SME
IPO ·
BSE SME
Susan Electricals India Ltd
Listed
Incorporated in 2007, Susan Electricals India Ltd. is engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors, and power cables in various specifications, sizes, and configurations.
Issue details
Price band
₹120 – ₹127
Face value
₹10
Lot size
1,000 shares
Minimum investment
₹2,54,000
Issue size
₹70.38 Cr
Fresh issue
₹54.41 Cr
Offer for sale
₹10.16 Cr
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
11 Jun 2026
Closes
15 Jun 2026
UPI mandate cut-off
5:00 PM on 15 Jun 2026
Allotment
16 Jun 2026
Refunds
17 Jun 2026
Shares in demat
17 Jun 2026
Listing
18 Jun 2026
Subscription and listing
Subscription
151.37x
Listing price
₹186
Registrar
Mudra RTA Ventures Private Limited
Lead manager
Seren Capital
Subscription by category
Total
151.37x
Total applications
2,26,697
Anchor investors
Amount raised
₹19.34 Cr
Bid date
10 Jun 2026
50% lock-in ends
16 Jul 2026
Rest lock-in ends
14 Sep 2026
Listing day
Issue price
₹127
Open
₹186.00
High
₹195.30
Low
₹180.60
Day close
₹195.30
Listing gain at open
+46.46%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
25,39,000
45.81%
Anchor Investor Shares Offered
15,23,000
27.48%
QIB (Ex. Anchor) Shares Offered
10,16,000
18.33%
NII Shares Offered
7,65,000
13.80%
bNII > ₹10L
5,10,000
9.20%
sNII < ₹10L
2,55,000
4.60%
Retail Shares Offered
17,80,000
32.12%
Market Maker Shares Offered
4,58,000
8.26%
Total Shares Offered
55,42,000
100.00%
Finaccle’s quick read
Neutral
FY26 income up 98%, PAT up 223%, ROE 64.64%, post-issue P/E 14.15x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in 2007, Susan Electricals India Ltd. is engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors, and power cables in various specifications, sizes, and configurations. The company’s product portfolio includes winding wires and strips used in transformers, motors, alternators, coils, and other electrical equipment, as well as aluminium stranded conductors used in overhead power distribution networks.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
64.64%
ROCE
29.05%
Debt / equity
—
PAT margin
6.77%
P/E post issue
14.15
Market cap
₹258.20 Cr
Use of IPO money
Funding of Capital expenditure towards Expansion of existing Manufacturing Facility situated at Plot No.18/31, Sahibabad, Ghaziabad, Uttar Pradesh
₹10.29 Cr
Funding of Working Capital Requirements
₹33.00 Cr
General corporate purposes
₹8.94 Cr
Issue Expenses
₹9.33 Cr
Strengths
✓
: Multi-state vendor registrations and approvals with DISCOMs
✓
Strong access to government and utility tender opportunities
✓
Revenue up 98% in FY26 to ₹269.96 Cr
✓
PAT up 223% in FY26 to ₹18.25 Cr
✓
ROE of 64.64% and ROCE of 29.05%
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
!
Modest PAT margin of 6.77%
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.