Editorial Methodology & Data Sources
How BasicFintech sources, verifies, and reports data on Indian IPOs — fully documented, accountable, and open to correction.
BasicFintech operates as an independent IPO-research publication for Indian retail investors. This page documents — without qualification — where our data comes from, how we verify it, how we form editorial opinions, how often we update, and how we handle corrections. We publish this because finance content without source transparency is not trustworthy content.
Data sources
Exchange filings (NSE, BSE)
Issue size, price band, lot size, open/close/listing dates, subscription multiples, and listing day prices are sourced from official NSE and BSE filings and feeds.
SEBI filings (DRHP, RHP)
Company financials, objects of issue, promoter holding, risk factors, peer comparisons, and offer document disclosures are sourced from SEBI-filed Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) documents.
Registrar APIs and portals
Allotment status data is fetched in real time from the issue's appointed registrar — Link Intime, KFin Technologies, Bigshare Services, Cameo Corporate, or Skyline Financial. We do not store PAN values entered for allotment checks.
Grey Market Premium (GMP)
GMP values are aggregated from publicly reported quotes by financial news aggregators (IPO Watch, Chittorgarh, IPO Central, Investor Gain) and informal grey-market dealer networks. GMP is unofficial sentiment data — not an exchange-published price.
Company materials
About-the-company sections draw from official company websites, registrar-of-companies filings, and DRHP business descriptions. We cite original sources in each editorial review.
Editorial process
Multi-source verification
Each editorial review draws from a minimum of 5 independent sources (DRHP, NSE/BSE filings, company website, and at least 2 financial aggregators). Source URLs are recorded for every review.
Peer comparison framework
Each IPO is compared with 2-4 listed peer companies on revenue, profit, profit margin, and applicable valuation multiples (P/E, P/B, EV/EBITDA). Peer selection is documented in the review.
Recommendation criteria
Reviews carry one of three recommendation labels — Subscribe, Neutral, or Avoid — based on combined assessment of business positioning, growth trajectory, valuation versus peers, risk factors, and issue structure. Criteria are documented per review in plain English.
Risk factor curation
We list 5-7 specific risk factors per IPO, distinct from generic risks. Customer concentration, regulatory exposure, accounting concerns, related-party transactions, and competitive pressures are surfaced explicitly.
Post-listing accountability
We periodically revisit reviews 30-90 days after listing to publish a brief post-mortem — was the recommendation accurate? This editorial accountability is core to our process.
Update frequency
| GMP | Every 30 minutes during market hours |
| Subscription multiples | Every 30 minutes during bidding hours |
| Allotment status | Live — as registrars publish |
| Listing day prices | Within 15 minutes of listing open |
| Editorial reviews | Initial review before issue open; refresh on RHP / anchor allocation; post-listing follow-up |
| Static data (lot size, price band) | Updated on RHP filing |
What we don't do
- We do not buy, sell, or facilitate any grey market transactions
- We do not offer paid recommendations or stock tips
- We do not amplify social-media-driven hype without verifiable financials
- We do not accept advertising that compromises editorial integrity
- We do not store PAN or sensitive personal data submitted for allotment checks
Corrections policy
We aim for zero data errors but accept that they will occur. If you spot an error — a wrong financial number, an outdated price band, an incorrect listing date, a misattributed registrar — please report it. We will verify within 24 hours and either correct the page (with a visible "corrected on" note when the change is material) or explain our position if the original data is confirmed.
Or use the contact form and pick "Data correction" as the subject.
No investment advice
BasicFintech is not a SEBI-registered investment advisor or stock broker. Editorial recommendations (Subscribe / Neutral / Avoid) are research opinions, not investment advice. Always read the offer document carefully and consult a SEBI-registered investment adviser before applying for any IPO. Past listing performance is not indicative of future results.
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