Ahmedabad, Gujarat, Jan 17, Gujarat Chamber of Commerce & Industry (GCCI) in a
ssociation with MentorMyBoard and BSE Ltd. hosted a seminar on IPO Readiness & Governance Conference on 17th January, 2025 at the Ahmedabad Management Association.
According to GCCI, Addl. Secretary General (Research) Rahul Sheth, The event aimed to equip businesses with essential insights into preparing for Initial Public Offerings (IPOs) and enhancing corporate governance.
During the inaugural address, Hiten Vasant, Chairman, Logistics Taskforce, GCCI acknowledged the critical role that effective logistics and governance play in enhancing the readiness of companies for IPOs. He emphasized the importance of collaboration between various sectors to foster a robust business ecosystem and urged participants to leverage the knowledge gained from this seminar to drive their companies toward successful public offerings.
Ms. Divya Momaya, Founder, MentorMyBoard, underscored the critical importance of robust governance practices for companies aiming to go public, providing valuable insights into the current landscape of registered companies in India, including MSMEs and LLPs. Divya emphasized that Belief, Commitment and Action are essential components for promoters and directors seeking to enhance their corporate governance frameworks. Her presentation inspired many attendees to prioritize effective governance within their organizations.
Tejas Patel, Associate Manager, BSE Ltd shared valuable insights regarding the vision of promoters for IPOs and outlined the listing criteria specifically tailored for Small and Medium Enterprises (SMEs). His discussion provided clarity on the regulatory requirements that potential IPO candidates must navigate.
Jayesh Vithlani, a Merchant Banker, elaborated on various capital market transactions, including IPOs, rights issues, amalgamations, and mergers. His expertise offered attendees a comprehensive understanding of the financial mechanisms involved in going public.
Pulin Vaidya, Managing Director, Aztec Fluids & Machinery Limited, shared his insightful experience regarding the IPO process. He discussed the strategic steps involved in preparing for an IPO and emphasized the significance of thorough market research and effective communication with stakeholders. He highlighted how Aztec Fluid navigated the complexities of going public, focusing on building investor confidence and ensuring compliance with regulatory requirements. His firsthand account provided valuable lessons for companies looking to embark on their own IPO journeys, underscoring the importance of planning, execution and ongoing governance in achieving successful public offerings.
Dr. Sheetal Badshah a prominent leadership coach and founder of Growth Catalyst, addressed the audience focusing on the behavioral aspects crucial for successful IPO preparation. He emphasized that understanding organizational behavior is vital for fostering a culture of accountability and transparency, which are essential for building investor trust. He highlighted how leadership styles and interpersonal dynamics within teams can significantly impact a company’s readiness for going public.
In conclusion, the interactive Q&A session with experts provided a valuable platform for participants to engage directly with industry leaders, fostering meaningful discussions and allowing attendees to address their specific concerns and queries. This collaborative exchange not only enriched the learning experience but also reinforced the importance of community engagement in navigating the complexities of going public.
