IPO Guru
IPO Reviews & Analysis · 30 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.

19
Open now
5
Closing today
9
Allotment today
9
Listing today
Best IPO Now
1 / 3
SRIT India logo
SRIT India
MAINBOARD Open · closes 30 Sep
GMP
₹31 +23.9%
Subscription
QIB 0.03x
NII 5.25x
Retail 6.04x
GMP trend ▲+₹31
Strong subscription demand across categories Read full review →
Shah Investor's Home logo
Shah Investor's Home
MAINBOARD Open · closes 30 Sep
GMP
₹15 +9.0%
Subscription
QIB 1.08x
NII 1.59x
Retail 0.90x
GMP trend ▲+₹5
Strong subscription demand across categories Read full review →
Nityas Gems & Jewellery logo
Nityas Gems & Jewellery
MAINBOARD Open · closes 5 Oct
GMP
₹5 +6.7%
Subscription
QIB —
NII —
Retail —
GMP trend ▲+₹5
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
Shah Investor's Home
₹159-167 · Lot 85
GMP
₹15+9.0%
Subscribed
1.10x
QIB
1.08x
NII
1.59x
Retail
0.90x
Last day today View details →
MAINBOARD MODERATE
SRIT India
₹123-130 · Lot 115
GMP
₹31+23.9%
Subscribed
4.16x
QIB
0.03x
NII
5.25x
Retail
6.04x
Last day today View details →
SME WEAK
Pind Hospitality
₹93-99 · Lot 1200
GMP
₹20+20.2%
Subscribed
0.31x
QIB
1.00x
NII
0.55x
Retail
0.03x
Last day today View details →
SME MODERATE
Shivchem Agro
₹59-62 · Lot 2000
GMP
₹10+16.1%
Subscribed
0.63x
QIB
0.00x
NII
0.64x
Retail
0.68x
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 — Acevector, 30 Sep

Opening soon

Full calendar →
No upcoming IPOs scheduled yet.
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
Varmora Granito MAIN +0.7% → ▲ 4.7%
Anand Seamless SME No signal → ▲ 0.1%
Himalaya Nutravedics India SME No signal → ▲ 11.3%
Vivekanand Cotspin SME No signal → ▲ 2.7%
FX Multitech SME +5.6% → ▲ 6.1%
Robokidz Eduventures SME +81.1% → ▲ 90.0%
Axiom Gas Engineering SME No signal → ▲ 1.4%
NSE MAIN +2.2% → ▲ 0.8%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Nirmal Bang Nirmal Bang 27 Reliable Analyst 73 2 Canara Bank Securities Canara Bank Securities 48 Reliable Analyst 73 3 Arihant Capital Arihant Capital 24 Reliable Analyst 73 4 Aditya Birla Money Aditya Birla Money 21 Reliable Analyst 71 5 Ajcon Global Services Ajcon Global Services 17 Reliable Analyst 71
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.