Susan Electricals India Limited
Bookbuilding IPO · BSE
- Price band
- ₹120 - ₹127
- Lot size
- 1,000 shares
- Issue amount
- ₹70.38 cr
- Total subscription
- 216.76×
- Opens
- 11 Jun 2026
- Closes
- 15 Jun 2026
- Allotment
- 16 Jun 2026
- Listing
- 18 Jun 2026
Offer at a glance
Issue overview
- Issue size
- 55,42,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹60.22 cr
- Offer for sale
- ₹10.16 cr
- Registrar
- Mudra RTA Ventures Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,20,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,55,88,795
- Shares after issue
- 2,03,30,795
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,000 | ₹2,54,000 |
| sHNI | 3 | 3,000 | ₹3,81,000 |
| bHNI | 8 | 8,000 | ₹10,16,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 15 Jun 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 129 |
| NIB | 0 | 42,453 |
| RETAIL | 890 | 1,84,725 |
| EMPLOYEES | 0 | 0 |
| HNIs(10L +) | 170 | 31,854 |
| HNIs (2-10L) | 85 | 19,539 |
| Shareholder | 0 | 0 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 12.9 | 1,840.7 |
| FIIs | 0 | 246.42 |
| Mutual Funds | 0 | 3.67 |
| Others | 0 | 1,283.55 |
| RETAIL | 22.61 | 4,692.02 |
| HNIs 2+ | 3.24 | 744.4 |
| HNIs 10+ | 6.48 | 2,525.83 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 11.96 | 5.71 | 1.11 |
| ROE | 64.64 | 46.72 | 15.92 |
| ROCE | 29.05 | 17.46 | 9.47 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 10.85 | 0 | 0 |
| POST IPO(PE) | 14.15 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Susan Electricals India Limited | 0 | 127.00 | 10.00 | 0 | 47.72 | 11.96 |
| Prime Cable Industries Limited | 16.77 | 112.00 | 5.00 | 0 | 20.14 | 6.86 |
| Divine Power Energy Limited | 46.35 | 502.00 | 10.00 | 0 | 20.69 | 10.83 |
| V-Marc India Limited | 27.90 | 1143.00 | 10.00 | 0 | 34.56 | 40.97 |
Company information
Company profile
Established in 2007, Susan Electricals India Ltd. manufactures aluminium and copper-based winding wires, conductors, and power cables in different sizes and specifications. Its products are widely used in transformers, motors, alternators, and power distribution systems, including overhead networks and LT and HT cables. The company mainly serves customers like government electricity distribution companies, infrastructure and EPC firms, and businesses in the electrical sector. Apart from manufacturing, it also trades aluminium wires and rods used as raw materials and offers job work services for processing winding wires. The company runs three manufacturing units in Ghaziabad, Uttar Pradesh, and supplies its products across multiple states in India. As of 31 January 2026, it has around 193 permanent employees.
Strengths
- Diverse Product Portfolio: Manufactures winding wires, conductors, and LT/HT power cables for multiple applications
- Strong Customer Base: Supplies to DISCOMs, EPC players, and infrastructure companies ensuring steady demand
- Established Manufacturing Setup: Operates 3 facilities in Ghaziabad with wide distribution across 7 states
Risk factors
- Geographical Concentration: Manufacturing units are limited to a single location (Ghaziabad)
- Dependence on Government Clients: High reliance on DISCOMs and infrastructure projects may impact revenue stability
- Commodity Price Risk: Business is exposed to fluctuations in aluminium and copper prices
Promoters
Vishal Jain
Mahak Jain
Registrar & documents
Lead manager
Seren Capital Private Limited
Registrar & contacts
Mudra RTA Ventures Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
1703, Nirmal Tower, 26, Barakhamba Road, Connaught Plaza New Delhi, New Delhi, 110001
0120-4331296
[email protected]Company website ↗Understanding SUSAN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.