IPO Guru
IPO Guru
IPO Reviews & Analysis · 19 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.

8
Open now
3
Closing today
3
Allotment today
4
Listing today
Best IPO Now
1 / 3
Sunshine Pictures logo
Sunshine Pictures
MAINBOARD Open · closes 20 Aug
GMP
₹78 +21.7%
Subscription
QIB 0.14x
NII 35.59x
Retail 21.59x
GMP trend ▲+₹67
Strong subscription demand across categories Read full review →
Lalithaa Jewellery Mart logo
Lalithaa Jewellery Mart
MAINBOARD Open · closes 19 Aug
GMP
₹41 +20.6%
Subscription
QIB 145.38x
NII 73.89x
Retail 11.81x
GMP trend ▲+₹37
Strong subscription demand across categories Read full review →
Gaja Alternative Asset Management logo
Gaja Alternative Asset Management
MAINBOARD Open · closes 21 Aug
GMP
₹21 +13.1%
Subscription
QIB 0.09x
NII 1.06x
Retail 1.20x
GMP trend ▲+₹12
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
Lalithaa Jewellery Mart
₹190-201 · Lot 74
GMP
₹41+20.6%
Subscribed
62.97x
QIB
145.38x
NII
73.89x
Retail
11.81x
Last day today View details →
MAINBOARD STRONG
Horizon Industrial Parks
₹57-60 · Lot 250
GMP
No GMP
Subscribed
1.45x
QIB
1.85x
NII
0.98x
Retail
0.96x
Last day today View details →
SME WEAK
Fascinate Textiles
₹142-151 · Lot 800
GMP
No GMP
Subscribed
0.00x
QIB
0.00x
NII
0.00x
Retail
0.00x
Last day today View details →
MAINBOARD MODERATE
Shankesh Jewellers
₹88-93 · Lot 160
GMP
₹3+3.8%
Subscribed
0.94x
QIB
0.76x
NII
0.76x
Retail
1.13x
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 — Skytech Infinite Platform, 19 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
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%
LEAP India MAIN +8.2% → ▲ 4.3%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Nirmal Bang Nirmal Bang 19 Reliable Analyst 75 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 60 Reliable Analyst 70 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.