Susan Electricals India was incorporated on December 10, 2007. The company manufactures aluminium and copper-based electrical winding wires, conductors, and cables in various specifications, sizes, and configurations. Its product portfolio includes LT and HT cables, aluminium and copper winding wires and strips, and aluminium conductors designed to meet prescribed industry standards
| Bidding Dates |
|---|
| 11 Jun 2026 - 15 Jun 2026 |
| Subscription |
|---|
| 139.28x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,40,000 | 2 | 2 | 1000 | 5.5 M | ₹120 - ₹127 | 66.97 % | ₹665.0 M - ₹703.8 M | RHP DOC |
Susan Electricals IPO SUBSCRIPTION STATUS
15 Jun '26Susan Electricals IPO overall subscription rate was 139.28 times the total available shares
Susan Electricals IPO retail subscription rate was 190.47 times in the retail segment
Susan Electricals IPO non-institutional investor subscription rate was 309.75 times in the non-institutional investor category
Susan Electricals IPO Qualified Institutional Bidder subscription rate was 52.3 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
15 Jun 2026 (Day 3) | 190.47x | 309.75x | 52.3x |
12 Jun 2026 (Day 2) | 17.58x | 20.71x | 2.68x |
11 Jun 2026 (Day 1) | 4.4x | 5.84x | 2.57x |
Susan Electricals FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 269.4 | 18.2 | -9.7 | -13.9 | 11.9% |
| FY25 | 135.7 | 5.7 | -18.4 | -19.8 | 8.8% |
| FY24 | 103.5 | 0.8 | -5.5 | -9.5 | 3.5% |
Susan Electricals IPO SUBSCRIPTION STATUS DETAILS
Susan Electricals had 5.5 M shares on offer
Susan Electricals IPO offer price was in the range ₹120 - ₹127
Susan Electricals IPO minimum Investment was ₹240000
Susan Electricals IPO issue size was ₹ 665.0 M - ₹ 703.8 M
Susan Electricals had a minimum lot size of 1000 Shares per application
Susan Electricals NUMBER OF SHARES ON OFFER
Susan Electricals IPO IMPORTANT DATES
| Issue Open Date | 11 Jun 2026 |
| Issue close Date | 15 Jun 2026 |
| Allotment Date | 16 Jun 2026 |
| Refund Date | 17 Jun 2026 |
| Demat Account Credit Date | 17 Jun 2026 |
| Listing Date | 18 Jun 2026 |
| Listing on Exchange(s) | BSE |
| Susan Electricals Allotment Status | Exchange/ Registrar |
Susan Electricals IPO subscription opened on 11 Jun 2026, and closed on 15 Jun 2026
IPO allotment for Susan Electricals was finalized on Tuesday, 16 Jun 2026
IPO listing for Susan Electricals was on BSE on Thursday, 18 Jun 2026
Susan Electricals IPO LISTING GAINS
| Issue Price (adjusted) | 127.0 |
| Listing Open Price | 186.0 |
| Listing Close Price | 195.3 |
| Listing Gain% | 46.5% |
| Current Gain% | 83.0% |
Susan Electricals Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Susan Electricals India Ltd. | 232.4 | 472.5 | 25.9 | 0.1 | 1.8 | 47.4 | 14 | 270 | 98.4 | 18.2 | 222.9 | 9 | 222.9 |
| Polycab India Ltd. | 9218 | 138893.7 | 48.5 | 1.7 | 4.5 | 22.2 | 13 | 29120 | 28.8 | 2672 | 32.3 | 190.1 | 29.2 |
| KEI Industries Ltd. | 5600 | 53536.3 | 53.7 | 1.6 | 4.3 | 13.8 | 10.2 | 11906.3 | 21.4 | 918.4 | 31.9 | 104.3 | 34.4 |
| R R Kabel Ltd. | 2759.5 | 31211.5 | 51.4 | 0.6 | 2.9 | 19.1 | 10.6 | 9778.8 | 27.5 | 492.2 | 58 | 53.7 | 80.3 |
| Finolex Cables Ltd. | 1024.6 | 15670.9 | 22 | 11.9 | 2.5 | 11.7 | 10.2 | 6486.6 | 17.6 | 713.7 | 1.8 | 46.7 | 1.8 |
| Universal Cables Ltd. | 1411.2 | 4896.2 | 24.4 | 0.3 | 1.5 | 8.9 | 3.8 | 3051 | 25.5 | 163.1 | 82.5 | 57.7 | 71.7 |
Susan Electricals INFORMATION ON IPO ISSUE
About Susan Electricals
Susan Electricals India was incorporated on December 10, 2007. The company manufactures aluminium and copper-based electrical winding wires, conductors, and cables in various specifications, sizes, and configurations. Its product portfolio includes LT and HT cables, aluminium and copper winding wires and strips, and aluminium conductors designed to meet prescribed industry standards
