Summary
This blog includes details of the Susan Electricals India IPO consisting its date, GMP, and price. It has issued approximately ₹70 crore worth of equity shares with a face value of ₹10 per share. The subscription opens from 11 June 2026 to 15 June 2026.
Investors are allowed to issue a minimum of 2 lots, where each lot includes 1000 shares. The price band is set at ₹120 to ₹127 per share.
Susan Electricals India IPO is a BSE SME book-built offering that seeks to raise ₹70.38 crores from the public. It offers a combination of fresh issues of 0.47 crore shares and an offer for sale of 0.08 crore shares.
Investors can subscribe to the Susan Electricals India IPO between 11 June 2026 and 15 June 2026. The allotment is expected on 16 June 2026, and the tentative listing on the BSE SME exchange market is fixed on 18 June 2026.
Susan Electricals India IPO has set its issue price band at ₹120 to ₹127 per share. The application lot size is 1000 shares, at the upper price band.The minimum application size for retail investors is 2,000 shares, which translates to an investment of ₹2,54,000 at the upper price band. Non-institutional investors (HNIs) are eligible to apply with a minimum application of 3 lots (3000 shares), which translates into an investment of ₹3,81,000.
Susan Electrical India IPO- Key Details
The following table displays the primary details of the Susan Electricals India IPO.
| IPO Open | 11 June 2026 |
| IPO Close | 15 June 2026 |
| Face value | ₹10 share |
| Price Band | ₹120 – ₹127 per share |
| Issue price | – |
| IPO Lot Size | 1000 shares |
| Offer-for-sale | 8,00,000 Equity Shares |
| Fresh issue | 47,42,000 Equity Shares |
| Issue Type | SME/Book-built |
| Listing | BSE SME |
| Total Issue Size (₹ Crore) | 55,42,000 Equity Shares (agg up to ₹70 crore) |
| Minimum Investment (Retail) | ₹2,54,000 (2000 shares x upper band) |
Susan Electricals India IPO- Timeline
The timeline for the Susan Electricals India Ltd. is mentioned below.
| IPO Open Date | 11 June 2026 |
| IPO Close Date | 15 June 2026 |
| Tentative Allotment | 16 June 2026 |
| Initiation of Refunds | 17 June 2026 |
| Credit of Shares to Demat | 17 June 2026 |
| Tentative Listing Date | 18 June 2026 |
| Cut-off time for UPI mandate confirmation | 15 June 2026, 5:00 PM |
Susan Electricals INdia IPO- Key Performance Indicator
The Key performance Indicators (KPIs) of the Susan Electricals India IPO are mentioned below.
| KPIs | FY 2025-26 | FY 2024-25 | FY 2023-24 |
| ROE (%) | 64.64 | 46.72 | 15.92 |
| ROCE (%) | 29.05 | 17.46 | 9.47 |
| Debt-Equity Ratio (in times) | 1.73 | 2.52 | 3.99 |
| RoNW (%) | 47.42 | 31.43 | 12.17 |
| PAT Margin (%) | 6.77 | 4.16 | 0.73 |
| EBITDA Margin (%) | 11.91 | 8.84 | 3.51 |
| Price-Book Value | 5.15 | – | – |
Susan Electricals India IPO- Financial Information
The financial information of the Susan Electricals India IPO is mentioned below.
| As on March 31st 2026 | As onMarch 31st 2025 | As on March 31st 2024 | |
| Revenue | 26,996.47 | 13,605.00 | 10,359.38 |
| Total Asset | 13,004.93 | 7,367.87 | 3,808.14 |
| Profit after Tax | 1,824.64 | 565.1 | 75.58 |
(Amount in ₹ lakhs)
Susan Electricals India IPO- Subscription Status
The Susan Electricals India IPO was subscribed 7.81 times on 12 June 2026, at 11:00 am (day 2).
| Date | QIB | NII | NII (>10 lakhs) | NII (<10 lakhs) | Individual Investor | Total |
| 11 June 2026 (Day1) | 7.01 | 6.34 | 6.96 | 5.11 | 4.79 | 5.76 |
| 12 June 2026 (Day2) | 7.01 | 9.19 | 10.02 | 7.55 | 7.64 | 7.81 |
The IPO bidding process is available from 10:00 AM to 5:00 PM on all subscription days.
Susan Electricals India IPO- Grey Market Premium (GMP)
The Susan Electricals India IPO GMP stands at ₹53, updated as of 12 June at 9:55 AM. The estimated listing price is ₹180, considering the upper band at ₹127 per share.
Based on the last 6 sessions, the GMP is at its highest, i.e., ₹53, compared to the lowest GMP at ₹0.
| GMP Date | GMP | Est. Listing Price | Est. Profit | Last Updated |
| 12-06-26 | ₹53🔼 | ₹180 (41.73%) | ₹53,000 | 12-06-26 9:55 |
| 11-06-26 | ₹50🔼 | ₹177 (39.37%) | ₹50,000 | 11-06-26 23:34 |
| 10-06-26 | ₹41🔼 | ₹168 (32.28%) | ₹41,000 | 10-06-26 23:34 |
| 08-06-26 | ₹25🔼 | ₹152 (19.69%) | ₹25,000 | 09-06-26 23:37 |
| 07-06-26 | ₹15🔼 | ₹142 (11.81%) | ₹15,000 | 08-06-26 23:37 |
| 06-06-26 | 0 | ₹(%) | 08-06-26 5:20 |
Grey Market Premium (GMP) is the premium at which IPO shares trade in the unofficial grey market before their stock exchange listing. It reflects prevailing market sentiment and expectations for the IPO’s listing day performance.
