IPO details · Updated
Susan Electricals India Limited
- Price Band
- ₹120 – ₹127
- Lot Size
- 1,000 shares
- Min. Investment
- ₹1,27,000
- Issue Size
- ₹70.38 Cr
- Offer Dates
- 11 Jun – 15 Jun 2026
- Listing
- 18 Jun 2026
Issue Details
- Total Issue Size
- ₹70.38 Cr
- 55,42,000 shares
- Fresh Issue
- ₹60.22 Cr
- 47,42,000 shares
- Offer for Sale
- ₹10.16 Cr
- 8,00,000 shares
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 1,55,88,795
- Shares Post-Issue
- 2,03,30,795
IPO Timeline
Offer opens
11 Jun 2026
Offer closes
15 Jun 2026
Allotment
16 Jun 2026
Listing
18 Jun 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor27.5%15,23,000 shares
- QIB18.3%10,16,000 shares
- HNI13.8%7,65,000 shares
- Retail32.1%17,80,000 shares
- MarketMaker8.3%4,58,000 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 10,16,000 | 14,49,32,400 | 142.65x |
| NII | 7,65,000 | 25,70,40,000 | 336.00x |
| Retail | 17,80,000 | 36,94,56,800 | 207.56x |
| Total | 35,61,000 | 77,14,29,200 | 216.63x |
Lot Size & Investment
1 lot = 1,000 shares
Retail (min)
2 lots · 2,000 shares
Retail (max)
2 lots · 2,000 shares
S-HNI (min)
3 lots · 3,000 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 2,000 | ₹2,54,000 |
| Small HNI (S-HNI) | 3 | 3,000 | ₹3,81,000 |
| Big HNI (B-HNI) | 8 | 8,000 | ₹10,16,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| 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 | 3.64 |
| Net Worth | 38.48 | 17.98 | 6.21 |
| Reserves & Surplus | 22.89 | 12.96 | 3.23 |
| Total Borrowing | 66.72 | 45.27 | 24.79 |
Key Performance Indicators
| Period | Mar-26 |
|---|---|
| ROE (%) | 64.64 |
| ROCE (%) | 29.05 |
| EPS (₹) | 11.7 |
| P/E (pre-issue) | 10.85 |
| P/E (post-issue) | 14.15 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Prime Cable Industries | 16.77 | 20.14% |
| Divine Power Energy | 46.35 | 20.69% |
| V-Marc India | 27.9 | 34.56% |
About Susan Electricals India Limited
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.
Objects of the Issue
- Funding of Capital expenditure towards Expansion of existing Manufacturing Facility situated at Plot No.18/31, Sahibabad, Ghaziabad, Uttar Pradesh (₹10.29 Cr)
- Funding of Working Capital Requirements (₹33.00 Cr)
- General corporate purposes (₹8.94 Cr)
- Issue Expenses (₹9.33 Cr)
Promoters
- Vishal Jain
- Mahak Jain
Company Information
- Book running lead managers
- Seren Capital Pvt.Ltd.
- Registered office
- 1703, Nirmal Tower, 26, Barakhamba Road, Connaught Plaza, New Delhi, New Delhi, 110001
- Market maker
- Mansi Share & Stock Broking Pvt.Ltd.
Official Documents
Opens the source filing in a new tab
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