IPO Guru
IPO Reviews & Analysis · 9 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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Allotment today
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HD Fire Protect logo
HD Fire Protect
MAINBOARD Opens 13 Oct
GMP
₹63 +23.2%
Subscription
QIB —
NII —
Retail —
GMP trend ▲+₹63
Trading at a grey-market premium Read full review →
Vaibhav Vyapaar logo
Vaibhav Vyapaar
SME Opens 13 Oct
GMP
₹0 +0.0%
Subscription
QIB —
NII —
Retail —
GMP trend ▲+₹0
Subscription data still awaited Read full review →
Ravita Engineering Services logo
Ravita Engineering Services
SME Opens 13 Oct
GMP
₹0 +0.0%
Subscription
QIB —
NII —
Retail —
GMP trend ▲+₹0
Subscription data still awaited 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
No IPOs are open for bidding right now. Check the calendar for what's coming up.
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 →
Vishal Nirmiti IPO Listing: Shares Open at ₹215 on NSE, -2.27% vs Issue Price

Vishal Nirmiti IPO Listing: Shares Open at ₹215 on NSE, -2.27% vs Issue Price

Vishal Nirmiti IPO listing on 8 October 2026: NSE open ₹215, -2.27% vs issue price ₹220. How it compared with the GMP and subscription.

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
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%
Sollfege Smart Electronics SME +18.2% → ▲ 89.8%
Dove Soft SME No signal → ▼ 0.6%
Omara Ventures India SME No signal → ▲ 2.6%
Shree TNB Polymers SME +7.5% → ▲ 13.2%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Nirmal Bang Nirmal Bang 27 Reliable Analyst 75 2 Canara Bank Securities Canara Bank Securities 48 Reliable Analyst 75 3 Arihant Capital Arihant Capital 24 Reliable Analyst 71 4 Ajcon Global Services Ajcon Global Services 19 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.