What this is
IPO agent is a free service that tracks every mainboard and SME public share offer in India and explains it in plain English. It is published by kredfit.
For each offer you get the dates and price band, category-wise subscription as bidding progresses, grey-market premium reported across independent trackers, and a readable summary of the company's own offer document. The aim is that five minutes here is enough to understand an offer well enough to make your own decision.
Where the numbers come from
Every figure on this site is traceable. In order of preference:
- The NSE and BSE exchange feeds, for issue details and category-wise subscription. This is the primary source and it always wins.
- The company's own offer document (DRHP or RHP) for financials, shareholding, use of proceeds, risks and lock-ins. Each extracted figure is shown with the page it came from.
- An independent aggregator, clearly labelled as such, only when an exchange feed is unreachable, so you always know when a number is not the exchange's own.
- Independent grey-market trackers for GMP, shown as a range across sources rather than one number.
How the numbers are checked
Figures read out of an offer document are string-matched back against the source text, so a number that cannot be found in the document is flagged rather than published quietly. Automated checks compare the exchange figure against the independent one and flag differences too large for elapsed time to explain.
When a check fails, the affected offer carries a visible warning, and the daily email is suppressed for that day rather than mailing figures our own checks distrust. Everything carries the time it was collected, so you can see how fresh it is.
Why there is no buy or sell call
This is deliberate, and it is the core of how we work. You will not find an apply-or-avoid label, a rating, a score, or a target price anywhere on this site.
Two reasons. First, we are not a SEBI-registered research analyst or investment adviser, and publishing recommendations is regulated work. Second, a verdict would replace your judgement with ours while hiding the reasoning. We would rather give you the same facts a professional would start from, sourced and dated, and let you decide.
Every offer is therefore presented on the same footing, in the same layout, with the same fields.
How we treat grey-market premium
GMP is the number people search for, and it is also the least reliable number we publish, so we handle it carefully rather than refuse it.
It is always labelled unregulated and self-reported, always shown as a range across sources, and never converted into a rupee profit figure. Alongside it we publish the honest base rate from the offers we have tracked all the way to listing: how many actually opened above their issue price, and how far grey-market premium has historically missed the real outcome. Sentiment, not a promise.
What this does not yet show
Stating the gaps is part of being trustworthy, so here they are. This list used to sit on the home page; it lives here now so the home page can lead with the data, but nothing has been dropped from it.
- DRHP analysis appears only where an offer document has been analysed. Every figure carries its page, and where you see "not cross-checked" it has not been string-matched against the source text.
- A per-lot rupee estimate. We show the amount to apply and how recent IPOs actually listed; turning a live GMP into an indicative per-lot profit is the next step.
- Upcoming mainboard IPOs are thin, because the exchange calendar only exposes most issues once they are already open.
- GMP breadth. We read only sources whose terms permit this use, which currently means a small number.
Corrections
If a figure here looks wrong, please tell us and we will check it against the source and fix it. Automated collection of other people's data goes wrong sometimes; the useful response is a fast correction, not a claim of perfection.
We also publish, on the front page, a standing list of what the site does not yet show, so the gaps are visible instead of implied.
How this is funded
There is no advertising on this site, no paid placement, and no sponsored coverage. No company can pay to appear here, to be ranked differently, or to have anything removed. The email digest is free.
This service is built by the team behind kredfit, and it exists partly to introduce people to what kredfit does. That is the whole commercial relationship, and it does not touch what we publish about any offer.
Who runs it
The site is maintained by the kredfit editorial team, who are responsible for what is published here.
You can reach us through the newsletter signup on any page.