IPO Guru
IPO Guru
IPO Reviews & Analysis · 12 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
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Closing today
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Allotment today
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Listing today
Best IPO Now
1 / 3
Manika Plastech logo
Manika Plastech
MAINBOARD Open · closes 16 Sep
GMP
₹7 +16.3%
Subscription
QIB 0.35x
NII 1.19x
Retail 2.12x
GMP trend ▲+₹0
Strong subscription demand across categories Read full review →
Veegaland Developers logo
Veegaland Developers
MAINBOARD Open · closes 15 Sep
GMP
₹20 +14.3%
Subscription
QIB 0.45x
NII 0.94x
Retail 1.65x
GMP trend ▲+₹6
Strong subscription demand across categories Read full review →
Maharaja & Speedex India logo
Maharaja & Speedex India
SME Open · closes 15 Sep
GMP
₹30 +16.1%
Subscription
QIB 0.10x
NII 0.86x
Retail 0.56x
GMP trend ▲+₹24
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
Veegaland Developers
₹130-140 · Lot 107
GMP
₹20+14.3%
Subscribed
1.15x
QIB
0.45x
NII
0.94x
Retail
1.65x
3 days left View details →
SME WEAK
Panchatv Bharat
₹140 · Lot 1000
GMP
₹7+5.0%
Subscribed
0.00x
QIB
0.00x
NII
0.00x
Retail
0.00x
3 days left View details →
SME MODERATE
Om Galaxy
₹85-90 · Lot 1600
GMP
No GMP
Subscribed
0.95x
QIB
3.11x
NII
0.30x
Retail
0.10x
3 days left View details →
SME STRONG
Raksan Transformers
₹258-273 · Lot 400
GMP
₹30+11.0%
Subscribed
1.29x
QIB
3.87x
NII
0.38x
Retail
0.35x
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 — Rentomojo, 15 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
Qualiance International SME +63.8% → ▲ 77.1%
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%

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 45 Reliable Analyst 75 3 Aditya Birla Money Aditya Birla Money 13 Reliable Analyst 73 4 Arihant Capital Arihant Capital 22 Reliable Analyst 73 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.