME IPO in India from 2012 till 2024 covering 1. SME IPO #KeyStatistics 2. #SMEIPOBenefits 3. #ValueCreation through SME IPO 4. SME IPO v/s #MainBoardIPO 5. SME IPO #ListingCriteria  6. Year Wise #SMEIPOTrend, #Sector Wise SME IPO, #Top 10 SME IPO based on #IssueSize, #MarketCap 7. #KeyTrends of SME IPO in last 3 years 8. Analysis of Companies #Performance in #EmergingSectors 9. Preparation for SME IPO 10. How Transique can handhold you in making your Company go Public Should you require any discussion on SME IPO, feel free to contact us https://lnkd.in/dnET_eJq Book your 30mins consultation slot now https://lnkd.in/gqyf47tZ Thanks & Regards, Transique Corporate Advisors https://lnkd.in/dnET_eJq #transique #transiqueinsight #valuation #transaction #smeipo #nseemerge #bsesme #fundraising #IPO #corporatefinance #equityfinance #equityfunding #valuecreation #capitalmarkets #BSE #NSE Chander Sawhney Inder Kalra Deepika Vijay Sawhney

SMEs may get to turn the page in book of accounts; new norms likely to ease compliance burden A high-level government panel has recommended a substantial increase in the turnover limit of companies mandated to keep and audit cost accounts of inputs consumed in producing goods or rendering services to ease the compliance burden, people aware of the details said. In its report submitted with the Ministry of Corporate Affairs (MCA), the committee has suggested raising the turnover limit to ₹75 crore in any of the past three years to maintain and audit cost records. Currently, these turnover limits are fixed at ₹25 crore for companies in six regulated sectors and at 35 crore for those in 33 unregulated sectors for mandatory cost audits. Moreover, all these companies with a turnover of ₹35 crore or more are currently required to maintain cost accounts. The MCA has now sought stakeholder comments on the re- port by the end of this month. To read more at: https://lnkd.in/g-6Mq3Tw

SEBI may revamp merger norms for companies The Securities and Exchange Board of India (SEBI) may overhaul norms for scheme of arrangement for merger of listed and unlisted entities. The regulator could widen the number of circumstances under which majority of minority shareholder approval is required, tweak contingency provisions and valuation parameters. SEBI’s concerns are largely around fairness of the scheme to public shareholders. Companies deploy contingency schemes during restructuring exercises that are sometimes complex in nature. These are frowned upon by the regulator as it is difficult to envisage the end result of the schemes. In cases where the scheme is contingent upon a certain event, there is scope for substantial changes in share price or volume during the announcement and withdrawal of the scheme, adversely impacting small shareholders. To read more: https://lnkd.in/dEnhevu2 

Insolvency and Bankruptcy Board of India (IBBI) has published a discussion paper on amendments to Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Process) Regulations, 2016 on 19th June, 2024.   This discussion paper solicits comments on following issues: 1. Registered valuer to submit valuation report for the Corporate Debtor (CD) as a whole: Currently separate Registered Valuers in each asset class are appointed to assess the fair value and liquidation value of the assets of Corporate Debtor. It is now proposed to assign the valuation of the corporate debtor as a whole to the Registered Valuer (RV) who may conduct the valuation taking input for other asset classes or get the valuation or other asset classes conducted from another RV is required. 2. One valuation estimate for companies up to certain asset size and MSMEs: Currently, two valuers are mandatorily appointed even for smaller companies/MSMEs in accordance with regulation 27 and regulation 35 of the CIRP regulation. It is now proposed that for CDs having asset size up to Rs 1000 crore and all MSMEs, only one valuer needs to be appointed by default. The committee of creditors can decide to appoint two valuers by recording reasons. 3. Voting by authorized representative (AR) before appointment by Adjudicating Authority (AA): Currently, the AR appointed to represent a class of creditors can only attend CoC meetings after being appointed by the AA. It is now proposed to allow the selected AR to attend Committee of Creditors (CoC) meetings after the RP submits the application to AA, till formal appointment. This ensures representation of the class of creditors in CoC meetings without delay. 4. Release of guarantees in the resolution plan: It is now proposed that approval of a resolution plan does not automatically release the CD's guarantors from liability. The discussion paper provides draft amendments to the regulations and seeks public comments on these proposals by July 10, 2024. To read in detail: https://lnkd.in/gDrrD5NG #IBBI #IBC #RV #CorporateDebtor #transiqueinsights #valuation Chander Sawhney Inder Kalra Deepika Vijay Sawhney

SME IPO raise INR 3000 crore in H1'24 Fundraising through small and medium enterprise (SME) initial public offerings (IPOs) in the first half of 2024 has reached a record high of Rs 3,095 crore from 100 issues, already two-thirds of the total raised in 2023 that is Rs 4,686 crore from 182 issues. This robust SME IPO activity has been driven by strong retail investor enthusiasm and impressive after-listing returns, The BSE SME IPO, which tracks the stock prices of companies listed on the BSE’s SME platform, rose by 79.6 per cent in 2024, 96 per cent in 2023, and 42 per cent in 2022. To read more: https://lnkd.in/gth2QKy9 Should you require any discussion on SME IPO, feel free to contact us. https://lnkd.in/dnET_eJq Book your 30mins consultation slot now  https://lnkd.in/gqyf47tZ #transique #transiqueinsight #valuation #transaction #smeipo #nseemerge #bsesme #fundraising #IPO #corporatefinance #equityfinance #equityfunding #valuecreation #capitalmarkets #BSE #NSE Chander Sawhney Inder Kalra Deepika Vijay Sawhney

