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

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

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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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.