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Market Overview

20 August 2026 · 0 live offerings · 32 tracked

Watchlist Explore IPOs

Total IPOs

0 open · 0 upcoming

Avg Conviction

across the pipeline

Avg GMP

28%

grey-market premium

Most Subscribed

420.09×

IC Electricals SME IPO

Strong Apply

highest-conviction calls

Apply

positive verdicts

Avoid Calls

risk-flagged issues

Avg Score

overall /100

Highest Conviction · Spotlight

Technocrats Plasma Systems SME IPO

SME · Machine Tools — Metal-Cutting And Welding Equipment Manufacturing

Closed

Deterministic verdict 'Avoid': listing=83/Strong Apply, short=72/Neutral Positive, long=71/Apply; overall=68.8; confidence=100.0/100 | computed financials: fin=84, growth=100, D/E=0.38 (70% math / 30% model) | market signals: alignment=n/a (OFS None%), anchor …

Score Profile

ListingStrong Apply

Confidence · High

AI Market Pulse

8 of 32 names carry Apply-or-better verdicts, average GMP at 28%.

Verdict Distribution

Strong Apply

Apply

Apply with Caution

Neutral Positive

Neutral

Avoid

Strong Avoid

Top GMP Movers

Millworks Technologies SME IPO

Precision Engineering for Mission-Critical Applications

+117.8%

Poojaa Precision Engg SME IPO

Precision Components (Automotive Sector)

