IPO Guru
IPO Guru
IPO Reviews & Analysis · 9 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
2
Closing today
1
Allotment today
0
Listing today
Best IPO Now
1 / 3
Kanohar Electricals logo
Kanohar Electricals
MAINBOARD Open · closes 10 Sep
GMP
₹222 +35.1%
Subscription
QIB 1.05x
NII 16.29x
Retail 7.67x
GMP trend ▲+₹190
Strong subscription demand across categories Read full review →
Rentomojo logo
Rentomojo
MAINBOARD Open · closes 11 Sep
GMP
₹135 +33.4%
Subscription
QIB 0.41x
NII 1.53x
Retail 1.20x
GMP trend ▲+₹102
Strong subscription demand across categories Read full review →
Pranav Constructions logo
Pranav Constructions
MAINBOARD Open · closes 9 Sep
GMP
₹40 +32.3%
Subscription
QIB 205.25x
NII 199.62x
Retail 38.78x
GMP trend ▲+₹18
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 STRONG
Pranav Constructions
₹118-124 · Lot 120
GMP
₹40+32.3%
Subscribed
105.42x
QIB
205.25x
NII
199.62x
Retail
38.78x
Last day today View details →
SME MODERATE
Apana Logistics
₹60 · Lot 2000
GMP
₹2+3.3%
Subscribed
1.16x
QIB
0.00x
NII
0.33x
Retail
2.07x
Last day today View details →
MAINBOARD STRONG
Kanohar Electricals
₹601-632 · Lot 23
GMP
₹222+35.1%
Subscribed
7.62x
QIB
1.05x
NII
16.29x
Retail
7.67x
1 day left View details →
MAINBOARD MODERATE
Prasol Chemicals
₹643-676 · Lot 22
GMP
₹5+0.7%
Subscribed
0.66x
QIB
0.05x
NII
0.57x
Retail
1.04x
1 day 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 — Qualiance International, 9 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 24 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.