June 08, 2026
6 mins read
Susan Electricals India Ltd. manufactures aluminium and copper-based electrical winding wires, conductors and power cables for power distribution and electrical equipment applications. The Susan Electricals India IPO opens on 11 June 2026 and closes on 15 June 2026. The issue comprises 55,42,000 equity shares with an aggregate issue size of up to ₹70.38 crore and is offered at a price band of ₹120 to ₹127 per share. The shares are proposed to be listed on the BSE SME platform. The IPO proceeds are intended to support the expansion of an existing manufacturing facility, meet working capital requirements and fulfil general corporate purposes. Investors can apply through the ASBA process or an eligible trading platform after reviewing the offer documents and applicable eligibility conditions.
Susan Electricals India Ltd. is engaged in the manufacture of aluminium and copper-based electrical winding wires, conductors and power cables used across power distribution and electrical equipment applications. Its product portfolio includes winding wires and strips for transformers, motors, alternators and coils, along with low tension and high tension cables manufactured in different specifications. The company also undertakes trading of aluminium wires and rods and provides job work services related to winding wires and strips. The company serves customers such as electricity distribution utilities, infrastructure and EPC companies, and businesses operating in the electrical wires, cables and conductors segment. It operates manufacturing facilities in Ghaziabad, Uttar Pradesh, and supplies products to multiple states across India. Through its manufacturing and trading activities, the company participates in the domestic electrical equipment and power distribution supply chain.
Investors who wish to apply for the IPO can do so through the Application Supported by Blocked Amount (ASBA) facility available via eligible banks or through their registered stockbroking and trading platforms that support IPO applications. Before applying, applicants should ensure that they have a valid PAN, demat account and bank account linked for the ASBA process, and should review the offer document and eligibility requirements. After logging into the relevant platform, investors can select the IPO, enter the preferred bid details within the permitted price band, specify the quantity of shares and submit the application. The application amount is blocked in the bank account until the allotment process is completed. Applicants should verify all details carefully before submission and monitor updates on allotment, refunds where applicable and listing.
For more details, visit the Susan Electricals India IPO page.
Details | Information |
IPO Date | June 11, 2026 to June 15, 2026 |
Issue Size | 55,42,000 shares (agg. up to ₹70.38 Cr) |
Price Band | ₹120 to ₹127 per share |
Lot Size | 1,000 shares |
Listing At | BSE SME |
Funding of capital expenditure towards expansion of an existing manufacturing facility situated at plot no.18/31, Sahibabad, Ghaziabad, Uttar Pradesh
Funding of working capital requirements
General corporate purposes
Event | Date |
|---|---|
IPO Open Date | Thu, Jun 11, 2026 |
IPO Close Date | Mon, Jun 15, 2026 |
Tentative Allotment | Tue, Jun 16, 2026 |
Initiation of Refunds | Wed, Jun 17, 2026 |
Credit of Shares to Demat | Wed, Jun 17, 2026 |
Tentative Listing Date | Thu, Jun 18, 2026 |
Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jun 15, 2026 |
₹120 to ₹127 per share
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 |
The Susan Electricals India IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Access your trading account using the trading platform.
Go to the IPO section to view active IPO listings.
Locate Susan Electricals India IPO in the list of available IPOs and click the ‘Apply’ button.
Specify the number of shares (lot size: 1,000 shares) at the price band of ₹120 to ₹127 per share.
Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Submit the application and monitor the allotment status to check if shares have been allocated to you.
The allocation of shares in the Susan Electricals India IPO is structured across investor categories in line with applicable regulatory requirements. The issue provides defined reservations for qualified institutional buyers, non-institutional investors, and retail individual investors, with each category allotted a specified proportion of the net issue. This allocation framework outlines how the shares offered are distributed among different classes of investors.
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% |
This structure reflects the allocation approach as disclosed in the issue documents, indicating the proportion of shares available to each investor category.
Total Assets: Grew from ₹73.68 crore in FY25 to ₹130.05 crore as of March 2026.
Total Income: Recorded at ₹269.96 crore in March 2026, as compared to ₹136.05 crore in FY25.
Profit After Tax (PAT): Reported at ₹18.25 crore in March 2026, and ₹5.65 crore in FY25.
Net Worth: Recorded at ₹38.48 crore in March 2026 compared to ₹17.98 crore in FY25.
Reserves & Surplus: Stood at ₹22.89 crore in March 2026, as compared to ₹12.96 crore in FY25.
