What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Avana Electrosystems Limited IPO allotment date?

The basis of allotment for Avana Electrosystems Limited IPO is scheduled to be finalized on 16 Jan 2026.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 17 Jan 2026.

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Grey Market Intelligence

Avana Electrosystems Limited

ListedSME

Industrials · NSE

Incorporated in 2010, Avana Electrosystems Limited is engaged in the manufacturing of customised control and relay panels used for power system monitoring, control, and protection applications such as transmission lines, power transformers, bus bars, and capacitor banks. The company offers control and relay panels ranging from 11 kV to 220 kV for both indoor and outdoor usage, along with MV and LV panels, protection relays, substation automation systems, relay test blocks, and test plugs. Avana Electrosystems operates two manufacturing units located at Peenya Industrial Estate, Bengaluru, Karnataka, focusing on industrial production supported by advanced engineering capabilities.

Price Band

₹56 – ₹59

Issue Size

₹35.22 Cr

Lot Size

2000 shares

GMP

₹10

+16.9%

Est. Listing

₹69

at current GMP

Subscribed

131.89x

overall

Open

12 Jan 2026

14 Jan 2026

Allotment

16 Jan 2026

Refund

17 Jan 2026

Demat Credit

18 Jan 2026

Listing

20 Jan 2026

Last updated 9 months ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Avana Electrosystems Limited Allotment Status

Designated Registrar: Integrated Registry Management Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

16 Jan 2026

Basis finalization

Refunds Initiate

17 Jan 2026

Mandate release

Demat Credit

18 Jan 2026

Shares in demat

Listing Debut

20 Jan 2026

Trading begins

About Avana Electrosystems Limited Public Issue & Market Profile

Avana Electrosystems Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹35.22 Crores. The shares are offered at a price band of ₹56 to ₹59 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2026-01-14, the basis of allotment is scheduled to be finalized on 2026-01-16. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Integrated Registry Management Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.