How to analyse an IPO
A practical framework for reviewing an IPO before applying: business, financials, valuation, issue purpose and risks.
4 min readRead guide →
LEARN THE PROCESS
IPO guides, without the jargon
Short, practical explanations for researching an issue, reading demand, understanding allotment and recognising risk.
RESEARCH
Research guides
How to read a DRHP
The quickest way to read an IPO Draft Red Herring Prospectus without getting lost in hundreds of pages.
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DEMAND
Demand guides
QIB, NII and retail IPO subscription explained
Understand QIB, NII and retail IPO subscription figures and why category demand can differ sharply.
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BASICS
Basics guides
Mainboard vs SME IPOs
A concise comparison of Mainboard and SME IPOs, including lot size, liquidity, risk and listing platforms.
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ALLOTMENT
Allotment guides
IPO allotment process
What happens after an IPO closes, from bid validation and basis of allotment to unblocking funds and crediting shares.
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What happens when an IPO is oversubscribed?
How IPO oversubscription affects allotment and how the registrar's computerized retail lottery or draw works.
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IPO application and UPI timeline
A short timeline from submitting an IPO application and approving the UPI mandate to allotment and listing.
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MARKET SIGNALS
Market signals guides
GMP limitations every IPO investor should know
Why IPO grey market premium is unofficial, volatile and unsuitable as a stand-alone investment decision.
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How to calculate IPO listing gain
Calculate estimated and actual IPO listing gain percentages using the issue price and listing price.
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RISK
Risk guides
IPO risk checklist
A compact checklist for identifying business, financial, valuation, governance and liquidity risks before applying.
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