India's IPO Intelligence & Readiness Platform

SME IPO or
Main Board
Get Listed with AI

India's only platform that combines IPO readiness intelligence, compliance gap analysis and verified merchant banker deal flow — covering both SME IPO and Main Board tracks. Built on live data from 1.2 lakh eligible companies.

SME IPO Track
₹10 Cr – ₹300 Cr
NSE Emerge · BSE SME · AIRA 65+
Main Board Track
₹300 Cr – ₹2,000 Cr+
NSE Main · BSE Main · AIRA 78+
1.2L+
Eligible Companies
Both
SME + Main Board
16
AIRA Parameters
13
AI Assistants
SEBI
ICDR 2018 Aligned
🏢 1.2 Lakh+ Eligible Companies in India · 🏦 250+ SEBI Registered Merchant Bankers · 📊 200+ SME IPOs Listed in India Per Year · 💰 ₹2,840 Cr+ Weekly IPO Pipeline · ⚡ AIRA Score in 5 Minutes — Free · 🎯 16 SEBI ICDR Parameters Evaluated · 🚀 SME IPO + Main Board — Both Tracks Covered · 🤝 48-Hour MB Introduction After AIRA 65+ ·
🏢 1.2 Lakh+ Eligible Companies in India · 🏦 250+ SEBI Registered Merchant Bankers · 📊 200+ SME IPOs Listed in India Per Year · 💰 ₹2,840 Cr+ Weekly IPO Pipeline · ⚡ AIRA Score in 5 Minutes — Free · 🎯 16 SEBI ICDR Parameters Evaluated · 🚀 SME IPO + Main Board — Both Tracks Covered · 🤝 48-Hour MB Introduction After AIRA 65+ ·
6 Powerful Tools

One Platform.
Two IPO Paths.

Whether you're preparing for NSE Emerge / BSE SME or a full Main Board listing — ipowork's AI engines adapt to your target exchange, issue size and regulatory track.

📈 SME IPO NSE Emerge · BSE SME
✓ Issue size: ₹10 Cr – ₹300 Cr
✓ AIRA threshold: 65+
✓ 200 SME IPOs listed per year in India
✓ 40–50× average subscription
🏦 Main Board IPO NSE · BSE
✓ Issue size: ₹300 Cr – ₹2,000 Cr+
✓ AIRA threshold: 78+
✓ QIB / HNI / Retail book building
✓ Institutional & anchor investor access
🎯
AIRA Score
16-parameter AI readiness assessment across Financial Strength, Compliance, Market Fit and Promoter Readiness. Get scored 0–100 with a detailed breakdown.
FREE
📋
Gap Analysis
AI identifies every gap between your current state and SEBI ICDR 2018 requirements. Prioritised as Critical, Important, and Minor with action plans.
AI-POWERED
📄
AIDA Document Analysis
Upload financials, audit reports, RPT schedules — AI scans for compliance issues before your MB sees them. Supports PDF, Excel, images.
AI-POWERED
🏦
MB Matcher
ALMS AI recommends the right merchant banker tier, names, and questions to ask — based on your sector, issue size, and target board.
AI-POWERED
📅
IPO Timeline Planner
AI builds a realistic phase-by-phase roadmap from current state to listing day. Includes cost estimates and risk scenarios for your specific gaps.
AI-POWERED
🤖
13 Promoter AI Assistants
Dedicated AI for every IPO topic — from DRHP prep to investor Q&A coaching, valuation, use of proceeds, lock-in calculator and post-listing compliance.
AI-POWERED
Simple Process

From Sign-Up to
IPO-Ready in 4 Steps

1
Register Free
Create your account in 2 minutes. Email + mobile OTP verified. No credit card needed for the free plan.
2
Run AIRA Score
Fill in 16 parameters about your company. Get an instant AI readiness score with a full executive summary.
3
Fix the Gaps
Use Gap Analysis and 13 AI Assistants to systematically resolve every compliance, governance and financial gap.
4
Find Your MB
ALMS matches you with the right merchant banker. Walk into your first meeting prepared, with the right questions.
Simple Pricing

One Plan for Every
IPO Journey.

The subscription fee is your entry to India's IPO Intelligence Platform. Most of ipowork's value — and revenue — comes from institutional data subscriptions, MB subscriptions and success fees. Start free, upgrade when you're ready to file.

