Susan Electricals Company Analysis IPO Details Future Prospects

Susan Electricals India Limited specializes in manufacturing a wide range of electrical wires and cables, including aluminium wires, copper winding wires, LT/HT cables, DPC wires, and AB cables. Its product portfolio is designed for power transmission, durability, and safety across multiple applications, while also emphasizing sustainability and environmentally responsible manufacturing practices.

Susan Electricals IPO open date is June 11, 2026 and the IPO will close on June 15, 2026. Susan Electricals IPO is a Bookbuilding Issue. The company to raise around ₹70.38 crores via IPO that comprises fresh issue of ₹60.22 crores and offer for sale up to 8,00,000 equity shares with face value of ₹10 each.

Susan Electricals IPO Details

Susan Electricals IPO Dates

Financials of Susan Electricals India

Strengths

• Produces a large variety of electrical wires, cables and conductors for many applications.
• DISCOMs, EPC contractors and private sector customers across India. Supplies to
• BIS has licenses and ISO certifications for quality, environmental and safety management systems.
• It has a geographically dispersed customer base across different states in India.
• Under the direction of a veteran promoter with over 20 years’ experience in the business

Risk Factors

• A significant portion of revenue depends on government owned electricity distribution companies (DISCOMs).
• The business is dependent on winning and delivering government and institutional tenders.
• Customer concentration is a risk as revenue depends on a limited number of customers.
• There is fierce competition from existing and potential competitors in the industry against the company.
• A poor execution of expansion and growth strategies could negatively affect business performance.

About Company

Susan Electricals India Limited was established in 2007 by Shri Vishal Jain with a vision to build a strong presence in India’s wire and cable manufacturing industry. Headquartered in the Delhi NCR region, the company operates multiple advanced manufacturing facilities in Ghaziabad, equipped with modern machinery and technology to produce high-quality electrical products for residential, commercial, and industrial use.

Product Portfolio

• Aluminium wires and strips
• Aluminium conductors
• Aerial Bunched (AB) cables
• LT (Low Tension) aluminium cables
• HT aluminium cables
• Winding copper wire and strips
• Multiple Paper Covered (MPC) copper wire
• DPC (Double Paper Covered) wires and strips
• Super enamel winding wires (copper & aluminium)
• LT PVC armoured aluminium cables
• LT unarmoured aluminium cables
• High Tension (HT) cables

Over the years, the company has expanded its production capabilities and strengthened its position in the electrical sector by focusing on innovation, quality control, and large-scale manufacturing efficiency. Its products are widely used in power distribution networks, industrial installations, infrastructure projects, and electrical equipment manufacturing, making it a key contributor to India’s growing energy and infrastructure demand.

Susan Electricals IPO GMP Day 1

Susan Electricals India Limited IPO is already creating some buzz in the grey market. The GMP has been moving up and down in early trading activity, with levels seen around a high of ₹41 on 11 June and a low of ₹15 on 9 June. This kind of movement usually shows that investors are still trying to judge demand and listing expectations.

The IPO is expected to open on 11 June 2026 as an SME issue, with a total fundraising target of about ₹70.38 crores. The price band is set between ₹120 to ₹127 per share, and the lot size is 2000 shares. Since SME IPOs often depend heavily on early subscription numbers, market response in the first few days will be important for future sentiment.

Susan Electricals IPO GMP Live Rates day by day.

Date	IPO GMP	GMP Trend	Gain
11 June	₹41		32.28%
10 June	₹25		19.69%
9 June	₹15		11.81%

Susan Electricals IPO Subscription Status

The subscription for the Susan Electricals India Limited IPO opened on 11 June 2026 and will remain open until 15 June 2026. The company aims to raise approximately ₹70.38 crore through the public issue, with the allocation reserved as 50% for QIBs, 15% for NIIs, and 35% for retail investors. The IPO is being offered in a price band of ₹120 to ₹127 per share.

Investors can apply for a minimum lot of 2,000 shares, requiring an investment of ₹2,54,000 at the upper price band. As an SME IPO, Susan Electricals is proposed to be listed on the BSE SME platform, and market participants will be closely monitoring subscription demand across all investor categories during the bidding period.

Susan Electricals IPO Subscription Status – Day 1

Susan Electricals IPO GMP Day 2

Susan Electricals India Limited IPO has started generating interest in the grey market, with GMP trends reflecting positive investor sentiment. The Grey Market Premium touched a high of ₹50 on 12 June 2026, while the lowest recorded GMP was ₹15 on 9 June 2026. The steady rise in GMP indicates that market participants are closely watching the issue and its potential listing performance.

The Susan Electricals IPO opened on 11 June 2026 and aims to raise approximately ₹70.38 crore through the SME platform. The IPO is priced in the range of ₹120 to ₹127 per share, with a minimum application size of 2,000 shares. As subscription numbers and investor demand continue to build, the grey market premium may remain an important indicator of overall market sentiment toward the issue.

Susan Electricals IPO GMP Live Rates day by day.

Date	IPO GMP	GMP Trend	Gain
12 June	₹50		39.37%
11 June	₹41		32.28%
10 June	₹25		19.69%
9 June	₹15		11.81%

Susan Electricals IPO Subscription Status – Day 2

Susan Electricals IPO Allotment

The Susan Electricals IPO allotment status is expected to be available on June 16, 2026 (Tuesday). The IPO subscription period ended on June 15, 2026 (Monday), and investors who applied for the issue can check their allotment status online once it is finalized by the registrar.

Applicants will be able to verify their allotment details using their application number, PAN, or Demat account information on the registrar’s website. Following the allotment process, successful applicants will receive shares in their Demat accounts, while refunds for unsuccessful bids will be initiated as per the IPO schedule.

On Registrar Website (Susan Electricals)

Step 1: Visit the Susan Electricals
Step 2: Select Susan Electricals IPO from the dropdown list
Step 3: Enter any one of the required details: PAN number, Application Number, or Demat Account Number
Step 4: Click on the “Search” button
Step 5: Your allotment status will be displayed on the screen

On NSE:

Go to the applications status page on NSE
Choose the ‘Click here to sign up’ option and complete the registration process using your PAN details.
Enter your username, password, and captcha code on the subsequent page.
Once logged in, navigate to the designated section to check the IPO allotment status.

On BSE:

Go to the applications status page on BSE
In the ‘Issue Type’ section, opt for ‘Equity’ and pick the Adisoft Technologies Ltd IPO from the dropdown menu labelled ‘Issue Name’.
Enter either your PAN or application number, then click the ‘Submit’ button.

FAQs

1. What does Susan Electricals India Limited manufacture?

Susan Electricals manufactures electrical wires, cables, conductors, and winding wires for industrial, commercial, and power distribution applications.

2. When was Susan Electricals India Limited established?

Susan Electricals India Limited was established in 2007 by Shri Vishal Jain.

3. When will Susan Electricals IPO open and close?

The IPO opens on June 11, 2026, and closes on June 15, 2026.

4. What is the price band of Susan Electricals IPO?

The IPO price band is fixed at ₹120 to ₹127 per share.

5. How much is Susan Electricals planning to raise through the IPO?

The company plans to raise approximately ₹70.38 crore through the IPO.

6. What is the lot size of Susan Electricals IPO?

The minimum application size is 2,000 equity shares.

7. On which exchange will Susan Electricals IPO be listed?

The IPO is proposed to be listed on the BSE SME platform.