IPO Guru
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IPO reviews & analysis · 3 Nov 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.

In focus
1 / 3
Maxwell Engineering Solutions
SMEOpen · closes 3 Nov
GMP ₹80+50.6%
Price band
₹150 – 158
Min. investment
₹126,400
Issue size
₹57.64 Cr
Last day to bid — closes today Read full review →

Live IPOs today — GMP, price band and subscription

Did GMP get it right?

GMP vs actual listing — last 10 debuts

All listings →
✓ GMP was within 5% of the actual listing gain on 9 of 10
GMP before listing Actual listing gain Above expectation Below expectation
EAAA India Alternatives MAIN
GMP +3.2% Listed +0.6%
As Per Expectation
Jio Platforms MAIN
GMP +22.1% Listed +21.4%
As Per Expectation
Paras Healthcare MAIN
GMP +1.9% Listed +3.9%
As Per Expectation
Zetwerk Manufacturing Business MAIN
GMP +0.7% Listed +5.5%
As Per Expectation
Sahajanand Medical Technologies MAIN
GMP +4.9% Listed +7.9%
As Per Expectation
Bonfiglioli Transmissions MAIN
GMP +11.3% Listed 0.0%
Below Expectation
Tonbo Imaging India MAIN
GMP +64.3% Listed +65.7%
As Per Expectation
Shellz India SME
GMP +3.9% Listed 0.0%
As Per Expectation
Fusion CX MAIN
GMP +4.7% Listed +5.5%
As Per Expectation
Ravita Engineering Services SME
GMP +0.9% Listed 0.0%
As Per Expectation
Broker & analyst reports

Top-rated analysts

All analysts →
  1. 1 Canara Bank Securities Canara Bank Securities51 reports · Top Performer 51 Top Performer 92
  2. 2 Nirmal Bang Nirmal Bang31 reports · Top Performer 31 Top Performer 87
  3. 3 Adroit Financial Services Adroit Financial Services108 reports · Top Performer 108 Top Performer 85
  4. 4 SBI Securities SBI Securities99 reports · Top Performer 99 Top Performer 84
  5. 5 Mangal Keshav Mangal Keshav93 reports · Top Performer 93 Top Performer 84
As it happens

Latest IPO news

All IPO news →
Prism IPO: Oyo Parent Posts ₹353 Crore Profit for April–June, Up 17%

Prism IPO: Oyo Parent Posts ₹353 Crore Profit for April–June, Up 17%

Prism, the parent of Oyo, posted a ₹353 crore profit for April–June 2026, up 17%. About ₹244 crore came from a tax credit. Revenue rose 35%.
Bombay Coated and Special Steels IPO Subscription Status: 60.77x on Final Day, QIB 35.5x
SFC Environmental Technologies IPO Lists on 3 November After 9.47x Book, Retail at 2.71x
BLS Polymers IPO Lists on 3 November: GMP Points to a 44% Gain After 241x Demand
M.K.Sons Fine Jewels IPO Allotment Status: Basis Due 2 November, Listing 4 November
South Eastern Coalfields IPO: Coal India Unit Files DRHP, Entirely an OFS
EAAA India Alternatives Listing Price: ₹1,675.50 on NSE, +0.63% vs Issue Price
New to IPOs?

Four things to understand first

What is GMP?

Grey Market Premium — the extra price traders pay before listing. A high GMP hints at listing gains, but it's sentiment, not a promise.

QIB, NII & Retail?

The three bidder groups. Strong QIB (big institutions) demand is the clearest quality signal; Retail is you.

How do I apply?

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

Checking allotment?

After the allotment date, enter your PAN on the registrar's site (KFintech / MUFG Intime) or BSE / NSE.

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.

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