IFSCA to finalize direct listing norms at GIFT City, Unlisted Indian companies may also list on IFSC exchanges The IFSCA has tweaked norms for direct listing on Gift IFSC exchanges. The final regulations are likely to be placed for approval by the end of this month. The rules will be notified probably early next month. Companies that are unlisted will be able to list on GIFT IFSC exchanges in the next two-three months. For listed companies, market regulator SEBI is the process of amending regulations, which are likely to be finalised in the next three-four months,” said K. Rajaraman.  Direct listing at Gift IFSC will offer unlisted Indian companies, especially start-ups and companies in the sunrise and technology sectors, an alternative avenue to access global capital beyond the domestic exchanges. Those already listed on the mainland will be able to tap the IFSC for raising capital in foreign currency from global investors. Post the final approval, overseas companies and domestic unlisted firms will be able to file documents with the IFSC exchanges for listing. To read more: https://lnkd.in/gzibDqug #GIFTCity #IFSCExchange #IFSCA #DirectListing

Insolvency and Bankruptcy Board of India (IBBI) has published a discussion paper on Reducing Compliance by Review of CIRP Forms submitted by Insolvency Professionals (IPs) to IBBI on 10th June, 2024.  It proposes the following key changes to the existing compliance framework for Insolvency Professionals (IPs) under the Insolvency and Bankruptcy Code (IBC): 1. Reducing duplication and simplifying reporting: - Merge multiple existing CIRP forms into fewer consolidated forms (e.g., CIRP-1 and CIRP-2 merged into CP-1, CIRP-3 and CIRP-4 merged into CP-2, etc.) - Revamp CIRP-5 into two forms CP-3A and CP-3B for resolution plan approval/liquidation/closure 2. Adjusting compliance timelines: - Move to a monthly compliance reporting cycle instead of event-based reporting - IPs to file applicable forms by the 10th day of every month, reporting status as of last day of previous month (except 3B) 3. Centralized reporting on IBBI website: - Consolidate compliance obligations like disclosure of costs and relationships onto IBBI's centralized platform instead of dispersed IPA portals 4. Revamped forms and content: - Auto-populate fields from existing data sources - Seek information relevant to the stage of CIRP process - Introduce new forms like CP-4 for reporting avoidance transactions to AA by the RP - Simplify forms like CP-5 for monthly status updates The aim is to reduce the compliance burden on IPs, remove duplication, streamline the reporting process, and enable more efficient monitoring by IBBI through a centralized platform. To read in detail: https://lnkd.in/gwQ9KSG3 #IBBI #Transaction #InsolvencyProfessionals #IBC #IPA #CIRP Chander Sawhney Inder Kalra Deepika Vijay Sawhney

Transique Corporate Advisors takes immense pleasure in presenting its latest valuation analysis of notable M&A deals for the month of April & May 2024. We place great importance on providing accurate information and therefore, have meticulously examined these transactions. If you require guidance or support in areas such as transaction valuation, transaction advisory, merger and acquisition, as well as SME IPO, please feel free to reach out to us at [email protected] or visit our website at www.transiqueadvisors.com Thank you! #transique #transiqueinsight #valuation #mergersandacquisitions #transaction #legaladvice #SMEIPO Chander Sawhney Inder Kalra Deepika Vijay Sawhney

Transique Corporate Advisors takes immense pleasure in presenting its latest valuation analysis of notable M&A deals for the month of April & May 2024. We place great importance on providing accurate information and therefore, have meticulously examined these transactions. If you require guidance or support in areas such as transaction valuation, transaction advisory, merger and acquisition, as well as SME IPO, please feel free to reach out to us at [email protected] or visit our website at www.transiqueadvisors.com Thank you! #transique #transiqueinsight #valuation #mergersandacquisitions #transaction #legaladvice #SMEIPO Chander Sawhney Inder Kalra Deepika Vijay Sawhney

SEBI widens disclosure norms for IPOs The Securities and Exchange Board of India (SEBI) has sent a 31-point advisory to investment bankers, requiring enhanced disclosures and increased due diligence on companies tapping the market for initial public offerings (IPOs) The advisories may make life difficult for companies, bankers and legal firms alike, make offer documents bulkier and push back IPO timelines considerably. The frequent use of such advisories – which are more informal in nature and not law – may end up undermining the current ICDR (Issue of Capital and Disclosure Requirements) Regulations as well, cautioned experts. Offer documents not in conformity with the guidelines will be returned. To read more at: https://lnkd.in/df8cvJRW #transique #transiqueinsight #valuation #transaction #SEBI #SEBIRegulation #InvestmentBanker #ICDR #IPO #BSE #NSE Chander Sawhney Inder Kalra Deepika Vijay Sawhney