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.

What is the estimated listing price for Avana Electrosystems Limited IPO?

Based on the upper price band of ₹59 and current GMP of ₹10, the estimated listing price is ₹69 (approx. 16.9% gain).

What is the expected profit per lot for Avana Electrosystems Limited IPO?

With a lot size of 2000 shares and current GMP of ₹10, expected profit per retail application lot is approximately ₹20,000.

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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

Live Grey Market Premium

Avana Electrosystems Limited GMP Today

Last updated: 20 Jan 2026

Current Premium

₹10+16.9%

Issue Price (Upper)

₹59

Band: ₹56 – ₹59

Estimated Listing Price

₹69

Upper price + GMP

Lot Size

2000 shares

Min investment ₹1,18,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹10	16.9%	₹69
30 Oct 2026	+₹10	16.9%	₹69
29 Oct 2026	+₹9	15.3%	₹68

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Avana Electrosystems Limited IPO GMP today?

The latest grey market premium for Avana Electrosystems Limited IPO is ₹10, which indicates an expected listing price of ₹69.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.