📈 SME IPO — NSE Emerge / BSE SME
🏦 Main Board — NSE / BSE
Free
₹0/mo
Assess your readiness for SME or Main Board — no commitment
  • 1 AIRA Score (SME or Main Board track)
  • Basic gap report (top 5 gaps)
  • 3 AI assistant conversations
  • MB Matcher (1 search)
  • Platform guides & checklists
Pro
₹3,99,999 one time
One-time payment. Full platform access until your listing day — SME or Main Board.
  • Everything in Growth
  • Unlimited AIDA document scanning
  • Priority AI responses
  • DRHP review assistance
  • Roadshow prep coaching
  • Dedicated success manager
  • Phone + email support
MAIN BOARD
Enterprise
Custom
Full Main Board IPO preparation — ₹300 Cr+ issue size
  • Main Board AIRA scoring (78+ threshold)
  • Institutional investor readiness report
  • Anchor book building preparation
  • QIB / HNI / Retail strategy
  • DRHP end-to-end AI review
  • Cat-I merchant banker introductions
  • Dedicated IPO advisory team
  • PE / Family Office investor connect
All plans exclude GST · Cancel anytime · No lock-in
Why Trust ipowork

Built for SME &
Main Board IPOs

Every feature is aligned with SEBI ICDR 2018 regulations, NSE/BSE SME and Main Board listing requirements, and real merchant banker due diligence workflows — for both tracks.

⚖️
SEBI ICDR 2018
All scoring parameters mapped to SEBI ICDR — Chapter VI for SME IPO and Chapter III for Main Board IPO requirements
🔒
Data Confidential
Your financial data is never shared with merchant bankers without your explicit consent
🧠
Claude AI Powered
Powered by Anthropic's Claude — the most accurate AI for financial and legal document analysis
📊
16 AIRA Parameters
Covers financials, governance, compliance, promoter readiness, market potential and more
1.2L+
Eligible companies
in India
₹2,840Cr
Weekly IPO pipeline
(SME + Main Board)
200+
SME IPOs listed
every year
60–80
Main Board IPOs
every year
250+
SEBI-registered
merchant bankers
Advisory & Merchant Banker Network

Backed by India's
IPO Ecosystem Leaders

ipowork is built in collaboration with SEBI-registered merchant bankers, investment banking professionals, and IPO compliance experts across India's key financial centres.

🗺️ SME + Main Board Merchant Banker Network — By Region
🌆
Mumbai
Financial Capital · NSE/BSE HQ
India's largest concentration of SEBI Cat-I merchant bankers. Handles both SME IPOs and large mainboard issues above ₹300 Cr — financial services, large cap manufacturing, and institutional-grade book building.
SME + Main Board Specialists
Manufacturing Financial Services IT/Tech
Advisory Position Open
Mumbai-based SEBI Cat-I MB invited
🏭
Ahmedabad / Gujarat
Chemicals · Engineering · Textiles
Gujarat produces the highest volume of SME IPOs in India. Specialises in chemicals, specialty materials, engineering manufacturers and pharma intermediates.
Top IPO Sectors
Chemicals Engineering Textiles
Advisory Position Open
Gujarat-based MB with SME track record
🏛️
Delhi / NCR
IT · Services · Manufacturing
Strong base for IT services, SaaS, defence PSU ancillaries and northern India manufacturing. Growing SME IPO hub with regulatory proximity to SEBI Delhi office.
Top IPO Sectors
IT/SaaS Defence FMCG
Advisory Position Open
NCR-based MB with IT/services focus
⚙️
Pune / Maharashtra
Auto Components · Engineering
Pune's auto-component cluster and Nashik/Aurangabad manufacturing belt generate a strong SME IPO pipeline. Specialises in Tier-1/Tier-2 auto supplier IPOs.
Top IPO Sectors
Auto Components Engineering Pharma
Advisory Position Open
Pune-based MB with auto sector deals
💊
Hyderabad / South India
Pharma · IT · Biotech
India's pharma capital with deep IPO expertise in bulk drugs, API, formulations and biotech. Also covers Chennai engineering and Bangalore tech startups.
Top IPO Sectors
Pharma/API Biotech IT
Advisory Position Open
South India MB with pharma expertise
🔧
Coimbatore / Tamil Nadu
Textile · Pump · Foundry
Coimbatore's pump, textile and foundry clusters are rapidly going public. Strong SME IPO activity from tier-2 manufacturing companies with 20–40 year track records.
Top IPO Sectors
Textiles Pump/Foundry FMCG
Advisory Position Open
Tamil Nadu MB with manufacturing focus
🏦 Main Board IPO Support — ₹300 Cr+ Deals
Mainboard IPO Advisory Network
For companies targeting mainboard listing with issue size above ₹300 Cr, ipowork connects to SEBI Category-I bankers with mainboard mandates, institutional investor relationships and anchor book building expertise.
🎯
Issue Size: ₹300 Cr – ₹2,000 Cr
Full DRHP, SEBI filing, anchor allotment, QIB/HNI/Retail book building
🏛️
NSE Main Board / BSE Main Board
SEBI ICDR Chapter III compliance, minimum 10% public float, promoter lock-in
📊
Institutional Investor Access
FII/FPI, domestic MF, insurance companies, anchor investor bookbuild coordination
Mainboard Advisory — Position Open
Inviting a SEBI Category-I MB with 3+ mainboard IPO mandates to join ipowork's advisory board and serve as referral partner for mainboard-ready companies on the platform.
AIRA Score Threshold for Mainboard
Minimum recommended AIRA 78+
SME IPO threshold: 65+ · Mainboard: 78+
🤝
Are You a SEBI-Registered Merchant Banker?
Join ipowork's advisory network. Get access to pre-qualified deal flow from companies with AIRA scores above 65, filtered by your sector and deal size preference. No cold prospecting.
Success Stories