+74.8%

IC Electricals SME IPO

Electrical Equipment and Power Electronics

+40.4%

GMP ₹40

Kusumgar

Engineered Fabrics Market

+38.4%

GMP ₹161

All Offerings · 32

Company	Status	Price Band	Issue	GMP	Sub	Conviction	Score	Listing
SH Shiprocket IPO E-commerce Enablement and Logistics Platform	Listed	₹92–97	₹1,617.48 Cr	+35%	3.26×	38.1	38.1/100	Avoid
BL Behari Lal Engineering IPO Metal Rolls and Engineering Components Manufacturing	Listed	₹271–285	₹301.62 Cr	+28.1%	8.47×	74.8	74.8/100	Apply
EE ENS Enterprises SME IPO	Closed	₹87–92	₹33.14 Cr	—	7.26×	66.1	66.1/100	Apply
SI Skytech Infinite Platform SME IPO	Closed	₹73–77	₹22.68 Cr	+1.3%	1.75×	55.8	55.8/100	Neutral
LI LEAP India IPO Supply Chain Asset Pooling and Logistics	Listed	₹151–159	₹2,480 Cr	—	8.82×	58.9	58.9/100	Neutral
MD Molbio Diagnostics IPO Medical Technology / Diagnostics	Listed	₹768–807	₹939.7 Cr	+19.1%	70.27×	65.5	65.5/100	Apply
AT Advance Technoforge SME IPO	Listed	₹95–95	₹24.03 Cr	—	1.55×	59.5	59.5/100	Avoid
SF SBI Funds Management Ltd Asset Management Industry	Listed	₹545–574	₹9,812.91 Cr	+16.8%	41.73×	84.9	84.9/100	Apply
RL Riyaasat Lifestyle Ltd Textile and Apparel	Listed	₹100–106	₹30.2 Cr	—	1.32×	48.9	48.9/100	Avoid
CC Credent Connect SME IPO	Listed	₹179–189	₹93.9 Cr	+29.1%	153.13×	56.6	56.6/100	Neutral
SB Sotefin Bharat SME IPO	Listed	₹178–187	₹89.76 Cr	—	0.8×	65.5	65.5/100	Neutral
DT Dhoot Transmission IPO Automotive Components (Wiring Harnesses)	Listed	₹829–871	₹3,066.89 Cr	+29.3%	75.06×	62.5	62.5/100	Apply
SF Sham Foam Business Of Manufacturing, Distribution, Market	Listed	₹130–130	₹40.48 Cr	—	2.4×	69.3	69.3/100	Neutral
TV Technocraft Ventures IPO Public Infrastructure Development / EPC Contractor	Listed	₹200–212	₹251.88 Cr	—	38.69×	77.5	77.5/100	Strong Apply
PE Propshop Events & Exhibitions SME IPO Trade Show and Exhibition Solutions	Listed	₹65–69	₹28.57 Cr	—	1.53×	60.2	60.2/100	Neutral
PP Poojaa Precision Engg SME IPO Precision Components (Automotive Sector)	Listed	₹285–301	₹159.83 Cr	+74.8%	278.83×	74	74/100	Strong Apply
TP Technocrats Plasma Systems SME IPO Machine Tools — Metal-Cutting And Welding Equipment Manufacturing	Closed	₹125–132	₹60.98 Cr	+32.6%	203.36×	68.8	68.8/100	Strong Apply
IE IC Electricals SME IPO Electrical Equipment and Power Electronics	Listed	₹94–99	₹47.91 Cr	+40.4%	420.09×	80.4	80.4/100	Strong Apply
GE G.v. Electricals SME IPO Power Distribution Infrastructure Services	Listed	₹123–130	₹42.25 Cr	+20%	112.4×	75.7	75.7/100	Apply
HI Horizon Industrial Parks IPO India’S Industrial & Logistics	Closed	₹57–60	₹2,600.04 Cr	—	1.4×	49.1	49.1/100	Avoid
CC Clay Craft Ceramic Products Manufacturing / Home & Kitchenware	Listed	₹193–203	₹110.11 Cr	+17.2%	2.42×	75.4	75.4/100	Apply
SS Shreedhar Spinners Textile (Cotton Spinning)	Listed	₹51–53	₹30.68 Cr	—	6.7×	59.6	59.6/100	Apply
MT Millworks Technologies SME IPO Precision Engineering for Mission-Critical Applications	Listed	₹315–331	₹160.34 Cr	+117.8%	219.54×	78.7	78.7/100	Strong Apply
MA Mobilise App SME IPO IT/Software Services	Listed	₹75–80	₹20.1 Cr	+5%	100.07×	70.2	70.2/100	Apply
LP Laser Power&infra IPO Power Transmission and Distribution Industry (Wires and Cables Segment)	Listed	₹203–214	₹742 Cr	+20.3%	41.05×	68.8	68.8/100	Apply
KU Kusumgar Engineered Fabrics Market	Listed	₹398–419	₹650 Cr	+38.4%	135.8×	68	68/100	Apply
JG Juniper Green Energy IPO Renewable Energy	Listed	₹214–225	₹1,800 Cr	+10%	8.38×	56.1	56.1/100	Avoid
HS Happy Steels Ltd Agricultural Tractor Machinery / Steel Components	Listed	₹62–66	₹25 Cr	+15.2%	77.81×	74.2	74.2/100	Apply
HH H.r. Hygiene Products SME IPO Hygiene Products	Listed	₹83–88	₹53.95 Cr	+2.3%	6.29×	71.5	71.5/100	Neutral
CM CALIBER Mining&logistics LIMITED Mining and Logistics	Listed	₹402–424	₹450 Cr	+27.8%	1.31×	62.7	62.7/100	Neutral
AI Ardee Industries IPO Circular Economy (Lead Recycling)	Listed	₹50–53	₹425.87 Cr	+26.4%	14.72×	83.2	83.2/100	Apply
MH Manipal Health Enterprises IPO Healthcare / Hospital Services	Listed	₹560–590	₹9,275.22 Cr	+0.6%	5.04×	60.1	60.1/100	Avoid

