IPO Guru
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IPO reviews & analysis · 15 Nov 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.

In focus
1 / 3
Crystal Crop Protection
MAINBOARDOpens 18 Nov
GMP ₹27+9.9%
Price band
₹259 – 272
Min. investment
₹14,960
Issue size
₹455.49 Cr
Bidding opens Wed, 18 Nov – closes 20 Nov Read full review →

Live IPOs today — GMP, price band and subscription

Did GMP get it right?

GMP vs actual listing — last 10 debuts

All listings →
✓ GMP was within 5% of the actual listing gain on 5 of 10
GMP before listing Actual listing gain Above expectation Below expectation
Antala Industries SME
GMP 0.0% Listed −20.0%
Below Expectation
Vedant Poly Fabs SME
GMP +1.1% Listed 0.0%
As Per Expectation
Johnsoncab Electricals SME
GMP +4.0% Listed +19.3%
Above Expectation
HGS (India) SME
GMP +22.5% Listed +33.3%
Above Expectation
Maxwell Engineering Solutions SME
GMP +66.5% Listed +90.0%
Above Expectation
Vectras Enprocon SME
GMP 0.0% Listed +1.0%
As Per Expectation
Bombay Coated and Special Steels MAIN
GMP +9.8% Listed +11.0%
As Per Expectation
M.K.Sons Fine Jewels MAIN
GMP +6.2% Listed +5.6%
As Per Expectation
Ajwa Projects SME
GMP +0.5% Listed 0.0%
As Per Expectation
Carver Roboweld SME
GMP +5.0% Listed +12.5%
Above Expectation
Broker & analyst reports

Top-rated analysts

All analysts →
  1. 1 Canara Bank Securities Canara Bank Securities51 reports · Top Performer 51 Top Performer 89
  2. 2 Nirmal Bang Nirmal Bang31 reports · Top Performer 31 Top Performer 85
  3. 3 Angel One Angel One59 reports · Top Performer 59 Top Performer 82
  4. 4 SBI Securities SBI Securities99 reports · Top Performer 99 Top Performer 81
  5. 5 Adroit Financial Services Adroit Financial Services108 reports · Top Performer 108 Top Performer 80
As it happens

Latest IPO news

All IPO news →
Mahanadi Coalfields IPO: RHP Filed, Coal India to Sell Up to 66.18 Crore Shares

Mahanadi Coalfields IPO: RHP Filed, Coal India to Sell Up to 66.18 Crore Shares

Coal India has filed the RHP for the Mahanadi Coalfields IPO, an offer for sale of up to 66.18 crore shares. Price band and dates are still awaited.
IPO Filings This Week: 4 Draft Papers, 9 SEBI Approvals, Razorpay Among Them
Sembcorp Green Infra IPO Gets SEBI Nod: ₹3,750 Crore, Entirely a Fresh Issue
Carlsberg India IPO Eyed for January, Investor Meetings Could Start Next Week: Report
Crystal Crop Protection IPO Opens 18 November at ₹259–272 a Share
Shiprocket Anchor Lock-in Ends 15 November, With the Stock Above Anchor Price
Sunshine Pictures IPO Proceeds: Monitoring Agency Flags ₹1.44 Crore Deviation
New to IPOs?

Four things to understand first

What is GMP?

Grey Market Premium — the extra price traders pay before listing. A high GMP hints at listing gains, but it's sentiment, not a promise.

QIB, NII & Retail?

The three bidder groups. Strong QIB (big institutions) demand is the clearest quality signal; Retail is you.

How do I apply?

Apply through your broker or bank with UPI before the close date. You bid in fixed lots — one lot is the minimum.

Checking allotment?

After the allotment date, enter your PAN on the registrar's site (KFintech / MUFG Intime) or BSE / NSE.

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.

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