Notes · 9 so far

From the order book.

Plain-language notes on IPOs and filings. The numbers come from the documents, and when a calculation is mine, I say so.

Latest · 4 Nov 2026 How to read a DRHP and RHP: the Jio IPO, page by page Eleven stops through Jio’s actual filings, in plain language, including the debt footnote most readers would miss. Full guide · 18 min read →
  1. 4 Nov 2026 How to read a DRHP and RHP: the Jio IPO, page by pageEleven stops through Jio’s actual filings, in plain language, including the debt footnote most readers would miss. Full guide
    18 min
  2. 4 Nov 2026 Fresh issue or OFS? The first question to ask about any IPOBefore you read the rest of an offer document, find out who is actually getting your money: the company, or the people selling to you. IPO basics
    3 min
  3. 4 Nov 2026 How IPO allotment really works, and why applying for more rarely helpsQIB, NII, retail, lots and lotteries: what happens to your application after you press submit, using the numbers from Jio's IPO. IPO basics
    3 min
  4. 4 Nov 2026 Anchor investors, explained: what the big names signal, and what they don'tThey get shares before you can even apply. Who anchor investors are, how their lock-ins work, and which dates are worth putting in your calendar. IPO basics
    3 min
  5. 4 Nov 2026 EBITDA, explained with a kirana shop, and what it leaves outEvery IPO highlights EBITDA. Here's what the word means, why companies like it, and how Jio's ₹76,255 crore becomes ₹30,049 crore of profit. Accounting basics
    3 min
  6. 4 Nov 2026 Grey market premium: what it is, and why it isn't analysisEveryone checks the GMP before applying. Here's where that number comes from, who stands behind it (nobody), and how to think about it instead. IPO basics
    3 min
  7. 4 Nov 2026 Support, resistance and trendlines: reading a chart without fooling yourselfThe three ideas behind most chart analysis, explained with a vegetable market, along with the habits that keep you honest about what a chart can't tell you. Price action
    3 min
  8. 4 Nov 2026 28x subscribed, 18% on day one: what India’s record IPO half doesn’t proveThree-quarters of September’s IPO money went to sellers. Here’s how to read the numbers behind the rush. Primary market
    2 min
  9. 4 Nov 2026 How to read a Red Herring Prospectus in 20 minutesThe short version: a seven-stop route through a long document, and the question to ask at each stop. Method
    3 min