Source first
Normalize from the current DRHP/RHP/prospectus and relevant exchange/registrar documents. Discovery records alone are never scored.
The score is only useful if the formula stays visible.
CredoNomics uses a fixed statistical model with explicit weights. No hidden analyst override changes the result, and missing inputs reduce visible data coverage.
Statistical fields
The model uses financial growth, return ratios, cash conversion, leverage, peer-relative valuation and issue structure.
Coverage threshold
No public score is produced when less than 50 weighted points of the framework have valid normalized data.
100-point framework
Fixed weights used by the IPO Data Score.
12Revenue CAGRMechanical multi-period revenue growth.
12PAT CAGRMechanical multi-period positive PAT growth.
10ROELatest normalized return on equity.
10ROCELatest normalized return on capital employed.
12CFO / PATCash conversion relative to accounting profit.
10Debt / EquityLower leverage scores higher mechanically.
14P/E vs peer medianUpper-band IPO P/E relative to normalized listed peers.
6P/B vs peer medianUpper-band IPO P/B relative to normalized listed peers.
7Fresh-issue shareFresh capital as a percentage of total issue size.
4OFS shareLower OFS share scores higher mechanically.
3Top-customer concentrationLower disclosed revenue concentration scores higher.
Important boundary
A high Data Score is not “Subscribe.” A low score is not “Avoid.”
The score is a mechanical statistical comparison of normalized inputs. It does not estimate listing gains, future share returns, allotment probability or suitability for a particular investor.
What stays outside the score
Signals that should not be mixed into fundamental data quality.
Grey Market Premium
GMP is unofficial and is not included in the fundamental Data Score.
Subscription multiples
Subscription data can be displayed separately, but does not change the core financial Data Score.
Listing-gain forecasts
No predicted listing price or return is generated by the scoring framework.
Subscribe / Avoid calls
CredoNomics does not convert the statistical score into a public-offer recommendation.
CredoNomics is not SEBI-registered and is not NISM-certified. This methodology is designed for general educational/statistical comparison. Seek appropriately registered professional advice where a securities recommendation or personalized advice is required.