IPO Guru
IPO Reviews & Analysis · 18 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.

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Open now
3
Closing today
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Allotment today
5
Listing today
Best IPO Now
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Jindal Supreme (India) logo
Jindal Supreme (India)
MAINBOARD Open · closes 18 Sep
GMP
₹32 +34.4%
Subscription
QIB 17.89x
NII 199.26x
Retail 101.12x
GMP trend +₹21
Strong subscription demand across categories Read full review →
SS Retail logo
SS Retail
MAINBOARD Open · closes 18 Sep
GMP
₹142 +33.5%
Subscription
QIB 20.22x
NII 74.66x
Retail 22.56x
GMP trend +₹112
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
₹105 +5.9%
Subscription
QIB 1.25x
NII 1.25x
Retail 0.62x
GMP trend −₹85
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
Jindal Supreme (India)
₹88-93 · Lot 161
GMP
₹32+34.4%
Subscribed
98.37x
QIB
17.89x
NII
199.26x
Retail
101.12x
Last day today View details →
MAINBOARD STRONG
SS Retail
₹403-424 · Lot 35
GMP
₹142+33.5%
Subscribed
31.93x
QIB
20.22x
NII
74.66x
Retail
22.56x
Last day today View details →
MAINBOARD MODERATE
Hero Motors
₹79-84 · Lot 178
GMP
₹3+3.6%
Subscribed
5.32x
QIB
0.57x
NII
7.31x
Retail
7.17x
Last day today View details →
MAINBOARD MODERATE
Sonaselection India
₹94-99 · Lot 150
GMP
₹2+2.0%
Subscribed
0.65x
QIB
0.11x
NII
0.32x
Retail
1.11x
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 — Quanto Agroworld, 18 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
Veegaland Developers MAIN +5.7% ▲ 10.0%
Maharaja & Speedex India SME +15.1% ▲ 34.4%
Raksan Transformers SME +4.0% ▲ 0.0%
Panchatv Bharat SME +2.1% ▼ 7.9%
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%

Broker & analyst reports

Independent verdicts from India's trusted research desks.

All analysts →
#AnalystReportsRatingScore
1 Canara Bank Securities Canara Bank Securities 46 Reliable Analyst 74 2 Nirmal Bang Nirmal Bang 26 Reliable Analyst 73 3 Arihant Capital Arihant Capital 22 Reliable Analyst 72 4 Aditya Birla Money Aditya Birla Money 13 Reliable Analyst 69 5 Adroit Financial Services Adroit Financial Services 88 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.