In the corporate world, companies looking to access the stock market generally choose the Initial Public Offering (IPO) route. However, there is another, less common method that often attracts attention—the Reverse Merger, also known as a Backdoor Listing. The proposed combination involving Infra.Market and Shalimar Paints has brought this concept into the spotlight. While the transaction is still being explored and has not been completed, it provides an excellent real-life