Susan Electricals India
18 Jun '26SME
Min. Investment
₹2,40,000
Issue size
₹70.38 Cr
GMP
Locked
Overall subscription: 4.38x
Expert verdict
IPO dates
11 Jun
Opening
15 Jun
Closing
18 Jun
Listing
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2000 | ₹2,54,000 |
Subscription (as on 11 June 2026, 11:21 AM)
Overall4.38x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2007|MD: Mr. Vishal Jain
- Susan Electricals India Limited, incorporated in 2007, is a manufacturer of aluminium and copper-based electrical winding wires, conductors, and cables used across power distribution and electrical infrastructure applications. The company’s product portfolio includes low tension (LT) cables, LT aerial bunched (AB) cables, high tension (HT) cables, winding aluminium and copper wires and strips, and aluminium conductors manufactured according to prescribed industry specifications.
- The company primarily caters to state-owned electricity distribution utilities (DISCOMs), EPC contractors, infrastructure companies, and participants in the electrical wires and cables industry. Its products are used in power distribution networks, transformer and motor winding applications, overhead transmission lines, and underground cabling projects. The company also undertakes trading of aluminium wires and rods, and provides job work services related to processing winding wires and strips.
- Susan Electricals operates three manufacturing facilities located in Ghaziabad, Uttar Pradesh. The company is ISO 9001:2015 certified for quality management, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety management, reflecting its focus on quality, operational efficiency, and compliance with industry standards.
- Use of proceeds:
- The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:
- Funding of capital expenditure towards expansion of existing manufacturing facility situated at Plot No. 18/31, Sahibabad, Ghaziabad, Uttar Pradesh — Rs 10.29 crore
- Funding of working capital requirements — Rs 33 crore
- General corporate purposes
Issue Details & Objective
Lot size
1000 Shares
Price band
₹120 to 127
Face value
₹10 per share
Financials
IPO reservation
Anchor investor - 27.48%
QIB - 18.33%
HNI - 13.80%
Retail - 32.12%
Download DRHP (IPO Doc)FAQs
Should I apply for the Susan Electricals India IPO?
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
What is the issue size of Susan Electricals India IPO?
The issue size of Susan Electricals India IPO is ₹70.38 Cr
What are the open and close dates for Susan Electricals India IPO?
The Susan Electricals India IPO will be open for applications from 11 Jun '26 to 15 Jun '26
What is the lot size and minimum order quantity of Susan Electricals India IPO?
The lot size of Susan Electricals India IPO is 1000 Shares and its minimum investment amount is ₹2,40,000.
What is the GMP value of Susan Electricals India IPO?
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Susan Electricals India IPO is 31.50
