# Shikhar Capital

> Shikhar Capital is an independent SME IPO advisory firm based in Gurugram, Haryana, India. It helps companies with ₹70 crore or more in annual revenue list on NSE Emerge or BSE SME. One advisor leads every mandate personally and coordinates every intermediary (merchant banker, legal counsel, auditors, registrar, market maker) from the readiness check to listing day.

## Key facts

- Role: IPO advisor. Shikhar Capital is not a SEBI-registered merchant banker; IPO execution is carried out through SEBI-registered intermediaries appointed for each mandate.
- Who it serves: Indian promoter-led companies with ₹70 Cr+ revenue, positive net worth, 3+ years of operations and operating profit in 2 of the last 3 years, considering an SME listing.
- Platforms: NSE Emerge and BSE SME.
- Founder: Ajay Yadav. IIM Calcutta (Executive Programme in Investment Banking & Capital Markets), former Citibank, 19+ years in banking and financial services. He takes every readiness call himself.
- Track record: three SME IPOs advised, ₹1,810 Mn+ of fresh capital raised, ₹2,020 Mn+ combined issue size.
- Wise Travel India (NSE Emerge, listed Feb 2024): issue size ₹94.68 Cr, Mobility / Transportation. Role: IPO advisor.
- Star Imaging (BSE SME, listed Aug 2025): issue size ₹69.47 Cr, Diagnostics / Healthcare. Role: IPO advisor.
- Vegorama Punjabi Angithi (BSE SME, listed May 2026): issue size ₹38.38 Cr, Food & Restaurant. Role: IPO advisor.
- Contact: +91 98715 06277 · info@shikharcapital.com · WhatsApp · Mon–Fri · 10am–7pm IST.
- The information on the site is general guidance, not investment advice. Eligibility criteria are subject to SEBI (ICDR) Regulations and exchange rules as amended; the checker result is indicative and always followed by a conversation.

## Start here

- [Home](https://shikharcapital.com/): Who Shikhar Capital is, the track record, and a readiness-call form.
- [SME IPO eligibility checker](https://shikharcapital.com/sme-ipo-eligibility): Four questions (revenue band, profitable years, net worth, years in operation) that give an indicative ready / nearly / not-yet result in about 60 seconds.

## Understand the process

- [SME IPO cost and timeline](https://shikharcapital.com/sme-ipo-cost-timeline): Each cost head as an indicative share of the issue (all heads combined typically 7–10% of issue size) and the 10-step roadmap from readiness check to listing day.
- [NSE Emerge vs BSE SME](https://shikharcapital.com/nse-emerge-vs-bse-sme): Eligibility, approval route, fees, investor base, liquidity and sector fit of the two SME platforms, side by side, with guidance on which fits a given company.
- [Services](https://shikharcapital.com/services): Pre-IPO readiness, IPO execution and post-listing support, with one advisor coordinating every intermediary throughout.

## About

- [Why Shikhar Capital](https://shikharcapital.com/about): The founder, the SME IPOs the firm has advised, and how a mandate is run.
- [Resources](https://shikharcapital.com/resources): Ten plain-English guides for promoters on the SME IPO process, in preparation.
- [Sitemap](https://shikharcapital.com/sitemap): Every page on the site, grouped by the question it answers.

## Legal

- [Privacy policy](https://shikharcapital.com/privacy): What the site collects, why, who it is shared with, and the rights visitors have under India's DPDP Act, 2023.
- [Terms of use](https://shikharcapital.com/terms): The terms on which the website is made available.
- [Disclaimer](https://shikharcapital.com/disclaimer): Regulatory position and the limits of the information and the eligibility result on this site.

## Machine-readable

- [sitemap.xml](https://shikharcapital.com/sitemap.xml): every indexable URL.
- [robots.txt](https://shikharcapital.com/robots.txt): crawl rules.