IPO Guru
IPO Guru
IPO Reviews & Analysis · 3 Jul 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
1
Closing today
6
Allotment today
1
Listing today
Hottest IPOs this week
1 / 3
IC Electricals Company logo
IC Electricals Company
SME Open · closes 7 Jul
GMP
₹45 +45.5%
Subscription
QIB 0.00x
NII 0.00x
Retail 0.00x
GMP trend ▲+₹45
Trading at a grey-market premium Read full review →
Kusumgar logo
Kusumgar
MAINBOARD Opens 8 Jul
GMP
₹140 +33.4%
Subscription
QIB —
NII —
Retail —
GMP trend ▲+₹105
Trading at a grey-market premium Read full review →
Kratikal Tech logo
Kratikal Tech
SME Closed · lists 7 Jul
GMP
₹33 +24.4%
Subscription
QIB 145.82x
NII 239.92x
Retail 218.48x
GMP trend ▲+₹33
Strong subscription demand across categories 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
Knack packaging
₹161-170 · Lot 88
GMP
₹26+15.6%
Subscribed
83.33x
QIB
154.34x
NII
139.81x
Retail
20.07x
Last day today View details →
SME WEAK
IC Electricals Company
₹94-99 · Lot 1200
GMP
₹45+45.5%
Subscribed
0.00x
QIB
0.00x
NII
0.00x
Retail
0.00x
4 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 — Atharva Polyplast, 3 Jul
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
Advit Jewels MAIN +35.9% → ▲ 36.9%
Jivial Industries SME No signal → ▼ 20.0%
Riyaasat Lifestyle SME No signal → ▼ 20.0%
Avience Biomedicals SME +69.7% → ▲ 90.0%
Liotech Industries SME No signal → ▼ 19.9%
Leapfrog Engineering Services SME No signal → ▼ 4.3%
Horizon Reclaim (India) SME +72.8% → ▲ 46.6%
Hexagon Nutrition MAIN +6.1% → ▲ 7.2%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
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.