IPO Guru
IPO Reviews & Analysis · 11 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.

17
Open now
9
Closing today
3
Allotment today
1
Listing today
Best IPO Now
1 / 3
LCC Projects logo
LCC Projects
MAINBOARD Open · closes 11 Sep
GMP
₹55 +37.7%
Subscription
QIB 78.69x
NII 62.90x
Retail 24.58x
GMP trend +₹40
Strong subscription demand across categories Read full review →
Rentomojo logo
Rentomojo
MAINBOARD Open · closes 11 Sep
GMP
₹140 +34.6%
Subscription
QIB 177.29x
NII 67.83x
Retail 15.03x
GMP trend +₹107
Strong subscription demand across categories Read full review →
Steamhouse India logo
Steamhouse India
MAINBOARD Open · closes 11 Sep
GMP
₹22 +28.1%
Subscription
QIB 43.91x
NII 44.23x
Retail 16.24x
GMP trend −₹2
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
Rentomojo
₹384-404 · Lot 37
GMP
₹140+34.6%
Subscribed
72.58x
QIB
177.29x
NII
67.83x
Retail
15.03x
Last day today View details →
MAINBOARD STRONG
Asset Reconstruction Co.(India)
₹132-139 · Lot 107
GMP
₹11+8.3%
Subscribed
19.96x
QIB
52.65x
NII
15.60x
Retail
3.16x
Last day today View details →
MAINBOARD STRONG
Manipal Payment & Identity Solutions
₹322-339 · Lot 44
GMP
₹2+0.6%
Subscribed
1.41x
QIB
1.26x
NII
1.22x
Retail
2.15x
Last day today View details →
MAINBOARD STRONG
Steamhouse India
₹77-81 · Lot 185
GMP
₹22+28.1%
Subscribed
30.14x
QIB
43.91x
NII
44.23x
Retail
16.24x
Last day today 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 — Kanohar Electricals, 11 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
Qualiance International SME +63.8% ▲ 77.1%
Deepa Jewellers MAIN +14.1% ▲ 24.9%
Rays of Belief MAIN +6.3% ▲ 0.0%
Fly-Hi Maritime Travels SME +1.0% ▼ 20.0%
Farm Peace SME +100.0% ▲ 90.0%
Purple Style Labs MAIN -1.7% ▼ 7.0%
Ashutosh Fibre SME +60.9% ▲ 52.2%
Phychem Technologies SME +1.9% ▲ 3.7%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Nirmal Bang Nirmal Bang 25 Reliable Analyst 75 2 Canara Bank Securities Canara Bank Securities 45 Reliable Analyst 75 3 Aditya Birla Money Aditya Birla Money 13 Reliable Analyst 73 4 Arihant Capital Arihant Capital 22 Reliable Analyst 73 5 Anand Rathi Anand Rathi 34 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.