Susan Electricals IPO GMP on Day 3 of Subscription Holds at Rs 30 — Estimated Listing Price Rs 157 and Subscription Running Strong Through June 15 Last Day

The Susan Electricals IPO grey market premium (GMP) held at approximately Rs 30 on Day 3 of subscription (June 13, 2026), up from Rs 25 on Day 2 and Rs 18 at opening on Day 1. Based on the upper price band of Rs 127, this Day 3 GMP of Rs 30 implies an estimated listing price of Rs 157 for the BSE SME debut on June 18, 2026 , a potential gain of 23.6% for successful allottees. The Susan Electricals IPO subscription window closes TODAY, June 15, 2026 (the final day). Investors who have not yet applied must place their bids by 5 PM today. Allotment is expected to be finalised on June 16. The Susan Electricals IPO company, a Ghaziabad-based winding wire maker, has drawn strong early demand with 7.81x subscription by 11 AM on Day 2, led by QIB participation of 7.01x on the second day itself.

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Susan Electricals IPO: Key Details

Parameter	Value
Company	Susan Electricals India Limited
Exchange	BSE SME
Issue Size	Rs 70.38 crore (Fresh Rs 60.22 Cr + OFS Rs 10.16 Cr)
Price Band	Rs 120-127 per share
GMP Day 3 (June 13)	Rs 30
Estimated Listing Price	Rs 157 (Rs 127 + Rs 30)
Estimated Listing Gain	~23.6% over issue price
GMP Day 1 (June 11)	~Rs 18
GMP Day 2 (June 12)	Rs 25
Subscription window	June 11-15, 2026 (LAST DAY: June 15, today)
Subscription status	7.81x by Day 2 Day 11 AM; expected higher by Day 3 close
Min bid (retail)	2 lots = 2,000 shares = Rs 2,54,000 at upper band
Allotment	June 16, 2026
Listing	June 18, 2026 (BSE SME)
Registrar	Mudra RTA Ventures Private Limited
Business	Winding wires, conductors, power cables , DISCOM customers

Why the Susan Electricals IPO GMP Is Rising

The rising Susan Electricals IPO GMP from Rs 18 (Day 1) to Rs 30 (Day 3) reflects multiple positive factors. First, QIB subscription building to 7.01x by Day 2 morning signals strong institutional demand, which historically correlates with good listing performance. Second, the sector is attractive: Susan Electricals supplies to DISCOMs (electricity distribution companies), which are among the most secure customers in India’s power value chain as they are state government utilities. Third, India’s ongoing Rs 3.03 lakh crore RDSS (Revamped Distribution Sector Scheme) is driving significant capital expenditure on distribution infrastructure, directly benefiting winding wire and cable manufacturers like Susan Electricals. Fourth, the 643% profit growth in FY25 suggests operating leverage is kicking in at scale.

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Conclusion

Susan Electricals IPO GMP at Rs 30 on Day 3 implies estimated listing of Rs 157 (+23.6%). TODAY June 15 is the LAST DAY to apply. Allotment June 16. Listing June 18 on BSE SME. Track live on Univest.

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Frequently Asked Questions

What is the Susan Electricals IPO GMP on Day 3?

Ans. The Susan Electricals IPO grey market premium (GMP) on Day 3 of subscription (June 13, 2026) is approximately Rs 30. Based on the upper price band of Rs 127, a GMP of Rs 30 implies an estimated listing price of Rs 157, representing a potential gain of approximately 23.6% for successful allottees when the stock lists on BSE SME on June 18. This Susan Electricals IPO GMP trajectory indicates solid demand. The GMP has been trending upward: Rs 18 on Day 1 (June 11), Rs 25 on Day 2 (June 12), Rs 30 on Day 3 (June 13). A rising GMP through the subscription window indicates strengthening grey market confidence as QIB and HNI subscription builds.

Who is Susan Electricals India and what does the company make?

Ans. Susan Electricals India Limited is a Ghaziabad-based manufacturer of electrical winding wires, conductors, and power cables. The company’s main products include aluminium and copper-based electrical winding wires (used in transformers, motors, alternators), aluminium stranded conductors (used in overhead power distribution networks), and power cables including LT PVC insulated cables, XLPE cables, Aerial Bunched Cables (ABC), and High Tension cables. State-owned electricity distribution companies (DISCOMs) are the primary customers, along with EPC and infrastructure companies. The company operates three manufacturing facilities in Ghaziabad, Uttar Pradesh.

What are the Susan Electricals IPO financials?

Ans. Susan Electricals India reported revenue of Rs 136.05 crore in FY25, a growth of 31.3% from Rs 103.59 crore in FY24. Net profit after tax grew sharply from Rs 0.76 crore in FY24 to Rs 5.65 crore in FY25, a 643% increase, driven by improved product mix and operating leverage. The IPO is priced at Rs 120-127, valuing the company at approximately Rs 320-335 crore at the upper price band. On a trailing FY25 basis, the P/E is approximately 56-60x, which is elevated for a winding wire manufacturer. The strong GMP suggests market participants are looking through the current valuation to expected forward growth.

What is the subscription status of Susan Electricals IPO?

Ans. Susan Electricals IPO was subscribed 7.81 times overall by 11 AM on Day 2 (June 12), with QIB category subscribed 7.01x, retail investors 2.84x, and NII (HNI) 2.38x. By Day 3 close (June 13) and through the final Day 5 (June 15, today being the last day to apply), subscription is expected to have risen significantly, particularly in the QIB and HNI categories which tend to build up on Days 3-5. The strong Day 2 subscription and rising GMP from Rs 18 to Rs 30 suggest total subscription could be well above 10x when the window closes today.