| IPO Date | June 11, 2026 to June 15, 2026 |
| Listing Date | June 18, 2026 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 120 to ₹ 127 / Share |
| Lot Size | 1000 Shares |
| Total Issue Size | 5542000 (Aggregating up to 70 ) |
| Fresh Issue | 4284000 (Aggregating up to 54 ) |
| Offer for Sale | 800000 (Aggregating up to 10 ) |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share holding pre issue | 15588795 |
| Share holding post issue | 20330795 |
| Market Maker portion |
Susan Electricals IPO opens on June 11, 2026, and closes on June 15, 2026.
| IPO Open Date | June 11, 2026 |
| IPO Close Date | June 15, 2026 |
| Basis of Allotment | June 16, 2026 |
| Initiation of Refunds | June 17, 2026 |
| Credit of Shares to Demat | June 17, 2026 |
| Listing Date | June 18, 2026 |
| Cut-off time for UPI mandate confirmation | -- |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | Rs.254,000 |
| Retail (Max) | 2 | 2,000 | Rs.254,000 |
| S-HNI (Min) | 3 | 3,000 | Rs.381,000 |
| S-HNI (Max) | 7 | 7,000 | Rs.889,000 |
| B-HNI (Min) | 8 | 8,000 | Rs.1,016,000 |
| HNI (Min) |
| Share Holding Pre Issue | 15588795 |
| Share Holding Post Issue | 20330795 |
Susan Electricals India IPO comprises a total issue size of 55,42,000 shares. The net offer to the public is 50,84,000 shares, after excluding 4,58,000 shares allotted on a firm basis. Of the Net offer 25,39,000 (49.94%) are allocated to QIB, 7,65,000 (15.05%) allocated to NII 17,80,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1523000 |
27.48 |
| Market Maker Shares Offered | 458000 |
8.26 |
| Other Shares Offered | |
|
| QIB Shares Offered | 1016000 |
18.33 |
| NII (HNI) Shares Offered | 765000 15.05 |
13.80 |
| bNII > ₹10L | 510000 |
9.20 |
| sNII < ₹10L | 255000 |
4.60 |
| Retail Shares Offered | 1780000 35.01 |
32.12 |
| Employee Shares Offered | |
|
| Total Shares Offered | 5542000 100.00 |
| Bid Date | 2026-06-10 |
| Shares Offered | 1523000 |
| Anchor Portion Size (In Cr.) | 19.34 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 16, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 14, 2026 |
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 manufactures power cables, including low tension (LT) cables such as PVC and XLPE insulated cables (up to 1.1 kV), including Low Tension Aerial Bunched (LT AB) cables, and high tension (HT) cables used in higher-grade power distribution systems.
Its customers primarily include state-owned electricity distribution utilities (DISCOMs), infrastructure and EPC companies, and businesses operating in the electrical wires, cables, and conductors segment.
In addition to manufacturing activities, the company undertakes trading of aluminium wires and rods used as key raw materials and also provides job work services related to the processing of winding wires and strips.
The company operates three manufacturing facilities in Ghaziabad, Uttar Pradesh, located at Site-IV Industrial Area, Sahibabad, and SSGT Road. During Fiscal 2026, it sold its products across 7 states in India, including Uttar Pradesh, Jharkhand, Madhya Pradesh, and Karnataka.
As of April 30, 2026, the company had 216 permanent employees.
Competitive Strengths:
| KPI | Values |
|---|---|
| ROE | 64.64 |
| ROCE | 29.05 |
| Debt/Equity | |
| RoNW | 47.42 |
| P/BV | 6.77 |
| PAT Margin (%) | 6.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.70 | 8.97 |
| P/E (x) | 10.85 | 14.15 |
Vishal Jain and Mahak Jain
Susan Electricals India Ltd. Address 1703, Nirmal Tower 26, Barakhamba Road Connaught Plaza New Delhi, New Delhi, 110001
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Mudra RTA Ventures Private Limited
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