Susan Electricals India IPO
GMP, Subscription, Price, Dates & Financial Details
Electric Equipment
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…
Open Date
Thu, 11 Jun 2026
Close Date
Mon, 15 Jun 2026
Price Band
₹ 120 – 127
Lot Size
1000
Issue Size
₹ 70.00 Cr
Minimum Investment
₹ 254,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Susan Electricals India IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹70.00 Crore, comprising a fresh issue of 42.84 Lakh equity shares aggregating to ₹54.00 Crore and an offer for sale (OFS) of 8.00 Lakh equity shares aggregating to ₹10.00 Crore by the existing shareholders.
The Susan Electricals India IPO remained open for subscription from June 11, 2026, to June 15, 2026. The basis of allotment was finalized on June 16, 2026, and the company's shares were listed on BSE SME Platform on June 18, 2026.
The company had fixed the price band at ₹120 to ₹127 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹254,000 (based on the upper price band) to apply for one lot.
Mudra RTA Ventures Private Limited served as the registrar to the issue. Seren Capital Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Susan Electricals India Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Susan Electricals India IPO Timeline (Tentative)
- IPO Open Date
- Thu, 11 Jun 26
- IPO Close Date
- Mon, 15 Jun 26
- Basis of Allotment
- Tue, 16 Jun 26
- Initiation of Refunds
- Wed, 17 Jun 26
- Credit of Shares to Demat
- Wed, 17 Jun 26
- Listing Date
- Thu, 18 Jun 26 — NSE & BSE
Open Date
11 June 2026
Close Date
15 June 2026
Basis Of Allotment
16 June 2026
Listing Date
18 June 2026
IPO Subscription
Check Live Subscription →The Susan Electricals India IPO has received bids for 77,18,85,000 shares against 35,61,000 shares offered, resulting in an overall subscription of 216.76x. the NII category is subscribed 336.6x, Retail Investors 207.56x, and QIBs 142.65x. Within the NII category, BNII is subscribed 389.97x, while SNII is subscribed 229.86x.
QIB
142.65x
NII
336.6x
BNII
389.97x
SNII
229.86x
RII
207.56x
Total
216.76x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 17,80,000 shares, representing 49.99% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 10,16,000 shares (28.53%), while Non-Institutional Investors (NIIs) receive 7,65,000 shares (21.48%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,016,000 | 28.53% |
| Non-Institutional | 765,000 | 21.48% |
| BNII | 510,000 | 14.32% |
| SNII | 255,000 | 7.16% |
| Retail Investors | 1,780,000 | 49.99% |
| Total | 3,561,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Susan Electricals India Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 64.64 | 46.72 | 15.92 |
| ROCE % | 29.05 | 17.46 | 9.47 |
| RoNW % | 47.42 | 31.43 | 12.17 |
| Pat Margin % | 6.77 | 4.16 | 0.73 |
Peers Comparison
| 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 |
About Susan Electricals India Limited
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.
Susan Electricals India IPO Promoters
- Vishal Jain
- Mahak Jain
Promoters Holding
Holding Pre Issue
92.47%
Holding Post Issue
66.97%
Susan Electricals India IPO Objective
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
Susan Electricals India Limited Address / Contact Details
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
Susan Electricals India IPO Lot Size
The Susan Electricals India IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹2,54,000 by applying for 2 lot (2,000 shares). The maximum application allowed for the retail category is 2 lots (2,000 shares), requiring an investment of ₹2,54,000.
| 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 |
Issue Reservation
- QIB — 28.53%
- NII — 21.48%
- RII — 49.99%
Book Running Lead Managers
- Seren Capital Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Susan Electricals India IPO?
Susan Electricals India IPO is a Book-building IPO with a total issue size of ₹70 crore. The Susan Electricals India IPO price band is ₹120 to 127 per share. The Susan Electricals India IPO subscription opens on Thu, Jun 11, 2026, and closes on Mon, Jun 15, 2026. The Susan Electricals India IPO will be listed on the BSE. Mudra RTA Ventures Private Limited is the registrar for the Susan Electricals India IPO.
When will the Susan Electricals India IPO open for subscription?
The Susan Electricals India IPO opens on Thu, Jun 11, 2026 and closes on Mon, Jun 15, 2026
What is Susan Electricals India IPO Price Band?
Susan Electricals India IPO Price Band is ₹120 to 127 per share.
What is Susan Electricals India IPO Lot Size?
Susan Electricals India IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹254000 based on the upper price band
What is the minimum investment for Susan Electricals India IPO?
The minimum investment for Susan Electricals India IPO is ₹254000, based on one lot of 1000 shares at the upper price band of ₹127 per share.
How to apply for Susan Electricals India IPO?
Investors can apply for the Susan Electricals India IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Jun 15, 2026. The application amount remains blocked until the Susan Electricals India IPO allotment is finalized.
What is Susan Electricals India IPO Issue Size?
Susan Electricals India IPO issue size is ₹70 crores.
What is the Susan Electricals India IPO Allotment Date?
Susan Electricals India IPO allotment date is Tue, Jun 16, 2026.
Who is the Susan Electricals India IPO Registrar?
The registrar for Susan Electricals India IPO is Mudra RTA Ventures Private Limited . Investors can go to Mudra RTA Ventures Private Limited website to check Susan Electricals India IPO allotment status, refund processing, and other IPO-related information.
What is the Susan Electricals India IPO GMP?
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 33.86% over the issue price.
Who is the Susan Electricals India IPO Lead Manager?
The book-running lead managers (BRLMs) for the Susan Electricals India IPO are Seren Capital Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Susan Electricals India IPO Red Herring Prospectus (RHP).