SKI Capital, PROSE boost SME IPOs

New Delhi: Merchant banker SKI Capital on Monday said it has collaborated with communication firm PROSE Integrated to tap over Rs 2,500 crore Indian Small and Medium Enterprises (SME) IPO market. The main aim of this alliance is to make entrepreneurs and promoters of SMEs as well as potential investors aware of this opportunity, the two firms said in a joint statement.

Earlier this year, SKI Capital achieved registration from the Sebi for its alternative investment fund (AIF) focused on the SME initial public offerings (IPOs). With a target corpus of Rs 600 crore, the AIF is specifically focused on providing SMEs with vital capital and strategic support.

SKI Capital’s AIF also closed its first and initial investment in an SME IPO and filed DRHP (drat red herring prospectus) for two SME IPOs as the lead manager. PROSE Integrated will provide deep domain expertise to identify potential SMEs and promote SME IPOs by increasing awareness amongst investors across India.