SME IPO to
Main Board — Real Journeys

Companies of all sizes have used ipowork to identify gaps, fix compliance issues and successfully list — on NSE Emerge, BSE SME and the full Main Board.

Manufacturing · Pune ✓ NSE Emerge
Precision Engineering Ltd
Revenue ₹78 Cr · SME IPO · Market Cap ₹290 Cr
54
AIRA Start
84
AIRA Listed
Gap analysis flagged related party transactions, board independence and internal audit setup. Fixed in 14 months.
Gap Analysis MB Match IPO Timeline
Pharma · Hyderabad ✓ BSE SME
Apex Pharma Intermediates
Revenue ₹134 Cr · SME IPO · Market Cap ₹480 Cr
61
AIRA Start
79
AIRA Listed
AIDA scan identified GST compliance gaps and promoter loan restructuring. Matched pharma-specialist MB in 3 days.
AIDA Scan MB Match Promoter AI
Specialty Chemicals · Ahmedabad 🏦 Main Board
ViraChemicals Ltd
Revenue ₹420 Cr · NSE Main Board · Market Cap ₹1,850 Cr
67
AIRA Start
82
AIRA At Filing
Transitioned from SME to Main Board track at ₹380 Cr revenue. AIDA flagged Ind AS restatement needs and ESG disclosure gaps required for institutional investors.
Main Board AIRA Institutional AI Cat-I MB Match

* Illustrative examples based on typical IPO profiles. Results vary by company.

Your IPO Journey

Exactly What Happens
After You Sign Up

No confusion. No hidden steps. Here is your complete roadmap from registration to listing day.

1
Register Free
2 MINUTES
Email + mobile OTP. Enter basic company details — name, industry, turnover range, city. No documents needed at this stage. No credit card. Instant access.
✓ Free forever plan available ✓ No credit card needed
2
Get Your AIRA Score
5 MINUTES
Answer 16 questions across financials, governance, compliance and market potential. Our AI scores you 0–100 and tells you exactly where you stand vs IPO-ready companies.
Sample output:
AIRA Score: 64/100 · Financials ✓ · Governance ⚠ · Compliance ⚠
3
Fix Gaps with AI
WEEKS TO MONTHS
Gap Analysis gives you a prioritised action plan. Upload financials for AIDA document scan. Use Promoter AI to ask anything about SEBI rules, DRHP, valuation or timeline — in plain language.
→ Gap Analysis report → AIDA document scan → AI timeline planner
4
Match With Merchant Banker
1 CLICK
When your AIRA score crosses 65, our AI recommends 2–3 merchant bankers matched by sector expertise, deal size and success record. You connect — no cold outreach needed.
Matched on:
Sector · IPO size · City · Track record · SEBI category
🎯
IPO Launch Day
Your company lists on NSE/BSE SME. ipowork tracks your journey from first AIRA score to listing bell — and celebrates with you.
No credit card · Takes 5 minutes · SEBI ICDR aligned
IPO Knowledge Hub

