“Migration to the mainboard is more than a prestige milestone. It widens the investor pool beyond the lot-based SME market, potentially improving liquidity, institutional participation and price discovery. It also gives companies greater flexibility to raise capital and strengthens their credibility with lenders, customers and analysts,” said Shashank Udupa, founder of Vayu Capital and a research analyst. “These benefits, however, must be weighed against higher compliance, disclosure and governance costs. For companies with sufficient scale and maturity, migration can be a meaningful strategic step.”
