Susan Electricals India IPO Review, GMP, Price, Dates, Allotment & Subscription Status
Susan Electricals India IPO is a book-built issue aggregating up to ₹70.38 crore. The IPO comprises a fresh issue of 47.42 lakh equity shares aggregating up to ₹60.22 crore and an offer for sale of 8.00 lakh equity shares aggregating up to ₹10.16 crore. The company intends to utilize the net proceeds from the fresh issue towards expansion of its manufacturing facility, working capital requirements, and general corporate purposes.
Susan Electricals India Limited is engaged in the manufacturing of aluminium and copper-based winding wires, conductors, and power cables used in transformers, motors, alternators, power distribution networks, and various industrial applications. The company primarily caters to DISCOMs, EPC contractors, infrastructure companies, and electrical equipment manufacturers.
Susan Electricals India IPO Details
| IPO Date | June 11, 2026 to June 15, 2026 |
|---|---|
| Listing Date | June 18, 2026 (Tentative) |
| Face Value | ₹10 per share |
| Price Band | ₹120 to ₹127 per share |
| Lot Size | 1,000 Shares |
| Issue Type | Book Built Issue |
| Listing Exchange | BSE SME |
| Issue Size | 55,42,000 Equity Shares (₹70.38 Crore) |
| Fresh Issue | 47,42,000 Equity Shares (₹60.22 Crore) |
| Offer For Sale | 8,00,000 Equity Shares (₹10.16 Crore) |
| Market Maker Portion | 4,58,000 Shares |
| Pre-Issue Share Capital | 1,55,88,795 Shares |
| Post-Issue Share Capital | 2,03,30,795 Shares |
Susan Electricals India IPO Important Dates
| IPO Open Date | June 11, 2026 |
|---|---|
| IPO Close Date | June 15, 2026 |
| Basis of Allotment | June 16, 2026 |
| Refund Initiation | June 17, 2026 |
| Credit of Shares | June 17, 2026 |
| Listing Date | June 18, 2026 |
Refer to RHP for detailed information.
About Susan Electricals India Limited
Established in 2007, Susan Electricals India Limited is engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors, and power cables in various specifications, sizes, and configurations. The company serves customers across the power distribution, infrastructure, industrial, and electrical equipment sectors.
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 used in overhead power distribution networks.
Under its cable segment, the company manufactures Low Tension (LT) cables, High Tension (HT) cables, and Medium Voltage Covered Conductor (MVCC) cables. The portfolio includes PVC insulated cables, XLPE insulated cables, armoured and unarmoured cables, aerial bunched (AB) cables, and high-tension power cables used in electricity transmission and distribution systems.
Susan Electricals primarily caters to state-owned electricity distribution utilities (DISCOMs), EPC companies, infrastructure contractors, and businesses operating in the electrical wires and cables segment. Apart from manufacturing operations, the company also undertakes trading of aluminium wires and rods and provides job work services related to winding wires and strips.
The company operates three manufacturing facilities located in Ghaziabad, Uttar Pradesh, including facilities situated at Site-IV Industrial Area, Sahibabad, and SSGT Road. As of April 30, 2026, the company had 216 permanent employees.
Key Product Categories
- Aluminium Winding Wires
- Copper Winding Wires
- Winding Strips
- Aluminium Conductors
- LT PVC Insulated Cables
- LT XLPE Cables
- Aerial Bunched (AB) Cables
- HT Power Cables
- Medium Voltage Covered Conductors (MVCC)
Objects of the Issue
The company proposes to utilize the net proceeds from the fresh issue for the following purposes:
- Funding capital expenditure towards expansion of the existing manufacturing facility situated at Plot No.18/31, Sahibabad, Ghaziabad, Uttar Pradesh.
- Funding working capital requirements.
- General corporate purposes.