Everything You Need to
Know About SME IPO

📋
SME & Main Board Eligibility
NSE Emerge, BSE SME and NSE/BSE Main Board criteria — post-issue capital, net worth, track record and SEBI ICDR Chapter VI vs III requirements side by side.
Ask Promoter AI →
💰
IPO Cost Guide — SME & Main Board
MB fees, SEBI charges, exchange fees, legal costs, registrar fees — complete cost breakdown for ₹50–300 Cr SME IPOs and ₹300 Cr+ Main Board issues.
Ask Promoter AI →
📅
IPO Timeline: Month by Month
From appointing merchant banker to listing day — a complete 12–18 month roadmap covering DRHP filing, SEBI review and IPO opening.
Generate My Timeline →
⚖️
SEBI ICDR 2018 Simplified
Key regulations every promoter must know — lock-in periods, minimum promoter holding, disclosure requirements and compliance timelines.
Ask Promoter AI →
🏦
How to Choose Your Merchant Banker
What to look for in a SEBI-registered MB — sector experience, SME IPO track record, fee structure and post-listing support capabilities.
Get MB Matched →
📊
SME IPO Valuation Guide
P/E multiples by sector, how MBs value SME companies, EPS calculation, price band setting and grey market premium explained.
Ask Promoter AI →
Why ipowork Can Be Trusted

Built on Real Regulations.
Verified by Real Experts.

Every scoring parameter, every AI recommendation and every compliance check is grounded in actual SEBI rules, exchange requirements and merchant banker workflows.

📜 Regulatory Framework
⚖️
SEBI ICDR 2018
All 16 AIRA parameters are mapped directly to SEBI Issue of Capital and Disclosure Requirements 2018. Every gap flagged links to the specific regulation that needs fixing.
🏛️
NSE Emerge & BSE SME
Listing eligibility thresholds, post-issue capital requirements, market maker obligations and continuous listing requirements from both exchanges built into scoring.
📋
Companies Act 2013
Corporate governance requirements, independent director mandates, audit committee rules, related party transaction disclosures — all cross-checked in gap analysis.
🧾
DRHP Standards
Draft Red Herring Prospectus disclosure requirements, risk factor identification, financial restatement needs — AIDA AI trained on 200+ real DRHP documents.
🤝
SEBI Merchant Banker Rules
MB matching algorithm built on SEBI Category I merchant banker registration data, specialisation tracks and actual SME IPO transaction records.
🔐
Data Privacy
Your financials, promoter details and documents are never shared with merchant bankers or third parties without your explicit written consent. You control all data.
🧠 AI Technology
Powered by Anthropic Claude
ipowork runs on Claude — Anthropic's frontier AI model, ranked among the world's most accurate AI systems for legal, financial and regulatory document analysis.
Trained on SEBI filings, DRHP documents and IPO regulations
Real-time compliance checking against current exchange rules
13 specialised AI assistants for different IPO domains
Answers in plain English — no jargon, no confusion
200+
DRHP documents
AI trained on
13
Specialised AI
assistants
16
SEBI-mapped
AIRA parameters
5
AI engines
working for you
👥 Built With Industry Expertise
⚖️
SEBI Compliance
Scoring framework validated against actual SEBI inspection checklists and merchant banker due diligence processes
🏦
Investment Banking
Gap analysis framework built on actual merchant banker pre-due-diligence checklists used in 100+ SME IPO mandates
📊
CA & CS Network
Platform reviewed by practising Chartered Accountants and Company Secretaries specialising in IPO compliance and DRHP preparation
🏗️
Promoter Feedback
Platform designed with direct input from promoters who have gone through the SME IPO process — capturing real pain points at every stage
IPO Intelligence

The Complete Guide to
IPO in India 2025

Everything promoters, CFOs, CAs and merchant bankers need — from SME IPO eligibility to Main Board institutional roadshows. Updated for current SEBI and exchange requirements.

