Susan Electricals India IPO GMP Day 2: Grey Market Premium Steady at Rs 25, Estimated Listing Price Rs 152 — Key Details for Day 2 Subscribers
- June 12, 2026
- Posted by: Ankit Jaiswal
- Category: IPO
Susan Electricals India IPO GMP Day 2: Rs 25. Issue price Rs 127. Estimated listing: Rs 152 (+19.68%). Open June 11-15, 2026 on BSE SME. Lot: 2,000 shares, min Rs 2,54,000. Allotment June 16. Listing June 18. Structure: Fresh issue Rs 54 Cr + OFS Rs 10 Cr. Total issue Rs 70.38 Cr.
The Susan Electricals IPO is now in its Day 2 of subscription as of June 12, 2026, with the grey market premium (GMP) holding steady at Rs 25. Based on the issue price upper band of Rs 127, this GMP implies an estimated listing price of Rs 152, a potential gain of 19.68% for successful allottees when the stock debuts on BSE SME on June 18, 2026. The Susan Electricals IPO opened on June 11, 2026, and will remain open through June 15, giving investors three more days to apply. This is a Rs 70.38 crore SME offering comprising a fresh issue of Rs 54 crore and an OFS of approximately Rs 10 crore, priced at Rs 120-127 per share with a face value of Rs 10. The minimum lot size is 2,000 shares, requiring a minimum investment of Rs 2,54,000 at the upper price band.
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Susan Electricals India IPO: Key Details
| IPO Parameter | Details |
|---|---|
| IPO Name | Susan Electricals India Ltd. IPO |
| IPO Type | SME IPO , Book-Built |
| Exchange | BSE SME |
| Issue Size | Rs 70.38 crore |
| Fresh Issue | Rs 54 crore (47.80 lakh shares) |
| OFS | Rs 10 crore approx (6.20 lakh shares) |
| Price Band | Rs 120 to Rs 127 per share |
| Face Value | Rs 10 per share |
| Lot Size | 2,000 shares |
| Minimum Investment | Rs 2,54,000 (1 lot at Rs 127) |
| Subscription Open | June 11, 2026 |
| Subscription Close | June 15, 2026 |
| Allotment Date | June 16, 2026 |
| Refund Date | June 17, 2026 |
| Listing Date | June 18, 2026 (tentative) |
| GMP Day 2 (June 12) | Rs 25 |
| Estimated Listing Price | Rs 152 (Rs 127 + Rs 25 = +19.68% over issue price) |
| QIB Quota | 50% |
| NII Quota | 15% |
| Retail Quota | 35% |
| Promoters | Vishal Jain and Mahak Jain |
| BRLM | Seren Capital Pvt. Ltd. |
| Registrar | Mudra RTA Ventures Pvt. Ltd. |
| Business | Aluminium and copper-based electrical winding wires, conductors, power cables |
| Founded | 2007 |
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About Susan Electricals India
Susan Electricals India Ltd. is a Surat-based manufacturer of aluminium and copper electrical winding wires and conductors, incorporated in 2007. The company manufactures winding wires and strips used in transformers, motors, alternators, coils, and other electrical equipment, as well as aluminium stranded conductors for overhead power distribution networks. The Susan Electricals IPO proceeds will be used for expansion of manufacturing facilities, working capital requirements, and general corporate purposes. The promoters are Vishal Jain and Mahak Jain.
What GMP of Rs 25 Means for Day 2
A GMP of Rs 25 on Susan Electricals IPO Day 2 indicates moderate positive grey market sentiment. On Day 2 of subscription, QIBs and large HNIs typically remain on the sidelines, with meaningful subscription data only becoming clear on Day 3 (the final day, June 15). Retail investors should note that SME IPO GMPs can fluctuate significantly between Day 2 and the listing date depending on how the final subscription numbers come in. A stable GMP alongside strong Day 3 QIB and NII subscription would be a more confident buying signal.
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Conclusion
The Susan Electricals IPO GMP of Rs 25 on Day 2 implies a 19.68% listing gain at Rs 152. The issue is open through June 15 with allotment on June 16 and listing on June 18 on BSE SME. Track live Susan Electricals IPO GMP and subscription data on Univest.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Susan Electricals India IPO GMP on Day 2?
Ans. The Susan Electricals India IPO grey market premium (GMP) on Day 2 (June 12, 2026) is Rs 25. Based on the issue price upper band of Rs 127, this GMP implies an estimated listing price of Rs 152, representing a potential listing gain of approximately 19.68% for IPO allottees. The GMP has been stable at Rs 25 since it first appeared in the grey market, suggesting moderate but consistent investor interest in the grey market ahead of the June 18, 2026 listing on BSE SME.
What does Susan Electricals India do?
Ans. Susan Electricals India Ltd., established in 2007, is a manufacturer of aluminium and copper-based electrical winding wires, conductors, and power cables. The company’s products include winding wires and strips used in transformers, motors, alternators, coils, and other electrical equipment. It also manufactures aluminium stranded conductors used in overhead power distribution networks. The company operates in the electrical components manufacturing segment, which benefits from India’s ongoing infrastructure investment and power sector expansion.
How to apply for Susan Electricals India IPO?
Ans. Susan Electricals India IPO can be applied for through ASBA (Application Supported by Blocked Amount) via your bank’s net banking or mobile app. Select the Susan Electricals India IPO in the IPO investment section, enter the quantity (minimum 1 lot = 2,000 shares, Rs 2,54,000) and bid at the cut-off price. Alternatively, you can apply through your broker using UPI-based application. The IPO is open from June 11 to June 15, 2026 for QIB, NII, and retail investors. Allotment will be finalised on June 16 and the stock is expected to list on BSE SME on June 18, 2026.
Is the Susan Electricals India IPO GMP a reliable indicator?
Ans. Grey market premium (GMP) for the Susan Electricals India IPO is an unofficial, unregulated market indicator and should not be treated as a guarantee of listing gains. The GMP of Rs 25 implies a listing gain of approximately 19.68%, but actual listing prices can differ significantly based on market conditions on listing day, overall subscription levels, QIB participation, and broader market sentiment. For a more reliable assessment, investors should track the final Day 3 subscription figures (especially QIB oversubscription) alongside the GMP, as the combination of high GMP and strong QIB demand tends to be a more accurate predictor of listing gains than GMP alone.
