Fact-Checking Policy

2. Multi-Point Quantitative Verification

Before publication, material financial and IPO data is checked against the most relevant available primary source. Where practical, important figures are cross-verified using an additional official or independently reliable source:

• Issue Economics: Issue size, Fresh Issue/OFS split, price band, lot size, and key dates should be verified against the applicable RHP, price-band advertisement, exchange issue page, company announcement, or other relevant official source.
• Financial Metrics: Revenue, profit, EPS, net worth, RoNW and other financial metrics should be taken from the company's restated/audited financial information contained in applicable offer documents. If a metric is calculated by Digital Arthalaya rather than directly disclosed, the calculation should use disclosed figures and the methodology should be clear.
• Valuation Metrics: P/E, EV/EBITDA or other valuation multiples should be published only when the required inputs are available from reliable sources. Clearly distinguish company-disclosed figures from calculations performed by Digital Arthalaya and state the calculation basis where relevant.

3. Grey Market Premium (GMP) Editorial Policy

Grey Market Premium (GMP) represents unofficial, unregulated OTC sentiment among market participants prior to listing. Because GMP is not governed by SEBI or stock exchanges, our reporting follows strict educational guidelines:

• Mandatory Disclaimer: GMP is an unofficial and unregulated grey-market indicator. It can change rapidly and does not guarantee the IPO listing price or investment returns. It is provided for informational purposes only.
• Multiple Reference Cross-Checks: When GMP is reported, Digital Arthalaya may cross-check multiple publicly available GMP reference sources or other identifiable market observations. The source context and last-checked time should be recorded where practical. GMP must never be presented as official exchange or SEBI data.
• Range & Verification Protocol: If multiple GMP sources disagree, we do not manufacture a single precise number; instead, we show an observed range where appropriate and explain that different unofficial sources may report different values. If only one unreliable or stale observation exists, we display "GMP data not sufficiently verified" instead of inventing a figure.
• Fundamentals-First Principle: We urge all readers to evaluate IPOs based on audited balance sheets, corporate governance, promoter track records, and competitive moats rather than short-term grey market premiums.

4. Prohibited Content & Anti-Clickbait Standards

To protect reader trust and maintain the highest editorial standards, Digital Arthalaya strictly bans the following practices:

• Guaranteed return promises (e.g., "100% Multibagger IPO").
• Unsubstantiated corporate takeover or listing date rumors.
• Sensationalist or alarmist headlines designed solely for clickbait.
• Artificial freshness date updates without actual factual revisions.
• Fabricated GMP figures or presenting unofficial GMP as NSE/BSE/SEBI data.
• AI-generated factual claims published without source verification.

5. Editorial Research & Review Standards

Digital Arthalaya follows a defined editorial verification process for IPO and financial content. Research may involve reviewing offer documents, exchange filings, company announcements, registrar information, and other relevant primary sources. AI tools may assist with research organization, drafting, summarization, or data structuring, but material factual information should be checked against relevant sources before publication.