SME IPO Investor's Checklist

Before the issue

Read the prospectus; check the lead manager's record; look at objects of the issue and promoter selling; look at valuation and customer concentration; compare profit with cash flow.

At application

Confirm the lot size, the total amount and the category; accept the UPI mandate; avoid borrowed money.

After allotment

Decide your exit plan, check circuit rules and lock-in dates, and track the stock's volume.

A closing note

SME IPOs offer opportunity and above-average risk. This handbook is education, not investment advice.

Key takeaways

Complete the checklist before every application.
Avoid leverage.
Plan your exit before listing.