Client Profile:
A mid-sized manufacturing company operating in industrial equipment and project supply verticals
(Annual revenue: ~₹90 crore / ~$11 million USD; planning an SME IPO within 12–18 months)
Engagement Scope:
The company engaged CFO Pulse to assess and strengthen its internal systems in preparation for a potential SME IPO, ensuring regulatory compliance, investor-grade reporting, and strategic positioning.
CFO Pulse Approach:
📊 1. Financial Reporting & Governance Review
- Reviewed historical financial statements, adjusted accounting treatments for IPO-readiness
- Advised on standardizing revenue recognition, cost classification, and internal closing procedures
- Created a monthly MIS format aligned with public reporting standards
📋 2. Internal Control & Compliance Readiness
- Identified gaps in internal controls and documentation that could hinder IPO processes
- Reviewed ROC, tax, GST, and regulatory filings for consistency and accuracy
- Worked with internal teams to align processes with auditor and merchant banker expectations
📈 3. IPO Positioning & Roadmap
- Created a valuation benchmarking deck comparing peers listed on SME exchanges
- Advised on capital structuring, promoter contribution norms, and pre-IPO cleanup
- Coordinated with CA, CS, and legal teams to define a 12-month IPO execution roadmap
Tangible Results:
- Company received green light from its lead advisors to proceed with IPO
- Financial systems and controls now aligned with public company expectations
- Created investor-ready positioning and MIS structure
- CFO Pulse continues to advise the company as part of its IPO transition phase
