IPO Guru
IPO Reviews & Analysis · 22 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.

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Open now
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Closing today
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Allotment today
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Listing today
Best IPO Now
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Jio Platforms logo
Jio Platforms
MAINBOARD Open · closes 23 Oct
GMP
₹246 +22.0%
Subscription
QIB 9.42x
NII 1.68x
Retail 0.73x
GMP trend ▲+₹82
Strong subscription demand across categories Read full review →
Paras Healthcare logo
Paras Healthcare
MAINBOARD Open · closes 23 Oct
GMP
₹25 +3.6%
Subscription
QIB 0.00x
NII 0.08x
Retail 0.69x
GMP trend ▼−₹58
Trading at a grey-market premium Read full review →
BLS Polymers logo
BLS Polymers
MAINBOARD Opens 27 Oct
GMP
₹30 +20.0%
Subscription
QIB —
NII —
Retail —
GMP trend ▲+₹5
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 WEAK
Paras Healthcare
₹660-693 · Lot 21
GMP
₹25+3.6%
Subscribed
0.15x
QIB
0.00x
NII
0.08x
Retail
0.69x
1 day left View details →
MAINBOARD STRONG
Jio Platforms
₹1065-1119 · Lot 12
GMP
₹246+22.0%
Subscribed
3.16x
QIB
9.42x
NII
1.68x
Retail
0.73x
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 — Paras Healthcare, 26 Oct

Latest IPO news

DRHP filings, openings, final subscription and listing day prices, as they happen.

All IPO news →
IPO Demand Cools in October: Median Subscription 9.33x Against 71.26x in August

IPO Demand Cools in October: Median Subscription 9.33x Against 71.26x in August

The median 2026 IPO was subscribed 9.33x in October so far, down from 71.26x in August. Month-wise QIB, NII and retail demand from our records.

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
HD Fire Protect MAIN +26.2% → ▲ 23.6%
Vaibhav Vyapaar SME +5.6% → ▼ 2.0%
R.K.Fashion Accessories SME +1.8% → ▼ 2.4%
TNA Solutions SME No signal → ▼ 20.0%
Acme India Industries SME +21.9% → ▲ 12.8%
Paramount Syntex SME No signal → ▼ 9.4%
Vishal Nirmiti MAIN +0.9% → ▼ 2.3%
Nityas Gems & Jewellery MAIN +1.3% → ▲ 6.7%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Nirmal Bang Nirmal Bang 31 Reliable Analyst 74 2 Canara Bank Securities Canara Bank Securities 51 Reliable Analyst 73 3 Ajcon Global Services Ajcon Global Services 21 Reliable Analyst 73 4 ICICI Direct ICICI Direct 34 Reliable Analyst 72 5 Angel One Angel One 56 Reliable Analyst 71
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.