Services
SM Investment Services
NBFC Industry
The firm has been instrumental in fund raising to NBFCs, MFIs, HFCs since 2014. It has arranged funding in the form of debt, sub-debt, and equity aggregating more than Rs. 4500 Cr till date for 103 plus NBFCs/ MFI/ HFCs. This has been backed by best rates in client book with unmatched TAT.
Real Estate
The scope for real estate players having good track record is huge to get them debt or structural funding for starting, completing, and finishing the project including takeover at better rates/ terms. We take care for Project Funding in form of new credit line or takeover of loans at better rate/terms with enhancement.
Manufacturing / Services / Trading
There have been number of proposal wherein we have arranged funds at good rate & terms for our customers. We take care of Debt Funding requirements for various needs of a new, emerging or existing player across the country.
DeltaCoin Financial Services Pvt Ltd
Deltacoin Financial provides one stop shop for companies wanting to list on exchanges for an initial public offering (IPO). Right from Pre IPO to restructuring of existing capital structure to compliance to listing on exchange, Deltacoin provides the solution under one roof.
SME IPO
SME IPOs play a crucial role in India’s socio-economic growth, as Small and Medium Enterprises (SMEs) have become indispensable contributors to the nation’s development.SMEs offer a cost-effective platform and contribute to job creation, with over 66 lakh new enterprises registered in India as of 2022. Typically funded by private investors, SMEs can transition to public status, accessing capital from a broader pool of investors.
anies funded by private investors. By going public, SMEs can access funds from public investors, expanding their capital base and fueling growth opportunities.
SME IPOs, akin to conventional IPOs, are offerings launched by Small and Medium Enterprises (SMEs) seeking additional capital. When private funding falls short, SMEs turn to IPOs to fulfill their financial needs. Following the IPO, SME shares are listed on the stock exchange, enabling public investors to acquire ownership stakes by purchasing shares.
Incorporation under the Companies Act, 1956 is a prerequisite for SME eligibility.
Its face value (post issue paid-up capital) should not exceed ₹25 Crore.
The SME’s net tangible assets must amount to at least ₹1.5 Crore.
If formed from partnership, proprietorship, or LLP firms, the SME needs a track record of a minimum of three years.
The SME should have a website.
The company’s promoters must remain unchanged for a minimum of one year post filing the IPO.
The SME must commit to trading in Demat securities, ensuring compliance with market standards.
The SME should enter into a contract with the depositories.
Main Board IPO: Rs 10 crore minimum capital for established firms.
Main Board IPOs are conventional offerings listed and traded on the stock exchange platforms of NSE/BSE. To qualify as an issuer of IPOs, SEBI has established two routes for companies to adhere to. This framework ensures that companies meet certain eligibility criteria before proceeding with their IPO offerings, maintaining transparency and reliability in the market.
Eligibility for IPO requires meeting specified profit standards.
a) The company is required to have net tangible assets totaling at least Rs 3 crores in each of the three preceding years.
b) The company should have an average operating profit (before tax) of at least Rs 15 crore in any of the three years out of the last five years.
(In the event of a name change, at least 50% of the previous year’s revenue must derive from operations under the new name.)
c) The issue size should not exceed five times the net worth of the company before the issue (pre-issue).
The QIB route, introduced by SEBI, offers an alternative path for genuine and capable companies that may not meet stringent profitability criteria for IPO eligibility. These companies must ensure compliance with specific requirements when proceeding with an IPO through the QIB route.
IPO through the book-building process.
a) Ensure at least 75% of the net offering is allocated to qualified institutional buyers (QIBs).
b) Refund of IPO subscription money if the minimum allotment requirement is not met.
a) No disciplinary actions are pending against the founders, promoters, directors, or selling shareholders of the company.
b) The promoters/directors/founders/investors/issuing company should not be barred from accessing the capital markets . The company is ineligible to apply for an IPO until the expiration of the debarment period.
c) The promoters/managers/founders/investors should not be affiliated with another company that is excluded from access to capital markets.
d) The promoters/directors/founders/investors should not be defaulters.
e) Promoters, directors, founders, and investors must not be categorized as fugitive offenders under the Fugitive Economic Offenders Act 2018.
f) The promoters should individually or collectively own at least 20% of the equity after the IPO.
