Susan Electricals India
Table of Contents
- 01 IPO Description
- 02 IPO Parameters
- 03 IPO Roadmap
- 04 GMP History
- 05Susan Electricals India IPO Market Lot
- 06 Susan Electricals IPO Details
- 07 Susan Electricals IPO Reservation
- 08 Susan Electricals IPO Anchor Investors
- 09 Susan Electricals IPO Dates
- 10 Promoters and Holding Pattern
- 11 Objects of the Issue & Utilisation of Proceeds
- 12 About Susan Electricals IPO
- 13 Susan Electricals IPO Company Financial Report
- 14 Susan Electricals IPO Valuation – FY2026
- 15 Peer Group Comparison
- 16 IPO Lead Managers aka Merchant Bankers
IPO PARAMETERS
IPO ROADMAP
Grey Market Premium HISTORY
| Date | GMP (₹) | Daily Change | Gain (%) |
|---|---|---|---|
| 15 Jun 2026 | ₹64.00 | +₹11.00 | 50.39% |
| 12 Jun 2026 | ₹53.00 | - | 41.73% |
Susan Electricals India IPO MARKET LOT
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | ₹254,000 |
| Retail Maximum | 2 | 2,000 | ₹254,000 |
| S-HNI Minimum | 3 | 3,000 | ₹381,000 |
| S-HNI Maximum | 7 | 7,000 | ₹889,000 |
| B-HNI Minimum | 8 | 8,000 | ₹1,016,000 |
Susan Electricals IPO DETAILS
| Particulars | Details |
|---|---|
| IPO Open Date | June 11, 2026 |
| IPO Close Date | June 15, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹120 to ₹127 Per Share |
| Issue Size | Approx ₹70.38 Crores |
| Fresh Issue | Approx ₹60.22 Crores |
| Offer for Sale (OFS) | Approx 8,00,000 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
Susan Electricals IPO RESERVATION
| Investor Category | Share Offered | Shares (%) |
|---|---|---|
| Anchor Investor | 15,23,000 Shares | 27.48% |
| QIB (Ex. Anchor) | 10,16,000 Shares | 18.33% |
| NII Shares Offered | 7,65,000 Shares | 13.80% |
| Retail Shares Offered | 17,80,000 Shares | 32.12% |
Susan Electricals IPO Anchor INVESTORS
Susan Electricals IPO has reserved a portion of the issue for anchor investors. The anchor bidding process is scheduled before the IPO opening date and eligible institutional investors can participate through the anchor book.
| Particulars | Details |
|---|---|
| Anchor Bidding Date | June 10, 2026 |
| Anchor Investors List | |
| Shares Offered | 15,23,000 Shares |
| Anchor Size | ₹[.] Cr. |
| Lock-in Period End Date (50% Shares - 30 Days) | 2026 |
| Lock-in Period End Date (Remaining 50% Shares - 90 Days) | 2026 |
Susan Electricals IPO DATES
The Susan Electricals IPO will open for subscription on June 11, 2026 and close on June 15, 2026. The basis of allotment is expected to be finalized on June 16, 2026. Refunds and credit of shares to Demat accounts are scheduled for June 17, 2026, while the IPO is proposed to be listed on the BSE SME platform on June 18, 2026.
| Event | Date |
|---|---|
| IPO Open Date | June 11, 2026 |
| IPO Close Date | June 15, 2026 |
| Basis of Allotment | June 16, 2026 |
| Refunds | June 17, 2026 |
| Credit to Demat Account | June 17, 2026 |
| IPO Listing Date | June 18, 2026 |
| IPO Bidding Cut-off Time | June 15, 2026 – 5 PM |
Promoters and Holding PATTERN
The promoters of Susan Electricals are Vishal Jain and Mahak Jain. The table below shows the promoter shareholding before and after the public issue.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,55,88,795 | 92.47% |
| Promoter Holding Post Issue | 2,03,30,795 | 66.97% |
Objects of the Issue & Utilisation of PROCEEDS
Susan Electricals plans to utilize the net proceeds from the IPO towards expanding its existing manufacturing facility in Sahibabad, Ghaziabad, meeting working capital requirements, and supporting general corporate purposes.
| Purpose | Amount |
|---|---|
| Funding of Capital Expenditure Towards Expansion of Existing Manufacturing Facility Situated at Plot No. 18/31, Sahibabad, Ghaziabad, Uttar Pradesh | ₹7.72 Cr. |
| Funding of Working Capital Requirements | ₹33.00 Cr. |
| General Corporate Purpose | ₹- |
About Susan Electricals IPO
Since its establishment in 2007, Susan Electricals India has been a leading manufacturer of aluminium and copper-based electrical winding wires, conductors, and power cables. They manufacture winding wires and strips used in transformers, motors, alternators, coils, and other electrical equipment, as well as aluminium stranded conductors for overhead power distribution networks.
The firm makes power cables, including Low Tension (LT) Cables, PVC insulated cables, XLPE insulated cables, LT Aerial Bunched (AB) cables, and High Tension (HT) Cables in diverse specifications and sizes. Its clients are infrastructure, EPC companies, and businesses that operate in the electrical wires, cables, and conductors sectors. Its manufacturing facility is situated in Ghaziabad. While in FY25, the firm sold its products across 7 states, including Uttar Pradesh, Jharkhand, Madhya Pradesh, and Karnataka.
Susan Electricals IPO Company Financial REPORT
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹77.56 | ₹77.00 | ₹0.40 | ₹33.58 |
| 2024 | ₹103.59 | ₹102.50 | ₹0.76 | ₹38.08 |
| 2025 | ₹136.05 | ₹128.21 | ₹5.65 | ₹73.68 |
| 2026 | ₹269.96 | ₹245.34 | ₹18.25 | ₹130.05 |
Susan Electricals IPO Valuation – FY2026
Check Susan Electricals IPO valuation details including Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), ROE, ROCE, EBITDA Margin, PAT Margin, and Debt-to-Equity Ratio for FY2026.
| KPI | Values |
|---|---|
| ROE | 64.64% |
| ROCE | 29.05% |
| EBITDA Margin | 11.91% |
| PAT Margin | 6.77% |
| Debt to Equity Ratio | 1.73 |
| Earning Per Share (EPS) | ₹11.96 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 47.42% |
| Net Asset Value (NAV) | ₹24.68 |
Peer Group COMPARISON
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| Prime Cable Industries Limited | 6.68 | 16.77 | 20.14 | 33.17 | ₹235.81 Cr. |
| Divine Power Energy Limited | 10.83 | 46.35 | 20.69 | 51.71 | ₹627.48 Cr. |
| V-Marc India Limited | 40.97 | 27.90 | 34.56 | 118.55 | ₹1,800.48 Cr. |
IPO Lead Managers aka Merchant BANKERS
- Seren Capital Pvt.Ltd.