IPO Reviews

How offer documents presented the business.

Written for promoters, not for investors. Each review covers the business, three years of numbers, how the offer document presented it, and what a growing company can take from it.

The first review follows soon. Each one looks at how a listed company's offer document presented its business, and what any growing company can learn from it.

How reviews are written. Reviews are published at least three months after an issue lists, never while an issue is open or under review. A review looks only at how the offer document disclosed the business. It gives no issue price, listing price, subscription figure or share price, and no view on whether to invest. Mansukhbhai does not review an issue in which it, or any of its clients, had a role. Figures come from the offer document and exchange data, as at the date shown.

This review is general commentary for promoters on how a company's offer document presented its business. It is not a research report, not investment advice and not a recommendation to buy, sell or hold any security. Mansukhbhai Management Services Pvt. Ltd. is not registered with SEBI as a research analyst or investment adviser, and had no role in this issue. Company names are used only to identify the issuer; no connection with, or endorsement by, the company is implied.

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