Susan Electricals IPO Allotment Status: How to Check If You Got Shares, Understand the Refund Process and Track Your Listing

The Susan Electricals IPO allotment process is underway following the close of the subscription window. The Susan Electricals IPO raised Rs 70.38 crore through a combination of a fresh issue and an Offer for Sale at an upper price band of Rs 127 per share. The IPO received strong subscription, with 7.81x oversubscription observed by 11 AM on Day 2, led by QIB participation of 7.01x. The Susan Electricals IPO allotment is determined through a computer-based random lottery for retail investors when the category is oversubscribed, meaning every applicant has an equal chance of receiving 1 lot (2,000 shares) of allotment. Here is a complete guide on how to check your Susan Electricals IPO allotment and Susan Electricals IPO allotment status.

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How to Check Susan Electricals IPO Allotment Status

Step	How to Check	Details
BSE Website	Visit nseindia.com or bseindia.com > Investor Services > IPO Allotment Status	Enter PAN number and select Susan Electricals India IPO to see allotment
Registrar Website	Visit Mudra RTA Ventures Pvt Ltd website	Enter application number, PAN, or demat account number for allotment status
Broker App	Log in to Zerodha, Groww, Angel One, Upstox, 5Paisa app	Go to IPO section and check Susan Electricals allotment status
Email Notification	Check your registered email for allotment intimation	Registrar sends allotment notification emails after basis of allotment is finalised
Demat Account	Check your demat account for credited shares	Shares are credited to your demat account post allotment; check your demat statement

Susan Electricals IPO Key Details

IPO Detail	Value
Company	Susan Electricals India Limited
Exchange	BSE SME
Price Band	Rs 120-127 per share (upper band Rs 127)
Issue Size	Rs 70.38 crore
Min retail application	2 lots = 2,000 shares = Rs 2,54,000
Subscription (Day 2 by 11 AM)	7.81x overall (QIB 7.01x, Retail 2.84x, NII 2.38x)
Registrar	Mudra RTA Ventures Private Limited
Allotment process	Computer-based random lottery for retail (if oversubscribed)
Partial allotment	Not applicable in retail lottery , either 1 lot allotted or nil
Refund timeline	Unallotted amounts refunded to bank account after allotment
Share credit timeline	Allotted shares credited to demat account after allotment
Promoters	Vishal Jain and Mahak Jain
Business	Winding wires, conductors, power cables for DISCOMs

What to Do After Getting Susan Electricals IPO Allotment

If you receive Susan Electricals IPO allotment, your shares will be credited to your demat account after allotment. The stock will list on BSE SME on June 18, 2026. On listing day, you can choose to: sell on listing to book the grey market implied gain (estimated 23-48% based on GMP during subscription); or hold for the medium term if you believe in the company’s DISCOM-focused electrical components business. Note that BSE SME stocks often trade at lower liquidity than mainboard stocks and may have wider bid-ask spreads, so consider this when deciding listing day strategy. For long-term investors, the key question is whether the company’s DISCOM customer base provides revenue visibility for 3-5 years as India’s power distribution infrastructure expands.

What Happens if Allotment Is Not Received

If your Susan Electricals IPO allotment is not successful, your unblocked Susan Electricals IPO allotment application amount (Rs 2,54,000 for retail investors applying for the minimum 2 lots) will be unblocked through the ASBA/UPI system and returned to your bank account. No charges or fees are deducted for unsuccessful IPO applications. The refund is typically processed after the basis of allotment is finalised. Investors who did not get allotment can still buy Susan Electricals shares in the secondary market on BSE SME after listing on June 18, but at the market price which reflects the listing premium.

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Conclusion

Check your Susan Electricals IPO allotment status on the BSE website, registrar Mudra RTA Ventures, or your broker app. Issue price Rs 127. Listing on BSE SME June 18. Track all IPO allotments live on Univest.

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Frequently Asked Questions

How to check Susan Electricals IPO allotment status?

Ans. To check Susan Electricals IPO allotment status: visit the BSE website (www.bseindia.com), navigate to Investor Services and then IPO allotment status, and enter your PAN number. You can also check through the registrar Mudra RTA Ventures Private Limited’s website using your application number, PAN, or demat account number. Most major brokers (Zerodha, Groww, Angel One, Upstox, 5Paisa) also show allotment status in their IPO section. Check your registered email for an allotment intimation email from the registrar as well.

What happens if you do not get Susan Electricals IPO allotment?

Ans. If you did not get allotment in the Susan Electricals India IPO, the blocked amount in your bank account (Rs 2,54,000 for retail investors who applied for the minimum 2 lots of 2,000 shares) will be unblocked and refunded. For ASBA applicants, the bank unblocks the funds and credits them back to your bank account. For UPI-based applicants, the refund is processed through the UPI payment system. The refund process typically completes within the defined timeline after allotment. No application fee or processing charge is deducted if you do not receive allotment.

How is the allotment decided in Susan Electricals IPO?

Ans. For retail investors in the Susan Electricals India IPO, allotment is done through a computer-based random lottery system if the retail category is oversubscribed. In the lottery system, every retail applicant has an equal chance of receiving allotment of 1 lot (the minimum lot size for retail). The lottery is based on lots, not on the number of shares or the application amount , whether you applied for 2 lots or 5 lots, you are treated the same way in the retail lottery (you may be allotted 1 lot or 0 lots). For NII (HNI) investors who bid for more than Rs 2 lakh, allotment is proportionate.

What are the promoters’ details of Susan Electricals India?

Ans. The promoters of Susan Electricals India Limited are Vishal Jain and Mahak Jain. The company was incorporated and built under their leadership, operating from three manufacturing facilities in Ghaziabad, Uttar Pradesh. The company manufactures aluminium and copper-based electrical winding wires, conductors, and power cables primarily for state electricity distribution companies (DISCOMs). The company had 216 permanent employees as of April 30, 2026. Revenue grew from Rs 103.59 crore in FY24 to Rs 136.05 crore in FY25 (+31%), with PAT growing from Rs 0.76 crore to Rs 5.65 crore (+643%).