Shiprocket IPO

E-commerce Enablement and Logistics Platform

ListedAvoid

Price Band₹92–97

Issue₹1,617.48 Cr

GMP+35%

Sub3.26×

Conviction38.1

Score38.1/100

Behari Lal Engineering IPO

Metal Rolls and Engineering Components Manufacturing

ListedApply

Price Band₹271–285

Issue₹301.62 Cr

GMP+28.1%

Sub8.47×

Conviction74.8

Score74.8/100

ENS Enterprises SME IPO

ClosedApply

Price Band₹87–92

Issue₹33.14 Cr

GMP—

Sub7.26×

Conviction66.1

Score66.1/100

Skytech Infinite Platform SME IPO

ClosedNeutral

Price Band₹73–77

Issue₹22.68 Cr

GMP+1.3%

Sub1.75×

Conviction55.8

Score55.8/100

LEAP India IPO

Supply Chain Asset Pooling and Logistics

ListedNeutral

Price Band₹151–159

Issue₹2,480 Cr

GMP—

Sub8.82×

Conviction58.9

Score58.9/100

Molbio Diagnostics IPO

Medical Technology / Diagnostics

ListedApply

Price Band₹768–807

Issue₹939.7 Cr

GMP+19.1%

Sub70.27×

Conviction65.5

Score65.5/100

Advance Technoforge SME IPO

ListedAvoid

Price Band₹95–95

Issue₹24.03 Cr

GMP—

Sub1.55×

Conviction59.5

Score59.5/100

SBI Funds Management Ltd

Asset Management Industry

ListedApply

Price Band₹545–574

Issue₹9,812.91 Cr

GMP+16.8%

Sub41.73×

Conviction84.9

Score84.9/100

Riyaasat Lifestyle Ltd

Textile and Apparel

ListedAvoid

Price Band₹100–106

Issue₹30.2 Cr

GMP—

Sub1.32×

Conviction48.9

Score48.9/100

Credent Connect SME IPO

ListedNeutral

Price Band₹179–189

Issue₹93.9 Cr

GMP+29.1%

Sub153.13×

Conviction56.6

Score56.6/100

Sotefin Bharat SME IPO

ListedNeutral

Price Band₹178–187

Issue₹89.76 Cr

GMP—

Sub0.8×

Conviction65.5

Score65.5/100

Dhoot Transmission IPO

Automotive Components (Wiring Harnesses)

ListedApply

Price Band₹829–871

Issue₹3,066.89 Cr

GMP+29.3%

Sub75.06×

Conviction62.5

Score62.5/100

Sham Foam

Business Of Manufacturing, Distribution, Market

ListedNeutral

Price Band₹130–130

Issue₹40.48 Cr

GMP—

Sub2.4×

Conviction69.3

Score69.3/100

Technocraft Ventures IPO

Public Infrastructure Development / EPC Contractor

ListedStrong Apply

Price Band₹200–212

Issue₹251.88 Cr

GMP—

Sub38.69×

Conviction77.5

Score77.5/100

Propshop Events & Exhibitions SME IPO

Trade Show and Exhibition Solutions

ListedNeutral

Price Band₹65–69

Issue₹28.57 Cr

GMP—

Sub1.53×

Conviction60.2

Score60.2/100

Poojaa Precision Engg SME IPO

Precision Components (Automotive Sector)

ListedStrong Apply

Price Band₹285–301

Issue₹159.83 Cr

GMP+74.8%

Sub278.83×

Conviction74

Score74/100

Technocrats Plasma Systems SME IPO

Machine Tools — Metal-Cutting And Welding Equipment Manufacturing

ClosedStrong Apply

Price Band₹125–132

Issue₹60.98 Cr

GMP+32.6%

Sub203.36×

Conviction68.8

Score68.8/100

IC Electricals SME IPO

Electrical Equipment and Power Electronics

ListedStrong Apply

Price Band₹94–99

Issue₹47.91 Cr

GMP+40.4%

Sub420.09×

Conviction80.4

Score80.4/100

G.v. Electricals SME IPO

Power Distribution Infrastructure Services

ListedApply

Price Band₹123–130

Issue₹42.25 Cr

GMP+20%

Sub112.4×

Conviction75.7

Score75.7/100

Horizon Industrial Parks IPO

India’S Industrial & Logistics

ClosedAvoid

Price Band₹57–60

Issue₹2,600.04 Cr

GMP—

Sub1.4×

Conviction49.1

Score49.1/100

Clay Craft

Ceramic Products Manufacturing / Home & Kitchenware

ListedApply

Price Band₹193–203

Issue₹110.11 Cr

GMP+17.2%

Sub2.42×

Conviction75.4

Score75.4/100

Shreedhar Spinners

Textile (Cotton Spinning)

