IPO Research Notes

Independent, data-driven analysis of upcoming and recent IPOs — business model, financials, and key risks. No recommendations, targets, or scores.

Jio Platforms Limited

Jio Platforms Limited (mainboard IPO, DRHP dated 19 Jun 2026): Reliance group telecom and digital services. Fresh issue to repay RJIL loans. Covers issue details, objects, business, sector, value chain, management, FSA financials, risks and DRHP inconsistencies.

07 Oct 2026

HD Fire Protect Limited

HD Fire Protect Limited (mainboard IPO, RHP dated 5 Oct 2026): maker of fire suppression equipment. Pure offer for sale by promoters. Covers issue details, products, manufacturing process, sector macro and value chain, management, FSA financials, valuation at the price band, risks and RHP inconsistencies.

07 Oct 2026

Nityas Gems and Jewellery Limited

Nityas Gems and Jewellery Limited (mainboard IPO, RHP dated 24 Sep 2026): lab-grown diamond studded gold jewellery maker (B2B and Ayaani D2C). Covers issue details, objects, business, sector, value chain, management, FSA financials, risks and RHP inconsistencies.

28 Sep 2026

Vishal Nirmiti Limited

Vishal Nirmiti Limited (mainboard IPO, RHP dated 24 Sep 2026): PSC railway sleepers, MS pipes and precast elements maker. Covers issue details, objects, business, sector, value chain, management, FSA financials, risks and RHP inconsistencies.

28 Sep 2026

Orient Cables (India) Limited

Orient Cables (India) Limited (mainboard IPO, RHP dated 21 Sep 2026): networking, optical fibre and specialty cable maker. Covers issue details, objects, business, sector, value chain, management, FSA financials, risks and RHP inconsistencies.

27 Sep 2026

Moneyview Limited

Moneyview Limited (mainboard IPO, RHP dated 20 Sep 2026): digital personal-loan platform with its own NBFC. Covers issue details, objects, business, sector, management, FSA financials, risks and RHP inconsistencies.

27 Sep 2026

VANS Electroengineerings Limited

Independent IPO research note on VANS Electroengineerings Limited covering business, financials, and key risks.

26 Sep 2026

ESDS Software Ltd

Independent IPO research note on ESDS Software Ltd - a cloud infrastructure (IaaS), managed services and SaaS provider running five Tier-3 data centres across India. Covers business model, revenue segments, financials and key risks.

31 Aug 2026

Lumino Industries IPO Notes

Independent IPO research note on Lumino Industries covering business, financials, and key risks.

26 Aug 2026