IPO Guru
IPO Guru
IPO Reviews & Analysis · 27 Aug 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.

9
Open now
5
Closing today
1
Allotment today
0
Listing today
Best IPO Now
1 / 3
Hy-Tech Engineers logo
Hy-Tech Engineers
MAINBOARD Open · closes 27 Aug
GMP
₹44 +83.0%
Subscription
QIB 0.85x
NII 82.07x
Retail 64.54x
GMP trend ▲+₹39
Strong subscription demand across categories Read full review →
Lumino Industries logo
Lumino Industries
MAINBOARD Open · closes 31 Aug
GMP
₹50 +61.0%
Subscription
QIB —
NII —
Retail —
GMP trend ▲+₹32
Trading at a grey-market premium Read full review →
Skyways Air Services logo
Skyways Air Services
MAINBOARD Open · closes 27 Aug
GMP
₹42 +30.4%
Subscription
QIB 0.49x
NII 6.90x
Retail 6.91x
GMP trend ▲+₹42
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
Skyways Air Services
₹131-138 · Lot 100
GMP
₹42+30.4%
Subscribed
5.08x
QIB
0.49x
NII
6.90x
Retail
6.91x
Last day today View details →
MAINBOARD MODERATE
Symbiotec Pharmalab
₹938-988 · Lot 15
GMP
₹285+28.9%
Subscribed
5.30x
QIB
0.59x
NII
12.18x
Retail
5.05x
Last day today View details →
MAINBOARD MODERATE
Hy-Tech Engineers
₹50-53 · Lot 283
GMP
₹44+83.0%
Subscribed
50.80x
QIB
0.85x
NII
82.07x
Retail
64.54x
Last day today View details →
SME MODERATE
ABH Healthcare
₹96-102 · Lot 1200
GMP
No GMP
Subscribed
0.99x
QIB
8.37x
NII
0.17x
Retail
0.95x
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 — ABH Healthcare, 27 Aug
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
Gaja Alternative Asset Management MAIN +11.6% → ▲ 15.6%
Mopshop Distribution SME +0.7% → ▼ 0.7%
Dhanwel Hybrid Seeds SME +1.0% → ▲ 0.0%
Sunshine Pictures MAIN +13.9% → ▲ 10.0%
Shankesh Jewellers MAIN +3.0% → ▲ 11.1%
Horizon Industrial Parks MAIN +2.5% → ▲ 0.4%
Lalithaa Jewellery Mart MAIN +37.3% → ▲ 31.8%
Fascinate Textiles SME No signal → ▼ 20.0%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Nirmal Bang Nirmal Bang 22 Reliable Analyst 75 2 Aditya Birla Money Aditya Birla Money 13 Reliable Analyst 72 3 Canara Bank Securities Canara Bank Securities 37 Reliable Analyst 72 4 Arihant Capital Arihant Capital 20 Reliable Analyst 70 5 Adroit Financial Services Adroit Financial Services 67 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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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.