ListedApply

Price Band₹51–53

Issue₹30.68 Cr

GMP—

Sub6.7×

Conviction59.6

Score59.6/100

Millworks Technologies SME IPO

Precision Engineering for Mission-Critical Applications

ListedStrong Apply

Price Band₹315–331

Issue₹160.34 Cr

GMP+117.8%

Sub219.54×

Conviction78.7

Score78.7/100

Mobilise App SME IPO

IT/Software Services

ListedApply

Price Band₹75–80

Issue₹20.1 Cr

GMP+5%

Sub100.07×

Conviction70.2

Score70.2/100

Laser Power&infra IPO

Power Transmission and Distribution Industry (Wires and Cables Segment)

ListedApply

Price Band₹203–214

Issue₹742 Cr

GMP+20.3%

Sub41.05×

Conviction68.8

Score68.8/100

Kusumgar

Engineered Fabrics Market

ListedApply

Price Band₹398–419

Issue₹650 Cr

GMP+38.4%

Sub135.8×

Conviction68

Score68/100

Juniper Green Energy IPO

Renewable Energy

ListedAvoid

Price Band₹214–225

Issue₹1,800 Cr

GMP+10%

Sub8.38×

Conviction56.1

Score56.1/100

Happy Steels Ltd

Agricultural Tractor Machinery / Steel Components

ListedApply

Price Band₹62–66

Issue₹25 Cr

GMP+15.2%

Sub77.81×

Conviction74.2

Score74.2/100

H.r. Hygiene Products SME IPO

Hygiene Products

ListedNeutral

Price Band₹83–88

Issue₹53.95 Cr

GMP+2.3%

Sub6.29×

Conviction71.5

Score71.5/100

CALIBER Mining&logistics LIMITED

Mining and Logistics

ListedNeutral

Price Band₹402–424

Issue₹450 Cr

GMP+27.8%

Sub1.31×

Conviction62.7

Score62.7/100

Ardee Industries IPO

Circular Economy (Lead Recycling)

ListedApply

Price Band₹50–53

Issue₹425.87 Cr

GMP+26.4%

Sub14.72×

Conviction83.2

Score83.2/100

Manipal Health Enterprises IPO

Healthcare / Hospital Services

ListedAvoid

Price Band₹560–590

Issue₹9,275.22 Cr

GMP+0.6%

Sub5.04×

Conviction60.1

Score60.1/100

Company

Status

Price Band

Issue

GMP

Sub

Conviction

Score

Listing

Shiprocket IPO

E-commerce Enablement and Logistics Platform

Listed

₹92–97

₹1,617.48 Cr

+35%

3.26×

38.1

38.1/100

Avoid

Behari Lal Engineering IPO

Metal Rolls and Engineering Components Manufacturing

Listed

₹271–285

₹301.62 Cr

+28.1%

8.47×

74.8

74.8/100

Apply

ENS Enterprises SME IPO

Closed

₹87–92

₹33.14 Cr

—

7.26×

66.1

66.1/100

Apply

Skytech Infinite Platform SME IPO

Closed

₹73–77

₹22.68 Cr

+1.3%

1.75×

55.8

55.8/100

Neutral

LEAP India IPO

Supply Chain Asset Pooling and Logistics

Listed

₹151–159

₹2,480 Cr

—

8.82×

58.9

58.9/100

Neutral

Molbio Diagnostics IPO

Medical Technology / Diagnostics

Listed

₹768–807

₹939.7 Cr

+19.1%

70.27×

65.5

65.5/100

Apply

Advance Technoforge SME IPO

Listed

₹95–95

₹24.03 Cr

—

1.55×

59.5

59.5/100

Avoid

SBI Funds Management Ltd

Asset Management Industry

Listed

₹545–574

₹9,812.91 Cr

+16.8%

41.73×

84.9

84.9/100

Apply

Riyaasat Lifestyle Ltd

Textile and Apparel

Listed

₹100–106

₹30.2 Cr

—

1.32×

48.9

48.9/100

Avoid

Credent Connect SME IPO

Listed

₹179–189

₹93.9 Cr

+29.1%

153.13×

56.6

56.6/100

Neutral

Sotefin Bharat SME IPO

Listed

₹178–187

₹89.76 Cr

—

0.8×

65.5

65.5/100

Neutral

Dhoot Transmission IPO

Automotive Components (Wiring Harnesses)

