Susan Electricals IPO Day 1: GMP ₹25 (+₹25)

Welcome back to our IPO watch! Today marks the start of the Susan Electricals SME IPO on the BSE, and we’ve got the very first day’s update for you. As expected for a Day 1 of a new listing, the subscription figures are currently sitting at zero across all categories. However, the Grey Market Premium (GMP) is already showing some promising movement, which is definitely worth a closer look. The IPO is open from June 11th to June 15th, 2026, with an issue price of ₹120 per share. Let’s dive into the details.

Subscription Status

As mentioned, Day 1 is typically a quiet day for subscriptions, especially for SME IPOs. The subscription numbers for Retail, Non-Institutional Investors (NII), and Qualified Institutional Buyers (QIB) are all at 0x. This is completely normal at this early stage. For the uninitiated, Retail investors are individuals applying for shares up to ₹2 lakh. NIIs are high-net-worth individuals and corporates applying for amounts above ₹2 lakh. QIBs are typically large financial institutions. The total subscription across all categories is also 0x, reflecting that the market is still getting a feel for the issue. We’ll be watching closely as the days progress, especially on Day 2 and Day 3, when significant traction usually builds up if the IPO is well-received.

GMP Update

Now, let’s talk about the Grey Market Premium, or GMP. This is often a leading indicator of market sentiment towards an IPO. Interestingly, Susan Electricals is already commanding a GMP of ₹25. This is a significant jump from yesterday’s GMP, which was at ₹0. This ₹25 increase is encouraging and suggests that there’s already a positive buzz surrounding the company even before substantial subscriptions have come in. If this GMP holds, it implies an expected listing price of around ₹145 (Issue Price ₹120 + GMP ₹25). This ₹25 premium translates to a healthy potential listing gain of approximately 20.83% based on the issue price. This kind of early momentum in GMP can often translate into strong subscription numbers in the latter half of the IPO period.

Should You Apply?

So, the million-dollar question: should you be applying for the Susan Electricals IPO? On one hand, the subscription numbers are zero, which is expected but offers no immediate indication of demand. However, the GMP is a different story. A ₹25 GMP on Day 1, showing a positive jump from yesterday, is a strong signal of investor interest in the grey market. It suggests that traders are anticipating a good debut for Susan Electricals. The lot size is 1000 shares, meaning an investment of ₹1,20,000 at the issue price. The potential listing price of ₹145 looks attractive. Remember, GMP is not a guarantee, and it can fluctuate. It’s always wise to do your own due diligence on the company’s fundamentals. As per SEBI advisor guidelines, it’s crucial to understand the business model and future prospects. That said, the current GMP is a positive indicator that warrants consideration. You can view full Susan Electricals IPO details here: View Full Susan Electricals IPO Details. We’ll be back with more updates as the subscription period unfolds.