Indian IPOs

Every IPO decoded — sourced, honest, in plain English.

Updated 2026-08-21 (IST)

Free daily IPO digest. One clear email per IPO — the analysis, the GMP reality-check and the dates. Subscribe →
Grey-market premium (GMP) is unregulated.

Every GMP figure is a self-reported grey-market estimate — no exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer →

How reliable is GMP? The honest base rate, from the IPOs we tracked to listing.

For context, of the last 92 IPOs we tracked to listing, 62 (67%) opened above their issue price, at a median of +7%. A base rate, not a promise, and not what any single GMP is guaranteeing.

And across the 14 we tracked from GMP to listing, grey-market premium understated it by a median of 8 pp, and pointed the right way 100% of the time.

Open now

Accepting bids today.
SME BSE Book Building Closes today
GMPTBD
Issue size
Price band₹95–₹99
Dates19–21 Aug
Min invest₹2,37,600
Allotment 24 Aug · exp
Refund 25 Aug · exp
Listing 26 Aug · exp
Subscriptionvia aggregator
QIB1.00×
HNI0.35×
RET3.08×
Total1.71×
View momentum
Momentum ▲ Rising +1.69× today · 45 polls
DRHP
IPO analysis
Mainboard NSE Closes today
GMP+10.0%
Issue size₹405 Cr
Price band₹152–₹160
Dates19–21 Aug
Min invest₹14,880
Allotment 24 Aug · exp
Refund 25 Aug · exp
Listing 26 Aug · exp
Subscriptionexchange
QIB43.58×
HNI62.35×
RET11.04×
Total31.33×
View momentum
Momentum ▲ Rising +32.82× today · 135 polls
IPO analysis
SME BSE Fixed Price Closes today
GMPTBD
Issue size
Price band₹138
Dates19–21 Aug
Min invest₹2,76,000
Allotment 24 Aug · exp
Refund 25 Aug · exp
Listing 26 Aug · exp
Subscriptionvia aggregator
QIB
HNI0.38×
RET2.91×
Total1.64×
View momentum
Momentum ▲ Rising +1.51× today · 45 polls
IPO analysis
Mainboard NSE 3 days left
GMP+88.3%
Issue size₹455 Cr
Price band₹285–₹300
Dates20–24 Aug
Min invest₹15,000
Allotment 25 Aug · exp
Refund 26 Aug · exp
Listing 27 Aug · exp
Subscriptionexchange
QIB3.31×
HNI52.97×
RET18.65×
Total21.65×
View momentum
Momentum ▲ Rising +20.34× today · 87 polls
IPO analysis
Mainboard NSE 4 days left
GMP+35.5%
Issue size₹608 Cr
Price band₹750–₹788
Dates21–25 Aug
Min invest₹14,972
Allotment 26 Aug · exp
Refund 27 Aug · exp
Listing 28 Aug · exp
SubscriptionexchangeFresh 78% · OFS 23%
QIB1.76×
HNI3.97×
RET2.79×
Total2.74×
View momentum
Momentum ▲ Rising +2.38× today · 42 polls
DRHP
IPO analysis

Upcoming

Announced, not yet open.
SME NSE via aggregator Opens in 3 days
GMPTBD
Issue size
Price band₹96–₹102
Dates24–26 Aug
Min invest₹2,44,800
Allotment 27 Aug · exp
Refund 28 Aug · exp
Listing 31 Aug · exp
Subscription

Bidding not started

No momentum data yetDRHP
IPO analysis
Mainboard NSE via aggregator Opens in 3 days
GMP+26.4%
Issue size₹60 Cr
Price band₹50–₹53
Dates24–27 Aug
Min invest₹14,999
Allotment 28 Aug · exp
Refund 31 Aug · exp
Listing 1 Sep · exp
Subscription

Bidding not started

No momentum data yetDRHP
IPO analysis
SME NSE via aggregator Opens in 3 days
GMPTBD
Issue size
Price band₹95–₹100
Dates24–27 Aug
Min invest₹2,40,000
Allotment 28 Aug · exp
Refund 31 Aug · exp
Listing 1 Sep · exp
Subscription

Bidding not started

No momentum data yet
IPO analysis
Mainboard NSE via aggregator Opens in 3 days
GMP+26.8%
Issue size
Price band₹131–₹138
Dates24–27 Aug
Min invest₹13,800
Allotment 28 Aug · exp
Refund 31 Aug · exp
Listing 1 Sep · exp
Subscription

Bidding not started

No momentum data yetDRHP
IPO analysis
Mainboard NSE via aggregator Opens in 3 days
GMP+31.4%
Issue size₹1,757 Cr
Price band₹938–₹988
Dates24–27 Aug
Min invest₹14,820
Allotment 28 Aug · exp
Refund 31 Aug · exp
Listing 1 Sep · exp
Subscription

Bidding not started

No momentum data yetDRHP
IPO analysis
Mainboard NSE via aggregator Opens in 4 days
GMP+2.0%
Issue size
Price band₹94–₹99
Dates25–28 Aug
Min invest₹14,949
Allotment 31 Aug · exp
Refund 1 Sep · exp
Listing 2 Sep · exp
Subscription