Susan Electricals India IPO Reservation
| Category | Reservation |
|---|---|
| QIB | Not More Than 50% of Net Issue |
| NII | Not Less Than 15% of Net Issue |
| Retail Investors | Not Less Than 35% of Net Issue |
Susan Electricals India IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | 2,54,000 |
| HNI Minimum | 3 | 3,000 | 3,81,000 |
IPO Allotment & Application Status
Registrar: Mudra RTA Ventures Private Limited
- BSE SME Bid Status: https://www.bseindia.com/investors/appli_check
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Susan Electricals India IPO – Frequently Asked Questions (FAQ)
What is the Susan Electricals India IPO date?
Susan Electricals India IPO opens for subscription on June 11, 2026 and closes on June 15, 2026.
What is the price band of Susan Electricals India IPO?
The price band for Susan Electricals India IPO is fixed at ₹120 to ₹127 per equity share.
What is the lot size of Susan Electricals India IPO?
The lot size for Susan Electricals India IPO is 1,000 equity shares.
What is the minimum investment required for Susan Electricals India IPO?
Retail investors are required to apply for a minimum of 2 lots comprising 2,000 shares, amounting to ₹2,54,000 based on the upper price band of ₹127 per share.
What is the issue size of Susan Electricals India IPO?
Susan Electricals India IPO is a book-built issue aggregating up to ₹70.38 crore. The IPO comprises a fresh issue of ₹60.22 crore and an offer for sale of ₹10.16 crore.
When will the Susan Electricals India IPO allotment be finalized?
The basis of allotment for Susan Electricals India IPO is expected to be finalized on June 16, 2026.
When is the Susan Electricals India IPO listing date?
Susan Electricals India IPO is proposed to be listed on the BSE SME platform on June 18, 2026.
Who is the registrar of Susan Electricals India IPO?
Mudra RTA Ventures Private Limited is the registrar to the issue.
Who is the lead manager of Susan Electricals India IPO?
Seren Capital Private Limited is the Book Running Lead Manager for the IPO.
What does Susan Electricals India Limited do?
Susan Electricals India Limited manufactures aluminium and copper-based winding wires, conductors, and power cables used in transformers, motors, alternators, power distribution systems, and industrial applications.
What products does Susan Electricals India manufacture?
The company manufactures aluminium winding wires, copper winding wires, winding strips, aluminium conductors, LT cables, HT cables, XLPE cables, PVC cables, aerial bunched cables, and medium voltage covered conductors.
Who are the customers of Susan Electricals India Limited?
The company primarily caters to state-owned electricity distribution companies (DISCOMs), EPC contractors, infrastructure companies, and businesses operating in the electrical wires and cables sector.
What are the objects of the Susan Electricals India IPO?
The company intends to utilize the net proceeds towards expansion of its manufacturing facility in Ghaziabad, Uttar Pradesh, working capital requirements, and general corporate purposes.
Who are the promoters of Susan Electricals India Limited?
The promoters of the company are Vishal Jain and Mahak Jain.
How many manufacturing facilities does Susan Electricals India operate?
The company operates three manufacturing facilities located in Ghaziabad, Uttar Pradesh.
How has Susan Electricals India performed financially?
For FY26, the company reported revenue from operations of ₹269.36 crore compared to ₹135.74 crore in FY25. Profit after tax increased to ₹18.25 crore from ₹5.65 crore in FY25, reflecting strong business growth.
What are the key strengths of Susan Electricals India Limited?
The company's strengths include a diversified electrical products portfolio, strong relationships with DISCOMs and EPC companies, multiple manufacturing facilities, growing financial performance, and a presence in India's expanding power infrastructure sector.
What are the major risks associated with Susan Electricals India?
Key risks include volatility in aluminium and copper prices, working capital intensive operations, dependence on infrastructure and power sector demand, and competition from established players in the wires and cables industry.
Will the company receive proceeds from the Offer for Sale portion?
No. Susan Electricals India Limited will not receive any proceeds from the Offer for Sale portion. The proceeds from the OFS will be received by the selling shareholder after applicable deductions.
How many employees does Susan Electricals India have?
As of April 30, 2026, Susan Electricals India Limited had 216 permanent employees.
Should you invest in Susan Electricals India IPO?
Investors should evaluate the company's financial performance, growth prospects, valuation, industry opportunities, competitive position, and risk factors disclosed in the RHP before making an investment decision.
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