IPO Guru
IPO Guru
IPO Reviews & Analysis · 16 Jul 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
3
Closing today
0
Allotment today
3
Listing today
Hottest IPOs this week
1 / 3
Millworks Technologies logo
Millworks Technologies
SME Open · closes 16 Jul
GMP
₹400 +120.8%
Subscription
QIB 0.22x
NII 42.07x
Retail 71.73x
GMP trend ▲+₹120
Strong subscription demand across categories Read full review →
Devson Catalyst logo
Devson Catalyst
SME Closed · lists 16 Jul
GMP
₹49 +41.5%
Subscription
QIB 168.56x
NII 192.74x
Retail 244.03x
GMP trend ▲+₹49
Strong subscription demand across categories Read full review →
Caliber Mining & Logistics logo
Caliber Mining & Logistics
MAINBOARD Opens 17 Jul
GMP
₹102 +24.1%
Subscription
QIB —
NII —
Retail —
GMP trend ▲+₹102
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 STRONG
SBI Funds Management
₹545-574 · Lot 26
GMP
₹92+16.0%
Subscribed
2.77x
QIB
1.50x
NII
6.58x
Retail
1.61x
Last day today View details →
MAINBOARD MODERATE
Alpine Texworld
₹100-105 · Lot 142
GMP
₹5+4.8%
Subscribed
0.80x
QIB
1.00x
NII
0.65x
Retail
0.86x
Last day today View details →
SME MODERATE
Millworks Technologies
₹315-331 · Lot 400
GMP
₹400+120.8%
Subscribed
44.60x
QIB
0.22x
NII
42.07x
Retail
71.73x
Last day today View details →
SME WATCH
Sotefin Bharat
₹178-187 · Lot 600
GMP
₹27+14.4%
Subscribed
—
QIB
—
NII
—
Retail
—
4 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 — SBI Funds Management, 17 Jul
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
Aastha Spintex MAIN +3.7% → —
Advit Jewels MAIN +35.9% → ▲ 36.9%
Jivial Industries SME No signal → ▼ 20.0%
Riyaasat Lifestyle SME No signal → ▼ 20.0%
Avience Biomedicals SME +69.7% → ▲ 90.0%
Liotech Industries SME No signal → ▼ 19.9%
Leapfrog Engineering Services SME No signal → ▼ 4.3%
Horizon Reclaim (India) SME +72.8% → ▲ 46.6%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
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.