SME Listing Strategy & Structuring Support for a Digital Health Platform

Hedge-Square supported the client in the SME listing process by offering complete advisory on readiness, regulatory compliance, corporate structuring, and strategic preparation for capital market access.

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Client Overview: 

Our client is a mid-stage digital health enterprise that offers technology-driven educational solutions, and a collaborative platform designed for healthcare professionals. Operating at the crossroads of ed-tech and health-tech, the company had developed a sustainable revenue model and was well-positioned to scale operations, enhance infrastructure, and secure long-term capital through an SME listing. The company was at a critical growth juncture and sought public listing to fuel its next phase of expansion and enhance its governance standards.


Challenges Faced:

Challenges are simply invitations to discover better ways!


SME Listing Eligibility & Compliance Readiness

The  client needed to align financials, audits, and statutory disclosures with SME exchange norms. Ensuring readiness across regulatory and documentation standards was a primary hurdle.

 Defining Optimum Capital Raise & Valuation

Determining the right issue size, pricing band, and post-issue shareholding pattern without disrupting ownership structure required strategic financial modeling.

 

Cross-Partner Coordination

Seamless coordination among merchant bankers, auditors, legal advisors, registrars, and the internal finance team was essential to maintain timelines and avoid procedural delays.

 

Positioning in a Crowded Digital Health Space 

With many tech-enabled health startups in the market, clearly communicating the company’s differentiated model and long-term value to retail and institutional investors was critical.

HSQ's Role and solutions

IPO Readiness Assessment & Strategic Evaluation

Conducted a thorough evaluation of the company’s financials, statutory compliance, and organizational preparedness to determine SME exchange eligibility. Advised on optimal timing and strategy for entering the capital markets based on sectoral benchmarks and growth momentum.

Capital Structuring Advisory

Supported the client in identifying the appropriate capital raise amount, pricing logic, and equity structure. Ensured alignment between business objectives and shareholding patterns to maintain promoter control post-listing.

Regulatory & Compliance Coordination

Facilitated engagement with SEBI-registered merchant bankers, legal advisors, auditors, and registrars. Ensured all documentation—financial audits, legal records, governance structures—were prepared in accordance with listing guidelines.

End-to-End Process Management

Oversaw milestone tracking, documentation flows, and stakeholder coordination to keep the listing on schedule. Supported the preparation and submission of the DRHP in collaboration with merchant bankers and legal teams. Provided ongoing guidance through the approval process until listing completion.

Results and Impact

Guided SME listing with strategic advisory, ensuring timely market access.

Timely and Successful SME Listing

The client completed the SME listing process within the projected timeline, meeting all compliance and regulatory requirements efficiently.

01

Stronger Financial & Governance Framework

Internal controls, audit practices, and reporting standards were elevated to align with public market expectations.

02

Optimized Capital Raise Strategy

A balanced capital structure was achieved, securing growth capital while maintaining promoter control and strategic flexibility.

03

Readiness for Public Market Operations

Post-listing systems and practices were established to manage disclosures, compliance, and investor communications effectively.

04

Conclusion

By offering strategic SME listing advisory, Hedge-Square enabled a high-potential digital health business to access public markets with confidence and clarity. Our approach emphasized not just listing success, but long-term institutional growth. We remained a committed partner from ideation to execution—ensuring the journey was structured, strategic, and future-ready.