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.
IPO GMP
+₹43
+33.86% expected gain
Price Band
₹120 - ₹127
Lot Size
2000 shares
Min Investment
₹2,54,000
Listing Date
June 18, 2026
About Susan Electricals
Company overview, business, and key facts.
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.
Headquarters
New Delhi
Promoters
Vishal Jain, Mahak Jain
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Review: Neutral
Risks
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Susan Electricals IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Revenue growth, 2026
+98.4%
51.5% a year over the period
Profit growth, 2026
+223%
257.3% a year over the period
Profit margin (PAT)
6.8%
EBITDA margin 11.91%
ROE / ROCE
64.64% / 29.05%
As published in the offer document
Debt to equity
1.73
Issue mix
85.6% fresh / 14.4% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹86,000
2000 shares on ₹2,54,000. GMP is unofficial.
What stands out
- Profit grew 223% in 2026.
Watch-outs
- Leverage: debt to equity is 1.73.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: GMP history (fewer than 3 data points), post-IPO share count (market cap and P/E not computable), published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Susan Electricals's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Susan Electricals IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Susan Electricals IPO is trading at a grey market premium (GMP) of +₹43 (+33.86% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 191.07x overall — QIB: 142.65x, NII: 210.44x, Retail: 205.39x.
Susan Electricals IPO subscription has closed. The shares are expected to list on June 18, 2026.
The minimum investment required is ₹2,54,000 for 2000 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Review: Neutral.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Susan Electricals IPO — Frequently Asked Questions
What is Susan Electricals IPO GMP today?
Susan Electricals IPO GMP (grey market premium) today is +₹43, suggesting an estimated listing gain of +33.86%. GMP is indicative and subject to change.
What is the price band of Susan Electricals IPO?
The price band for Susan Electricals IPO is ₹120 - ₹127 with a lot size of 2000 shares. The minimum investment required is ₹2,54,000.
When is Susan Electricals IPO allotment date?
Susan Electricals IPO allotment is expected to be finalised on June 16, 2026. You can check your allotment status on the registrar's website (Mudra RTA Ventures Private Limited) using your PAN number.
When will Susan Electricals IPO list on NSE/BSE?
Susan Electricals IPO is expected to list on BSE SME on June 18, 2026.
How to check Susan Electricals IPO allotment status?
To check Susan Electricals IPO allotment status, visit the registrar's website (Mudra RTA Ventures Private Limited) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Susan Electricals IPO?
Susan Electricals IPO is showing a strong GMP of +₹43 (+33.86%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.
What is the lot size of Susan Electricals IPO?
The lot size for Susan Electricals IPO is 2000 shares per lot. The minimum investment for retail investors is ₹2,54,000. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.