Read the official offer document
Use the RHP or prospectus to understand the business, promoters, financial statements, litigation, related-party matters and stated risk factors. Marketing summaries are not a substitute.
Understand the offer structure
Check the fresh issue and offer-for-sale components, use of proceeds, dilution, price band, lot size and timetable through official exchange and issuer announcements.
Assess valuation and uncertainty
Compare the proposed valuation with business quality, peers and growth assumptions. Listing performance is uncertain, and subscription demand does not remove business or market risk.