IPO Guru
IPO Guru
IPO Reviews & Analysis · 16 Sep 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.

9
Open now
3
Closing today
5
Allotment today
3
Listing today
Best IPO Now
1 / 3
SS Retail logo
SS Retail
MAINBOARD Open · closes 18 Sep
GMP
₹95 +22.4%
Subscription
QIB 0.00x
NII 0.66x
Retail 1.25x
GMP trend ▲+₹65
Trading at a grey-market premium Read full review →
Jindal Supreme (India) logo
Jindal Supreme (India)
MAINBOARD Open · closes 18 Sep
GMP
₹20 +21.5%
Subscription
QIB 1.01x
NII 2.98x
Retail 6.80x
GMP trend ▲+₹9
Strong subscription demand across categories Read full review →
Hero Motors logo
Hero Motors
MAINBOARD Open · closes 18 Sep
GMP
₹9 +10.7%
Subscription
QIB 0.00x
NII 0.69x
Retail 1.53x
GMP trend ▲+₹1
Trading at a grey-market premium Read full review →

Open now — who's bidding?

Live GMP and who's actually bidding. Watch QIB (institutions) — strong QIB demand is the clearest sign an IPO is in real demand.

All live subscription →
Strong demand Awaiting data Weak demand
MAINBOARD STRONG
Manika Plastech
₹40-43 · Lot 348
GMP
₹4+9.3%
Subscribed
13.11x
QIB
1.25x
NII
20.84x
Retail
16.38x
Last day today View details →
SME STRONG
Century Business Media
₹70-74 · Lot 1600
GMP
No GMP
Subscribed
5.68x
QIB
12.09x
NII
3.86x
Retail
3.10x
Last day today View details →
SME STRONG
Injecto Polymers
₹98-100 · Lot 1200
GMP
No GMP
Subscribed
1.01x
QIB
1.02x
NII
0.99x
Retail
1.04x
Last day today View details →
SME WEAK
Quanto Agroworld
₹67 · Lot 2000
GMP
No GMP
Subscribed
0.04x
QIB
0.00x
NII
0.01x
Retail
0.08x
1 day left View details →
Allotment status

Did you get the shares?

Enter your PAN to check across BSE, NSE & registrars (KFintech, MUFG Intime).

Next basis of allotment — Veegaland Developers, 16 Sep
Did GMP get it right?

GMP vs actual listing — the last 8 debuts.

We track our grey-market signal against actual listing-day results so you can judge how much to trust it.

All listings →
CompanyGMP signalListed at
Glass Wall Systems (India) MAIN +22.5% → ▲ 6.6%
Prasol Chemicals MAIN -1.9% → ▼ 9.8%
Kanohar Electricals MAIN +30.1% → ▲ 8.5%
Pranav Constructions MAIN +36.3% → ▲ 33.1%
Apana Logistics SME +1.7% → ▲ 0.0%
Qualiance International SME +63.8% → ▲ 77.1%
Deepa Jewellers MAIN +14.1% → ▲ 24.9%
Rays of Belief MAIN +6.3% → ▲ 0.0%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Arihant Capital Arihant Capital 22 Reliable Analyst 73 2 Nirmal Bang Nirmal Bang 26 Reliable Analyst 72 3 Canara Bank Securities Canara Bank Securities 45 Reliable Analyst 72 4 Aditya Birla Money Aditya Birla Money 13 Reliable Analyst 69 5 Anand Rathi Anand Rathi 34 Average Performer 66
New to IPOs?

The 4 things to understand first.

01

What is GMP?

Grey Market Premium — the extra price investors will pay before listing. High GMP signals likely listing gains, but it's sentiment, not a promise.

02

QIB, NII & Retail?

The three bidder groups. Strong QIB (big institutions) demand is the best quality signal; Retail is you. Watch all three converge.

03

How do I apply?

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

04

Checking allotment?

After the allotment date, enter your PAN on the registrar's site (KFintech / MUFG Intime) or BSE/NSE to see if you got shares.

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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.