India's evolving financial landscape is seeing more business owners, founders, senior executives, and early employees grappling with a defining moment: the liquidity event. Whether it’s a high-profile IPO, a strategic merger, divestment or a stake sale, these events can be transformative. But without foresight and structured planning, they can also be the breeding ground for costly errors.

The Indian IPO market has displayed robust resilience even amid global economic turbulence and shifting investor sentiment. According to a KPMG analysis, FY25 saw 80 mainboard IPOs—a modest rise from 76 in FY24—but with a remarkable surge in capital raised: INR 1,630 billion, compared to INR 619 billion the previous year.

Optimism around new-age tech listings were palpable at the beginning of 2025, as 13 such companies went public in 2024, collectively raising INR 290.7 billion. Statistics also imply that approximately 20 startups are currently in different stages of IPO preparation, further re…