IPO Guru
IPO Guru
IPO Reviews & Analysis · 20 Aug 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
2
Closing today
3
Allotment today
1
Listing today
Best IPO Now
1 / 3
Tempsens Instruments (India) logo
Tempsens Instruments (India)
MAINBOARD Open · closes 24 Aug
GMP
₹232 +77.3%
Subscription
QIB 0.04x
NII 10.27x
Retail 5.70x
GMP trend ▲+₹192
Strong subscription demand across categories Read full review →
Sunshine Pictures logo
Sunshine Pictures
MAINBOARD Open · closes 20 Aug
GMP
₹79 +21.9%
Subscription
QIB 113.51x
NII 194.07x
Retail 52.17x
GMP trend ▲+₹68
Strong subscription demand across categories Read full review →
Gaja Alternative Asset Management logo
Gaja Alternative Asset Management
MAINBOARD Open · closes 21 Aug
GMP
₹14 +8.8%
Subscription
QIB 0.10x
NII 3.02x
Retail 2.78x
GMP trend ▲+₹5
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 STRONG
Shankesh Jewellers
₹88-93 · Lot 160
GMP
₹1+1.1%
Subscribed
2.50x
QIB
1.15x
NII
5.15x
Retail
2.13x
Last day today View details →
MAINBOARD STRONG
Sunshine Pictures
₹342-360 · Lot 41
GMP
₹79+21.9%
Subscribed
100.10x
QIB
113.51x
NII
194.07x
Retail
52.17x
Last day today View details →
MAINBOARD MODERATE
Gaja Alternative Asset Management
₹152-160 · Lot 93
GMP
₹14+8.8%
Subscribed
2.07x
QIB
0.10x
NII
3.02x
Retail
2.78x
1 day left View details →
SME MODERATE
Dhanwel Hybrid Seeds
₹95-99 · Lot 1200
GMP
₹12+12.1%
Subscribed
0.62x
QIB
0.00x
NII
0.07x
Retail
1.23x
1 day 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 — Lalithaa Jewellery Mart, 20 Aug
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
Credent Connect N Care SME +48.7% → ▲ 90.0%
Behari Lal Engineering MAIN +46.7% → ▲ 63.2%
Shiprocket MAIN +37.1% → ▲ 35.1%
Q&T Foods SME +0.9% → ▲ 0.0%
Pramodini Medicare SME No signal → ▲ 1.7%
Milky Mist Dairy Food MAIN +14.1% → ▲ 17.9%
Molbio Diagnostics MAIN +14.9% → ▲ 21.4%
Dhoot Transmission MAIN +30.1% → ▲ 37.8%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Nirmal Bang Nirmal Bang 20 Reliable Analyst 77 2 Canara Bank Securities Canara Bank Securities 34 Reliable Analyst 73 3 Aditya Birla Money Aditya Birla Money 13 Reliable Analyst 72 4 Adroit Financial Services Adroit Financial Services 61 Reliable Analyst 71 5 Arihant Capital Arihant Capital 19 Reliable Analyst 70
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.