Listed

₹829–871

₹3,066.89 Cr

+29.3%

75.06×

62.5

62.5/100

Apply

Sham Foam

Business Of Manufacturing, Distribution, Market

Listed

₹130–130

₹40.48 Cr

—

2.4×

69.3

69.3/100

Neutral

Technocraft Ventures IPO

Public Infrastructure Development / EPC Contractor

Listed

₹200–212

₹251.88 Cr

—

38.69×

77.5

77.5/100

Strong Apply

Propshop Events & Exhibitions SME IPO

Trade Show and Exhibition Solutions

Listed

₹65–69

₹28.57 Cr

—

1.53×

60.2

60.2/100

Neutral

Poojaa Precision Engg SME IPO

Precision Components (Automotive Sector)

Listed

₹285–301

₹159.83 Cr

+74.8%

278.83×

74/100

Strong Apply

Technocrats Plasma Systems SME IPO

Machine Tools — Metal-Cutting And Welding Equipment Manufacturing

Closed

₹125–132

₹60.98 Cr

+32.6%

203.36×

68.8

68.8/100

Strong Apply

IC Electricals SME IPO

Electrical Equipment and Power Electronics

Listed

₹94–99

₹47.91 Cr

+40.4%

420.09×

80.4

80.4/100

Strong Apply

G.v. Electricals SME IPO

Power Distribution Infrastructure Services

Listed

₹123–130

₹42.25 Cr

+20%

112.4×

75.7

75.7/100

Apply

Horizon Industrial Parks IPO

India’S Industrial & Logistics

Closed

₹57–60

₹2,600.04 Cr

—

1.4×

49.1

49.1/100

Avoid

Clay Craft

Ceramic Products Manufacturing / Home & Kitchenware

Listed

₹193–203

₹110.11 Cr

+17.2%

2.42×

75.4

75.4/100

Apply

Shreedhar Spinners

Textile (Cotton Spinning)

Listed

₹51–53

₹30.68 Cr

—

6.7×

59.6

59.6/100

Apply

Millworks Technologies SME IPO

Precision Engineering for Mission-Critical Applications

Listed

₹315–331

₹160.34 Cr

+117.8%

219.54×

78.7

78.7/100

Strong Apply

Mobilise App SME IPO

IT/Software Services

Listed

₹75–80

₹20.1 Cr

+5%

100.07×

70.2

70.2/100

Apply

Laser Power&infra IPO

Power Transmission and Distribution Industry (Wires and Cables Segment)

Listed

₹203–214

₹742 Cr

+20.3%

41.05×

68.8

68.8/100

Apply

Kusumgar

Engineered Fabrics Market

Listed

₹398–419

₹650 Cr

+38.4%

135.8×

68/100

Apply

Juniper Green Energy IPO

Renewable Energy

Listed

₹214–225

₹1,800 Cr

+10%

8.38×

56.1

56.1/100

Avoid

Happy Steels Ltd

Agricultural Tractor Machinery / Steel Components

Listed

₹62–66

₹25 Cr

+15.2%

77.81×

74.2

74.2/100

Apply

H.r. Hygiene Products SME IPO

Hygiene Products

Listed

₹83–88

₹53.95 Cr

+2.3%

6.29×

71.5

71.5/100

Neutral

CALIBER Mining&logistics LIMITED

Mining and Logistics

Listed

₹402–424

₹450 Cr

+27.8%

1.31×

62.7

62.7/100

Neutral

Ardee Industries IPO

Circular Economy (Lead Recycling)

Listed

₹50–53

₹425.87 Cr

+26.4%

14.72×

83.2

83.2/100

Apply

Manipal Health Enterprises IPO

Healthcare / Hospital Services

Listed

₹560–590

₹9,275.22 Cr

+0.6%

5.04×

60.1

60.1/100

Avoid