7 live or upcoming · ₹464 Cr on offer
Indian IPOs,
decoded.
We read the prospectus so you don't have to — the financials, the valuation, the detail that is easy to miss. Every score shows its maths. Every page shows its sources. No tips. No hype. You decide.
- Open right now
- 7
- Opening soon
- 0
- Capital on offer
- ₹464 Cr
- Average listing gain
- 2.6%
First closes today
Nothing scheduled
Across live and upcoming issues
Across the last 5 listings tracked
Market pulse
What the money is doing right now
Every live and upcoming issue, ranked by whichever signal you care about. Sort by score to see what the fundamentals say, by grey market to see what the mood says — they disagree more often than you would think.
| Issue | Dates | |||
|---|---|---|---|---|
| Maxwell EngineeringIndustrials | 30 Oct – 3 NovOpen now | ₹70up 44.3%30 Oct | 83Exceptional | ₹57.64 Cr |
| HGS (India)Industrials | 30 Oct – 3 NovOpen now | ₹30up 25.0%30 Oct | 75Strong | ₹34.56 Cr |
| Bombay CoatedMaterials | 29 Oct – 2 NovOpen now | ₹7up 8.5%30 Oct | 66Balanced | ₹183 Cr |
| Vedant Poly FabsMaterials | 2 – 4 NovOpen now | ₹5up 5.3%1 Nov | 72Strong | ₹56.68 Cr |
| Johnsoncab ElectricalsIndustrials | 30 Oct – 3 NovOpen now | ₹10up 5.0%30 Oct | 70Strong | ₹56.02 Cr |
| Antala IndustriesMaterials | 29 Oct – 5 NovOpen now | — | 72Strong | ₹23.33 Cr |
| Vectras EnproconIndustrials | 30 Oct – 3 NovOpen now | — | 79Strong | ₹53.05 Cr |
Ranked by gmp. Grey-market premium is an unofficial, unregulated quote with no settlement guarantee — treat it as sentiment, not a forecast.
Which windows overlap
Bidding windows on one time axis. Issues stacked in the same week are competing for the same money.
- Bidding open
- Lists
- Today
Hover a bar for its dates and size. 7 issues on the calendar.
Open for bidding
You can apply to these today
Bidding closes at 5pm IST on the final day, and most brokers stop accepting UPI mandates earlier in the afternoon.
Antala Industries
BOPP laminated and PP woven packaging - bags, fabric and printed rolls
Open · SME · closes in 3 days
- Price band
- ₹63 – ₹67
- One application
- ₹2,68,000
- Score
- 72/100
Bombay Coated
Steel processing centre - slitting, cut-to-length, shearing and embossing of steel coils
Open · Mainboard · closes today
GMP ₹7up 8.5%30 Oct
- Price band
- ₹78 – ₹82
- One application
- ₹14,924
- Score
- 66/100
HGS (India)
Seismic and geophysical equipment manufacturing
Open · SME · closes tomorrow
GMP ₹30up 25.0%30 Oct
- Price band
- ₹114 – ₹120
- One application
- ₹2,88,000
- Score
- 75/100
Johnsoncab Electricals
Electrical wires and cables manufacturing
Open · SME · closes tomorrow
GMP ₹10up 5.0%30 Oct
- Price band
- ₹190 – ₹200
- One application
- ₹2,40,000
- Score
- 70/100
Maxwell Engineering
Precision engineering components for underwater pelletizing systems
Open · SME · closes tomorrow
GMP ₹70up 44.3%30 Oct
- Price band
- ₹150 – ₹158
- One application
- ₹2,52,800
- Score
- 83/100
Vectras Enprocon
Oil and gas infrastructure EPC (pipelines and station works)
Open · SME · closes tomorrow
- Price band
- ₹99 – ₹105
- One application
- ₹2,52,000
- Score
- 79/100
Vedant Poly Fabs
Flexible packaging films and laminates
Open · SME · closes in 2 days
GMP ₹5up 5.3%1 Nov
- Price band
- ₹88 – ₹94
- One application
- ₹2,25,600
- Score
- 72/100
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Keeping ourselves honest
Did the grey market actually get it right?
Every IPO site publishes grey-market premium. Almost none of them ever check it against what happened. Here is the record across the listings this dataset tracks.
Premium before listing, against the actual move
The last grey-market quote recorded BEFORE listing day, against what the stock actually did, across the 23 tracked issues that have both.
- A tracked listing
- Where premium equals outcome
Direction right
78%
of 23 listings
Average miss
8.1 pts
in magnitude
Bias
+1.0 pts
tended to undershoot
Worst single call
37.8 pts
Bharat Coking Coal
Why the grey market is kept in a box →
Hover any point for its name and figures; labels are shown standing only where they fit without overlapping. A point on the dashed line means the premium matched the outcome exactly. Above it the grey market undershot; below it, it overshot. Only quotes recorded strictly before listing day are counted, so a premium quoted once trading had begun cannot flatter the record. This is 23 issues from this dataset alone — far too small a sample to generalise from, and shown to put a number on how much weight the premium deserves rather than to validate it.
Recently listed
How the last few actually did
Issue price against what the stock opened at. This is the only honest scoreboard for everything above it — and the reason we publish our own grey-market record alongside it.
