IPO Guru
IPO Reviews & Analysis · 13 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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Closing today
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Allotment today
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Listing today
Best IPO Now
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HD Fire Protect logo
HD Fire Protect
MAINBOARD Open · closes 15 Oct
GMP
₹86 +31.7%
Subscription
QIB —
NII —
Retail —
GMP trend ▲+₹86
Trading at a grey-market premium Read full review →
Vaibhav Vyapaar logo
Vaibhav Vyapaar
SME Open · closes 15 Oct
GMP
₹0 +0.0%
Subscription
QIB —
NII —
Retail —
GMP trend ▲+₹0
Subscription data still awaited Read full review →
Tonbo Imaging India logo
Tonbo Imaging India
MAINBOARD Opens 15 Oct
GMP
₹425 +60.7%
Subscription
QIB —
NII —
Retail —
GMP trend ▲+₹300
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 WATCH
HD Fire Protect
₹258-271 · Lot 55
GMP
₹86+31.7%
Subscribed
—
QIB
—
NII
—
Retail
—
2 days left View details →
SME WATCH
Vaibhav Vyapaar
₹51-54 · Lot 2000
GMP
No GMP
Subscribed
—
QIB
—
NII
—
Retail
—
2 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 — HD Fire Protect, 16 Oct

Latest IPO news

DRHP filings, openings, final subscription and listing day prices, as they happen.

All IPO news →
Indian Gas Exchange IPO Gets SEBI Nod: IEX to Sell 1.67 Crore Shares

Indian Gas Exchange IPO Gets SEBI Nod: IEX to Sell 1.67 Crore Shares

SEBI cleared the Indian Gas Exchange IPO on 12 October, a pure offer for sale of 1.67 crore shares by IEX. Financials and unlisted price, explained.

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
R.K.Fashion Accessories SME +1.8% → ▼ 2.4%
TNA Solutions SME No signal → ▼ 20.0%
Acme India Industries SME +21.9% → ▲ 12.8%
Paramount Syntex SME No signal → ▼ 9.4%
Vishal Nirmiti MAIN +0.9% → ▼ 2.3%
Nityas Gems & Jewellery MAIN +1.3% → ▲ 6.7%
Eventions SME No signal → ▼ 5.9%
SJP Ultrasonics SME No signal → ▲ 10.7%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Nirmal Bang Nirmal Bang 27 Reliable Analyst 77 2 Canara Bank Securities Canara Bank Securities 48 Reliable Analyst 75 3 Ajcon Global Services Ajcon Global Services 19 Reliable Analyst 74 4 Angel One Angel One 50 Reliable Analyst 73 5 ICICI Direct ICICI Direct 31 Reliable Analyst 72
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.