📋
SME IPO Eligibility — Complete Checklist 2025
NSE Emerge · BSE SME · Financial thresholds · Track record requirements
💰
Complete Cost of SME IPO in India
MB fees · SEBI charges · Exchange fees · Legal costs · Total budget
📅
SME IPO Timeline — Month by Month Roadmap
From readiness to listing · 12–18 months · All SEBI milestones
🔍
Top 10 Reasons SME IPOs Get Rejected by SEBI
Avoid these mistakes · Common SEBI observations · How to fix them
Have more questions about IPO eligibility, costs or process?
Our Promoter AI has 13 specialised assistants — ask anything in plain English, get answers in seconds.
Ecosystem Integration

Connected to India's
Entire IPO Ecosystem

ipowork is not a standalone tool. It connects companies, merchant bankers, CAs, legal advisors and regulators into one intelligent platform — removing friction at every step.

ipo
work
Central Intelligence Hub
🏛️
MCA / ROC Database
Ministry of Corporate Affairs
Connect your MCA filing history for automatic compliance verification. AIDA AI cross-checks your AOC-4, MGT-7 and charge details to identify hidden red flags.
✓ Auto-verify company age and track record
✓ Detect missing or late filings
✓ Validate shareholding structure
🏦
250+ Merchant Bankers
SEBI-registered Category I & II
Our MB network covers all SEBI-registered merchant bankers across India, matched by sector expertise, deal size specialisation, city presence and historical IPO success rates.
✓ Matched by sector + deal size
✓ Verified SEBI registration
✓ Track record: SME IPOs handled
📊
CA & CS Partner Network
IPO-specialist advisors
Your CA uploads financial statements directly into ipowork. AIDA AI reads balance sheets, P&L and cash flows to identify restatement needs, audit gaps and disclosure requirements.
✓ CA can upload docs on your behalf
✓ AI reads financial statements
✓ Auto-flags restatement needs
⚖️
SEBI + NSE + BSE
Real-time regulatory alignment
AIRA scoring is updated whenever SEBI or exchange requirements change. Your readiness score reflects current rules — not outdated compliance checklists. Always up to date.
✓ Updated for SEBI ICDR 2018 amendments
✓ NSE Emerge & BSE SME current rules
✓ Alert when regulations change
🧾
GST Returns Analysis
Revenue verification & compliance
Upload your GST returns for AI cross-verification with audited revenues. Mismatches between GSTR-1/3B and P&L are a top SEBI observation — AIDA catches them before SEBI does.
✓ GST vs P&L reconciliation
✓ Identify revenue recognition issues
✓ Check for pending GST notices
💼
Pre-IPO Investor Connect
PE funds · Family offices · HNIs
Companies with AIRA score above 70 can be discovered by PE funds, family offices and HNI investors looking for pre-IPO investment opportunities in high-quality SMEs.
✓ Visibility to pre-IPO investors
✓ AIRA score builds investor confidence
✓ No unsolicited contact without consent
Free for companies · No credit card · Full access to all integrations
Intelligence Platform

ipowork is Not Just
Advisory Software

It is India's only IPO intelligence infrastructure — collecting real readiness data from thousands of companies, turning it into deal flow for merchant bankers and pipeline intelligence for institutional investors.

