Two companies have opened their IPOs today in the SME segment. One of them is showing strong performance in the grey market. Here are the key details explained in a simple way.
Avana Electrosystems IPO
Avana Electrosystems has launched an IPO worth ₹35.22 crore. The company will issue 5.2 million fresh shares and 0.08 crore shares through an Offer for Sale (OFS).
The IPO will remain open from January 12 to January 14, 2026, and it will be listed on the NSE SME platform.
Price Band and Investment Details
Price band: ₹56 to ₹59 per share
Lot size: 2,000 shares
Minimum bid: 4,000 shares
Minimum investment: ₹2,36,000
Grey Market Performance
According to a report by Investors Gain, this IPO is trading at a grey market premium (GMP) of ₹14, which indicates a possible listing gain of around 23.73%.
Narmadesh Brass Industries IPO
Narmadesh Brass Industries has launched an SME IPO of ₹44.87 crore. The company is offering 0.07 crore fresh shares and 0.02 crore shares through OFS.
This IPO will be open from January 12 to January 15, 2026, and it will be listed on the BSE SME platform.
Price Band and Investment Details
IPO price: ₹515 per share
Lot size: 240 shares
Minimum bid: 480 shares
Minimum investment: ₹2,47,200
Grey Market Status
In the grey market, this IPO is currently trading at a premium of ₹0, indicating no expected listing gain as of now.
KFin Technologies Limited has been appointed as the registrar for this IPO.
