Glass Wall Systems IPO Review: 86% OFS, 19x
A façade contractor is raising ₹428 crore, 86% of it an OFS including a ₹272 crore PE exit, at 19.1x FY26. Structure, cash, and the one listed peer.
Research
Educational analysis of Indian IPOs, stocks, sectors, and funds. Every number traces to a cited source. Newest first.
Kanohar Electricals IPO Review: 72% OFS, 38x FY26
A Meerut transformer maker is asking ₹1,056 crore, 72% of it an OFS, at 38.6x FY26. Here is the issue structure, the 7x profit jump, and the five checks I run.
Pranav Constructions IPO Review: Cash vs Profit
A Mumbai redevelopment developer is raising ₹351 crore, 90% fresh, at 19.6x FY26. Profit grew; operating cash was negative in FY25 and FY26.
Prasol Chemicals IPO Review: 84% OFS, 48x FY26
A speciality-chemicals maker is raising ₹500 crore, 84% of it an OFS, at 48x FY26. Margins doubled; cash did not keep up. Here are the five checks.
Rentomojo IPO Review: 88% OFS, Which Year Profit
Rentomojo opens 9 Sep at ₹384–404. Of ₹1,256 crore, 88% is OFS. FY26 PAT includes a ₹36.6 crore tax credit; ex-credit the multiple is ~63x.