IPO Guru
IPO Reviews & Analysis · 11 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.

17
Open now
9
Closing today
3
Allotment today
1
Listing today
Best IPO Now
1 / 3
LCC Projects logo
LCC Projects
MAINBOARD Open · closes 11 Sep
GMP
₹51 +34.9%
Subscription
QIB 1.16x
NII 5.33x
Retail 4.69x
GMP trend +₹36
Strong subscription demand across categories Read full review →
Rentomojo logo
Rentomojo
MAINBOARD Open · closes 11 Sep
GMP
₹135 +33.4%
Subscription
QIB 0.45x
NII 11.59x
Retail 4.18x
GMP trend +₹102
Strong subscription demand across categories Read full review →
Manika Plastech logo
Manika Plastech
MAINBOARD Open · closes 16 Sep
GMP
₹13 +30.2%
Subscription
QIB
NII
Retail
GMP trend +₹6
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 MODERATE
Rentomojo
₹384-404 · Lot 37
GMP
₹135+33.4%
Subscribed
4.70x
QIB
0.45x
NII
11.59x
Retail
4.18x
Last day today View details →
MAINBOARD MODERATE
Asset Reconstruction Co.(India)
₹132-139 · Lot 107
GMP
₹14+10.1%
Subscribed
0.87x
QIB
0.10x
NII
1.03x
Retail
1.24x
Last day today View details →
MAINBOARD WEAK
Manipal Payment & Identity Solutions
₹322-339 · Lot 44
GMP
₹4+1.2%
Subscribed
0.31x
QIB
0.03x
NII
0.24x
Retail
1.22x
Last day today View details →
MAINBOARD STRONG
Steamhouse India
₹77-81 · Lot 185
GMP
₹23+28.4%
Subscribed
2.21x
QIB
1.62x
NII
2.00x
Retail
2.63x
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 — Kanohar Electricals, 11 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 25 Reliable Analyst 75 2 Canara Bank Securities Canara Bank Securities 40 Reliable Analyst 74 3 Arihant Capital Arihant Capital 22 Reliable Analyst 73 4 Aditya Birla Money Aditya Birla Money 13 Reliable Analyst 71 5 Anand Rathi Anand Rathi 34 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.