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Combine conditions on the figures in each studied issue's offer document, each one cited with its page in the study. An issue is shown only when its study states every figure a condition needs. Conditions, not verdicts: meeting them says nothing about whether to apply.

Growth
Revenue growth a year (%)
Profit growth a year (%)
Revenue, latest year (₹ cr)
Profit, latest year (₹ cr)
Profit and cash
EBITDA margin, latest year (%)
ROCE (%)
Operating cash flow, latest year (₹ cr)
Operating cash flow against profit (×)
Other income, share of profit before tax (%)
Balance sheet and concentration
Net debt / EBITDA (×)
Receivable days, latest year (days)
Largest customer, share of revenue (%)
Top ten customers, share of revenue (%)
Cases against promoters
The issue and its price
Promoter holding after the issue (%)
Offer for sale, share of the issue (%)
P/E at the upper band (×)
P/E against the peer median (%)
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20 of 313 studied issues meet every condition; 155 left out because the study does not state a figure a condition needs.

CompareIssueStageIndustryOperating cash flow against profitNet debt / EBITDAFiled
Best Engineering Aids & Consultancies SMEDRHP filedIT services and software1.1×0.9×2026-09-30
Madhavaa Crafts SMEDRHP filedCapital goods and engineering1.2×1×2026-09-30
Abakkus Asset ManagerDRHP filedBanks and NBFCs1×-0.1×2026-09-22
Jai Parvati ForgeDRHP filedAuto and auto components1.4×1.6×2026-09-21
Geeta Glasses (India) SMEDRHP filedAuto and auto components1.3×1.9×2026-08-31
Aragen Life SciencesDRHP filedPharmaceuticals1.5×0×2026-08-26
Nobel HygieneDRHP filedFMCG and personal care3.8×1.3×2026-08-20
Jio PlatformsDRHP filedTelecom2.6×0.4×2026-06-19
Adroit Industries (India)ListedAuto and auto components1.1×1.3×2026-03-30
Vishal NirmitiLiveConstruction and infrastructure1.1×1.7×2025-12-30
Black Opal Consultants SMEClosedReal estate1.3×0.3×2025-11-17
Axiom Gas Engineering SMEClosedEnergy: oil, gas and power1.1×0.7×2025-10-01
Pride HotelsDRHP filedHotels, restaurants and travel1.4×0.2×2025-09-30
Bvg IndiaDRHP filedBusiness services and staffing1.1×0.9×2025-09-30
Hotel Polo TowersDRHP filedHotels, restaurants and travel2.7×0.8×2025-09-27
Parijat Industries (India)DRHP filedAgriculture and agrochemicals1.6×2×2025-09-25
Rsb Retail IndiaDRHP filedRetail1.9×0.8×2025-08-14
Varmora GranitoListedBuilding materials3.8×1.1×2025-08-07
Sahajanand Medical TechnologiesDRHP filedMedical devices2.9×0.9×2025-08-06
German Green Steel and PowerClosedMetals and mining1.8×1.9×2025-06-29

Figures are the study's own key figures (section 28), with the page for each in the study. Operating cash flow against profit and the offer-for-sale share are arithmetic on two of them. Growth rates are over the record each study states, which differs between issues.