Wise Travel India
Mobility / Transportation
- Issue size
- ₹94.68 Cr
- Fresh issue
- ₹94.68 Cr
- OFS
- Nil
- Lead manager
- Share India Capital Services
- IPO type
- Book built
Role: IPO Advisor
Why us
One advisor. Every intermediary coordinated.
Most promoters do not lose months to the regulator. They lose them to eight vendors with eight timelines and no single owner. That is the job we take off your desk — led by a founder with 19 years in banking and corporate finance.
Founder
Ajay Yadav
Founder, Shikhar Capital · IIM Calcutta · Former Citibank · 19 years in banking & financial services
“Good advisory begins with understanding the business — not simply the requirement for capital.”
With 19 years across banking, financial services and client advisory, Ajay brings institutional experience and a promoter-focused perspective to investment banking, corporate finance and SME & mid-market advisory.
An alumnus of IIM Calcutta's Executive Programme in Investment Banking & Capital Markets and a former Citibank professional, he works with promoters on consequential financial decisions — from growth capital and corporate finance to IPO readiness and strategic transactions.
At Shikhar Capital he personally leads every SME IPO mandate from the readiness check to listing day. If you book a call, you speak to him.
His philosophy is simple
- Claritybefore Capital
- Strategybefore Structure
- Relationshipsbefore Transactions
The right financial solution emerges only after understanding the business, the numbers, the promoter and the ambition behind them.
- Personally leads every mandate
- Takes every readiness call himself
Track record
The numbers promoters ask about first
Working with SEBI-registered merchant bankers and exchange-empanelled intermediaries.
₹1,810 Mn+fresh capital raised for promotersAcross 3 SME IPOs: Wise Travel India, Star Imaging, Vegorama Punjabi Angithi
₹2,020 Mn+combined issue size₹38–95 Cr per issue, all book built
19+years in banking & financeInstitutional banking, corporate finance and client advisory
2SME platformsNSE Emerge and BSE SME
The difference
You talk to one person. We run the other eight.
An SME IPO needs eight kinds of specialist. Appointed separately, they each optimise their own piece and hand you the coordination. We appoint them, sequence them and hold the calendar.
- One point of contact and one weekly status for the whole transaction
- Pre-vetted intermediaries matched to your sector and issue size
- A named owner for every milestone, so slippage surfaces the same week
- One consolidated cost estimate instead of six piecemeal quotes
Shikhar Capital coordinates eight intermediaries: merchant banker, legal counsel, auditor, registrar and transfer agent, market maker, underwriter, bankers to the issue and the depositories.
Why us
One IPO. One accountable advisor. From readiness to listing.
A structured, promoter-focused approach to taking your company to the exchanges — with more clarity, control and confidence than juggling eight intermediaries yourself.
| Aspect | Managing an IPO on your ownMultiple intermediaries, higher effort, more uncertainty | With Shikhar CapitalA coordinated, transparent and accountable process |
|---|---|---|
| Points of contact | 8+ vendors, 8 separate timelines | One advisor, one weekly status |
| Readiness gaps | Discovered mid-process by the merchant banker | Closed before the mandate is signed |
| Intermediary selection | Whoever you happen to know | Pre-vetted network matched to your sector and issue size |
| Timeline ownership | No single owner; slips compound | One plan with a named owner per milestone |
| Exchange queries | Reactive scramble | Anticipated and pre-empted in the DRHP |
| Cost visibility | Piecemeal quotes, surprises later | Consolidated estimate upfront |
| Promoter time | 10–15 hrs/week on coordination | 2–3 hrs/week on decisions only |
| After listing day | Everyone moves on | Market making, IR and compliance support continue |
| Bottom line | Months lost to coordination no one owns | One accountable owner from readiness check to listing day |
Our IPO journey with you
See the 10-step roadmap →- Assess readiness
- Build the roadmap
- Onboard & coordinate intermediaries
- Prepare & file (DRHP)
- Listing execution
- Post-listing support
Shikhar Capital provides transaction advisory, project management and coordination support for IPOs. Regulated activities such as merchant banking, legal certification, audit, ratings and other statutory functions are performed by appropriately registered and appointed intermediaries, as per applicable laws and SEBI regulations.
Selected mandates
Companies we have taken to the exchange
Three SME IPOs across NSE Emerge and BSE SME, with Shikhar Capital as IPO advisor.
Star Imaging
Diagnostics / Healthcare
- Issue size
- ₹69.47 Cr
- Fresh issue
- ₹55.66 Cr
- OFS
- Balance portion
- Lead manager
- Share India Capital Services
- IPO type
- Book built
Role: IPO Advisor
Vegorama Punjabi Angithi
Food & Restaurant
- Issue size
- ₹38.38 Cr
- Fresh issue
- ₹30.70 Cr
- OFS
- ₹7.68 Cr
- Lead manager
- Corporate Makers Capital
- IPO type
- Book built
Role: IPO Advisor
How we work
Four steps before anything is signed
No mandate, no commitment until you have seen the assessment and the consolidated estimate.
- 01
Readiness call
Clarity before capital. Twenty minutes on the phone to understand the business, the numbers and your ambition — then where you stand on eligibility, a realistic cost band for your issue size, and whether a listing makes sense now or in 12–18 months.
- 02
Readiness assessment
We review financials, structure and statutory records against the exchange norms, and write down every gap with what it takes to close it. You keep the report either way.
- 03
Mandate and consolidated plan
Platform recommendation, intermediary shortlist, one consolidated cost estimate and a dated plan with a named owner per milestone.
- 04
Execution to listing day — and after
One weekly status covering every intermediary. We stay through the market-making period, investor relations and the compliance calendar.
Talk to the person who would run your mandate
Twenty minutes, no pitch. Free assessment, no obligation, and we reply within 15 minutes on working days.