Electrical Engineering & Power Infrastructure - Listed on 05 October 2026
Sai Urja Indo Ventures (Electrical Engineering & Power Infrastructure) closed its IPO window in 2026 and listed on NSE and BSE on 05 October 2026 at an upper band issue price of Rs 113, opening at Rs 133.8 for a listing gain of +18.4%. The IPO was subscribed 4.43x overall - QIB 2.80x, HNI/NII 6.19x, Retail 4.04x. The total issue size was Rs 24.95 Cr. IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Electrical Engineering & Power Infrastructure
Sai Urja Indo Ventures operates in the Electrical Engineering & Power Infrastructure space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Sai Urja Indo Ventures issue was offered at an upper price of Rs 113 and raised approximately Rs 24.95 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | - | - |
| Day 2 | - | - |
| Day 3 | Rs 11 | +9.73% |
| Day 4 | - | - |
| Day 5 | - | - |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Sai Urja Indo Ventures IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Sai Urja Indo Ventures IPO listed at +18.4% versus the upper issue price of Rs 113 on 05 October 2026.
Sai Urja Indo Ventures IPO was subscribed 4.43x overall. QIB portion was subscribed 2.80x, HNI / NII 6.19x and Retail 4.04x.
IPO GMP started at - on Day 1 and moved to Rs 11 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.