IPO Guru
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IPO reviews & analysis · 5 Nov 2026

IPO reviews & analysis,
before you apply.

We review every Mainboard and SME IPO in India — the financials, strengths and risks — alongside live GMP and Subscription. Independent analysis that helps first-time investors understand an IPO before they apply.

In focus
1 / 3
Maxwell Engineering Solutions
SMEClosed · lists 6 Nov
GMP ₹110+69.6%
Price band
₹150 – 158
Min. investment
₹126,400
Issue size
₹57.64 Cr
Lists on Fri, 6 Nov Read full review →

Live IPOs today — GMP, price band and subscription

Did GMP get it right?

GMP vs actual listing — last 10 debuts

All listings →
✓ GMP was within 5% of the actual listing gain on 8 of 10
GMP before listing Actual listing gain Above expectation Below expectation
Bombay Coated and Special Steels MAIN
GMP +9.8% Listed +11.0%
As Per Expectation
M.K.Sons Fine Jewels MAIN
GMP +6.2% Listed +5.6%
As Per Expectation
Ajwa Projects SME
GMP +0.5% Listed 0.0%
As Per Expectation
Carver Roboweld SME
GMP +5.0% Listed +12.5%
Above Expectation
SFC Environmental Technologies MAIN
GMP +4.7% Listed +7.6%
As Per Expectation
BLS Polymers MAIN
GMP +45.3% Listed +65.3%
Above Expectation
Wiscon Industries SME
GMP 0.0% Listed 0.0%
As Per Expectation
EAAA India Alternatives MAIN
GMP +3.2% Listed +0.6%
As Per Expectation
Jio Platforms MAIN
GMP +22.1% Listed +21.4%
As Per Expectation
Paras Healthcare MAIN
GMP +1.9% Listed +3.9%
As Per Expectation
Broker & analyst reports

Top-rated analysts

All analysts →
  1. 1 Canara Bank Securities Canara Bank Securities51 reports · Top Performer 51 Top Performer 91
  2. 2 Nirmal Bang Nirmal Bang31 reports · Top Performer 31 Top Performer 86
  3. 3 SBI Securities SBI Securities99 reports · Top Performer 99 Top Performer 84
  4. 4 Adroit Financial Services Adroit Financial Services108 reports · Top Performer 108 Top Performer 82
  5. 5 ICICI Direct ICICI Direct36 reports · Reliable Analyst 36 Reliable Analyst 81
As it happens

Latest IPO news

All IPO news →
IFL Finance IPO Gets SEBI Nod: Gold Loan NBFC Plans 3.85 Crore Shares

IFL Finance IPO Gets SEBI Nod: Gold Loan NBFC Plans 3.85 Crore Shares

IFL Finance, a Delhi gold loan NBFC, got SEBI's nod on 5 November for an IPO of 3.85 crore shares. Fresh issue, OFS and what happens next.
MSEDCL IPO Planned by February 2027, Aims to Raise Over ₹10,000 Crore
Yogiji Digi IPO: ₹39 Crore Raised in Pre-IPO Placement at ₹216 a Share
Tonbo Imaging Shares Double From IPO Price After First Quarterly Profit
Mahanadi Coalfields IPO Gets SEBI Nod: Coal India Selling 10% Stake
Bombay Coated and Special Steels Shares Open at ₹91 on NSE, 10.98% above Issue Price
PhysicsWallah IPO Money: Monitoring Agency Flags a Deviation
New to IPOs?

Four things to understand first

What is GMP?

Grey Market Premium — the extra price traders pay before listing. A high GMP hints at listing gains, but it's sentiment, not a promise.

QIB, NII & Retail?

The three bidder groups. Strong QIB (big institutions) demand is the clearest quality signal; Retail is you.

How do I apply?

Apply through your broker or bank with UPI before the close date. You bid in fixed lots — one lot is the minimum.

Checking allotment?

After the allotment date, enter your PAN on the registrar's site (KFintech / MUFG Intime) or BSE / NSE.

Founded by Abhishek Vohera · Independent IPO analysis since 2019

IPO Guru is an information platform and is not a SEBI-registered Research Analyst or Investment Adviser. GMP and subscription figures are sourced from public/grey-market data and are indicative only — not investment advice or a recommendation to buy or sell. Please do your own research before investing.

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