Disclaimer

1. Not Financial Advice

The content published on CheckIPO (checkipo.in), including but not limited to IPO analysis articles, company research reports, IPO reviews with recommendations ("Apply", "Subscribe", "Avoid"), star ratings, SWOT analyses, financial data summaries, GMP data, subscription status information, and any other editorial opinions, is provided solely for educational and informational purposes.

No content on CheckIPO constitutes:

• Investment advice or a recommendation to buy, sell, or hold any security
• A solicitation or offer to buy or sell any financial instrument
• Personalized financial planning advice tailored to your individual circumstances
• Legal, tax, accounting, or regulatory advice
• A guarantee of investment returns or assurance of profitability

CheckIPO Digital Services is not registered with the Securities and Exchange Board of India (SEBI) as an investment advisor, research analyst, stock broker, or portfolio manager. Our editorial team consists of financial writers, analysts, and researchers who provide general informational content — not personalized advice.

Before making any investment decision, including applying for an IPO, you should independently verify all information and consult with a SEBI-registered investment advisor, chartered accountant, or other qualified financial professional who can take into account your specific financial situation, investment objectives, risk tolerance, and tax implications.

2. GMP Disclaimer — Grey Market Premium

The Grey Market Premium (GMP) data published on CheckIPO is sourced from informal, unregulated channels including grey market operators, dealer networks, and community sources. The grey market operates outside the purview of SEBI and any other regulatory body in India.

Important facts about GMP data:

• GMP is traded in informal, over-the-counter markets and does not represent official exchange-traded prices
• GMP figures are highly volatile and can change significantly within hours or even minutes
• GMP is not a reliable predictor of actual listing price or post-listing performance
• GMP data cannot be independently verified and may contain errors or manipulations
• Historical accuracy of GMP predictions varies widely depending on market conditions
• Participating in grey market IPO trading is illegal under Indian securities law

CheckIPO publishes GMP data purely as market intelligence information. We do not encourage, facilitate, or endorse grey market trading. Any reliance on GMP data for investment decisions is entirely at your own risk. CheckIPO, its employees, and affiliates bear no responsibility for investment decisions made based on GMP data published on our platform.

3. Accuracy of Information

While CheckIPO makes every reasonable effort to ensure the accuracy, completeness, and timeliness of the information published on our platform, we cannot guarantee that all information is free from errors, omissions, or inaccuracies. IPO data, including subscription numbers, allotment status, financial figures, dates, and price information, is compiled from multiple sources and is subject to change.

Sources we rely on include BSE India, NSE India, SEBI filings, company registrar portals, stock exchange circulars, company press releases, and publicly available company documents (DRHPs, RHPs). While these are authoritative sources, data may be delayed, incomplete, or contain typographical errors.

CheckIPO explicitly disclaims all warranties, express or implied, including but not limited to warranties of accuracy, completeness, fitness for a particular purpose, or non-infringement regarding any information on the platform. Users are encouraged to independently verify all critical information — particularly issue prices, dates, lot sizes, and financial data — from official sources such as BSE India (bseindia.com), NSE India (nseindia.com), and SEBI (sebi.gov.in) before making investment decisions.

4. Investment Risk

Investing in Initial Public Offerings (IPOs) and securities markets involves substantial risk. Before investing, you should carefully consider your investment objectives, level of investment experience, risk tolerance, and the following risk factors:

• Capital Risk: The value of investments can fall as well as rise. You may receive back less than you invest. In the worst case, you may lose your entire investment.
• IPO-Specific Risk: IPOs lack the trading history of established publicly listed companies. New listings may be highly volatile in the period immediately following listing, and share prices may fall significantly below the issue price.
• Liquidity Risk: Shares received through IPO allotment cannot be sold until listing date. During lock-up periods, you cannot access your invested funds.
• Market Risk: Broader market conditions, macroeconomic factors, geopolitical events, and sectoral trends can adversely impact the performance of an IPO stock regardless of company fundamentals.
• Allotment Risk: Applying for an IPO does not guarantee allotment. In oversubscribed IPOs, allotment is made through a lottery (RII category) or proportional basis, and you may not receive any shares despite your application.
• Regulatory Risk: SEBI may refuse listing, regulatory issues may arise post-listing, or changes in laws may adversely affect a company's business.

IPO investing is not suitable for all investors. Only invest money you can afford to lose. Do not invest borrowed funds in IPOs.

5. Past Performance

Historical IPO performance data, listing day gains, subscription statistics, and return figures presented on CheckIPO are for informational and research purposes only. Past performance of IPOs — including high subscription rates, strong GMP, positive analyst reviews, or strong listing day gains — is not and should not be construed as an indication or guarantee of future results.

Market conditions, investor sentiment, sectoral dynamics, global economic factors, and company-specific developments change over time. An IPO that performed exceptionally in one market environment may underperform significantly under different conditions. Our historical data should be used for research and education only, not as the sole basis for any investment decision.

6. Third-Party Data and Links

CheckIPO aggregates and presents data from various third-party sources including BSE, NSE, SEBI, company registrars, financial data providers, and news agencies. We reproduce this data in good faith as a convenience to users, but we cannot guarantee its accuracy, completeness, or timeliness.

Our platform contains links to external websites including official exchange portals, registrar websites, SEBI filings, company investor relations pages, and financial news sources. These external links are provided for informational convenience. CheckIPO does not endorse or take responsibility for the content, accuracy, privacy practices, or products of any linked third-party website.

Affiliate relationships, if any, will be clearly disclosed. Presence of advertising on CheckIPO does not constitute endorsement of the advertiser's products or services.

7. SEBI Registration Disclaimer

In compliance with SEBI (Research Analysts) Regulations, 2014 and SEBI (Investment Advisers) Regulations, 2013, we hereby state:

• CheckIPO Digital Services is NOT registered with SEBI as a Research Analyst (RA) under SEBI (Research Analysts) Regulations, 2014
• CheckIPO Digital Services is NOT registered with SEBI as an Investment Adviser (IA) under SEBI (Investment Advisers) Regulations, 2013
• CheckIPO Digital Services is NOT registered with SEBI as a Stock Broker, Portfolio Manager, or any other intermediary
• All content published on CheckIPO represents the personal opinions and research of our editorial team and should not be construed as SEBI-registered research reports
• Investors are advised to conduct their own due diligence and consult a SEBI-registered financial advisor before making investment decisions

The IPO reviews, ratings, and recommendations on CheckIPO are purely editorial opinions. They are not research reports as defined under SEBI (Research Analysts) Regulations, 2014. Our editorial team does not hold SEBI registration and the content on this platform is not regulated as research under SEBI guidelines.

For any grievances related to securities market intermediaries, investors may contact SEBI at sebi.gov.in or call the SEBI Helpline at 1800 22 7575.

This disclaimer is subject to the laws of the Republic of India and shall be governed by the courts of Maharashtra, India. For questions about this disclaimer, contact us at legal@checkipo.in.