Susan Electricals India IPO- Reservation
The Susan Electricals India IPO consists of 55,42,000 lakh shares in total. Excluding the firm allotment of 4,58,000 shares, the net pub offer includes 50,84,000 shares. The allocation percentage of net issues is 49.94% for QIBs, 15.05% for NIIs, and 35.01% for RIIs.
| Category | Shares offered (₹) | % of Net issue | % of Total Issue |
| QIB Shares Offered | 25,39,000 | 49.94% | 45.51% |
| NII (HNI) Shares Offered | 7,65,000 | 15.05% | 13.80% |
| Retail Shares Offered | 17,80,000 | 35.01% | 32.12% |
| Market Marker shares offered | 4,58,000 | 8.26% | |
| Total Shares Offered | 55,42,000 | 100% | 100% |
Susan Electricals India IPO-Lot Size
| Application | Lot | Shares | Amount (₹) |
| Individual Investor (IND) Min | 2 | 2,000 | 2,54,000 |
| Individual Investor (IND) Max | 2 | 2,000 | 2,54,000 |
| S-HNI Min | 3 | 3,000 | 3,81,000 |
| S-HNI Max | 7 | 7,000 | 8,89,000 |
| B-hni Min | 8 | 8,000 | 10,16,000 |
Susan Electricals India IPO- Anchor Investors
Susan Electricals India IPO has collected ₹19.24 crores from the anchor investors on 10 June 2026.
| Bid Date | 10 June 2026 |
| Shares Offered | 15,23,000 |
| Anchor Portion (in crores) | 19.34 |
| Anchor lock-in-period end date for 50% shares (30 days) | 15 June 2026 |
| Anchor lock-in-period end date for remaining shares (90 days) | 13 September 2026 |
Susan Electricals India IPO- Prospectus
The offer prospectus of the Susan Electricals India IPO is mentioned below.
Introduction to the Susan Electricals India Ltd
Susan Electricals India Ltd., founded by Shri Vishal Jain in 2007, operates in the manufacturing sector and caters to the electrical industry. It engages in manufacturing a range of wires and cables catering for all ranges of customers from residential to industrial applications. It includes high-quality copper and aluminium wires.
Susan Electricals India Ltd. is one of India’s rapidly growing manufacturers, based on quality, reliability, and innovation. The company caters to a diverse range of customers, including DISCOMs, EPC contractors, infrastructure companies, and businesses operating within the electrical cables and conductors segment.
The promoters of the Susan Electricals India IPO are Vishal Jain and Mahak Jain.
| Book Running Lead Manager | Serene Capital Pvt. Ltd. |
| Registrar of Issue | Mudra RTA Ventures Private Ltd. |
Objectives of the Susan Electricals India IPO
The objectives of the Susan Electricals India IPO are mentioned below.
| Particulars | Amount (₹ in Lakhs) |
| Funding for expansion of manufacturing unit in Ghaziabad, Uttar Pradesh, and Sahibabad | 1,029.49 |
| Funding for working capital | 3,300.00 |
| General Corporate Purpose | _ |
| Total | _ |
Susan Electricals India Ltd- Strength
- Susan Electricals India IPO is one of India’s growing manufacturing companies that serves electrical utilities to a vast range of customers. This helps them create a powerful presence in large-scale power distribution projects.
- It provides a vast and diversified range of products that includes aluminium and copper wires, conductors, HT cables, LT cables, and MVCC cables.
- By implementing standardized manufacturing processes, the company ensures reliable product quality and efficient production operations.
Susan Electricals India Ltd- Risks
- A considerable amount of the company’s revenue is collected from government project utilities. Not being able to land any new tenders or contracts may lead to a significant decline in revenue.
- Since Susan Electricals India Ltd. is a manufacturing company, its most important component is raw material. Therefore, any change or delay in raw materials may affect the company’s production and revenue.
- The electricity utility industry is very competitive due to very low entry barriers, leading to requirements for constant innovation to survive in the industry.
Susan Electricals India IPO- Review
Susan Electricals India Ltd. has marked a significant growth in its top and bottom lines over the last 3 years. The sudden rise in the company’s profit has also raised concerns regarding its sustainability in the highly competitive market.
The issue price of the Susan Electrical India Ltd. has been priced assertively based on its recent financial performance. However, the GMP trend displays a strong participation in the IPO listing.
Overall, Susan Electrical India IPO plans to expand its manufacturing units and working capital requirements based on its improving financial performance and overall growth. However, investors should consider the risk involved and evaluate the company’s fundamentals and valuations before investing.
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FAQs
Susan Electricals India IPO is a book-built issue worth ₹70.38 crore. The IPO comprises a fresh issue of 47.42 lakh shares aggregating to ₹60.22 crore and an offer for sale of 8.00 lakh shares aggregating to ₹10.16 crore.
Investors can apply for the Susan Electricals India IPO through the ASBA facility available with their bank account or through supported stockbroking platforms that provide UPI-based IPO applications.
The attractiveness of the IPO depends on an investor’s risk appetite, investment horizon, and assessment of the company’s financial performance, valuation, growth prospects, and industry outlook. Investors should review the prospectus carefully before making an investment decision.
The returns from the IPO cannot be predicted with certainty. While grey market trends may indicate market sentiment, actual returns will depend on the company’s listing performance and future business growth.
The Susan Electricals India IPO bid opens from June 11, 2026 and closes on June 15, 2026.
The lot size of Susan Electricals India Ltd. is 1000 shares in each lot. Investors are required to issue for a minimum of 2 lots i.e., 2000 shares.
