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Susan Electricals India IPO
Price Band
₹120.0–127.0
Issue Size
₹70.38 Cr
Lot Size
1,000 shares
Min Investment
₹254,000
2 LOTS MIN
GMP
+₹43.0 (33.86%)
Issue Price
₹127.0
Susan Electricals India IPO AI Summary
- Susan Electricals India IPO is listed on BSE SME in the Cables - Electricals sector.
- Price band: ₹120.0–₹127.0 per share, lot size 1,000 shares (min. investment ₹254,000, 2 lots minimum).
- Subscription window: 11 Jun–15 Jun 2026, listing on 18 Jun 2026.
- Current GMP is +₹43.0 (33.86%), an estimated listing price of ₹170 — unofficial and can change daily.
Susan Electricals India Ltd. is set to enter the market with an IPO priced at ₹127.0, aiming to raise ₹70.38 Cr. The company has shown significant revenue and profit growth over recent years, and the IPO has attracted substantial interest from investors across various categories.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
216.63x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
142.65x
|
143x 🔥 |
| NII (HNI) |
336.00x
|
336x 🔥 |
| ↳ bNII (>₹10L) |
389.07x
|
389x 🔥 |
| ↳ sNII (<₹10L) |
229.86x
|
230x 🔥 |
| Retail (RII) |
207.56x
|
208x 🔥 |
| Total | 216.63x | 216.63x |
Auto-updated every 5 min · As of 15th Jun 2026 18:56
Susan Electricals India IPO Grey Market Premium (GMP) Today
GMP
+₹43.0
GMP %
+33.86%
Est. Listing
₹170.0
Updated: 14 Jul 2026 15:51
About the Company
Susan Electricals India Ltd. manufactures a wide range of aluminium and copper-based electrical products, including winding wires, conductors, and power cables, available in different sizes, grades, and specifications. Its product offerings include winding wires and strips that are widely used in transformers, electric motors, alternators, coils, and other electrical applications. The company also produces aluminium stranded conductors that support overhead electricity transmission and distribution networks. The company’s cable portfolio comprises low-tension (LT) and high-tension (HT) power cables. These include PVC and XLPE insulated LT cables with voltage ratings up to 1.1 kV, along with LT Aerial Bunched (AB) cables and HT cables designed for advanced power distribution requirements. Susan Electricals primarily serves government-owned power distribution companies (DISCOMs), EPC contractors, infrastructure developers, and businesses operating within the electrical equipment and cable industry. Apart from its manufacturing operations, the company is involved in the trading of aluminium wires and rods used as essential raw materials. It also provides job-work services for the processing and conversion of winding wires and strips.
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| 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 | 12.00 | 3.64 |
| NET Worth | 38.48 | 17.98 | 6.21 |
| Reserves and Surplus | 22.89 | 12.96 | 3.23 |
| Total Borrowing | 66.72 | 45.27 | 24.79 |
Key Ratios
EPS
₹11.70
NAV
₹24.68
ROE
64.64%
ROCE
29.05%
RoNW
47.42%
P/B Value
5.15
P/E Ratio
10.85
Market Cap
₹258.20 Cr
PAT Margin
6.77%
Promoters
Vishal Jain and Mahak Jain
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of Capital expenditure towards Expansion of existing Manufacturing Facility situated at Plot No.18/31, Sahibabad, Ghaziabad, Uttar Pradesh 10.29 2 Funding of Working Capital Requirements 33.00 3 General corporate purposes 8.94 4 Issue Expenses 9.33 Total 61.57
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue was ₹103.59 Cr in the period ending 31 Mar 2024, increasing to ₹136.05 Cr by 31 Mar 2025, and further rising to ₹269.96 Cr by 31 Mar 2026.
Profit Trend
Profit After Tax was ₹0.76 Cr in the period ending 31 Mar 2024, growing to ₹5.65 Cr by 31 Mar 2025, and increasing to ₹18.25 Cr by 31 Mar 2026.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading in the grey market. A positive GMP suggests that the stock may list at a higher price than the issue price, while a negative GMP indicates the opposite.
Subscription Demand
The IPO was highly subscribed, with a total subscription of 216.63 times as of 15th June 2026. The breakdown shows significant interest from different categories: QIBs subscribed 142.65 times, NIIs (HNI) 336.0 times, and Retail investors 207.56 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, market conditions, and the company's growth potential.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid investing in IPOs like this, which can be more volatile and uncertain.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on 11th June 2026 and closes on 15th June 2026, with allotment scheduled for 16th June 2026 and listing on 18th June 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when the stock lists on the exchange. However, these gains are not guaranteed, and market conditions can lead to fluctuations in the stock price post-listing.
This evaluation is generated from Susan Electricals India's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Susan Electricals India IPO GMP today?
Susan Electricals India IPO GMP today is +₹43.0 (33.86%), indicating an estimated listing price of ₹170. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Susan Electricals India IPO?
The price band of Susan Electricals India IPO is ₹120.0–₹127.0 per share.
When does Susan Electricals India IPO open and close?
Susan Electricals India IPO opens on 11 June 2026 and closes on 15 June 2026.
When does Susan Electricals India IPO list on the stock exchange?
Susan Electricals India IPO listed on 18 June 2026 at ₹170.0.
What is the lot size for Susan Electricals India IPO?
The lot size for Susan Electricals India IPO is 1000 shares, requiring a minimum investment of ₹254,000 (2 lots).
What is the lot size for this IPO?
The lot size for Susan Electricals India IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required for this IPO is ₹254,000.
What is the price band for the IPO?
The price band for the Susan Electricals India IPO is ₹120.0 to ₹127.0.
When is the listing date?
The listing date for the IPO is scheduled for 18th June 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which a stock may list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
11 Jun 2026
Close
15 Jun 2026
Allotment
16 Jun 2026
Listing
18 Jun 2026
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