In addition to the IPO guidelines prescribed by SEBI, following are the additional requirements by exhanges that the issuing company meet the following eligibility criteria:
a) At least one promoter should have at least 3 years of experience in the same industry.
b) The issuing company must submit to the NSE the annual reports for the last three fiscal years.
c) The company has a positive net worth. (This clause applies specifically to companies with an issue size of less than Rs 500 crore).
d) The company’s post-issue paid-up equity must exceed Rs 10 crore.
e) Market capitalization should be more than Rs 25 Cr.
f) The company should provide the Exchange with a certificate confirming that:
1 – There are no proceedings pending against the issuer under the Insolvency and Bankruptcy Law.
2 – The company has not received a winding-up petition from the NCLT (National Company Law Tribunal).
Mainboard IPO
SME IPO
SME IPOs play a crucial role in India’s socio-economic growth, as Small and Medium Enterprises (SMEs) have become indispensable contributors to the nation’s development.SMEs offer a cost-effective platform and contribute to job creation, with over 66 lakh new enterprises registered in India as of 2022. Typically funded by private investors, SMEs can transition to public status, accessing capital from a broader pool of investors.
anies funded by private investors. By going public, SMEs can access funds from public investors, expanding their capital base and fueling growth opportunities.
SME IPOs, akin to conventional IPOs, are offerings launched by Small and Medium Enterprises (SMEs) seeking additional capital. When private funding falls short, SMEs turn to IPOs to fulfill their financial needs. Following the IPO, SME shares are listed on the stock exchange, enabling public investors to acquire ownership stakes by purchasing shares.
Incorporation under the Companies Act, 1956 is a prerequisite for SME eligibility.
Its face value (post issue paid-up capital) should not exceed ₹25 Crore.
The SME’s net tangible assets must amount to at least ₹1.5 Crore.
If formed from partnership, proprietorship, or LLP firms, the SME needs a track record of a minimum of three years.
The SME should have a website.
The company’s promoters must remain unchanged for a minimum of one year post filing the IPO.
The SME must commit to trading in Demat securities, ensuring compliance with market standards.
The SME should enter into a contract with the depositories.
Main Board IPO: Rs 10 crore minimum capital for established firms.
Main Board IPOs are conventional offerings listed and traded on the stock exchange platforms of NSE/BSE. To qualify as an issuer of IPOs, SEBI has established two routes for companies to adhere to. This framework ensures that companies meet certain eligibility criteria before proceeding with their IPO offerings, maintaining transparency and reliability in the market.
Eligibility for IPO requires meeting specified profit standards.
a) The company is required to have net tangible assets totaling at least Rs 3 crores in each of the three preceding years.
b) The company should have an average operating profit (before tax) of at least Rs 15 crore in any of the three years out of the last five years.
(In the event of a name change, at least 50% of the previous year’s revenue must derive from operations under the new name.)
c) The issue size should not exceed five times the net worth of the company before the issue (pre-issue).
The QIB route, introduced by SEBI, offers an alternative path for genuine and capable companies that may not meet stringent profitability criteria for IPO eligibility. These companies must ensure compliance with specific requirements when proceeding with an IPO through the QIB route.
IPO through the book-building process.
a) Ensure at least 75% of the net offering is allocated to qualified institutional buyers (QIBs).
b) Refund of IPO subscription money if the minimum allotment requirement is not met.
a) No disciplinary actions are pending against the founders, promoters, directors, or selling shareholders of the company.
b) The promoters/directors/founders/investors/issuing company should not be barred from accessing the capital markets . The company is ineligible to apply for an IPO until the expiration of the debarment period.
c) The promoters/managers/founders/investors should not be affiliated with another company that is excluded from access to capital markets.
d) The promoters/directors/founders/investors should not be defaulters.
e) Promoters, directors, founders, and investors must not be categorized as fugitive offenders under the Fugitive Economic Offenders Act 2018.
f) The promoters should individually or collectively own at least 20% of the equity after the IPO.
In addition to the IPO guidelines prescribed by SEBI, following are the additional requirements by exhanges that the issuing company meet the following eligibility criteria:
a) At least one promoter should have at least 3 years of experience in the same industry.
b) The issuing company must submit to the NSE the annual reports for the last three fiscal years.
c) The company has a positive net worth. (This clause applies specifically to companies with an issue size of less than Rs 500 crore).
d) The company’s post-issue paid-up equity must exceed Rs 10 crore.
e) Market capitalization should be more than Rs 25 Cr.
f) The company should provide the Exchange with a certificate confirming that:
1 – There are no proceedings pending against the issuer under the Insolvency and Bankruptcy Law.
2 – The company has not received a winding-up petition from the NCLT (National Company Law Tribunal).
Mainboard IPO
DeltaCoin Nidhi Limited
The company provides saving and credit services to its members within ambit of regulations in its area of operation.
