Susan Electricals India Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 7.31x | 1,016,000 | 7,429,000 | ₹13 Cr |
| NII (HNI) | 21.91x | 765,000 | 16,762,000 | ₹10 Cr |
| Retail | 19.16x | 1,780,000 | 34,098,000 | ₹23 Cr |
| Market Maker | — | 458,000 | — | ₹6 Cr |
| Σ Total | 16.37x | 3,561,000 | 58,289,000 | ₹45 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹127,000 |
| Retail (Max) | 13 | 13,000 | ₹1,651,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,778,000 |
| B-HNI (Min) | 67 | 67,000 | ₹8,509,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 270 | 136 | 104 |
| EBITDA | 32 | 12 | 4 |
| Profit After Tax | 18 | 6 | 1 |
| Net Worth | 38 | 18 | 6 |
| Total Assets | 130 | 74 | 38 |
| Reserves & Surplus | 23 | 13 | 3 |
| Total Borrowing | 67 | 45 | 25 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding of Capital expenditure towards Expansion of existing Manufacturing Facility situated at Plot No.18/31, Sahibabad, Ghaziabad, Uttar Pradesh – 10.29
- Funding of Working Capital Requirements – 33.00
- General corporate purposes –
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 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.
The company also manufactures power cables, including low tension (LT) cables such as PVC and XLPE insulated cables (up to 1.1 kV), including Low Tension Aerial Bunched (LT AB) cables, and high tension (HT) cables used in higher-grade power distribution systems.
Its customers primarily include state-owned electricity distribution utilities (DISCOMs), infrastructure and EPC companies, and businesses operating in the electrical wires, cables, and conductors segment.
In addition to manufacturing activities, the company undertakes trading of aluminium wires and rods used as key raw materials and also provides job work services related to the processing of winding wires and strips.
The company operates three manufacturing facilities in Ghaziabad, Uttar Pradesh, located at Site-IV Industrial Area, Sahibabad, and SSGT Road. During Fiscal 2026, it sold its products across 7 states in India, including Uttar Pradesh, Jharkhand, Madhya Pradesh, and Karnataka.
As of April 30, 2026, the company had 216 permanent employees.
Competitive 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.