Susan Electricals IPO Final Day: GMP ₹60 (+₹12)
Alright folks, it’s the final whistle for the Susan Electricals SME IPO on BSE! Today marks Day 5, the closing day, and the excitement is palpable. We’ve seen a steady build-up, and as the clock ticks down, investors are making their last-minute decisions. Let’s dive into the subscription numbers and see how the Grey Market Premium (GMP) is holding up as we approach the end of this offering period, which runs from June 11th to June 15th, 2026.
| Date | GMP | Est. Listing |
|---|---|---|
| 16 Jun | +₹63 | ₹183 |
| 15 Jun | +₹63 | ₹183 |
| 13 Jun | +₹60 | ₹180 |
| 12 Jun | +₹48 | ₹168 |
| 11 Jun | +₹42 | ₹162 |
Subscription Status
As of the closing bell on Day 5, the subscription numbers for Susan Electricals are looking interesting. While the official figures are still being compiled and will be updated, we’ve seen a dynamic response across the different investor categories. The Retail Individual Investor (RII) segment, NII (High Net-worth Individuals), and QIB (Qualified Institutional Buyers) categories will tell a story about where the demand is strongest. Typically, strong subscription in the RII and NII segments indicates good retail interest and conviction from HNIs, which often translates to a positive listing. A significant oversubscription in any of these categories is a good sign, suggesting that the IPO is in demand. Conversely, if certain categories remain undersubscribed, it could raise a few eyebrows. We’re keeping a close eye on the final figures, as they’re the real heartbeat of an IPO’s reception.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 207.56x | |
| NII / HNI | 336.60x | |
| QIB | 142.65x | |
| Total | 216.76x |
| Date | Retail | NII | QIB | Total |
|---|---|---|---|---|
| 15 Jun | 207.56x | 336.60x | 142.65x | 216.76x |
| 12 Jun | 19.16x | 22.51x | 7.31x | 16.50x |
| 11 Jun | 4.79x | 6.34x | 7.01x | 5.76x |
GMP Update
Now, let’s talk about the Grey Market Premium (GMP). This is a crucial, albeit unofficial, indicator of market sentiment. The current GMP for Susan Electricals stands at ₹60. This is a notable increase from yesterday’s ₹48, showing a jump of ₹12. This upward movement in GMP is encouraging, suggesting that the market is increasingly optimistic about Susan Electricals’ listing prospects. At an issue price of ₹120, a GMP of ₹60 implies an expected listing price of around ₹180 (Issue Price + GMP). This ₹60 premium represents a healthy 50% jump over the issue price, which is quite attractive. This increased GMP often reflects growing confidence among traders and investors anticipating a strong debut.
Should You Apply?
So, the million-dollar question: should you still be applying for Susan Electricals? The subscription numbers, once finalized, will be key. If we see a strong oversubscription across the board, especially in the retail and NII segments, coupled with this robust GMP of ₹60, it paints a positive picture. The potential listing gain of ₹60 per share is definitely appealing. However, it’s always wise to remember that GMP is not a guarantee. It’s a sentiment indicator, and actual listing performance can vary. As per SEBI advisories, it’s essential to conduct your own due diligence. Consider the company’s fundamentals, its future prospects, and the overall market conditions. If you’re comfortable with the risk profile and the potential upside indicated by the GMP and subscription trends, it could be a good opportunity. For a deeper dive into the company and all the IPO details, you can View Full Susan Electricals IPO Details.