IPO Guru
IPO Guru
IPO Reviews & Analysis · 7 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.

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Closing today
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Allotment today
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Listing today
Best IPO Now
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Pranav Constructions logo
Pranav Constructions
MAINBOARD Open · closes 9 Sep
GMP
₹43 +34.7%
Subscription
QIB 0.49x
NII 7.19x
Retail 4.68x
GMP trend ▲+₹21
Strong subscription demand across categories Read full review →
Qualiance International logo
Qualiance International
SME Open · closes 8 Sep
GMP
₹55 +43.3%
Subscription
QIB 5.75x
NII 74.67x
Retail 97.21x
GMP trend ▲+₹5
Strong subscription demand across categories Read full review →
Apana Logistics logo
Apana Logistics
SME Open · closes 9 Sep
GMP
₹11 +18.3%
Subscription
QIB 0.00x
NII 0.02x
Retail 0.32x
GMP trend ▲+₹8
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
SME STRONG
Qualiance International
₹120-127 · Lot 1000
GMP
₹55+43.3%
Subscribed
66.88x
QIB
5.75x
NII
74.67x
Retail
97.21x
1 day left View details →
MAINBOARD MODERATE
Pranav Constructions
₹118-124 · Lot 120
GMP
₹43+34.7%
Subscribed
4.30x
QIB
0.49x
NII
7.19x
Retail
4.68x
2 days left View details →
SME WEAK
Apana Logistics
₹60 · Lot 2000
GMP
₹11+18.3%
Subscribed
0.16x
QIB
0.00x
NII
0.02x
Retail
0.32x
2 days 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 — Qualiance International, 9 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
Purple Style Labs MAIN -1.7% → ▼ 7.0%
Ashutosh Fibre SME +60.9% → ▲ 52.2%
Phychem Technologies SME +1.9% → ▲ 3.7%
Shanti Inorganics SME +65.1% → ▲ 90.0%
ESDS Software Solution MAIN +57.6% → ▲ 76.5%
Priority Jewels MAIN +14.0% → ▲ 15.0%
Paluck Technologies SME +18.8% → ▼ 2.5%
Complete Sports & Management India SME No signal → ▲ 3.0%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Nirmal Bang Nirmal Bang 23 Reliable Analyst 75 2 Canara Bank Securities Canara Bank Securities 39 Reliable Analyst 74 3 Arihant Capital Arihant Capital 20 Reliable Analyst 73 4 Aditya Birla Money Aditya Birla Money 13 Reliable Analyst 71 5 Anand Rathi Anand Rathi 32 Reliable Analyst 69
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.