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Data-Backed IPO Validation

Deterministic scoring, no LLM judgment. Missing data stays missing — never guessed. Mainboard only.

Strictly advisory — Investogram does not apply for IPOs on your behalf.

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Demo Data — Illustrative Only (not real IPOs)

These are fictional IPOs used to illustrate the scoring engine. They are NOT real investment opportunities.

Hexagon Nutrition (Demo)

NSEOpen
LISTING GAINS (65-79)
Engine Score76 of 100 assessable
Open
Close
Price Band
Lot Size
shares
GMP (Unofficial)
+27.0%
Grey-market estimate only
Issue Size

6-Category Breakdown

Business Quality
12/15 assessable

100% Fresh Issue / Capex (12/15)

Durable competitive advantages — this business can compound capital over time.

Financial Strength
16/25 assessable

ROE 13.4% & Profitable (16/25)

Decent but not elite profitability — sustainable, but won't compound fast.

Promoter + Governance
18/20 assessable

0% OFS — strong promoter skin (18/20)

Promoters are keeping their equity — aligned with you as a shareholder.

Valuation
20/25 assessable

Implied P/E 20.4x vs Peer 40.0x — deep discount (20/25)

Priced attractively vs peers — buying at a discount reduces your downside risk.

IPO Structure
7/10 assessable

Raised ₹41.66 Cr from anchors (7/10)

Moderate institutional interest — not a conviction buy, but not a red flag.

Market Context
3/5 assessable

~27% GMP over issue price (3/5)

Mixed market signals — listing gains possible but not guaranteed.

Reasons to Apply
  • +Strong fundamentals
  • +Cheap valuations vs peers
Reasons to Avoid
  • -QIB subscription pending

Legacy Builders (Demo)

BSEOpen
AVOID (<50)
Engine Score11 of 100 assessable
Open
Close
Price Band
Lot Size
shares
GMP (Unofficial)
+2.1%
Grey-market estimate only
Issue Size
OFS Trap DetectedFounders are cashing out 85% of their stake. No fresh capital for growth.
OFS 85% — promoters exiting heavily

6-Category Breakdown

Business Quality
4/15 assessable

OFS-only — unclear use of proceeds (4/15)

Weak or commoditised business — unlikely to earn above-average returns long-term.

Financial Strength
7/25 assessable

Profitable but no growth (7/25)

Weak or loss-making — high risk of future dilution or debt spiral.

Promoter + Governance
0/20 assessable

OFS 85% — penalty applied (0/20)

Founders are cashing out heavily — misaligned incentives, a key red flag.

Valuation
0/25 assessable

Expensive premium vs peers (0/25)

Expensive relative to peers — most upside is already priced in.

IPO Structure
0/10 assessable

No anchor investors (0/10)

Low anchor allocation or OFS-heavy — institutions aren't excited about this one.

Market Context
0/5 assessable

Stale / Weak GMP (0/5)

Weak GMP or adverse macro — poor timing for listing gains.

Reasons to Avoid
  • -OFS-trap: no fresh capital
  • -Expensive vs peers