IPO Guru
IPO Guru
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IPO reviews & analysis · 31 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.

In focus
1 / 3
Bombay Coated and Special Steels
MAINBOARDOpen · closes 2 Nov
GMP ₹10+12.2%
Price band
₹78 – 82
Min. investment
₹14,924
Issue size
₹183.06 Cr
Bidding closes in 2 days, 2 Nov Read full review →

Live IPOs today — GMP, price band and subscription

Did GMP get it right?

GMP vs actual listing — last 10 debuts

All listings →
✓ GMP was within 5% of the actual listing gain on 9 of 10
GMP before listing Actual listing gain Above expectation Below expectation
Jio Platforms MAIN
GMP +22.1% Listed +21.4%
As Per Expectation
Paras Healthcare MAIN
GMP +1.9% Listed +3.9%
As Per Expectation
Zetwerk Manufacturing Business MAIN
GMP +0.7% Listed +5.5%
As Per Expectation
Sahajanand Medical Technologies MAIN
GMP +4.9% Listed +7.9%
As Per Expectation
Bonfiglioli Transmissions MAIN
GMP +11.3% Listed 0.0%
Below Expectation
Tonbo Imaging India MAIN
GMP +64.3% Listed +65.7%
As Per Expectation
Shellz India SME
GMP +3.9% Listed 0.0%
As Per Expectation
Fusion CX MAIN
GMP +4.7% Listed +5.5%
As Per Expectation
Ravita Engineering Services SME
GMP +0.9% Listed 0.0%
As Per Expectation
HD Fire Protect MAIN
GMP +26.2% Listed +23.6%
As Per Expectation
Broker & analyst reports

Top-rated analysts

All analysts →
  1. 1 Canara Bank Securities Canara Bank Securities51 reports · Top Performer 51 Top Performer 91
  2. 2 Nirmal Bang Nirmal Bang31 reports · Top Performer 31 Top Performer 88
  3. 3 Adroit Financial Services Adroit Financial Services108 reports · Top Performer 108 Top Performer 87
  4. 4 SBI Securities SBI Securities99 reports · Top Performer 99 Top Performer 85
  5. 5 Mangal Keshav Mangal Keshav93 reports · Top Performer 93 Top Performer 83
As it happens

Latest IPO news

All IPO news →
SEBI IPO Queue: 110 Drafts Waiting, Atomberg, Ratnadeep and Punjab Carbonic Cleared

SEBI IPO Queue: 110 Drafts Waiting, Atomberg, Ratnadeep and Punjab Carbonic Cleared

SEBI's 30 October report lists 110 draft IPO papers in the queue. Three got approval, and the longest wait is 221 days. Full table inside.
Atomberg IPO Gets SEBI Nod: Fresh Issue Up to ₹450 Crore Plus OFS
Ratnadeep Retail IPO Gets SEBI Nod: ₹400 Crore Fresh Issue Plus OFS
Bombay Coated and Special Steels IPO Subscription Status Day 2: Subscribed 3.78 Times
M.K.Sons Fine Jewels IPO Closes 5.09x Subscribed, QIBs at 1.84x
GAIL Gas IPO: GAIL Board Clears Listing of City Gas Arm, Up to 25% Dilution
Indo-MIM Share Price Doubles From IPO Price in 92 Days, Now Up 144%
New to IPOs?

Four things to understand first

What is GMP?

Grey Market Premium — the extra price traders pay before listing. A high GMP hints at listing gains, but it's sentiment, not a promise.

QIB, NII & Retail?

The three bidder groups. Strong QIB (big institutions) demand is the clearest quality signal; Retail is you.

How do I apply?

Apply through your broker or bank with UPI before the close date. You bid in fixed lots — one lot is the minimum.

Checking allotment?

After the allotment date, enter your PAN on the registrar's site (KFintech / MUFG Intime) or BSE / NSE.

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.

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