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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹70.38 Cr |
| Reserved for Market Maker | ₹5.82 Cr |
| Net Issue Size | ₹70.38 Cr |
| Fresh Issue | ₹54.41 Cr |
| Offer for Sale | ₹10.16 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹120.00-127.00 per share |
| BSE Code | 544793 |
| Registrar | Mudra RTA Ventures Private... |
| Lead Managers | Seren Capital Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
Minimum bid: 2,000 shares · Multiples of 1,000 shares
Susan Electricals India IPO comprises a total issue size of 55,42,000 shares. The net offer to the public is 50,84,000 shares, after excluding 4,58,000 shares allotted on a firm basis. Of the Net offer 25,39,000 (49.94%) are allocated to QIB, 7,65,000 (15.05%) allocated to NII 17,80,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 25,39,000 | 49.94% | 45.81% |
| − Anchor Investor Shares Offered | 15,23,000 | 27.48% | |
| − QIB (Ex. Anchor) Shares Offered | 10,16,000 | 18.33% | |
| NII (HNI) Shares Offered | 7,65,000 | 15.05% | 13.80% |
| − bNII > ₹10L | 5,10,000 | 9.20% | |
| − sNII < ₹10L | 2,55,000 | 4.60% | |
| Retail Shares Offered | 17,80,000 | 35.01% | 32.12% |
| Firm Reservations | |||
| Market Maker Shares Offered | 4,58,000 | 8.26% | |
| Total Shares Offered | 55,42,000 | 100.00% | 100.00% |
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.
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 | |
| Total | 43.29 |
Susan Electricals India Ltd.'s revenue increased by 98% and profit after tax (PAT) rose by 223% between the financial year ending with March 31, 2026 and March 31, 2025.
| 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 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 64.64% |
| ROCE | 29.05% |
| RoNW | 47.42% |
| PAT Margin | 6.77% |
| EBITDA Margin | 11.91% |
| Price to Book Value | 5.15 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 11.70 | 8.97 |
| P/E (x) | 10.85 | 14.15 |
| Promoter Holding | 92.47% | 66.97% |
| Market Cap | ₹258.20 Cr. | |