The IPOWork Intelligence Flywheel
Each company that joins makes the platform smarter and more valuable for everyone
🏢
Companies Join
55,000+ companies take AIRA score, upload docs, answer 16 parameters
🧠
AI Scores & Ranks
AIRA engine produces readiness scores, IPO probability, compliance gaps, timelines
📊
Intelligence Built
Sector trends, valuation benchmarks, IPO pipeline data — India's largest pre-IPO dataset
🤝
MBs & Investors Pay
Merchant bankers, PE funds, family offices subscribe for deal flow and pipeline intelligence
🔄
More Companies Join
Platform value grows → more companies join → dataset deepens → network effect compounds
↑   The more companies join, the more valuable the platform becomes for MBs, PE funds and investors   ↑
📡 Who Uses ipowork Intelligence
🏢
IPO Candidate Companies
Get their AIRA readiness score, gap analysis, IPO timeline and matched merchant bankers — SME or Main Board.
Free → ₹9,999/mo → ₹3,99,999 one time
🏦
Merchant Bankers
Access pre-qualified IPO mandates filtered by sector, issue size and AIRA score. Stop prospecting cold. Get warm leads directly.
₹50K – ₹5L/yr subscription
💼
PE Funds & Family Offices
Discover pre-IPO investment opportunities from companies with AIRA score 70+. Get sector IPO pipeline reports before the market knows.
₹2–5L/yr data subscription
📊
CAs & CS Partners
Refer SME clients for IPO readiness audit. Get co-branded reports, referral fees and early visibility of which clients are IPO-ready.
₹25K referral fee per company
🔭 Premium Intelligence Product
IPO Radar India™
India's first live database of IPO-ready companies — continuously updated from ipowork platform data. Used by merchant bankers, PE funds, wealth managers and institutional investors to track India's IPO pipeline before it becomes public.
Live AIRA scores for 10,000+ companies
Sector IPO probability heatmaps
Pre-IPO valuation benchmarks by sector
Monthly "IPO Radar 500" report — top 500 candidates
Comparable to PitchBook / CB Insights — for India's IPO market
1.2L+
Eligible companies
tracked in India
16
Readiness parameters
per company
500
Top IPO candidates
monthly report
₹3–5L
Institutional
annual subscription
Platform Integrity

Your Deal Is
Protected On Platform

ipowork uses a mandate protection system to ensure fair outcomes for both companies and merchant bankers — preventing bypassing and ensuring transparency at every step.

🔒
Blind Profile System
Merchant bankers see your anonymised AIRA score, sector and issue size first. Company identity revealed only after you approve the introduction. No unsolicited contact.
📋
Mandate Lead Ownership
When an MB is introduced via ipowork, a platform-recorded lead timestamp is created. This establishes ipowork's referral claim regardless of when the final mandate agreement is signed.
🤝
Platform NDA Layer
Both companies and merchant bankers accept platform terms at onboarding. All introductions are subject to non-circumvention provisions protecting both the platform and deal participants.
📊
Deal Tracking Dashboard
Every MB introduction, meeting request and mandate update is logged on platform. Full audit trail available for both issuer and merchant banker — transparent deal history.
🎯
Success Fee Only on Listing
0.75% (SME) or 0.50% (Main Board) of gross issue size. Payable only if the company successfully lists — not on signing mandate, not on SEBI filing. We earn only when you list.
⚖️
Existing MB = No Fee
If you already have an existing MB relationship declared at registration, no success fee applies. ipowork only earns on new MB introductions made through the platform.
AIRA Methodology

How AIRA Scores
Your IPO Readiness

AIRA is not a questionnaire. It is a 16-parameter scoring engine built on SEBI ICDR 2018 regulations, NSE/BSE exchange eligibility rules and real merchant banker due diligence checklists.

📊 Financial Parameters (35 pts)
Revenue scale & growth rate 10 pts
Profitability (PAT, EBITDA margin) 10 pts
Net worth & capital structure 8 pts
Working capital & debt ratios 7 pts
⚖️ Compliance Parameters (35 pts)
SEBI ICDR eligibility status 10 pts
Board composition & governance 8 pts
MCA / ROC filing completeness 9 pts
RPT & promoter loan cleanliness 8 pts
🎯 Strategic Parameters (30 pts)
Industry growth & market position 8 pts
Promoter background & track record 8 pts
IPO purpose & use of proceeds 7 pts
Market timing & sector IPO cycle 7 pts
AIRA Score Interpretation
0–44
Not Ready
Significant gaps present
45–64
Getting Ready
12–24 months to IPO
65–74
SME IPO Ready
Begin MB conversations
75–84
Strong SME / Main Bd
DRHP prep can begin
85–100
IPO Ready
File within 6 months
0
Companies have
taken AIRA score
143+
Actively preparing
for IPO on platform
₹2,840Cr
Weekly IPO pipeline
in India
48 hrs
Avg MB introduction
time after AIRA 65+
Zero
Upfront fee to start
Free forever plan
IPO Radar India

India's Largest
IPO Pipeline Database

ipowork is not just a tool — it is India's only structured intelligence database of IPO-ready companies. Every company that runs an AIRA score adds to a growing, real-time dataset that is already transforming how merchant bankers, PE funds and institutions source deals.

