{ "schema_version": "v2", "article": "article_022_ipo_muhurta", "title": "IPO muhurta 2025–2026: Cancer/Taurus lagna + Mercury direct outperformance", "framework": "73 Indian unicorn IPOs 2010–2024 scored on five panchang factors (tithi, nakshatra, lagna, Mercury direct/retrograde, Jupiter sign). High-band IPOs returned 1.44× the low-band over 12-month listing window and outperformed Nifty 50 by 38 percentage points. Cancer, Taurus, and Libra lagnas dominated the high band; Mercury retrograde IPOs underperformed Nifty by 31%; Rikta tithi IPOs underperformed by 31%.", "published_at": "2026-04-15", "generated_at": "2026-04-27T11:41:56.944Z", "generator": "tools/build_v2_receipts.js", "central_call": "Indian unicorn IPOs listing in calendar 2025–2026 with Cancer or Taurus listing-day lagna AND Mercury direct AND non-rikta tithi will outperform Nifty 50 by at least 15 percentage points over their 12-month post-listing window, as a cohort. Conversely, IPOs in this window with Mercury retrograde OR rikta tithi listing days will underperform Nifty by at least 10 percentage points as a cohort.", "call_definition": "Indian unicorn IPOs listing in calendar 2025–2026 with Cancer or Taurus listing-day lagna AND Mercury direct AND non-rikta tithi will outperform Nifty 50 by at least 15 percentage points over their 12-month post-listing window, as a cohort. Conversely, IPOs in this window with Mercury retrograde OR rikta tithi listing days will underperform Nifty by at least 10 percentage points as a cohort.", "windows": null, "horizon_start": "2025-04-01", "horizon_end": "2027-12-31", "lookback_basis": "n=73 unicorn IPOs (issue size >USD 250m equivalent or unicorn-status pre-listing) on NSE/BSE 2010-01-01 to 2024-12-31. 12-month listing-day return measured against the listing-day Nifty 50 close. Panchang scoring pre-stated; Cancer lagna n=11 mean return 47%, Taurus lagna n=9 mean return 38%, Libra lagna n=14 mean return 29%; Mercury retrograde n=18 mean Nifty-relative -31%; Rikta tithi (4/9/14) n=11 mean Nifty-relative -31%.", "falsifier": "If the high-band cohort (Cancer/Taurus + Mercury direct + non-rikta) defined above does not outperform Nifty 50 by ≥15 percentage points on 12-month post-listing return median, or if the low-band cohort (Mercury retrograde or rikta) does not underperform by ≥10 percentage points, the call fails. Reconciliation requires ≥5 IPOs in each cohort within the window for statistical readability.", "vedic_chart_data": { "entities": { "NSE 1994": { "birth_data": { "date": "1994-11-03", "time": "11:00", "lat": 19.076, "lon": 72.8777, "tz": 5.5, "note": "National Stock Exchange equity trading commencement 3 November 1994 Mumbai." }, "ayanamsha": "Lahiri/True Pushya", "rashi_d1": { "ascendant": { "degree": 15.72, "nakshatra": "Purva Ashadha", "pada": 1, "sign": "Sagittarius" }, "positions": { "Jupiter": { "sign": "Libra", "degree": 29.36, "nakshatra": "Vishakha", "pada": 3, "retrograde": false, "combust": null, "house": 11, "longitude": 209.364 }, "Ketu": { "sign": "Aries", "degree": 22.23, "nakshatra": "Bharani", "pada": 3, "retrograde": false, "combust": null, "house": 5, "longitude": 22.228 }, "Mars": { "sign": "Cancer", "degree": 22.82, "nakshatra": "Ashlesha", "pada": 2, "retrograde": false, "combust": null, "house": 8, "longitude": 112.823 }, "Mercury": { "sign": "Virgo", "degree": 29.6, "nakshatra": "Chitra", "pada": 2, "retrograde": false, "combust": null, "house": 10, "longitude": 179.602 }, "Moon": { "sign": "Libra", "degree": 13.14, "nakshatra": "Swati", "pada": 2, "retrograde": false, "combust": null, "house": 11, "longitude": 193.135 }, "Rahu": { "sign": "Libra", "degree": 22.23, "nakshatra": "Vishakha", "pada": 1, "retrograde": false, "combust": null, "house": 11, "longitude": 202.228 }, "Saturn": { "sign": "Aquarius", "degree": 13.06, "nakshatra": "Shatabhisha", "pada": 2, "retrograde": true, "combust": null, "house": 3, "longitude": 313.06 }, "Sun": { "sign": "Libra", "degree": 17.91, "nakshatra": "Swati", "pada": 4, "retrograde": false, "combust": null, "house": 11, "longitude": 197.914 }, "Venus": { "sign": "Libra", "degree": 17.49, "nakshatra": "Swati", "pada": 4, "retrograde": true, "combust": null, "house": 11, "longitude": 197.491 } } }, "vargas": { "D2_hora": { "Jupiter": "Cancer", "Ketu": "Cancer", "Mars": "Leo", "Mercury": "Leo", "Moon": "Leo", "Rahu": "Cancer", "Saturn": "Leo", "Sun": "Cancer", "Venus": "Cancer" }, "D7_saptamsa": { "Jupiter": "Aries", "Ketu": "Virgo", "Mars": "Gemini", "Mercury": "Virgo", "Moon": "Capricorn", "Rahu": "Pisces", "Saturn": "Taurus", "Sun": "Aquarius", "Venus": "Aquarius" }, "D9_navamsa": { "Jupiter": "Gemini", "Ketu": "Libra", "Mars": "Capricorn", "Mercury": "Virgo", "Moon": "Capricorn", "Rahu": "Aries", "Saturn": "Capricorn", "Sun": "Pisces", "Venus": "Pisces" }, "D10_dasamsa": { "Jupiter": "Cancer", "Ketu": "Scorpio", "Mars": "Libra", "Mercury": "Aquarius", "Moon": "Aquarius", "Rahu": "Taurus", "Saturn": "Gemini", "Sun": "Pisces", "Venus": "Pisces" }, "D60_shashtiamsa": { "Jupiter": "Leo", "Ketu": "Sagittarius", "Mars": "Aries", "Mercury": "Leo", "Moon": "Sagittarius", "Rahu": "Gemini", "Saturn": "Aries", "Sun": "Virgo", "Venus": "Leo" } }, "active_dasha_at_call": { "mahadasha": { "lord": "Saturn", "start": "2020-02-08", "end": "2039-02-07" }, "antardasha": { "lord": "Mercury", "start": "2023-02-10", "end": "2025-10-20" }, "pratyantara": { "lord": "Jupiter", "start": "2025-01-06", "end": "2025-05-17" }, "full_antardasha_sequence": [ { "lord": "Saturn", "start": "2020-02-08", "end": "2023-02-10" }, { "lord": "Mercury", "start": "2023-02-10", "end": "2025-10-20" }, { "lord": "Ketu", "start": "2025-10-20", "end": "2026-11-29" }, { "lord": "Venus", "start": "2026-11-29", "end": "2030-01-29" }, { "lord": "Sun", "start": "2030-01-29", "end": "2031-01-11" }, { "lord": "Moon", "start": "2031-01-11", "end": "2032-08-11" }, { "lord": "Mars", "start": "2032-08-11", "end": "2033-09-20" }, { "lord": "Rahu", "start": "2033-09-20", "end": "2036-07-27" }, { "lord": "Jupiter", "start": "2036-07-27", "end": "2039-02-07" } ] }, "key_conjunctions": [ { "planets": [ "Jupiter", "Rahu" ], "sign": "Libra", "orb_degrees": 7.14 }, { "planets": [ "Moon", "Sun" ], "sign": "Libra", "orb_degrees": 4.78 }, { "planets": [ "Moon", "Venus" ], "sign": "Libra", "orb_degrees": 4.36 }, { "planets": [ "Rahu", "Sun" ], "sign": "Libra", "orb_degrees": 4.31 }, { "planets": [ "Rahu", "Venus" ], "sign": "Libra", "orb_degrees": 4.74 }, { "planets": [ "Sun", "Venus" ], "sign": "Libra", "orb_degrees": 0.42 } ], "key_aspects": [ { "from": "Jupiter", "from_house": 11, "aspect": "5th", "target_house": 3, "target_sign": "Aquarius" }, { "from": "Jupiter", "from_house": 11, "aspect": "7th", "target_house": 5, "target_sign": "Aries" }, { "from": "Jupiter", "from_house": 11, "aspect": "9th", "target_house": 7, "target_sign": "Gemini" }, { "from": "Ketu", "from_house": 5, "aspect": "5th", "target_house": 9, "target_sign": "Leo" }, { "from": "Ketu", "from_house": 5, "aspect": "7th", "target_house": 11, "target_sign": "Libra" }, { "from": "Ketu", "from_house": 5, "aspect": "9th", "target_house": 1, "target_sign": "Sagittarius" }, { "from": "Mars", "from_house": 8, "aspect": "4th", "target_house": 11, "target_sign": "Libra" }, { "from": "Mars", "from_house": 8, "aspect": "7th", "target_house": 2, "target_sign": "Capricorn" }, { "from": "Mars", "from_house": 8, "aspect": "8th", "target_house": 3, "target_sign": "Aquarius" }, { "from": "Mercury", "from_house": 10, "aspect": "7th", "target_house": 4, "target_sign": "Pisces" }, { "from": "Moon", "from_house": 11, "aspect": "7th", "target_house": 5, "target_sign": "Aries" }, { "from": "Rahu", "from_house": 11, "aspect": "5th", "target_house": 3, "target_sign": "Aquarius" }, { "from": "Rahu", "from_house": 11, "aspect": "7th", "target_house": 5, "target_sign": "Aries" }, { "from": "Rahu", "from_house": 11, "aspect": "9th", "target_house": 7, "target_sign": "Gemini" }, { "from": "Saturn", "from_house": 3, "aspect": "3th", "target_house": 5, "target_sign": "Aries" }, { "from": "Saturn", "from_house": 3, "aspect": "7th", "target_house": 9, "target_sign": "Leo" }, { "from": "Saturn", "from_house": 3, "aspect": "10th", "target_house": 12, "target_sign": "Scorpio" }, { "from": "Sun", "from_house": 11, "aspect": "7th", "target_house": 5, "target_sign": "Aries" }, { "from": "Venus", "from_house": 11, "aspect": "7th", "target_house": 5, "target_sign": "Aries" } ] } } }, "transit_window_snapshots": null, "result": null, "reconciled_at": null, "reconciliation_notes": null }