Merchant Banking
Indira Securities Private Limited is a SEBI-Registered Category-II Merchant Banker offering SME IPO, underwriting, issue management, capital raising, and corporate finance solutions for emerging and growth-oriented companies.
Category-II
SEBI-Registered
38+ Years
Market Legacy
SME IPO & Growth Capital
Focus
Indira Securities Private Limited is a SEBI-Registered Cat-II Merchant Banker providing end-to-end solutions in SME IPO, Pre-IPO Funding, Underwriting, Mergers & Acquisitions.
We partner with promoters, entrepreneurs, and management teams to help businesses raise capital, unlock growth opportunities, and create long-term value. Combining strategic insight with regulatory expertise, we guide companies through every stage of their capital market journey with confidence and transparency.
At Indira Securities, we believe that accessing capital markets is more than a transaction, it’s a milestone that shapes the future of a business. Our commitment is to deliver seamless execution, sound advice, and trusted partnerships that drive sustainable growth.
Comprehensive merchant banking solutions covering every stage of a company’s capital markets journey.
End-to-end management of SME IPOs, from structuring and due diligence to listing on NSE Emerge / BSE SME.
Structured private placement solutions connecting issuers with qualified institutional and private investors.
Structuring and managing rights issues to help existing shareholders participate in company growth.
Advisory on preferential allotments, pricing norms and SEBI (ICDR) compliance for targeted capital raises.
Strategic corporate finance advisory covering capital structuring, M&A and growth financing.
Independent, defensible valuations for fundraising, regulatory filings and strategic decision-making.
Backed by decades of market experience and a relationship-first approach to every mandate.
Strong understanding of Indian capital markets and SME ecosystem.
Three decades of securities market experience behind every mandate.
Experienced promoters and management team guiding every transaction.
Unwavering focus on regulatory compliance and transparency.
Complete transaction support from consultation through post-listing.
Long-term, relationship-driven approach built on trust.
FCS | Compliance Officer
Mrs. Priyanka is a Fellow Member of the Institute of Company Secretaries of India (FCS) with over 10 years of experience in corporate governance, secretarial practice, regulatory compliance, and corporate advisory. She specializes in SEBI regulations, merchant banking compliances, due diligence, and corporate law, helping businesses navigate complex regulatory requirements with practical, compliance-driven solutions.
CS | Manager
Nupur Lodwal is a corporate compliance professional with over 9 years of experience in corporate secretarial practice, legal and regulatory compliance, and merchant banking. She specializes in SEBI and Companies Act compliances, IPO and pre-IPO advisory, due diligence, valuation, and guiding businesses through complex regulatory and capital market transactions.
MBA (IIM Vizag) | Manager
Ghanshyam Patel holds an MBA from IIM Visakhapatnam and has over 3 years of experience in company research & analysis, fundraising, and investor relations. He specializes in delivering strategic business insights, facilitating capital raising, and advising businesses on growth strategies that drive long-term value creation.
We begin by understanding your business model, growth objectives, funding requirements, and regulatory readiness. Our team evaluates the most suitable capital raising or advisory solution aligned with your business goals.
We conduct a comprehensive assessment of your financial, legal, and operational position to determine transaction feasibility. Based on the findings, we recommend the optimal structure and prepare a detailed execution roadmap.
Our team performs detailed due diligence in coordination with the company, promoters, auditors, legal advisors, and other intermediaries. We assist in preparing and reviewing all necessary documentation to ensure regulatory compliance and accurate disclosures.
We coordinate with SEBI, Stock Exchanges, Depositories, Registrars, and other regulatory authorities, facilitating timely filings, approvals, and compliance throughout the transaction lifecycle.
We manage the complete execution process, including issue structuring, appointment of intermediaries, underwriting (where applicable), marketing coordination, investor communications, issue management, and monitoring of transaction milestones.
Our engagement extends beyond transaction completion through continuous advisory services, regulatory compliance support, corporate governance assistance, fundraising strategy, and capital market advisory.
Investor Grievance
Email: [email protected]
Mobile: 0731-4797145
For any grievances, please write in or call using the details above.
Escalation — If Grievance Remains Unresolved
Email: [email protected]
Mobile: 0731-4797158
| Parameter | NSE Emerge | BSE SME |
|---|---|---|
| Post-Issue Capital | ≤ ₹25 crore | ≤ ₹25 crore |
| Track Record | Minimum 3 years operations | 3 years (or 1 year with bank/FI support) |
| Profitability (EBITDA) | ₹1 crore in 2 of last 3 years | ₹1 crore in 2 of last 3 years |
| Net Worth | Positive | Min ₹1 crore in each of last 2 years |
| Assets / Cash Flow | Positive FCFE in 2 of last 3 years | Net tangible assets ≥ ₹3 crore |
| Leverage | Not specified | Debt : Equity ≤ 3:1 |
| Promoter / Director Record | No suspension / delisting / regulatory issues | Same + no director disqualification |
| Defaults | No major defaults / IBC cases | No payment defaults |
| Other Key Conditions | OFS cap (20%), restriction on use of IPO proceeds, active website | Name-change revenue condition |
Speak with our Merchant Banking team about SME IPOs, capital raising, and corporate finance solutions tailored to your growth stage.
SEBI Registered CAT-II Merchant Bankers
SEBI Registration No. INM000013536
Corporate Identity Number (CIN)
U67120MP1996PTC085111
Indira Securities Private Limited · 204 Amar Darshan, 28/02, Old Palasia, Indore, Madhya Pradesh 452018
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