Bidding not started

No momentum data yetDRHP
IPO analysis
SME NSE via aggregator Opens in 4 days
GMP+17.8%
Issue size
Price band₹95–₹101
Dates25–28 Aug
Min invest₹2,42,400
Allotment 31 Aug · exp
Refund 1 Sep · exp
Listing 2 Sep · exp
Subscription

Bidding not started

No momentum data yetDRHP
IPO analysis
Mainboard NSE via aggregator Opens in 6 days
GMP+46.3%
Issue size
Price band₹78–₹82
Dates27–31 Aug
Min invest₹14,924
Allotment 1 Sep · exp
Refund 2 Sep · exp
Listing 3 Sep · exp
Subscription

Bidding not started

No momentum data yet
IPO analysis
Mainboard NSE via aggregator Opens in 11 days
GMPTBD
Issue size
Price bandTBA
Dates1–3 Sep
Allotment 4 Sep · exp
Refund 7 Sep · exp
Listing 8 Sep · exp
Subscription

Bidding not started

No momentum data yet
IPO analysis

Recently closed

Last month, newest first.
Mainboard NSE Closed 20 Aug 2026
GMPTBD
Issue size₹257 Cr
Price band₹88–₹93
Dates18–20 Aug
Min invest₹14,880
Allotment 21 Aug
Refund 24 Aug · exp
Listing 25 Aug · exp
Subscriptionexchange
QIB1.32×
HNI5.68×
RET2.42×
Total2.80×
No momentum data yetDRHP
IPO analysis
Mainboard NSE Closed 20 Aug 2026
GMPTBD
Issue size₹197 Cr
Price band₹342–₹360
Dates18–20 Aug
Min invest₹14,760
Allotment 21 Aug
Refund 24 Aug · exp
Listing 25 Aug · exp
Subscriptionexchange
QIB124×
HNI197×
RET56.60×
Total105.81×
No momentum data yetDRHP
IPO analysis
SME NSE Closed 19 Aug 2026
GMPTBD
Issue size
Price band₹142–₹151
Dates11–19 Aug
Min invest₹2,49,600
Allotment 20 Aug
Refund 21 Aug
Listing 24 Aug · exp
Subscription

Not published yet

No momentum data yetDRHP
IPO analysis
Mainboard NSE Closed 19 Aug 2026
GMPTBD
Issue size₹1,508 Cr
Price band₹57–₹60
Dates17–19 Aug
Min invest₹15,000
Allotment 20 Aug
Refund 21 Aug
Listing 24 Aug · exp
Subscriptionexchange2d old
QIB1.85×
HNI0.98×
RET0.96×
Total1.45×
No momentum data yet
IPO analysis
Mainboard NSE Closed 19 Aug 2026
GMPTBD
Issue size₹1,262 Cr
Price band₹190–₹201
Dates17–19 Aug
Min invest₹14,874
Allotment 20 Aug
Refund 21 Aug
Listing 24 Aug · exp
Subscriptionexchange2d oldFresh 71% · OFS 29%
QIB145×
HNI73.90×
RET11.81×
Total62.97×
No momentum data yetDRHP
IPO analysis
SME BSE Book Building Closed 18 Aug 2026
Listed+4.3%
Issue size
Price band₹87–₹92
Dates14–18 Aug
Min invest₹2,20,800
Allotment 19 Aug
Refund 20 Aug
Listing 21 Aug
Subscriptionvia aggregator
QIB9.44×
HNI23.24×
RET11.02×
Total13.19×
No momentum data yet
IPO analysis
SME BSE Book Building Closed 18 Aug 2026
Listed+74.2%
Issue size
Price band₹125–₹132
Dates14–18 Aug
Min invest₹2,64,000
Allotment 19 Aug
Refund 20 Aug
Listing 21 Aug
Subscriptionvia aggregator
QIB170×
HNI312×
RET176×
Total203.44×
No momentum data yetDRHP
IPO analysis
SME NSE Closed 17 Aug 2026
Listed+90.0%
Issue size
Price band₹179–₹189
Dates13–17 Aug
Min invest₹2,26,800
Allotment 18 Aug
Refund 19 Aug
Listing 20 Aug
Subscription

Not published yet

No momentum data yetDRHP
IPO analysis
Mainboard NSE Closed 14 Aug 2026
Listed+63.2%
Issue size₹211 Cr
Price band₹271–₹285
Dates12–14 Aug
Min invest₹14,820
Allotment 17 Aug
Refund 18 Aug
Listing 19 Aug
Subscriptionexchange7d old
QIB165×
HNI165×
RET53.27×
Total108.44×
No momentum data yetDRHP
IPO analysis
SME NSE Closed 14 Aug 2026
Listed+1.7%
Issue size
Price band₹110–₹118
Dates12–14 Aug
Min invest₹2,83,200
Allotment 17 Aug
Refund 18 Aug
Listing 19 Aug
Subscription

Not published yet

No momentum data yetDRHP
IPO analysis
SME BSE Fixed Price Closed 14 Aug 2026
Listed+0.0%
Issue size
Price band₹115
Dates12–14 Aug
Min invest₹2,76,000
Allotment 17 Aug
Refund 18 Aug
Listing 19 Aug
Subscriptionvia aggregator
QIB
HNI0.31×
RET2.64×
Total1.48×
No momentum data yetDRHP
IPO analysis

What this page does not yet show

Sources & method

Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.

Grey-market premium is aggregated across independent grey-market trackers and shown as a range across sources, never a single number.