Broadens investor base – all categories are needed
– Retail – small and HNI investors
– Institutions – mutual funds, PIPE funds, pension funds, family offices
– Foreign investors – Higher valuations

Good shareholder profile is good for company’s ecosystem
– Banks & Credit rating agencies look at shareholder profile and market cap
– Foreign investors / PE firms do detailed due diligence before investing
– Suppliers prefer customers with institutional shareholders
– Customers could prefer institutional shareholders as it signifies better corporate governance

Investors are the best brand ambassadors of the company