IPO Guru
IPO Guru
IPO Reviews & Analysis · 24 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
1
Allotment today
1
Listing today
Hottest IPOs this week
1 / 3
Poojaa Precision Engg logo
Poojaa Precision Engg
SME Opens 28 Jul
GMP
₹195 +64.8%
Subscription
QIB —
NII —
Retail —
GMP trend ▲+₹195
Trading at a grey-market premium Read full review →
Indo-MIM logo
Indo-MIM
MAINBOARD Open · closes 27 Jul
GMP
₹174 +35.9%
Subscription
QIB 1.11x
NII 8.44x
Retail 1.89x
GMP trend ▲+₹60
Strong subscription demand across categories Read full review →
Shree Balaji (Mala) Textiles logo
Shree Balaji (Mala) Textiles
SME Open · closes 24 Jul
GMP
₹16 +22.9%
Subscription
QIB 113.55x
NII 185.23x
Retail 228.24x
GMP trend ▲+₹16
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
Shree Balaji (Mala) Textiles
₹66-70 · Lot 2000
GMP
₹16+22.9%
Subscribed
186.34x
QIB
113.55x
NII
185.23x
Retail
228.24x
Last day today View details →
MAINBOARD MODERATE
Xtranet Technologies
₹120-127 · Lot 110
GMP
₹10+7.9%
Subscribed
1.96x
QIB
0.91x
NII
2.12x
Retail
2.50x
3 days left View details →
MAINBOARD MODERATE
Lohia Corp
₹404-425 · Lot 35
GMP
₹14+3.3%
Subscribed
0.59x
QIB
0.51x
NII
0.42x
Retail
1.08x
3 days left View details →
MAINBOARD STRONG
Indo-MIM
₹461-485 · Lot 30
GMP
₹174+35.9%
Subscribed
3.07x
QIB
1.11x
NII
8.44x
Retail
1.89x
3 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 — Metalic Technoforge, 24 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
SBI Funds Management MAIN +16.6% → ▲ 6.8%
Aastha Spintex MAIN +3.7% → —
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%

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.