About IPO Milega
IPO Milega tracks every Indian IPO and turns the filings behind it into something a regular investor can read. You get the prospectus, the financials and the risks, laid out the same way for every issue. We don't give tips or tell you what to buy.
What we do
Four things, done the same way for every issue.
One place for every Indian IPO
Live, closed, upcoming and past issues in one list: dates, price band, lot size, subscription and listing performance, updated as the calendar moves.
The prospectus, read for you
An RHP runs to hundreds of pages. We read every filing the same way and pull out the financials, the named risks and the peer comparison, so you can get through it in a few minutes.
A score you can pick apart
Each IPO gets an overall score backed by six modules. The breakdown sits next to the number, so you can see which parts carried it and which dragged it down.
Context around the numbers
Allotment odds, investor quota splits, multi-year financial charts and a written take, so you know what the numbers mean for this issue.
How the score is built
Six automated modules read every RHP/DRHP by the same rules. Five of them score on their own, and the sixth combines those into one verdict.
From the closing day, institutional (QIB) demand nudges the score by up to 1.5 points: a strong QIB book adds to it, and once bidding has closed, an undersubscribed one takes away. Hover a score to see the adjustment.
- Above 6Strong
- Above 3, up to 6Mixed
- 3 or belowWeak
- 01
Financial fundamentals
Revenue, profit, margins, leverage and key ratios across three fiscal years.
- 02
Risk factors
Every named risk in the prospectus, sorted and weighed, plus any pending litigation.
- 03
Performance
Growth history, management track record and standing against listed peers.
- 04
Flexibility
How adaptable the business is to demand shocks, input costs and new markets.
- 05
Timing
Issue size, market conditions and where this filing sits in the listing calendar.
- 06
Final synthesis
Combines the 5 scores into one overall number, with a plain-English list of what looks good and what worries us.
Where the data comes from
IPO details, subscription figures and listing prices come from public filings and exchange disclosures. The analysis is generated from the RHP/DRHP a company files with SEBI. Grey market premium (GMP) is an unofficial estimate from the informal market. Live numbers, subscription and grey market premium especially, move through the day, so treat what you see as the latest reading.
How this site's content is made
The IPO analyses come from the company's RHP/DRHP. The blog articles come from a fact sheet built from our IPO data, which holds the prospectus figures, exchange data and GMP. The IPO Milega research team reviews the data manually.
Software also checks every article before it goes live. Each number and date has to match the fact sheet, links can only point to the sources we supply, and the article must end with a Sources section. It also can't call GMP official or call anything guaranteed. If an article fails, the site doesn't publish it automatically.
GMP is an unofficial grey market figure. NSE and BSE don't publish it, and it doesn't predict the listing price. Nothing on the site is investment advice.
Corrections
Spotted a wrong number or date? Tell us on X at @ipomilega with a link to the page. When we fix an article, it shows the date it was updated under the byline.
A note on what this isn't
Nothing on IPO Milega is investment advice, and we aren't a registered investment adviser. A score sums up what the filing says. It can't tell you what the stock will do after listing. Read the prospectus, weigh your own position, and speak to a qualified adviser before you apply.