CICU hosts successful IPO Event: Empowering SMEs for growth and prosperity

Ludhiana, October 17, 2024: The Chamber of Industrial and Commercial Undertakings (CICU) proudly hosted a landmark event focused on Initial Public Offerings (IPOs) here, bringing together industry leaders and Small and Medium Enterprises (SMEs) to explore pathways for business growth and economic development.
 
The event commenced with an inspiring Lighting Ceremony led by esteemed guests, including Upkar Singh, President of CICU & CMD of New Swan Group, Naveen Parashar, Chairman of S N Capital, Chetan Kapur, State Head of Kotak Mahindra Bank, J.S Bhogal Public Secretary of CICU and other prominent figures from the financial sector. Their presence underscored the collaborative spirit necessary for fostering SME growth.
 
Keynote sessions featured insightful presentations on critical topics. Chetan Kapur addressed “Business Banking,” highlighting innovative financial solutions for SMEs. Naveen Parashar discussed the “Launch of IPO,” providing valuable guidance on navigating the IPO process. Upkar Singh’s presentation on “IPO Fueled Growth” emphasized how going public can serve as a catalyst for expansion and increased market presence.
 
A dynamic panel discussion moderated by Ajay Bharti, Finance Secretary of CICU, tackled “Strategies & Challenges for High Growth Companies.” Panelists included industry experts such as Girish Khubchandani, Vipul Garg, Naveen Parashar, Nirbhay Kant, and Upkar Singh, who shared their insights on overcoming obstacles and leveraging opportunities in the current economic landscape. During the panel discussion, experts highlighted the advantages of SME IPOs, including: Access to Long-Term Capital: SME IPOs provide access to capital through public markets, enabling companies to use profits for expansion, marketing, and working capital needs. Enhancing Company Visibility & Reputation: Public listing increases visibility and enhances market reputation, improving corporate governance standards. Rewarding Early Investors: SME IPOs offer exit options for early investors while allowing promoters to raise capital.  Improved Access to Debt: Publicly traded companies have better debt-raising capabilities due to enhanced transparency and market accountability.
 
The event attracted over 150 industrialists, venture capitalists, and economists, providing valuable insights on IPO processes, benefits, and challenges. Networking opportunities with industry experts and thought leaders were also available. "CICU is dedicated to fostering growth and innovation in the SME sector. This IPO event is a testament to our commitment to providing valuable knowledge and networking opportunities to our members and the wider business community."