IPO Guru
IPO Guru
IPO Reviews & Analysis · 3 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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Open now
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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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Rays of Belief logo
Rays of Belief
MAINBOARD Open · closes 3 Sep
GMP
₹47 +19.7%
Subscription
QIB 0.01x
NII 2.07x
Retail 18.63x
GMP trend ▲+₹29
Strong subscription demand across categories Read full review →
Deepa Jewellers logo
Deepa Jewellers
MAINBOARD Open · closes 3 Sep
GMP
₹28 +15.8%
Subscription
QIB 0.46x
NII 5.11x
Retail 4.71x
GMP trend ▲+₹16
Strong subscription demand across categories Read full review →
Fly-Hi Maritime Travels logo
Fly-Hi Maritime Travels
SME Open · closes 3 Sep
GMP
₹20 +19.6%
Subscription
QIB 0.00x
NII 0.13x
Retail 0.19x
GMP trend ▲+₹15
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 MODERATE
Rays of Belief
₹227-239 · Lot 62
GMP
₹47+19.7%
Subscribed
3.63x
QIB
0.01x
NII
2.07x
Retail
18.63x
Last day today View details →
MAINBOARD MODERATE
Deepa Jewellers
₹168-177 · Lot 84
GMP
₹28+15.8%
Subscribed
3.61x
QIB
0.46x
NII
5.11x
Retail
4.71x
Last day today View details →
SME WEAK
Farm Peace
₹59 · Lot 2000
GMP
No GMP
Subscribed
0.11x
QIB
0.00x
NII
0.11x
Retail
0.11x
Last day today View details →
SME WEAK
Fly-Hi Maritime Travels
₹102 · Lot 1200
GMP
₹20+19.6%
Subscribed
0.16x
QIB
0.00x
NII
0.13x
Retail
0.19x
Last day today 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 — Purple Style Labs, 3 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
Annu Projects MAIN -7.1% → ▼ 27.3%
Sumax Engineering SME +21.8% → ▲ 9.9%
Hy-Tech Engineers MAIN +66.0% → ▲ 41.5%
Symbiotec Pharmalab MAIN +18.7% → ▲ 0.0%
Skyways Air Services MAIN +23.2% → ▼ 10.1%
Madhur Knit Crafts SME +2.0% → ▲ 0.0%
ABH Healthcare SME No signal → ▼ 2.9%
Augmont Enterprises MAIN +36.8% → ▲ 22.0%

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 38 Reliable Analyst 73 3 Arihant Capital Arihant Capital 20 Reliable Analyst 72 4 Aditya Birla Money Aditya Birla Money 13 Reliable Analyst 71 5 Anand Rathi Anand Rathi 31 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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IPO Guru is an information platform. 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.