Object of the Issue
- Funding of capital expenditure towards expansion of existing manufacturing facility situated in Ghaziabad, Uttar Pradesh
- Funding of working capital requirements
- General corporate purposes
Susan Electricals - PROMOTERS
| Name |
|---|
| Vishal Jain |
| Mahak Jain |
Susan Electricals - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Vishal Jain | Chairman & Managing Director |
| Vinod Kumar Pujari | Whole Time Director |
| Lalit Sharma | Whole-time director |
| Manoj Kumar | Non-executive Director |
| Sushil Kumar Poddar | Independent Director |
| Sonal Jain | Independent Director |
Susan Electricals Book Running Lead Manager
Seren Capital Private Limited
info@serencapital.in
Susan Electricals Registrar to the Offer
Mudra RTA Ventures Private Limited
ipo@mudrarta.com
Susan Electricals Strengths
Vendor registrations & approvals
The company has obtained vendor registrations with multiple state-owned power distribution utilities (DISCOMs) under various central and state government electrification schemes, enabling participation in cable and wire supply tenders directly or through EPC contractors. Ongoing electrification initiatives such as RDSS and Saubhagya 2.0 continue to drive demand for its products, providing strong medium- to long-term growth opportunities for organized manufacturers
In-house manufacturing facilities
The company operates three in-house manufacturing facilities in Ghaziabad, Uttar Pradesh, equipped with the machinery and infrastructure required to produce winding wires, cables, and conductors. Two facilities are located in the Sahibabad Industrial Area, while the third is situated on SSGT Road, supporting its integrated manufacturing operations
Susan Electricals Risks
Quality & safety standards
The company’s winding wires, conductors, and cables must comply with stringent BIS standards, customer-specific specifications, and inspection requirements, particularly for supplies to DISCOMs. Any failure to meet quality, testing, or certification standards could result in product rejections, penalties, order cancellations, payment delays, or restrictions on manufacturing and supply operations
Operational risks
The company’s operations and workforce are exposed to occupational and operational hazards, including adverse weather events, equipment failures, workplace accidents, fires, and explosions, which may result in injuries, fatalities, property damage, or environmental harm. Such incidents could lead to regulatory actions, litigation, reputational damage, and adverse effects on its financial condition and operating performance
Labour intensive
The company operates in a labour-intensive industry and depends on the availability of skilled and unskilled workers for its manufacturing activities. Any labour shortages, strikes, work stoppages, or increased wage demands by its workforce or suppliers’ employees could disrupt operations, increase costs, and adversely affect its business and financial performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 10.2 crore, of 800,000 shares. It also consists of a fresh issue of Rs 60.2 crore.
The promoters of the company are Vishal Jain and Mahak Jain.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 120.0 - 127.0.
The IPO application opens on Jun 11, 2026 and closes on Jun 15, 2026.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 240,000.0, the maximum value for this IPO is Rs 254,000.0.
This IPO will be allotted on Jun 16, 2026.
The refund will be credited to your account on Jun 17, 2026.
The allotted shares will be credited to your demat on Jun 17, 2026.
Susan Electricals India Ltd.’s shares listed on the stock exchanges on Jun 18, 2026.