Bookbuilding IPO | ₹70 Cr | Listed at BSE SME | Thu, Jun 11, 2026 - Mon, Jun 15, 2026
Susan Electricals India IPO is a book build issue of ₹70.38 crores. The issue is a combination of fresh issue of 0.47 crore shares aggregating to ₹60.22 crores and offer for sale of 0.08 crore shares aggregating to ₹10.16 crores.
Susan Electricals India IPO bidding started from Jun 11, 2026 and ended on Jun 15, 2026. The allotment for Susan Electricals India IPO was finalized on Jun 16, 2026. The shares got listed on the BSE SME on Jun 18, 2026.
Susan Electricals India IPO is set final issue price at ₹127 per share. The lot size for an application is 1,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,54,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹3,81,000.
Seren Capital Pvt.Ltd. is the book running lead manager and Mudra RTA Ventures Private Limited is the registrar of the issue. The Market Maker of the company is Mansi Share & Stock Broking Pvt.Ltd.
Refer to Susan Electricals India IPO RHP for detailed Information.
IPO Open
Thu, Jun 11, 2026
IPO Close
Mon, Jun 15, 2026
Issue Price
₹127 per share
Market Cap (Pre-IPO)
₹258.20 Cr
| IPO Date | 11 to 15 Jun, 2026 |
| Listed on | Thu, Jun 18, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹120 to ₹127 |
| Issue Price | ₹127 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 55,42,000 shares (agg. up to ₹70 Cr) |
| Reserved for Market Maker | 4,58,000 shares Mansi Share & Stock Broking Pvt.Ltd. (agg. up to ₹6 Cr) |
| Fresh Issue (Ex Market Maker) | 42,84,000 shares (agg. up to ₹54 Cr) |
| Offer for Sale | 8,00,000 shares of ₹10 (agg. up to ₹10 Cr) |
| Net Offered to Public | 50,84,000 shares (agg. up to ₹65 Cr) |
| Share Holding Pre Issue | 1,55,88,795 shares |
| Share Holding Post Issue | 2,03,30,795 shares |
| BSE Script Code | 544793 |
| ISIN | INE2L0V01019 |
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 | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 25,39,000 | 49.94% | 45.81% |
| − Anchor Investor Shares Offered | 15,23,000 | 27.48% | |
| − QIB (Ex. Anchor) Shares Offered | 10,16,000 | 18.33% | |
| NII (HNI) Shares Offered | 7,65,000 | 15.05% | 13.80% |
| − bNII > ₹10L | 5,10,000 | 9.20% | |
| − sNII < ₹10L | 2,55,000 | 4.60% | |
| Retail Shares Offered | 17,80,000 | 35.01% | 32.12% |
| Firm Reservations | |||
| Market Maker Shares Offered | 4,58,000 | 8.26% | |
| Total Shares Offered | 55,42,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,000 | ₹2,54,000 |
| Individual investors (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 raises ₹19.34 crore from anchor investors. Susan Electricals India IPO Anchor bid date is June 10, 2026.
| Bid Date | Wed, Jun 10, 2026 |
| Shares Offered | 15,23,000 |
| Anchor Portion (₹ Cr.) | 19.34 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jul 16, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Sep 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:
Susan Electricals India Ltd.'s revenue increased by 98% and profit after tax (PAT) rose by 223% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 130.05 | 73.68 | 38.08 |
| Total Income | 269.96 | 136.05 | 103.59 |
| Profit After Tax | 18.25 | 5.65 | 0.76 |
| EBITDA | 32.08 | 12.00 | 3.64 |
| NET Worth | 38.48 | 17.98 | 6.21 |
| Reserves and Surplus | 22.89 | 12.96 | 3.23 |
| Total Borrowing | 66.72 | 45.27 | 24.79 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Systematic Industries Ltd. | SME | ₹115.60 Cr | ₹195 | 17.75 | ₹196.45 | +0.74% | ₹193.55 (+0.16%) |
| Prime Cable Industries Ltd. | SME | ₹40.04 Cr | ₹83 | 15.6 | ₹78.30 | -5.66% | ₹179.55 (-5.00%) |
| JD Cables Ltd. | SME | ₹95.99 Cr | ₹152 | 11.66 | ₹157.90 | +3.88% | ₹239.80 (-2.48%) |
| Bhadora Industries Ltd. | SME | ₹55.62 Cr | ₹103 | 12.6 | ₹105.95 | +2.86% | ₹89.75 (-0.88%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Capital expenditure towards Expansion of existing Manufacturing Facility situated at Plot No.18/31, Sahibabad, Ghaziabad, Uttar Pradesh | 10.29 |
| 2 | Funding of Working Capital Requirements | 33.00 |
| 3 | General corporate purposes | 8.94 |
| 4 | Issue Expenses | 9.33 |
| Total | 61.57 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 64.64% |
| ROCE | 29.05% |
| RoNW | 47.42% |
| PAT Margin | 6.77% |
| EBITDA Margin | 11.91% |
| Price to Book Value | 5.15 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.70 | 8.97 |
| P/E (x) | 10.85 | 14.15 |
| Promoter Holding | 92.47% | 66.97% |
| Market Cap | ₹258.20 Cr. |
The Susan Electricals India IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| Total | 151.37 | 50,84,000 | 76,95,58,000 | 2,26,697 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees (including underwriting commission, marketing and selling fees) | 8.45 |
| 2 | Fees Payable to Registrar to the Issue | 0.06 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.12 |
| 4 | Fees Payable to Regulators including Stock Exchanges, CDSL and NSDL | 0.28 |
| 5 | Fees Payable to Statutory Auditor, Legal Advisors, and other Professionals including Chartered Engineer, Independent Chartered Accountant, Practicing Company Secretary, Industry Report | 0.34 |
| 6 | Others (Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Issue and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs) | 0.07 |
| Total | 9.33 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹127.00 |
| Open | ₹186.00 |
| Low | ₹180.60 |
| High | ₹195.30 |
| Last Trade | ₹195.30 |
Lead Manager Reports
Susan Electricals India IPO is a SME IPO of 55,42,000 equity shares of the face value of ₹10 aggregating up to ₹70 Crores. The issue is priced at ₹127 per share. The minimum order quantity is 1000.
The IPO opens on Thu, Jun 11, 2026, and closes on Mon, Jun 15, 2026.
Mudra RTA Ventures Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Susan Electricals India IPO using UPI as a payment gateway. Zerodha customers can apply in Susan Electricals India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Susan Electricals India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Susan Electricals India IPO opens on Thu, Jun 11, 2026 and closes on Mon, Jun 15, 2026.
Susan Electricals India IPO lot size is 1000, and the minimum amount required for application is ₹2,54,000, with 2 lots being the minimum application size.
You can apply in Susan Electricals India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Susan Electricals India IPO will be done on Tuesday, June 16, 2026, and the allotted shares will be credited to your demat account by Wed, Jun 17, 2026. Check the Susan Electricals India IPO allotment status.
The Susan Electricals India IPO listing date is on Thu, Jun 18, 2026.
