Susan Electricals India IPO
Susan Electricals India IPO
Overview
Susan Electricals India IPO is a book build issue of ₹70.38 crores. The issue is a combination of fresh issue of 0.47 crore shares aggregating to ₹60.22 crores and offer for sale of 0.08 crore shares aggregating to ₹10.16 crores. Susan Electricals India IPO bidding opened for subscription on Jun 11, 2026 and will close on Jun 15, 2026. The allotment for the Susan Electricals India IPO is expected to be finalized on Jun 16, 2026. Susan Electricals India IPO will list on the BSE SME with a tentative listing date fixed as Jun 18, 2026. Susan Electricals India IPO is set issue price band at ₹120 to ₹127 per share. The lot size for an application is 1,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,54,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹3,81,000. Seren Capital Pvt.Ltd. is the book running lead manager and Mudra RTA Ventures Private Limited is the registrar of the issue.
Total Shares
55,42,000
Issue Size
₹70 Cr
Price Band
₹120 – ₹127
Lot Size
1000 shares
Min. Investment
₹1,27,000
Max. Investment
₹1,27,000
Open Date
11 Jun, 2026
Close Date
15 Jun, 2026
Allotment
16 Jun, 2026
Listing
18 Jun, 2026
Max. Investment
₹1,27,000
Announced
11 Jun, 2026
Opening Date
11 Jun, 2026
Closing Date
15 Jun, 2026
Basis of Allotment
16 Jun, 2026
Initiation of Refunds
17 Jun, 2026
Credit of Shares
17 Jun, 2026
Listing Date
18 Jun, 2026
Live GMP
Est. Listing: ₹181
Apply via UPI in 5 minutes
Choose your broker • Zero commission on IPO
About Susan Electricals India IPO
Incorporated in 2007, Susan Electricals India Ltd. 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’s product portfolio includes winding wires and strips used in transformers, motors, alternators, coils, and other electrical equipment, as well as aluminium stranded conductors used in overhead power distribution networks.
The company also manufacture
Susan Electricals India IPO Share Price
Issue Breakdown
Shareholding
Dilution: 30.4% increase in shares
Susan Electricals India IPO Financial Health
Susan Electricals India Ltd.'s revenue increased by 98% and profit after tax (PAT) rose by 223% between the financial year ending with March 31, 2026 and March 31, 2025.
Susan Electricals India IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2000 | ₹2,54,000 |
| Individual investors (IND) (Max) | 2 | 2000 | ₹2,54,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,81,000 |
| S-HNI (Max) | 7 | 7000 | ₹8,89,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,16,000 |
(All values in CR)
Susan Electricals India IPO Valuations
| Metric | Value |
|---|---|
| ROE | 64.64 |
| ROCE | 29.05 |
| RoNW | 47.42 |
| PAT Margin | 6.77 |
| EBITDA Margin | 11.91 |
| Price to Book Value | 5.15 |
(All values in CR)
Susan Electricals India IPO Strength & Risk
Susan Electricals India IPO – Strengths
- Strong revenue growth over recent years
- Significant improvement in profitability and EBITDA
- Operates in the power transmission and distribution sector, benefiting from India's infrastructure expansion
- Diversified product portfolio including conductors, winding wires, and power cables
- Healthy return ratios indicating efficient capital utilization
- Established relationships with government utilities and DISCOMs
- IPO proceeds earmarked for capacity expansion and working capital support
- Growing demand from power, renewable energy, and electrification projects
Susan Electricals India IPO – Risks
- High debt levels compared to peers
- Dependence on volatile aluminium and copper prices
- Significant reliance on government and tender-based contracts
- Delays in project execution or payments can impact cash flows
- SME-listed stock may face lower liquidity after listing
- Competitive industry with pricing pressure from larger players
- Working capital-intensive business model
- Profit margins may be affected by fluctuations in raw material costs
- Limited operating history at the current scale of business
- Grey market sentiment currently does not indicate a strong listing premium
Susan Electricals India IPO Subscriptions Status
Susan Electricals India IPO subscribed 216.63 times. The public issue subscribed 207.56 times in the individual investors category, 142.65 times in QIB (Ex Anchor), and 336.00 times in the NII category by June 15, 2026 5:54:35 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 15,23,000 | 15,23,000 | 19.34 |
| Market Maker | 1.00 | 4,58,000 | 4,58,000 | 5.82 |
| QIB (Ex Anchor) | 142.65 | 10,16,000 | 14,49,37,000 | 1 |
| NII | 336.00 | 7,65,000 | 25,70,40,000 | 3 |
| bNII (> ₹10L) | 389.07 | 5,10,000 | 19,84,26,000 | 2 |
| sNII (< ₹10L) | 229.86 | 2,55,000 | 5,86,14,000 | 744.4 |
| Individual Investors | 207.56 | 17,80,000 | 36,94,50,000 | 4 |
| Total | 216.63 | 35,61,000 | 77,14,27,000 | 9 |
Susan Electricals India IPO GMP
Susan Electricals India SME IPO last GMP is ₹54, last updated Jun 15th 2026 05:02 PM. With the price band of 127.00, Susan Electricals India SME IPO's estimated listing price is ₹181 (cap price + today's GMP).The expected percentage gain/loss per share is 42.52%. >> Susan Electricals India SME IPO Retail Subject to Sauda: ₹41000 The lowest GMP is ₹0.00, while the highest GMP is ₹64.00.
Last updated 15 Jun, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 15 Jun, 2026 | 127 | ₹54▼ | - | ₹181 (42.52%) | 54000 | 15 Jun, 2026 |
| 14 Jun, 2026 | 127 | ₹62▲ | - | ₹189 (48.82%) | 62000 | 14 Jun, 2026 |
| 13 Jun, 2026 | 127 | ₹61▼ | - | ₹188 (48.03%) | 61000 | 13 Jun, 2026 |
| 12 Jun, 2026 | 127 | ₹64▲ | - | ₹191 (50.39%) | 64000 | 12 Jun, 2026 |
| 11 Jun, 2026 | 127 | ₹50▲ | - | ₹177 (39.37%) | 50000 | 11 Jun, 2026 |
| 10 Jun, 2026 | 127 | ₹41▲ | - | ₹168 (32.28%) | 41000 | 10 Jun, 2026 |
| 09 Jun, 2026 | 127 | ₹25▲ | - | ₹152 (19.69%) | 25000 | 09 Jun, 2026 |
| 08 Jun, 2026 | 127 | ₹15▲ | - | ₹142 (11.81%) | 15000 | 08 Jun, 2026 |
| 07 Jun, 2026 | 0 | ₹0 | - | ₹ (%) | - | 07 Jun, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Susan Electricals India IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Susan Electricals India IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.