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 current subscription status of Avana Electrosystems Limited IPO?

Avana Electrosystems Limited IPO has received a total subscription of 131.89 times overall.

IPO GreyPremiumLIVE

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

131.89x

Total Demand

QIB Multiplier

54.97x

Institutions & Funds

NII / HNI

219.37x

High Net-Worth

Retail (RII)

137.52x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 131.89x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	1,128,000	62,006,000	54.97x
NIB	864,000	189,532,000	219.37x
HNIs(10L +)	576,000	148,954,000	258.60x
HNIs (2-10L)	288,000	40,578,000	140.90x
RETAIL	1,988,000	273,392,000	137.52x
Total	4,844,000	714,462,000	131.89x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 151.34x

Category	Applications Reserved	Applications Received	Times Subscribed
QIB	—	44	0.00x
NIB	—	14,308	0.00x
RETAIL	497	68,348	137.52x
HNIs(10L +)	96	8,044	83.79x
HNIs (2-10L)	48	6,264	130.50x
Total Applications	641	97,008	151.34x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for Avana Electrosystems Limited IPO is ₹10 per equity share. Based on the upper price band of ₹56 to ₹59 per equity share, the estimated listing price is ₹69 (+16.9% expected listing 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, the expected profit per application lot is approx ₹20,000 (+16.9% gain). Minimum application cost is approx ₹1,18,000.

What is the issue size and price band for Avana Electrosystems Limited IPO?

The Avana Electrosystems Limited IPO aggregate issue size is ₹35.22 Crores with an equity price band set at ₹56 to ₹59 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,18,000.

How can I check Avana Electrosystems Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 131.89x (Retail: 137.52x, QIB: 54.97x, NII: 219.37x). You can track live multiples directly on our dedicated subscription page.

Where and when will Avana Electrosystems Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Integrated Registry Management Services Private Limited) and the BSE status verification website on or around 2026-01-16. Investors can verify status using PAN card or application number.

When is the listing date for Avana Electrosystems Limited IPO?

Avana Electrosystems Limited shares are scheduled to list on NSE on 2026-01-20.