IPO Guru
IPO Guru
IPO Reviews & Analysis · 1 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.

14
Open now
3
Closing today
5
Allotment today
5
Listing today
Best IPO Now
1 / 3
Nityas Gems & Jewellery logo
Nityas Gems & Jewellery
MAINBOARD Open · closes 5 Oct
GMP
₹5 +6.7%
Subscription
QIB 0.00x
NII 0.11x
Retail 0.52x
GMP trend ▲+₹5
Trading at a grey-market premium Read full review →
Vishal Nirmiti logo
Vishal Nirmiti
MAINBOARD Open · closes 5 Oct
GMP
₹10 +4.5%
Subscription
QIB 0.96x
NII 0.01x
Retail 0.06x
GMP trend ▲+₹10
Trading at a grey-market premium Read full review →
Vans Electroengineerings logo
Vans Electroengineerings
SME Open · closes 1 Oct
GMP
₹85 +72.0%
Subscription
QIB 0.03x
NII 52.99x
Retail 101.83x
GMP trend ▲+₹85
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
SME MODERATE
Black Opal Consultants
₹185-197 · Lot 600
GMP
₹48+24.4%
Subscribed
1.23x
QIB
0.76x
NII
1.02x
Retail
1.61x
Last day today View details →
SME WEAK
Papadmalji Agro Foods
₹69-72 · Lot 1600
GMP
No GMP
Subscribed
0.00x
QIB
0.00x
NII
0.00x
Retail
0.00x
Last day today View details →
SME MODERATE
Vans Electroengineerings
₹112-118 · Lot 1200
GMP
₹85+72.0%
Subscribed
60.19x
QIB
0.03x
NII
52.99x
Retail
101.83x
Last day today View details →
MAINBOARD WEAK
Nityas Gems & Jewellery
₹70-75
GMP
₹5+6.7%
Subscribed
0.20x
QIB
0.00x
NII
0.11x
Retail
0.52x
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 — Shah Investor's Home, 1 Oct
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
Swastika Infra MAIN +3.8% → ▲ 8.1%
Adroit Industries (India) MAIN +41.0% → ▲ 75.4%
Elevate Campuses MAIN +1.8% → ▼ 1.9%
ArMee Infotech MAIN +1.6% → ▲ 0.0%
Coreintegra Consulting Services SME No signal → ▲ 0.1%
Pooja Logistics SME No signal → ▲ 2.6%
Unitec Fibres SME No signal → ▲ 2.3%
Liqvd Digital India SME No signal → ▼ 0.5%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Nirmal Bang Nirmal Bang 27 Reliable Analyst 74 2 Canara Bank Securities Canara Bank Securities 48 Reliable Analyst 73 3 Arihant Capital Arihant Capital 24 Reliable Analyst 71 4 Aditya Birla Money Aditya Birla Money 21 Reliable Analyst 70 5 Ajcon Global Services Ajcon Global Services 17 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.