IPO Guru
IPO Reviews & Analysis · 25 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.

23
Open now
9
Closing today
3
Allotment today
1
Listing today
Best IPO Now
1 / 3
Moneyview logo
Moneyview
MAINBOARD Open · closes 28 Sep
GMP
₹15 +45.6%
Subscription
QIB 0.05x
NII 2.43x
Retail 1.79x
GMP trend ▲+₹16
Strong subscription demand across categories Read full review →
Orient Cables (India) logo
Orient Cables (India)
MAINBOARD Open · closes 29 Sep
GMP
₹113 +41.5%
Subscription
QIB —
NII —
Retail —
GMP trend ▲+₹113
Trading at a grey-market premium Read full review →
Adroit Industries (India) logo
Adroit Industries (India)
MAINBOARD Open · closes 25 Sep
GMP
₹37 +27.6%
Subscription
QIB 1.82x
NII 27.21x
Retail 23.43x
GMP trend ▲+₹29
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 MODERATE
ArMee Infotech
₹350-375 · Lot 40
GMP
₹20+5.3%
Subscribed
1.17x
QIB
0.94x
NII
0.86x
Retail
1.35x
Last day today View details →
MAINBOARD WEAK
Elevate Campuses
₹343-362 · Lot 41
GMP
₹2+0.7%
Subscribed
0.23x
QIB
0.18x
NII
0.33x
Retail
0.23x
Last day today View details →
MAINBOARD STRONG
Adroit Industries (India)
₹126-134 · Lot 111
GMP
₹37+27.6%
Subscribed
18.07x
QIB
1.82x
NII
27.21x
Retail
23.43x
Last day today View details →
MAINBOARD STRONG
Swastika Infra
₹175-185 · Lot 81
GMP
₹9+4.9%
Subscribed
1.64x
QIB
1.00x
NII
2.58x
Retail
1.59x
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 — Varmora Granito, 25 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
NSE MAIN +2.2% → ▲ 0.8%
Sonaselection India MAIN No signal → ▲ 3.3%
SpectraA Technology Solutions SME +68.6% → ▲ 90.0%
Kheria Autocomp SME +3.0% → ▲ 3.9%
Hero Motors MAIN -3.6% → ▼ 2.4%
SS Retail MAIN +37.7% → ▲ 47.2%
Jindal Supreme (India) MAIN +31.2% → ▲ 29.0%
Vama Wovenfab SME +0.9% → ▲ 0.0%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Canara Bank Securities Canara Bank Securities 48 Reliable Analyst 73 2 Arihant Capital Arihant Capital 24 Reliable Analyst 73 3 Nirmal Bang Nirmal Bang 27 Reliable Analyst 72 4 Aditya Birla Money Aditya Birla Money 21 Reliable Analyst 70 5 Ajcon Global Services Ajcon Global Services 16 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.