IPO Guru
IPO Reviews & Analysis · 19 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
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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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National Stock Exchange of India logo
National Stock Exchange of India
MAINBOARD Open · closes 21 Sep
GMP
₹84 +4.7%
Subscription
QIB 1.53x
NII 1.68x
Retail 0.72x
GMP trend −₹106
Strong subscription demand across categories Read full review →
Sonaselection India logo
Sonaselection India
MAINBOARD Open · closes 21 Sep
GMP
₹0 +0.0%
Subscription
QIB 0.46x
NII 0.60x
Retail 1.29x
GMP trend −₹5
Subscription data still awaited Read full review →
SpectraA Technology Solutions logo
SpectraA Technology Solutions
SME Open · closes 21 Sep
GMP
₹45 +38.1%
Subscription
QIB 0.02x
NII 14.76x
Retail 31.08x
GMP trend +₹27
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 MODERATE
Sonaselection India
₹94-99 · Lot 150
GMP
No GMP
Subscribed
0.90x
QIB
0.46x
NII
0.60x
Retail
1.29x
2 days left View details →
MAINBOARD STRONG
National Stock Exchange of India
₹1700-1785 · Lot 8
GMP
₹84+4.7%
Subscribed
1.16x
QIB
1.53x
NII
1.68x
Retail
0.72x
2 days left View details →
SME WEAK
Kheria Autocomp
₹96-101 · Lot 1200
GMP
₹7+6.9%
Subscribed
0.45x
QIB
0.23x
NII
0.45x
Retail
0.58x
2 days left View details →
SME MODERATE
SpectraA Technology Solutions
₹112-118 · Lot 1200
GMP
₹45+38.1%
Subscribed
18.43x
QIB
0.02x
NII
14.76x
Retail
31.08x
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 — Jindal Supreme (India), 21 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
Veegaland Developers MAIN +5.7% ▲ 10.0%
Maharaja & Speedex India SME +15.1% ▲ 34.4%
Raksan Transformers SME +4.0% ▲ 0.0%
Om Galaxy SME No signal ▲ 0.2%
Panchatv Bharat SME +2.1% ▼ 7.9%
Karamtara Engineering MAIN +18.9% ▲ 26.0%
LCC Projects MAIN +24.7% ▲ 29.5%
Steamhouse India MAIN +16.7% ▲ 16.7%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Nirmal Bang Nirmal Bang 26 Reliable Analyst 74 2 Canara Bank Securities Canara Bank Securities 46 Reliable Analyst 74 3 Arihant Capital Arihant Capital 22 Reliable Analyst 71 4 Aditya Birla Money Aditya Birla Money 13 Reliable Analyst 70 5 Adroit Financial Services Adroit Financial Services 88 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.