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Susan Electricals India IPO Details

Bookbuilding IPO | ₹70 Cr | Listing 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 opens for subscription on Jun 11, 2026 and closes on Jun 15, 2026. The allotment for the Susan Electricals India IPO is expected to be finalized on Jun 16, 2026. Susan Electricals India IPO will list on the BSE SME with a tentative listing date fixed as Jun 18, 2026.

Susan Electricals India IPO is set issue price band at ₹120 to ₹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.

Refer to Susan Electricals India IPO RHP for detailed Information.

IPO Open

Thu, Jun 11, 2026

IPO Close

Mon, Jun 15, 2026

Price Band

₹120 to ₹127

Market Cap (Pre-IPO)

₹258.20 Cr

IPO Details

IPO Date

11 to 15 Jun, 2026
Listing Date

Thu, Jun 18, 2026T
Face Value

₹10 per share
Price Band

₹120 to ₹127
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 (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

IPO Timetable (Tentative)

IPO Open

Thu, Jun 11, 2026
Allotment

Tue, Jun 16, 2026
Credit of Shares

Wed, Jun 17, 2026

IPO Close

Mon, Jun 15, 2026
Refund

Wed, Jun 17, 2026
Listing

Thu, Jun 18, 2026

Issue Reservation

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%

IPO Lot Size

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

IPO Subscription Details

About Susan Electricals India Ltd.

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:

Multi-state vendor registrations and approvals with DISCOMs.
Strong access to government and utility tender opportunities.
Well-positioned to benefit from RDSS and rural electrification projects.
Established technical capabilities and quality compliance standards.
Wide geographic presence supporting scalable business growth.

Company Financials (Restated)

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

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Prime Cable Industries Ltd.	SME	₹40.04 Cr	₹83	₹78.30	-5.66%	₹109.90 (-4.43%)
JD Cables Ltd.	SME	₹95.99 Cr	₹152	₹157.90	+3.88%	₹197.75 (-3.89%)

IPO Objects of the Issue

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
Total

43.29

Key Performance Indicator (KPI)

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

Check IPO Peer Comparison here.

	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.

Vishal Jain and Mahak Jain are the company promoters.

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

IPO Registrar

Mudra RTA Ventures Private Limited

+919870297591
ipo@mudrarta.com
Visit Website

IPO Lead Manager(s)

Seren Capital Pvt.Ltd. (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Susan Electricals India Ltd. Address

1703, Nirmal Tower,

26, Barakhamba Road,

Connaught Plaza

New Delhi, New Delhi, 110001

0120-4331296
office@seil.net.in
Visit Website

IPO FAQs

What is the Susan Electricals India IPO?

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 ₹120 to ₹127. 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.

How to apply in Susan Electricals India IPO through Angel One?

Angel One customers can apply online in Susan Electricals India IPO using UPI as a payment gateway. Angel One customers can apply in Susan Electricals India IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Susan Electricals India IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Susan Electricals India IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When Susan Electricals India IPO will open?

The Susan Electricals India IPO opens on Thu, Jun 11, 2026 and closes on Mon, Jun 15, 2026.

What is the lot size of Susan Electricals India IPO?

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.

How to apply for Susan Electricals India IPO?

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 Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Susan Electricals India IPO allotment?

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.

When is Susan Electricals India IPO listing date ?

The Susan Electricals India IPO listing date is not yet announced. The tentative date of listing is Thu, Jun 18, 2026.