IPO Reviews

How other companies told their story to investors.

Each review reads a public offer document the way an investor does, and finds what most readers miss, for use in your own company.

BSE and NSEListed 28 October 2026 Jio Platforms LimitedTelecom and digital services Jio Platforms: reading EBITDA less cash capex, a KPI the company chose to report. Read the review BSE and NSEListed 30 September 2026 Adroit Industries (India) LimitedPropeller shafts for vehicles What Adroit's cash flow and working capital days show beyond a 27.66% EBITDA margin Read the review NSEListed on BSE 24 September 2026 National Stock Exchange of India LimitedStock exchange NSE: reading a normalised margin, its reconciliation and members' money in cash flow. Read the review BSE SMEListed 4 August 2026 Poojaa Precision Engg. LimitedAluminium die-cast components Poojaa Precision: where EBITDA went, and how the new plant was funded. Read the review NSE EmergeListed 29 May 2026 Q-Line Biotech LimitedIn-vitro diagnostics Associate income, cash flow and debt: reading Q-Line Biotech below the EBITDA line. Read the review NSE EmergeListed 19 December 2025 Ashwini Container Movers LimitedContainer road transport Ashwini Container Movers: reading margin, cash, debt and customer spread together. Read the reviewPrepared by Mansukhbhai BSE SMEListed 26 November 2025 Gallard Steel LimitedSteel castings for railways Gallard Steel: separating other income, acquired revenue and debt from the growth figures. Read the reviewPrepared by Mansukhbhai NSE EmergeListed 23 June 2025 Patil Automation LimitedIndustrial automation lines Patil Automation: why FY23 pre-tax profit exceeded EBITDA, and what state revenue shows. Read the review

How reviews are written. Each review reads a company's public offer document, the way an investor reads it, for what a growing company can learn. It gives no issue price, listing price, subscription figure or share price, and no view on whether to invest. Where Mansukhbhai worked on a company's preparation, the review says so. Figures come from the offer document and exchange records, 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 (Manshukhbhai Management Services Pvt. Ltd.) is not registered with SEBI as a research analyst or investment adviser. Company names are used only to identify the issuer; no connection with, or endorsement by, the company is implied.

Begin a conversation

Wondering how your own company would read to an investor?

Talk it through in a first conversation, in confidence.

Begin a conversation