Susan Electricals India IPO
Open SmeCurrent GMP
₹43 (+33.86%)
Price Band
₹ 120 – 127
Lot Size
1000
Issue Size
₹70 Cr
Minimum Investment
₹254000 (2000 Shares)
Listing Date
18 June 2026
Subscription
216.76x
About the Company
Incorporated in 2007, Susan Electricals India Limited is engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors, and power cables across a wide range of specifications, sizes, and configurations.
The company's product portfolio includes winding wires and strips used in transformers, motors, alternators, coils, and other electrical equipment. It also manufactures aluminium stranded conductors that are widely utilized in overhead power transmission and distribution networks.
Additionally, the company produces a variety of power cables, including Low Tension (LT) cables such as PVC and XLPE insulated cables (up to 1.1 kV), LT Aerial Bunched (AB) cables, and High Tension (HT) cables designed for higher-voltage power distribution applications.
Susan Electricals primarily serves state-owned electricity distribution companies (DISCOMs), infrastructure developers, EPC contractors, and businesses operating in the electrical wires, cables, and conductors industry.
Apart from its manufacturing operations, the company is involved in the trading of aluminium wires and rods, which serve as key raw materials for its products. It also provides job-work services related to the processing of winding wires and strips.
The company operates three manufacturing facilities located in Ghaziabad, Uttar Pradesh, situated at Site-IV Industrial Area, Sahibabad, and SSGT Road. During Fiscal 2025, Susan Electricals marketed and sold its products across seven Indian states, including Uttar Pradesh, Jharkhand, Madhya Pradesh, and Karnataka.
As of January 31, 2026, the company employed 193 permanent personnel, supporting its manufacturing, trading, and operational activities.
Promoters
- Vishal Jain
- Mahak Jain
Promoters Holding
Holding Pre Issue
92.47%
Holding Post Issue
66.97%
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding of Capital expenditure towards expansion of existing Manufacturing Facility situated at Plot No.18/31, Sahibabad, Ghaziabad, Uttar Pradesh
- Utilization towards Working Capital Requirements
- General Corporate Purposes
Address / Contact Info
Susan Electricals India Ltd. Address
1703, Nirmal Tower,
26, Barakhamba Road,
Connaught Plaza
New Delhi, New Delhi, 110001
E-mail: office@seil.net.in
Tel No: 0120-4331296
Website:https://seil.net.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 11 June 2026
IPO Close Date
Monday, 15 June 2026
Basis of Allotment
Tuesday, 16 June 2026
Initiation of Refunds
Wednesday, 17 June 2026
Credit of Shares to Demat
Wednesday, 17 June 2026
Listing Date
Thursday, 18 June 2026 — NSE & BSE
Important Dates
Open Date
11 June 2026
Close Date
15 June 2026
Basis Of Allotment
16 June 2026
Listing Date
18 June 2026
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 130.05 | 73.68 | 38.08 |
| Revenue | 269.96 | 136.05 | 103.59 |
| Profit After Tax | 18.25 | 5.65 | 0.76 |
| Net Worth | 38.48 | 17.98 | 6.21 |
| Reserve & Surplus | 22.89 | 12.96 | 3.23 |
| Total Borrowings | 66.72 | 45.27 | 24.79 |
EPS Pre
11.70%
EPS Post
8.97%
P/E Pre
10.85
P/E (Post Issue)
14.15x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 64.64 | 46.72 | 15.92 |
| ROCE % | 29.05 | 17.46 | 9.47 |
| Debt / Equity | 0 | 0 | 0 |
| RoNW % | 47.42 | 31.43 | 12.17 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 6.77 | 4.16 | 0.73 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1016000 | 28.53 | 0 |
| Non-Institutional | 765000 | 21.48 | 0 |
| BNII | 510000 | 14.32 | 0 |
| SNII | 255000 | 7.16 | 0 |
| Retail Investors | 1780000 | 49.99 | 0 |
| Total | 3561000 | 100 | 0 |
Subscription Status ( Mon, 15 Jun 26 01:58 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1016000 | 144937000 | 142.65x |
| Non-Institutional | 765000 | 257498000 | 336.6x |
| BNII | 510000 | 198884000 | 389.97x |
| SNII | 255000 | 58614000 | 229.86x |
| Retail Investors | 1780000 | 369450000 | 207.56x |
| Total | 3561000 | 771885000 | 216.76x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Susan Electricals India Ltd | 10 | 0.00 | 11.96 | 11.96 | 47.42 | 24.68 |
| Prime Cable Industries Ltd | 5 | 16.77 | 6.68 | 6.68 | 20.14 | 33.17 |
| Divine Power Energy Ltd | 10 | 46.35 | 10.83 | 10.83 | 20.69 | 51.71 |
| V-Marc India Ltd | 10 | 27.90 | 40.97 | 40.97 | 34.56 | 118.55 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 254,000.00 |
| Retail (Max) | 2 | 2,000 | 254,000.00 |
| S-HNI (Min) | 3 | 3,000 | 381,000.00 |
| S-HNI (Max) | 7 | 7,000 | 889,000.00 |
| B-HNI (Min) | 8 | 8,000 | 1,016,000.00 |
Registrar
Mudra RTA Ventures Private Limited
919870297591
ipo@mudrarta.com
https://mudrarta.com/
Book Running Lead Managers
- Seren Capital Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Susan Electricals India IPO is a Book-building IPO worth ₹70 crores. The price band is ₹120 to 127 per share. The IPO opens on Thu, Jun 11, 2026 and closes on Mon, Jun 15, 2026. It will be listed on BSE and NSE. Mudra RTA Ventures Private Limited is the registrar.
The Susan Electricals India IPO opens on Thu, Jun 11, 2026 and closes on Mon, Jun 15, 2026
Susan Electricals India IPO Price Band is ₹120 to 127.
Susan Electricals India IPO lot size is 1000, and the minimum amount required for application is ₹254000.
The minimum investment for Susan Electricals India IPO is approximately ₹254000 based on the upper price band.
To apply for the Susan Electricals India IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Jun 15, 2026. After submission, funds are blocked until the basis of allotment of Susan Electricals India IPO is finalised.
Susan Electricals India IPO issue size is ₹70 crores.
Susan Electricals India IPO allotment date is Sat, Jun 27, 2026.
The registrar for Susan Electricals India IPO is Mudra RTA Ventures Private Limited . Investors can go to Mudra RTA Ventures Private Limited website for IPO allotment status, refund processing, and other queries related to Susan Electricals India IPO through their official website or helpline.
The Susan Electricals India IPO GMP (Grey Market Premium) is ₹43 as of Thu, Jun 18, 2026. Based on the upper price band of ₹127 per share, the estimated Susan Electricals India IPO listing price is ₹170, indicating a potential listing gain of approximately 31% over the issue price.