Susan Electricals India IPO
Bookbuilding IPO | ₹70.00 Cr | Listing at BSE SME
Closed
IPO Open
Thu, Jun 11, 2026
IPO Close
Mon, Jun 15, 2026
Price Band
₹120.00 to ₹127.00
Market Cap (Pre-IPO)
₹258.20 Cr
IPO Details
| IPO Date | Jun 11, 2026 to Jun 15, 2026 |
| Listing Date | Tentative: Jun 18, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹120.00 to ₹127.00 |
| Lot Size | 1000 Shares (Minimum: ₹127,000.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹70.00 Crores |
| Total Shares Offered | 5,542,000 shares |
| Fresh Issue | 4,284,000 shares |
| Offer For Sale | 800,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 7.31x |
| NII | 21.91x |
| Total | 16.37x |
Susan Electricals India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 25,39,000 |
| Retail Shares Offered | 17,80,000 |
| NII Shares Offered | 7,65,000 |
Susan Electricals India IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹254,000 |
| Retail (Max) | 2 | 2,000 | ₹254,000 |
| S-HNI (Min) | 3 | 3,000 | ₹381,000 |
| S-HNI (Max) | 7 | 7,000 | ₹889,000 |
| B-HNI (Min) | 8 | 8,000 | ₹1,016,000 |
Susan Electricals India Financial Information (Restated Consolidated)
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 ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 64.64% |
| ROCE (Return on Capital Employed) | 29.05% |
| RoNW (Return on Net Worth) | 47.42% |
| PAT Margin (Profit After Tax Margin) | 6.77% |
| EBITDA Margin | 11.91% |
| Price to Book Value | 5.15 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 11.70 | 8.97 |
| P/E (x) | 10.85 | 14.15 |
| Promoter Holding | 92.47% | 66.97% |
Company Promoters
- Vishal Jain and Mahak Jain are the company promoters.
Company Overview
Susan Electricals India – Company Overview
- Incorporated in 2007, Susan Electricals India Ltd. is engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors, and power cables used in power transmission and distribution systems.
Core Segments
- Winding Wires & Strips
- Aluminium Conductors
- LT & HT Power Cables
- The company's product portfolio includes winding wires and strips used in transformers, motors, alternators, coils, and other electrical equipment, along with aluminium stranded conductors used in overhead power distribution networks.
- It also manufactures Low Tension (LT) cables, including PVC and XLPE insulated cables and LT Aerial Bunched (AB) Cables, as well as High Tension (HT) cables for power distribution applications.
- The company primarily caters to DISCOMs, EPC contractors, infrastructure companies, and businesses operating in the electrical wires and cables sector.
- In addition to manufacturing, Susan Electricals undertakes trading of aluminium wires and rods and provides job work services related to winding wires and strips.
- The company operates three manufacturing facilities in Ghaziabad, Uttar Pradesh.
- During FY 2026, it sold products across 7 Indian states, including Uttar Pradesh, Jharkhand, Madhya Pradesh, and Karnataka.
- As of April 30, 2026, the company had 216 permanent employees.
Company Strengths
- Multi-state vendor registrations and approvals with DISCOMs.
- Strong access to government and utility tender opportunities.
- Well-positioned to benefit from RDSS and rural electrification projects.
- Established technical capabilities and quality compliance standards.
- Wide geographic presence supporting scalable business growth.
Use of Proceeds
| 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 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Susan Electricals India IPO Peer Comparison
Susan Electricals India peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Susan Electricals India | 11.96 | 11.96 | 24.68 | - | 47.42 | - | - |
| Prime Cable Industries | 6.68 | 6.68 | 33.17 | 16.77 | 20.14 | 3.39 | - |
| Divine Power Energy | 10.83 | 10.83 | 51.71 | 46.35 | 20.69 | 9.84 | - |
| V-Marc India | 40.97 | 40.97 | 118.55 | 27.90 | 34.56 | 9.69 | - |
Quick Info
| Sector | Electrical Equipment and Machinery & Equipment |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹258.20 Cr |
Important Dates
| IPO Open | Jun 11, 2026 |
| IPO Close | Jun 15, 2026 |
| Allotment Date | Jun 16, 2026 |
| Credit to Demat | Jun 17, 2026 |
| Listing Date | Tentative: Jun 18, 2026 |
Lead Manager(s)
Seren Capital Pvt.Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹70.38 crores.
- Fresh Issue: 0.47 crore shares aggregating to ₹60.22 crores
- Offer for Sale (OFS): 0.08 crore shares aggregating to ₹10.16 crores
- IPO Dates: The issue opens on June 11, 2026 and closes on June 15, 2026.
- Allotment Date: Expected to be finalized on June 16, 2026.
- Listing Details: Shares are proposed to be listed on the SME platform of BSE Limited (BSE SME) with a tentative listing date of June 18, 2026.
- IPO Price Band: ₹120 to ₹127 per equity share.
- Lot Size: 1,000 shares per lot.
- Retail Investment Requirement: Minimum 2 lots (2,000 shares) amounting to approximately ₹2,54,000 (at the upper price band).
- HNI Investment Requirement: Minimum 3 lots (3,000 shares) totaling around ₹3,81,000.
This IPO offers investors an opportunity to participate in the electrical equipment and engineering sector, subject to market risks.