IPO Guru
IPO Guru
IPO Reviews & Analysis · 29 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.

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Closing today
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Allotment today
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Listing today
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ESDS Software Solution logo
ESDS Software Solution
MAINBOARD Open · closes 1 Sep
GMP
₹360 +83.9%
Subscription
QIB 0.01x
NII 3.51x
Retail 2.69x
GMP trend ▲+₹70
Strong subscription demand across categories Read full review →
Lumino Industries logo
Lumino Industries
MAINBOARD Open · closes 31 Aug
GMP
₹61 +75.0%
Subscription
QIB 0.06x
NII 7.78x
Retail 6.50x
GMP trend ▲+₹43
Strong subscription demand across categories Read full review →
Priority Jewels logo
Priority Jewels
MAINBOARD Open · closes 1 Sep
GMP
₹45 +22.5%
Subscription
QIB 0.44x
NII 1.24x
Retail 3.07x
GMP trend ▲+₹27
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 MODERATE
Lumino Industries
₹78-82 · Lot 182
GMP
₹61+75.0%
Subscribed
4.87x
QIB
0.06x
NII
7.78x
Retail
6.50x
2 days left View details →
SME MODERATE
Kwick Forensic Solutions
₹85-90 · Lot 1600
GMP
₹64+71.1%
Subscribed
19.29x
QIB
0.00x
NII
9.05x
Retail
36.23x
2 days left View details →
MAINBOARD MODERATE
Priority Jewels
₹190-200 · Lot 75
GMP
₹45+22.5%
Subscribed
1.93x
QIB
0.44x
NII
1.24x
Retail
3.07x
3 days left View details →
MAINBOARD MODERATE
ESDS Software Solution
₹408-429 · Lot 34
GMP
₹360+83.9%
Subscribed
2.10x
QIB
0.01x
NII
3.51x
Retail
2.69x
3 days 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 — Annu Projects, 31 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
Tempsens Instruments (India) MAIN +110.0% → ▲ 111.3%
Gaja Alternative Asset Management MAIN +11.6% → ▲ 15.6%
Mopshop Distribution SME +0.7% → ▼ 0.7%
Dhanwel Hybrid Seeds SME +1.0% → ▲ 0.0%
Sunshine Pictures MAIN +13.9% → ▲ 10.0%
Shankesh Jewellers MAIN +3.0% → ▲ 11.1%
Horizon Industrial Parks MAIN +2.5% → ▲ 0.4%
Lalithaa Jewellery Mart MAIN +37.3% → ▲ 31.8%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Nirmal Bang Nirmal Bang 22 Reliable Analyst 75 2 Canara Bank Securities Canara Bank Securities 37 Reliable Analyst 73 3 Arihant Capital Arihant Capital 20 Reliable Analyst 72 4 Aditya Birla Money Aditya Birla Money 13 Reliable Analyst 71 5 Adroit Financial Services Adroit Financial Services 69 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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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.