IPO Guru
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IPO reviews & analysis · 27 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
BLS Polymers
MAINBOARDOpen · closes 29 Oct
GMP ₹39+26.0%
Price band
₹142 – 150
Min. investment
₹15,000
Issue size
₹255 Cr
Bidding closes in 2 days, 29 Oct 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 8 of 10
GMP before listing Actual listing gain Above expectation Below 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
Vaibhav Vyapaar SME
GMP +5.6% Listed −2.0%
Below Expectation
R.K.Fashion Accessories SME
GMP +1.8% Listed −2.4%
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 92
  2. 2 Adroit Financial Services Adroit Financial Services108 reports · Top Performer 108 Top Performer 86
  3. 3 Nirmal Bang Nirmal Bang31 reports · Top Performer 31 Top Performer 86
  4. 4 SBI Securities SBI Securities98 reports · Top Performer 98 Top Performer 83
  5. 5 ICICI Direct ICICI Direct35 reports · Reliable Analyst 35 Reliable Analyst 82
As it happens

Latest IPO news

All IPO news →
Sembcorp Green Infra IPO Could Launch in December, Says Report: Up to ₹3,750 Crore

Sembcorp Green Infra IPO Could Launch in December, Says Report: Up to ₹3,750 Crore

Sembcorp Green Infra is meeting investors for an IPO of up to ₹3,750 crore that could open as early as December, as per a Bloomberg report.
Coca-Cola's India Bottler Likely to File IPO Papers on 29 October, Says Report
Imarticus IPO Planned at ₹1,000 Crore, With a Confidential DRHP Filing Due, Says Report
Elevate Campuses Anchor Lock-in Ends 28 October: Half of Anchor Shares Free to Trade
Paras Healthcare IPO Allotment Status: Due 26 October, Listing on 28 October
Jio Platforms IPO Listing on 28 October: Grey Market Premium Is ₹247
M.K.Sons Fine Jewels IPO Opens 28 October With a ₹330.48 Crore Issue at ₹153–162
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.