IPO Guru
IPO Reviews & Analysis · 8 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
1
Closing today
0
Allotment today
4
Listing today
Best IPO Now
1 / 3
Pranav Constructions logo
Pranav Constructions
MAINBOARD Open · closes 9 Sep
GMP
₹45 +36.3%
Subscription
QIB 0.92x
NII 34.02x
Retail 13.79x
GMP trend +₹23
Strong subscription demand across categories Read full review →
Kanohar Electricals logo
Kanohar Electricals
MAINBOARD Open · closes 10 Sep
GMP
₹218 +34.5%
Subscription
QIB 0.01x
NII 3.35x
Retail 2.70x
GMP trend +₹186
Strong subscription demand across categories Read full review →
Glass Wall Systems (India) logo
Glass Wall Systems (India)
MAINBOARD Open · closes 10 Sep
GMP
₹53 +29.1%
Subscription
QIB 0.01x
NII 1.97x
Retail 2.96x
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
SME STRONG
Qualiance International
₹120-127 · Lot 1000
GMP
₹65+51.2%
Subscribed
358.99x
QIB
213.20x
NII
448.94x
Retail
389.84x
Last day today View details →
MAINBOARD MODERATE
Pranav Constructions
₹118-124 · Lot 120
GMP
₹45+36.3%
Subscribed
15.09x
QIB
0.92x
NII
34.02x
Retail
13.79x
1 day left View details →
SME WEAK
Apana Logistics
₹60 · Lot 2000
GMP
₹10+16.7%
Subscribed
0.49x
QIB
0.00x
NII
0.08x
Retail
0.94x
1 day left View details →
MAINBOARD MODERATE
Kanohar Electricals
₹601-632 · Lot 23
GMP
₹218+34.5%
Subscribed
2.07x
QIB
0.01x
NII
3.35x
Retail
2.70x
2 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 — Qualiance International, 9 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
Deepa Jewellers MAIN +14.1% ▲ 24.9%
Rays of Belief MAIN +6.3% ▲ 0.0%
Fly-Hi Maritime Travels SME +1.0% ▼ 20.0%
Farm Peace SME +100.0% ▲ 90.0%
Purple Style Labs MAIN -1.7% ▼ 7.0%
Ashutosh Fibre SME +60.9% ▲ 52.2%
Phychem Technologies SME +1.9% ▲ 3.7%
Shanti Inorganics SME +65.1% ▲ 90.0%

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 39 Reliable Analyst 74 3 Arihant Capital Arihant Capital 20 Reliable Analyst 73 4 Aditya Birla Money Aditya Birla Money 13 Reliable Analyst 71 5 Anand Rathi Anand Rathi 32 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.