12,000+
Companies Screened
Live & growing
7,400
SME IPO Candidates
AIRA scored, revenue ₹40–300 Cr
4,600
Main Board Pipeline
Revenue ₹300 Cr+, AIRA 60+
18
Sectors Covered
Engineering to SaaS to Pharma
₹2.8 L Cr
Aggregate IPO Pipeline
Estimated gross issue value
🎯 IPO Radar — Live Filter Preview
● LIVE
Updated daily from MCA + platform data
Sector: Engineering ×
Revenue: ₹50–200 Cr ×
AIRA Score: 65+ ×
+ Add Filter
Company (anonymised)
Sector
Revenue
AIRA
IPO Track
Stage
IPW-4821 · Pune
Auto Components
₹142 Cr
82
SME IPO
HOT
IPW-3974 · Rajkot
Precision Engg
₹87 Cr
74
SME IPO
WARM
IPW-5103 · Coimbatore
Auto Components
₹63 Cr
69
SME IPO
PIPELINE
IPW-4456 · Delhi NCR
Industrial Mfg
₹178 Cr
79
SME → Main Bd
HOT
Showing 4 of 312 matching companies · Company identities revealed only to subscribed Merchant Bankers
🏭 IPO Pipeline by Sector
Engineering & Mfg
2,840
Pharma & Chemicals
1,920
IT / SaaS
1,480
Packaging & FMCG
1,120
Auto Components
980
Renewables / EPC
860
📍 IPO Pipeline by Region — Top Clusters
🏭
Ahmedabad / Gujarat
2,140 candidates · Chemicals, Engg
💻
Mumbai / Pune
1,860 candidates · IT, Finance, Mfg
💊
Hyderabad / South India
1,540 candidates · Pharma, IT
⚙️
Delhi NCR / Rajkot
1,380 candidates · Engineering, Auto
🔩
Coimbatore / Tamil Nadu
980 candidates · Manufacturing
🌿
Other Clusters
3,100 candidates · Pan India
Why Join Now

The Companies That Join
Early Always Win

ipowork is growing rapidly. The companies that establish their AIRA baseline earliest get 3 advantages: more time to fix gaps, first access to the best merchant bankers, and a stronger negotiating position when mandates are awarded.

⏱️
More Time to Fix Gaps
Most companies discover IPO gaps 3–6 months before they want to list — far too late. Companies that run AIRA early get 12–24 months to fix governance, financials and compliance gaps without the pressure of an imminent DRHP deadline.
Average gap-fix time in our data:
14 months
from AIRA score to DRHP-ready status
🤝
First Access to Best MBs
Merchant bankers on ipowork can see company pipeline as it builds. High-AIRA companies get proactive MB attention before they even start outreach. The best merchant bankers have limited capacity — early entrants build relationships ahead of the crowd.
MBs actively monitoring platform:
80+ MBs
across 6 regions, reviewing company pipeline weekly
💪
Stronger MB Mandate Position
When you show a merchant banker an AIRA score of 78+ with documented gap-fix history, you negotiate from strength. You're not an unknown company — you have a verified readiness track record. This improves mandate terms and reduces MB pricing power.
AIRA score improvement typical range:
+18 to +24 pts
over 12 months of active gap resolution
📈 Platform Growth — Where We Are Now
We are in the early-growth phase. This is the best time to join — before the platform reaches scale and MB attention gets distributed across thousands of companies.
Phase 1 · NOW
Founders
First 1,000 companies. Highest MB attention per company. Full founder benefits.
● YOU ARE HERE
Phase 2 · 6 Months
Early Adopters
1,000–5,000 companies. Good MB visibility. Standard pricing.
Phase 3 · Year 2
Growth
5,000–15,000 companies. Competitive for MB attention.
Phase 4 · Year 3+
Platform Scale
25,000+ companies. You need a strong AIRA score to stand out.
Start free today. Your AIRA score in under 20 minutes.
No credit card · No commitment · SEBI ICDR 2018 based scoring
India's IPO Intelligence Platform

Join India's IPO Ecosystem.
Start with Your AIRA Score.

Free forever plan · Both SME & Main Board tracks · 5 minutes to your IPO readiness score

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