IPO Guru
Bajaj
IPO Reviews & Analysis · 26 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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Open now
0
Closing today
2
Allotment today
0
Listing today
Best IPO Now
1 / 3
EAAA India Alternatives logo
EAAA India Alternatives
MAINBOARD Open · closes 28 Oct
GMP
₹35 +2.1%
Subscription
QIB 0.08x
NII 0.08x
Retail 0.02x
GMP trend ▲+₹35
Trading at a grey-market premium Read full review →
Core4 Engineers logo
Core4 Engineers
SME Open · closes 27 Oct
GMP
₹0 +0.0%
Subscription
QIB 0.00x
NII 0.32x
Retail 0.31x
GMP trend ▲+₹0
Subscription data still awaited Read full review →
BLS Polymers logo
BLS Polymers
MAINBOARD Opens 27 Oct
GMP
₹38 +25.3%
Subscription
QIB —
NII —
Retail —
GMP trend ▲+₹13
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
SME WEAK
Core4 Engineers
₹88-93 · Lot 1200
GMP
No GMP
Subscribed
0.24x
QIB
0.00x
NII
0.32x
Retail
0.31x
1 day left View details →
MAINBOARD WEAK
EAAA India Alternatives
₹1585-1665 · Lot 9
GMP
₹35+2.1%
Subscribed
0.05x
QIB
0.08x
NII
0.08x
Retail
0.02x
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 — Paras Healthcare, 26 Oct

Latest IPO news

DRHP filings, openings, final subscription and listing day prices, as they happen.

All IPO news →
Elevate Campuses Anchor Lock-in Ends 28 October: Half of Anchor Shares Free to Trade

Elevate Campuses Anchor Lock-in Ends 28 October: Half of Anchor Shares Free to Trade

Half of the shares bought by 40 anchor investors in the Elevate Campuses IPO become free to trade on 28 October. Here is what unlocks and what stays l...

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
Zetwerk Manufacturing Business MAIN +0.7% → ▲ 5.5%
Sahajanand Medical Technologies MAIN +4.9% → ▲ 7.9%
Bonfiglioli Transmissions MAIN +11.3% → ▲ 0.0%
Tonbo Imaging India MAIN +64.3% → ▲ 65.7%
Shellz India SME +3.9% → ▲ 0.0%
Fusion CX MAIN +4.7% → ▲ 5.5%
Ravita Engineering Services SME +0.9% → ▲ 0.0%
HD Fire Protect MAIN +26.2% → ▲ 23.6%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Nirmal Bang Nirmal Bang 31 Reliable Analyst 72 2 Canara Bank Securities Canara Bank Securities 51 Reliable Analyst 71 3 Ajcon Global Services Ajcon Global Services 21 Reliable Analyst 71 4 ICICI Direct ICICI Direct 35 Reliable Analyst 70 5 Arihant Capital Arihant Capital 27 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.