Learning centre

Learn the basics, one short lesson at a time

Written for first-time investors. No jargon without an explanation, and examples with real-looking numbers so you can follow the arithmetic.

1. Lesson 15 min read

   How IPOs work in India

   From the draft prospectus to listing day: the steps, the timeline and who does what.

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2. Lesson 26 min read

   How to read a company's financial statements

   Revenue, profit, cash flow and debt explained with simple examples.

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3. Lesson 34 min read

   What GMP means and why it's unreliable

   Grey market premium is popular on social media. Here's why it shouldn't drive your decision.

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4. Lesson 44 min read

   Why oversubscription doesn't prove a company is good

   A 100× subscribed IPO tells you about demand, not about value.

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5. Lesson 56 min read

   How to understand valuation

   P/E ratios, peer comparison, and what 'expensive' really means.

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6. Lesson 64 min read

   Common IPO investing mistakes

   The traps that catch first-time IPO investors, and how to avoid them.

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7. Lesson 75 min read

   How to read an offer document

   Where to find the most useful information in a 400-page RHP.

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