IPO Guru
IPO Guru
IPO Reviews & Analysis · 2 Oct 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
Vishal Nirmiti logo
Vishal Nirmiti
MAINBOARD Open · closes 5 Oct
GMP
₹20 +9.1%
Subscription
QIB 0.96x
NII 0.80x
Retail 0.47x
GMP trend ▲+₹20
Trading at a grey-market premium Read full review →
Nityas Gems & Jewellery logo
Nityas Gems & Jewellery
MAINBOARD Open · closes 5 Oct
GMP
₹3 +4.0%
Subscription
QIB 0.38x
NII 0.27x
Retail 1.31x
GMP trend ▲+₹3
Trading at a grey-market premium Read full review →
EverestIMS Technologies logo
EverestIMS Technologies
SME Open · closes 5 Oct
GMP
₹28 +32.9%
Subscription
QIB 0.87x
NII 1.37x
Retail 2.27x
GMP trend ▲+₹28
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
Nityas Gems & Jewellery
₹70-75
GMP
₹3+4.0%
Subscribed
0.69x
QIB
0.38x
NII
0.27x
Retail
1.31x
3 days left View details →
MAINBOARD MODERATE
Vishal Nirmiti
₹208-220
GMP
₹20+9.1%
Subscribed
0.57x
QIB
0.96x
NII
0.80x
Retail
0.47x
3 days left View details →
SME MODERATE
EverestIMS Technologies
₹80-85 · Lot 1600
GMP
₹28+32.9%
Subscribed
1.66x
QIB
0.87x
NII
1.37x
Retail
2.27x
3 days left View details →
SME MODERATE
Shree TNB Polymers
₹47-52 · Lot 2000
GMP
No GMP
Subscribed
0.98x
QIB
0.75x
NII
1.45x
Retail
0.84x
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 — Green Asia Impex, 5 Oct
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
Moneyview MAIN +42.9% → ▲ 61.8%
A-One Steels India MAIN +11.6% → ▲ 12.3%
Roopa Screen SME +65.6% → ▲ 90.0%
Peshwa Wheat SME No signal → ▼ 0.9%
Swastika Infra MAIN +3.8% → ▲ 8.1%
Adroit Industries (India) MAIN +41.0% → ▲ 75.4%
Elevate Campuses MAIN +1.8% → ▼ 1.9%
ArMee Infotech MAIN +1.6% → ▲ 0.0%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Nirmal Bang Nirmal Bang 27 Reliable Analyst 73 2 Arihant Capital Arihant Capital 24 Reliable Analyst 72 3 Ajcon Global Services Ajcon Global Services 19 Reliable Analyst 72 4 Canara Bank Securities Canara Bank Securities 48 Reliable Analyst 71 5 Aditya Birla Money Aditya Birla Money 21 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.