Total Borrowings: Stood at ₹66.72 crore in March 2026, as compared to ₹45.27 crore in FY25.
EBITDA: Stood at ₹32.08 crore in March 2026 in comparison to ₹12.00 crore in FY25.
The company reported growth in its asset base during the latest financial period, reflecting an expansion in the scale of its operations.
Income increased over the previous financial year, indicating higher business activity across its operations.
Profit after tax was higher than the corresponding figure in the earlier period, showing an improvement in reported earnings.
Net worth strengthened during the period, supported by changes in the company’s financial position.
Reserves and surplus also increased, reflecting additions to retained earnings over time.
Borrowings were higher compared with the previous financial year, indicating greater utilisation of debt funding within the capital structure.
Operating earnings, as measured by EBITDA, were above the level reported in the earlier period.
The overall financial performance reflects changes across revenue generation, profitability and balance sheet items during the reported periods.
Future business performance may be influenced by market conditions, customer demand, raw material availability, project execution and other operational factors.
The company’s operations may be affected by fluctuations in raw material availability, input costs, customer demand and project execution timelines, which could influence financial performance.
The business has reported an increase in borrowings, and future performance may depend on its ability to manage debt obligations alongside operational and expansion requirements.
The proposed utilisation of IPO proceeds for expanding the existing manufacturing facility and meeting working capital requirements may support the company’s operational capacity and business activities.
The company manufactures a range of electrical products and serves electricity distribution utilities, infrastructure and EPC companies across multiple states, providing exposure to different segments within the domestic power and electrical equipment supply chain.
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 |
Registrar | Lead Manager(s) |
|---|---|
Mudra RTA Ventures Private Limited | Seren Capital Pvt. Ltd. |
1703, Nirmal Tower,
26, Barakhamba Road,
Connaught Plaza,
New Delhi, New Delhi, 110001
Phone: 0120-4331296
Email: office@seil.net.in
Website: https://seil.net.in/
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your Susan Electricals India IPO allotment status.
Vishal Jain is the Chairman and Managing Director of Susan Electricals India Ltd.
The Susan Electricals India IPO is scheduled to open for subscription on 11 June 2026 and close on 15 June 2026, as per the issue timetable disclosed in the offer documents. Applicants should complete the application process within this subscription window and comply with the applicable cut-off timings.
Susan Electricals India Ltd. manufactures aluminium and copper-based electrical winding wires, conductors and power cables used in power distribution and electrical equipment applications. It also undertakes trading of aluminium wires and rods and provides related job work services. The long-term sustainability of the business may depend on factors such as customer demand, infrastructure spending, raw material availability, operational efficiency and regulatory developments.
The IPO comprises 55,42,000 equity shares with an aggregate issue size of up to ₹70.38 crore, according to the offer documents. Investors should review the final prospectus for the complete details of the issue structure.
The pre-apply facility allows eligible investors to submit their IPO application before the issue officially opens. The application is generally processed when the subscription period begins, subject to the procedures and timelines of the relevant platform and applicable regulations.
The IPO has a lot size of 1,000 shares. For the retail category, the disclosed minimum application size is 2 lots, equivalent to 2,000 shares, subject to the terms specified in the offer documents and applicable regulations.
The tentative basis of allotment for the Susan Electricals India IPO is scheduled for 16 June 2026. The actual allotment process will be carried out in accordance with the issue timetable and regulatory requirements.
Mudra RTA Ventures Private Limited has been appointed as the registrar to the Susan Electricals India IPO. The registrar is responsible for activities related to the allotment process, refunds where applicable and investor-related records associated with the issue.
There are no publicly stated governance issues or red flags highlighted. Investors may review the offer documents, including sections on management, board composition, and risk factors, for detailed and verified disclosures.
Investors can apply for the IPO through the ASBA facility available with eligible banks or through a trading platform that supports IPO applications. The process generally involves logging into the platform, selecting the IPO, entering the bid details and quantity, completing the payment authorisation, reviewing the information and submitting the application before the closing date.
Yes, a valid Demat account is generally required to apply for the Susan Electricals India IPO, as allotted shares are credited electronically. Applicants should also have a PAN and an eligible bank account to complete the application process.
After the basis of allotment is finalised, applicants can check their allotment status through the registrar’s designated portal or through the platform used to submit the application. If shares are allotted, they are credited to the applicant’s Demat account, while any applicable release or refund of blocked funds is processed in accordance with the prescribed procedures.
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Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited
This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing.
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