System Requirements Document

1. Introduction

This document outlines the system requirements for the AI-Powered IPO Research Platform, a web application designed to simplify and enhance the process of analyzing IPO documents for retail investors in India. The platform aims to convert complex IPO documents into easy-to-understand, unbiased, and comprehensive research reports, enabling informed investment decisions.

2. System Overview

The AI-Powered IPO Research Platform will automatically analyze official IPO documents and generate transparent, evidence-backed reports. It will provide users with structured IPO research, financial analysis, risk assessment, and AI-driven insights, all within a responsive web application.

3. Functional Requirements

As a Retail Investor, I want to:

• Detect newly announced IPOs automatically.
• Access a calendar of upcoming IPOs.
• View IPO timelines and company overviews.
• Access IPO details such as price band, lot size, and issue size.
• Read a basic financial summary for free.
• Purchase a subscription to unlock full reports.
• Use AI Chat to ask questions about IPOs.
• Save IPOs to a watchlist for future reference.
• Access historical and future IPO reports.
• Compare IPO valuations with listed peers.
• Receive an AI-based IPO Quality Score.
• Get investment assessments suitable for different investor profiles.
• Understand the business model of companies launching IPOs.
• Identify competitive advantages of companies.
• Read an executive summary of IPO reports.
• View detailed financial ratios for companies.
• Compare peer companies based on various financial metrics.
• Recognize positive signals in IPO reports.
• Analyze promoter details and background.
• Identify red flags in IPO reports.
• Understand why a company is raising money through an IPO.

As a Pro Plan Subscriber, I want to:

• Have unlimited access to complete IPO reports.
• Access detailed financial, risk, and valuation analyses.
• Use AI Chat without daily limits.
• Compare peer companies and receive AI investment assessments.

As a Financial Advisor, I want to:

• Access comprehensive IPO reports to advise clients.
• Use AI tools to quickly analyze IPO documents.

As an Admin, I want to:

• Detect new IPOs and upload documents.
• Review, edit, and publish reports.
• Manage users and payments.
• View analytics and monitor processing status.
• Manage AI prompts and regenerate reports if necessary.

As a User, I want to:

• Search for IPOs by company name, sector, industry, IPO status, or listing year.
• Authenticate using Google, email, or OTP login.
• Manage my profile and reset my password.
• Make payments using various methods including UPI, credit/debit cards, and net banking.

4. User Personas

• Retail Investor: Individuals looking to invest in IPOs with limited time to analyze documents.
• Financial Advisor: Professionals advising clients on investment opportunities.
• Admin: Platform managers responsible for content and user management.
• Pro Plan Subscriber: Users seeking in-depth analysis and unlimited access to reports.

5. Core User Flows

Retail Investor Flow

1. Visit homepage.
2. View active and upcoming IPOs.
3. Open an IPO report and read the free summary.
4. Purchase a subscription to unlock full report.
5. Use AI Chat for queries.
6. Save IPO to watchlist.

Admin Flow

1. Detect new IPOs.
2. Upload and process documents.
3. Review and publish reports.
4. Manage user accounts and subscriptions.
5. Monitor system analytics and processing status.

6. Visuals Colors and Theme

• Professional blues and teals to convey trust and reliability.
• Modern, clean design with intuitive navigation.

7. Signature Design Concept

• Minimalist design focusing on readability and ease of use.
• Emphasis on data visualization for financial and risk analysis.

8. Interaction Model & Motion Direction

• Smooth transitions and animations to enhance user experience.
• Responsive design ensuring seamless interaction across devices.

9. Non-Functional Requirements

• Responsive design with a mobile-first approach.
• SEO optimized for better search engine visibility.
• Fast loading times (<2 seconds).
• High availability (99.9% uptime).
• Secure authentication and payment processes.
• Source traceability for all data and insights.
• Automatic backups and audit logs.
• Scalable cloud infrastructure to handle increased demand.

10. Tech Stack

• Frontend: React.js
• Backend: Python + FastAPI
• Database: MySQL with Alembic migrations

11. Assumptions and Constraints

• The platform will primarily target the Indian market.
• Reports must be published within 30 minutes of document availability.
• Financial extraction accuracy should be above 95%.
• The platform will not provide direct Buy/Sell recommendations.

12. Glossary

• IPO: Initial Public Offering
• DRHP: Draft Red Herring Prospectus
• RHP: Red Herring Prospectus
• SEBI: Securities and Exchange Board of India
• AI: Artificial Intelligence
• CAGR: Compound Annual Growth Rate
• EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization
• ROE: Return on Equity
• ROCE: Return on Capital Employed
• PAT: Profit After Tax
• P/E: Price to Earnings Ratio
• P/B: Price to Book Ratio
• EV: Enterprise Value