SEBI ICDR Forensic review · cited to the page

Read a 400-page DRHP in ten minutes.

DRHP Lens maps the sections a diligence team checks first, flags the wording that usually signals trouble, and writes an analyst note where every point is cited to a page you can check.

DRHPRHPNCD PROSPECTUSAIF PPMANNUAL REPORT

Your PDF stays on your device for the red-flag scan. Nothing is uploaded.

drhplens.com/app · sample · fictional company
DRAFT RED HERRING PROSPECTUS

Kaveri Cold Chain Limited

412 pagesAI note ready
75HIGH
Red-flag
score
OfferRisksBusinessPromotersFinancialsLegal
HIGHLarge offer for salep. 12

61% of the issue goes to selling shareholders, not the business.

HIGHPromoter pledgep. 150

About 12% of promoter shares pledged; release is a condition of the issue.

MEDIUMCustomer concentrationp. 31

Top 10 customers make up 58% of revenue.

Built by a listed-company CFOLed a main-board IPO and a listed NCD issue
CA · CPADiligence logic from practitioners
Every finding citedPage numbers you can check
No adviceA research tool you can verify
New · free · English + हिंदी

IPO School: learn IPOs in 10 minutes a day.

12 bite-size lessons with infographics, quizzes and 40-second videos. For first-time investors, students and families, from age 15 up.

  • 1Basics: IPO, DRHP, how to apply, allotment
  • 2Read like a pro: OFS, financials, P/E, promoters
  • 3Decide: GMP myths, QIB signal, red flags
Start learning free →
GMP: सच या हाइप?
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Should you apply?
7%average listing gain, FY26
50%of IPO shares sold within a week
59%rely on tips or finfluencers
For QIBs, anchors and mutual funds

The institutional desk: DRHP to IC note in an hour.

Built around how fund research desks work an IPO. Mandate and anchor-book screen, the twelve checks, a management question bank, a document checklist with pages and a one-click IC note in Word.

See how the desk works →
1 · ScreenMarket cap, free float, anchor book, MF reservation
2 · Read and modelFinancials, KPIs, peers, WACA, cross-checked
3 · Meet managementQuestions from the document's own numbers
4 · Channel checksWhat to ask whom, beyond the DRHP
5 · IC noteStance, walk-away price, thesis, risks
6 · Bid and monitorLock-in dates and use-of-proceeds tracking
See it in action

DRHP Lens in 30 seconds.

Upload an offer document, get the red flags and green flags, each cited to the page. Watch how it works.

Tap play to watch with sound. Analyse a document →

How it works

From a SEBI PDF to an investment-committee-ready note.

Four steps, from a PDF off the SEBI website to a report you can send to a client or your investment committee.

STEP 01

Upload the PDF

DRHP or RHP, NCD shelf prospectus or IM, AIF PPM, or annual report. The type is detected for you.

STEP 02

Red-flag scan

Eighteen warning signals with page numbers and highlighted excerpts, in seconds.

STEP 03

AI analyst note

Key terms, a verdict for each checklist section, ranked risks and the questions to ask.

STEP 04

Ask, export, share

Ask questions with citations. Export to Excel or PDF, or send a share link.

~10 minfor a first pass, vs four to eight hours by hand
18warning signals checked on every document
5document types: DRHP, RHP, NCD, AIF PPM, annual report
A–Hforensic recompute tests on every DRHP
What it looks for

The disclosures that decide whether an issue deserves a closer look.

HIGHAudit qualifications and emphasis of matter
HIGHGoing concern doubts and wilful defaulter tags
HIGHDefaults or delays in repaying lenders
MEDIUMPromoter pledges and encumbrances
MEDIUMOffer-for-sale heavy issues and use of proceeds
MEDIUMCustomer or supplier concentration
MEDIUMShow-cause notices and regulatory orders
MEDIUMAuditor or KMP resignations
LOWRelated party transactions and contingent liabilities
High: read before you subscribeMedium: ask managementLow: note for the file
Why not just read it?

Same document. A fraction of the time.

Reading the PDF yourselfWith DRHP Lens
Time for a first passFour to eight hoursAbout ten minutes
Finding the right sectionsHunting across 400+ pagesMapped for you, with page numbers
Warning signsEasy to miss in legal wordingFlagged and highlighted in context
Questions for managementDrafted from scratchDrafted from the document, ready to send
Sharing with your teamNotes in a separate fileExcel, PDF or a share link in one click
Who it's for

Built for people who have to sign off on a document.

Retail and HNI investors

Know what you're subscribing to before the issue closes.

Wealth managers and family offices

Screen IPOs, NCDs and AIF PPMs before you put them in front of clients.

Analysts and CA firms

A cited first pass on any DRHP or annual report, ready for review.

CFOs and company secretaries

Benchmark peer disclosures before your own filing.

Pricing

₹29 for one report. ₹49 for the whole day.

The AI analyst report and Q&A, cited to the page: one document for ₹29, or unlimited documents for a day at ₹49.

Single report

₹29one document
One IPO you are deciding on
  • AI analyst report on one DRHP or RHP
  • Ranked risks, strengths and analyst notes
  • Diligence questions for the issuer
  • Q&A cited to the page, valid 7 days
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  • Q&A on every document
  • DRHP, RHP, NCD, AIF PPM and annual reports
  • Excel, PDF and share link
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  • Unlimited AI reports and Q&A
  • Every document type
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Questions

Before you run your first scan.

Still have a question?

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Is this investment advice?

No. DRHP Lens summarises what a document says and points you to the page. It does not recommend subscribing, buying or selling. Read the offer document and consult a SEBI-registered adviser before you invest.

Where does my document go?

The PDF is read in your browser and the red-flag scan never leaves your device. For the AI analysis, only the relevant page excerpts are sent for processing. We do not store documents.

What is the red-flag score?

A 0–100 measure of how many warning signals the document carries and how serious they are. It tells you where to look harder. It is not a credit rating or an investment recommendation.

Which documents work best?

Text-based PDFs as published on SEBI, NSE and BSE. Scanned image-only PDFs need OCR first.

How accurate is the AI note?

It uses only text from the document and cites pages, but AI can still miss or misread. Treat it as a first pass and check against the cited page.

Can I cancel Pro?

Yes, any time. Email [email protected] with your Subscription ID (sub_…) and we cancel it the same day. Access runs to the end of the paid month. See the refund policy.

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