How the IPO studies are written
Each study describes one company from the offer document it filed for its IPO: the draft red herring prospectus (DRHP), an updated draft, or the red herring prospectus (RHP) once it exists, together with the abridged prospectus filed alongside it.
Sources
- The offer document as posted on the NSE website, and nothing else. No outside estimates, news reports or third-party data are added.
- Where the document is silent, the study says so instead of filling the gap.
Citations
- Every figure carries the page it was read from, written as (DRHP p.N) or (AP p.N) for the abridged prospectus. Page numbers are the PDF pages of the filing.
- Arithmetic that newboard does itself, such as a total or a ratio, is marked as our arithmetic with the pages it came from.
What a study does not contain
- No view on the shares, no price target, no rating, no score and no ranking.
- No forecast by newboard. Where the company states a target or a plan, it is reported as the company's statement.
- Sections about the price band, subscription and allotment appear only once the company has announced them.
Corrections
If a figure does not match its page, write to hello@newboard.in with the page and the line. Corrections are made in the study and dated.