Susan Electricals India IPO
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Susan Electricals India IPO details
Schedule of Susan Electricals India
| Issue open date | 11 Jun 2026 |
| Issue close date | 15 Jun 2026 |
| UPI mandate deadline | 15 Jun 2026 (5 PM) |
| Allotment finalization | 16 Jun 2026 |
| Refund initiation | 17 Jun 2026 |
| Share credit | 17 Jun 2026 |
| Listing date | 18 Jun 2026 |
| Mandate end date | 30 Jun 2026 |
| Lock-in end date for anchor investors (50%) | 15 Jul 2026 |
| Lock-in end date for anchor investors (remaining) | 13 Sep 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Susan Electricals India
Susan Electricals India Limited is engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors and cables in various specifications, sizes and configurations. Its product portfolio includes low tension (LT) cables, LT aerial bunched (AB) cables, high tension (HT) cables, winding aluminium wires and strips, winding copper wires and strips, and aluminium conductors. The company primarily supplies its products to state-owned electricity distribution utilities (DISCOMs), infrastructure and EPC companies, and businesses operating in the electrical wires, cables and conductors segment. Its products are used in power distribution networks, transformer and motor winding applications, overhead distribution lines and underground cabling projects. Revenue is generated mainly through the manufacture and sale of these products. In addition, the company undertakes trading of aluminium wires and rods and provides job work services related to the processing of winding wires and strips for customers.
Financials of Susan Electricals India
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 70.38 |
| Fresh Issue – Proceeds go to the company | 60.22 |
| Offer for sale – Proceeds go to the existing investors | 10.16 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Expansion of existing manufacturing facility at Sahibabad, Uttar Pradesh | 7.72 (12.82%) |
| Funding working capital requirements | 33 (54.80%) |
| General corporate purposes | 20 (32.38%) |
Strengths
- Manufactures a diversified range of electrical wires, cables and conductors for multiple applications.
- Supplies products to DISCOMs, EPC contractors and private-sector customers across India.
- Holds BIS licenses and ISO certifications for quality, environmental and safety management systems.
- Has a geographically diversified customer base across several Indian states.
- Led by an experienced promoter with over two decades of industry experience.
Risks
- A significant portion of revenue depends on government-owned electricity distribution companies (DISCOMs).
- The business relies on winning and executing government and institutional tenders.
- Revenue is dependent on a limited number of customers, making customer concentration a risk.
- The company faces intense competition from existing and potential players in the industry.
- Failure to execute expansion and growth strategies could adversely affect business performance.
Allotment Status for Susan Electricals India
To check your IPO allotment status:
- Visit the Mudra RTA Ventures Private Limited page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Susan Electricals India
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on June 15, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 10.16 | 1449.38 | 142.65x |
| NII | 12.23 | 2574.98 | 210.55x |
| Retail | 17.80 | 3694.50 | 207.56x |
| Total | 40.19 | 7718.85 | 192.06x |