EAAA Alternatives
Alternative asset management - real assets and private credit
Listed 2 Nov 2026 · Mainboard
GMP ₹10up 0.6%27 Oct
- Price band
- ₹1,585 – ₹1,665
- Subscribed · day 3
- 5.3×
- Score
- 64/100
Core4 Engineers
EPCC contracting - water and wastewater, railway electrification, power distribution
Listed 30 Oct 2026 · SME
- Price band
- ₹88 – ₹93
- Listing gain
- down 20.0%
- Score
- 72/100
Jio Platforms
Telecom & digital services
Listed 28 Oct 2026 · Mainboard
GMP ₹249up 22.3%23 Oct
- Price band
- ₹1,065 – ₹1,119
- Listing gain
- up 21.4%
- Score
- 63/100
Paras Health
Hospitals and healthcare services (tertiary and quaternary care)
Listed 28 Oct 2026 · Mainboard
GMP ₹11up 1.6%23 Oct
- Price band
- ₹660 – ₹693
- Listing gain
- up 3.9%
- Score
- 52/100
Bonfiglioli
Power transmission and industrial drive systems — gear motors, gearboxes and drives
Listed 23 Oct 2026 · Mainboard
GMP ₹130up 22.2%18 Oct
- Price band
- ₹558 – ₹586
- Listing gain
- unchanged 0.0%
- Score
- 65/100
SMT
Medical devices — cardiovascular implants
Listed 23 Oct 2026 · Mainboard
GMP ₹24up 7.0%18 Oct
- Price band
- ₹327 – ₹344
- Listing gain
- up 7.9%
- Score
- 52/100
Learn
The parts nobody explains properly
Why allotment is a lottery and what actually improves your odds. What a grey-market premium is really quoting. How to read six hundred pages of prospectus in twenty minutes.
The pipeline
The big ones still to come
Filed with SEBI or publicly confirmed. At this stage most terms genuinely are not set yet — so they show as dashes here rather than as guesses dressed up as data.
- AnarockReal estate advisory, brokerage and property services₹1,000 Crexpected
- Arete 22Aluminium alloy wheels for two-wheeler OEMs₹440 Crexpected
- B.S. SpongeIntegrated steel — sponge iron, billets and slabs, TMT bars, wire rods, HR coils, ERW pipes and tubes and ferro alloys₹1,000 Crexpected
- Baanganga GoldGold and diamond jewellery manufacturing, business-to-business₹720 Crexpected
- Bonbloc TechnologiesAI-native enterprise SaaS and IT modernization services—expected
- Carlsberg IndiaBrewer: beer production and state-wise distribution in India—expected
- CJ Darcl LogisticsIntegrated multimodal logistics and freight—expected
- CredilaEducation-focused NBFC lending to students₹5,000 Crexpected
- Cult.fitFitness centres, memberships and activewear/equipment retail—expected
- Deon EnergySolar EPC, operation and maintenance, and independent solar power production—expected
- Eastman Auto and PowerLead-acid & lithium batteries, inverters, solar panels—expected
- Ekkaa ElectronicsODM/OEM contract manufacturer of LED TVs and appliances₹725 Crexpected
- Electromech InfraMechanical, electrical and plumbing contracting for data centres and digital infrastructure—expected
- EverBrands IndiaQuick service restaurants (Subway master franchise) and packaged coffee and tea₹600 Crexpected
- FlipkartE-commerce & online retail₹83,000 Crexpected
- GAMP ServicesValidation, qualification and compliance services for regulated manufacturing—expected
- Grace RenewableSolar EPC, solar product distribution and battery energy storage—expected
- Harit IndustriesHome textiles: curtain fabric, upholstery, dyeing job work₹70.00 Crexpected
- Hunger Pangs (Burma Burma)Specialty Burmese casual dining restaurant chain (Burma Burma)—expected
- InCred HoldingsDiversified NBFC — personal, student and secured MSME lending—expected
- Indian Gas ExchangeGas exchange: physical-delivery natural gas trading platform—expected
- INOX Air ProductsIndustrial, medical and specialty gases—expected
- Inox Clean EnergyRenewable energy IPP & solar module manufacturing₹10,000 Crexpected
- Integrum EnergyHybrid, wind and solar renewable energy projects and lifecycle energy management for commercial and industrial customers—expected
- Intellius RecodeTechnology consulting and agentic-AI 'Digital Worker' software for US enterprises—expected
- Milestone GearsPrecision transmission gears and shafts for tractors and off-highway₹1,100 Crexpected
- Mount Everest BreweriesBeer brewing, packaging and contract brewing—expected
- ParamotorFintech — prepaid card programme management, digital gifting, rewards and loyalty₹1,000 Crexpected
- Pentacle ConsultantsInfrastructure design engineering and project management consultancy—expected
- PES InstallationsHospital infrastructure — medical gas pipeline systems and modular operation theatres—expected
- PhonePeDigital payments & consumer fintech platform₹12,000 Crexpected
- PM CONAFast-moving electrical goods and wires—expected
- Rathod JewelleryB2B manufacture of handcrafted gold jewellery studded with uncut diamonds, polki, kundan and polished diamonds—expected
- RazorpayDigital payments gateway and merchant business banking—expected
- Social Worth (Fibe)Digital consumer lending — personal loans and point-of-sale credit—expected
- Soleos EnergySolar EPC, project development and battery energy storage systems—expected
- Sunkind IndiaSolar EPC and O&M, plus module mounting structure manufacturing—expected
- Swara BabyDisposable hygiene products, contract manufacturing₹1,000 Crexpected
- Tata SonsHolding company (NBFC — Core Investment Company)—expected
- Yogiraj PowertechElectrical and mechanical EPC for public utilities₹48.83 Crexpected
- ZeptoQuick commerce — 10-minute grocery and essentials delivery₹12,000 Crexpected
The method
A score you are meant to argue with
Most IPO scores are a black box with a verdict attached. Open any pillar of ours and you get the raw metric, the curve it was mapped through, the sub-score and the weight — enough to disagree with the weighting and still trust the arithmetic. Undisclosed data lowers confidence rather than quietly scoring zero, and sentiment is capped at 8 points of 100, so a hot grey market can tilt a score but never carry one.
Read how the score is built