Getting an engineering manufacturer through SME IPO eligibility
An engineering group wanted to list on the SME platform. We turned the exchange’s checklist into a plan the whole team could own.
The business ran as three group entities. Board records were thin, and related-party dealings sat across all three.
The promoters wanted a listing date, but could not say which gaps stood in the way, or who would close them.
What we did
- Step 1
List what the exchange requires
We wrote every eligibility requirement as a plain line with an owner and a date.
- Step 2
Map the related-party dealings
We traced dealings across the three entities so nothing surfaced for the first time in a banker's review.
- Step 3
Set up the board and its records
Committees, minutes and registers were put in order, with a calendar the board could keep.
- Step 4
Run a mock review
We asked the questions a banker would ask, and closed each gap the answers exposed.
One set of facts everyone agreed on.
Every requirement had an owner and a due date. The three entities reported on the same basis, and the directors had practised the questions before the real review.
A plan with dates
Every requirement had an owner and a due date.
One version of the facts
The three entities reported on the same basis.
A board that could answer
Directors had practised the questions before the review.
A listing is mostly a test of whether the company can explain itself consistently. Make the list first, then close it in order.
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