Merchant banker SKI Capital on Monday said it has collaborated with communication firm PROSE Integrated to tap over Rs 2,500 crore in the Indian SME IPO market. The main aim of this alliance is to make entrepreneurs and promoters of SMEs, as well as potential investors, aware of this opportunity, the two firms said in a joint statement. Earlier this year, SKI Capital achieved registration from Sebi for its alternative investment fund (AIF) focused on SME initial public offerings (IPOs). With a target corpus of Rs 600 crore, the AIF specifically focuses on providing SMEs with vital capital and strategic support. SKI Capital’s AIF also closed its first and initial investment in an SME IPO and filed DRHP (draft red herring prospectus) for two SME IPOs as the lead manager. PROSE Integrated will provide deep domain expertise to identify potential SMEs and promote SME IPOs by increasing awareness among investors across India.