Susan Electricals India IPO GMP today is Rs 59. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
SUSAN
Susan Electricals India IPO GMP, Subscription & Allotment Status Today
Susan Electricals India is a SME IPO with a price band of Rs 120.00 to Rs 127.00 that listed on 18 Jun 2026 at a listing gain of +46.46%. Track its full GMP history, subscription data and listing details here.
- Price Band
- ₹120.00 - ₹127.00
- Lot Size
- 1,000 Shares
- Bidding Closes
- 15 Jun 2026
- Listing Date
- 18 Jun 2026
Current GMP Status
₹59
+46.46% vs upper band
Est. Listing Gain
+46.46%
Last Trend
15 Jun 2026
Listing Price
₹186.00
Retail Entry
₹2,54,000
IPO Details
Complete IPO information
| Current GMP | ₹59 |
|---|---|
| Estimated Listing Gain | +46.46% |
| Price Band | ₹120.00 - ₹127.00 |
| Issue Price | Approx ₹127.00 Crores |
| Listing Price | ₹186.00 |
| Lot Size | 1,000 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | 16.37x |
| Listing Date | 18 Jun 2026 |
| Minimum Investment | ₹2,54,000 |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Susan Electricals India is priced at ₹127 per share. With a minimum lot size of 1,000 shares, a retail investor applying for one lot would need approximately ₹2,54,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Susan Electricals India stands at ₹59, implying an estimated listing gain of around 46.46% over the issue price if it holds until listing. This is up ₹11 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Susan Electricals India's IPO was subscribed 16.37x overall, with a category-wise breakdown of Retail 19.16x, QIB 7.31x.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
11 Jun 2026
✓
Bidding Closes
15 Jun 2026
✓
Allotment
TBA
✓
Listing
18 Jun 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 15 Jun 2026 | ₹64.00 | +₹11.00 | 50.39% |
| 12 Jun 2026 | ₹53.00 | - | 41.73% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,000 | ₹2,54,000 |
| Retail Maximum | 2 Lot | 2,000 | ₹2,54,000 |
| S-HNI Minimum | 3 Lot | 3,000 | ₹3,81,000 |
| S-HNI Maximum | 7 Lot | 7,000 | ₹8,89,000 |
| B-HNI Minimum | 8 Lot | 8,000 | ₹10,16,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
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 |
Analysis
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% |
Analysis
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 |
Analysis
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 |
Analysis
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% |
Analysis
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 | ₹- |
Analysis
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.
Analysis
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 |
Analysis
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 |
Analysis
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. |
Analysis
IPO Lead Managers aka Merchant Bankers
- Seren Capital Pvt.Ltd.
FAQ
Susan Electricals India IPO FAQs
Susan Electricals India IPO price band is Rs 120.00 to Rs 127.00. Check the latest issue price, lot size and GMP together before applying.
Susan Electricals India IPO open date is 11 Jun 2026, close date is 15 Jun 2026, and listing date is 18 Jun 2026.
Susan Electricals India IPO lot size is 1,000 shares. The minimum retail investment is Rs 2,54,000.
Susan Electricals India is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Susan Electricals India IPO subscription status currently shows Retail 19.16x, QIB 7.31x, Overall 16.37x.
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