IPO Guru
IPO Guru
IPO Reviews & Analysis · 1 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.

10
Open now
3
Closing today
1
Allotment today
5
Listing today
Hottest IPOs this week
1 / 3
IC Electricals Company logo
IC Electricals Company
SME Opens 3 Jul
GMP
₹40 +40.4%
Subscription
QIB 0.00x
NII 0.00x
Retail 0.00x
GMP trend ▲+₹40
Trading at a grey-market premium Read full review →
Kratikal Tech logo
Kratikal Tech
SME Open · closes 2 Jul
GMP
₹40 +29.6%
Subscription
QIB 5.09x
NII 14.44x
Retail 22.96x
GMP trend ▲+₹40
Strong subscription demand across categories Read full review →
Vinit Mobile logo
Vinit Mobile
SME Open · closes 2 Jul
GMP
₹30 +19.0%
Subscription
QIB 1.00x
NII 0.42x
Retail 0.51x
GMP trend ▲+₹30
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
Aastha Spintex
₹125-136 · Lot 110
GMP
₹3+2.2%
Subscribed
4.64x
QIB
3.30x
NII
7.62x
Retail
2.33x
Last day today View details →
SME WEAK
Twinkle Papers
₹64-69 · Lot 2000
GMP
No GMP
Subscribed
0.27x
QIB
2.09x
NII
0.12x
Retail
0.26x
Last day today View details →
SME STRONG
Adon Agro Commodities
₹66-70 · Lot 2000
GMP
No GMP
Subscribed
1.34x
QIB
22.47x
NII
1.37x
Retail
0.84x
Last day today View details →
SME STRONG
Atharva Polyplast
₹55-60 · Lot 2000
GMP
₹6+10.0%
Subscribed
2.24x
QIB
1.18x
NII
2.26x
Retail
2.84x
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 — Crazy Snacks, 1 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
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%
Hexagon Nutrition MAIN +6.1% → ▲ 7.2%

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.