IPO Guru
IPO Reviews & Analysis · 17 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.

10
Open now
3
Closing today
3
Allotment today
9
Listing today
Best IPO Now
1 / 3
SS Retail logo
SS Retail
MAINBOARD Open · closes 18 Sep
GMP
₹124 +29.2%
Subscription
QIB 0.21x
NII 4.51x
Retail 4.89x
GMP trend +₹94
Strong subscription demand across categories Read full review →
Jindal Supreme (India) logo
Jindal Supreme (India)
MAINBOARD Open · closes 18 Sep
GMP
₹27 +29.0%
Subscription
QIB 1.94x
NII 20.01x
Retail 27.50x
GMP trend +₹16
Strong subscription demand across categories Read full review →
National Stock Exchange of India logo
National Stock Exchange of India
MAINBOARD Open · closes 21 Sep
GMP
₹142 +8.0%
Subscription
QIB 0.18x
NII 0.43x
Retail 0.32x
GMP trend −₹48
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
SME WEAK
Quanto Agroworld
₹67 · Lot 2000
GMP
₹2+3.0%
Subscribed
0.34x
QIB
0.00x
NII
0.31x
Retail
0.37x
Last day today View details →
SME MODERATE
Shakti Polytarp
₹56-59 · Lot 2000
GMP
No GMP
Subscribed
1.08x
QIB
0.45x
NII
1.74x
Retail
0.65x
Last day today View details →
SME STRONG
Vama Wovenfab
₹324-341 · Lot 400
GMP
₹3+0.9%
Subscribed
1.96x
QIB
1.00x
NII
1.76x
Retail
2.04x
Last day today View details →
MAINBOARD STRONG
Jindal Supreme (India)
₹88-93 · Lot 161
GMP
₹27+29.0%
Subscribed
18.59x
QIB
1.94x
NII
20.01x
Retail
27.50x
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 — Manika Plastech, 17 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
Karamtara Engineering MAIN +18.9% ▲ 26.0%
LCC Projects MAIN +24.7% ▲ 29.5%
Steamhouse India MAIN +16.7% ▲ 16.7%
Manipal Payment & Identity Solutions MAIN -1.8% ▼ 2.7%
Asset Reconstruction Co.(India) MAIN +8.6% ▲ 0.0%
Rentomojo MAIN +21.3% ▲ 19.4%
Infrax Renewable SME No signal ▲ 0.0%
Vinod Texworld SME +1.1% ▲ 0.0%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Nirmal Bang Nirmal Bang 26 Reliable Analyst 74 2 Canara Bank Securities Canara Bank Securities 45 Reliable Analyst 74 3 Arihant Capital Arihant Capital 22 Reliable Analyst 73 4 Aditya Birla Money Aditya Birla Money 13 Reliable Analyst 69 5 Adroit Financial Services Adroit Financial Services 87 Reliable Analyst 68
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.