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SUSAN · BSE · Electrical Equipment
Susan Electricals India IPO listed on 18 Jun 2026 on BSE at ₹186.00, a gain of 46.46% over the issue price of ₹127.00. The IPO was subscribed 216.63x overall.
Susan Electricals India IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 11 Jun 2026 |
| IPO Close Date | 15 Jun 2026 |
| Basis of Allotment | 16 Jun 2026 |
| Initiation of Refunds | 17 Jun 2026 |
| Credit of Shares to Demat | 17 Jun 2026 |
| Listing Date | 18 Jun 2026 |
Listing day gain
+46.46%
Listed at ₹186 (issue ₹127)
Issue
₹127
Listing
₹186
Current
₹195.3
+53.78% vs issue
Day range
₹180.6 – ₹195.3
Issue Size
5,542,000 shares
(aggregating up to ₹70.00 Cr)
Issue Price
₹120 – ₹127
Face Value
₹10/share
Market Lot
1,000 shares
Retail Min Investment
₹254,000
Listing At
BSE
Sale Type
both
Fresh Issue
4,284,000 shares
(aggregating up to ₹54 Cr)
Offer for Sale
800,000 shares
(aggregating up to ₹10 Cr)
Reserved for Market Maker
458,000 shares
(aggregating up to ₹6.00 Cr)
Issue Type
book building
Open Date
11 Jun
Close Date
15 Jun
Allotment
16 Jun
Listing
18 Jun
Last updated: 3 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 17 Jun 2026 Latest | ₹127 | ₹45 | ₹172 | ₹45 |
35.43%
|
9:10 PM |
| 16 Jun 2026 | ₹127 | ₹43 | ₹170 | ₹43 |
33.86%
|
11:42 AM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 15 Jun 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 142.65x | - |
| NII | 336x | - |
| bNII (bids above ₹10L) | 389.07x | - |
| sNII (bids below ₹10L) | 229.86x | - |
| Individual Investors | 207.56x | - |
| Total | 216.63x | - |
Showing the latest subscription snapshot.
View full subscription historyVishal Jain and Mahak Jain are the promoters of the Company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | 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 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| NII (HNI) Shares Offered | 765,000 (13.80%) |
| Individual Investors Shares Offered | 1,780,000 (32.12%) |
| Market Maker Shares Offered | 458,000 (8.26%) |
| QIB Shares Offered | 2,539,000 (45.82%) |
| Total Shares Offered | 5,542,000 (100.00%) |
Established in 2007 by Vishal Jain, Susan Electricals India Limited has evolved over nearly two decades into a prominent manufacturer within the nation's heavy engineering, wire, and power cable ecosystem. Headquartered in the Delhi NCR region, the enterprise has grown from its initial roots in basic commercial electrical insulation into a critical structural provider for India's rapidly modernizing industrial and civil infrastructure segments.
The core competitive advantage of Susan Electricals relies on its highly specialized and diversified product framework. Across its automated production hubs in Sahibabad and Ghaziabad, Uttar Pradesh, the company designs and delivers a comprehensive portfolio of low-tension (LT) armoured and unarmoured cables, aerial bunched conductors, multiple paper covered (MPC) strips, and specialized winding wires built out of high-purity copper and aluminium. These engineered solutions directly serve vital energy distribution grids, transformers, and industrial machinery operations requiring strict compliance with national safety benchmarks.
Financially, the company has established strong scaling momentum, with total revenues crossing ₹137 crore in Fiscal 2025 alongside a highly robust net profit performance. Having recently converted into a public limited entity, Susan Electricals India Limited is launching its initial public offering (IPO) on the BSE SME platform. The fresh public capital is strategically earmarked to fund extensive factory expansions, update advanced machinery lines, and optimize working capital to accelerate its nationwide distribution.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 77.56 | 103.59 | 136.05 |
| Profit After Tax (PAT) | 0.4 | 0.76 | 5.65 |
| EBITDA | 1.8 | 3.64 | 12 |
| Total Assets | 33.58 | 38.08 | 73.68 |
| Net Worth | 3.28 | 6.21 | 17.98 |
| Reserves & Surplus | 1.03 | 3.23 | 12.96 |
| Total Borrowing | 14.71 | 24.79 | 45.27 |
Revenue & Profit Trend
The basis of allotment for Susan Electricals India IPO was finalised on 16 Jun 2026. You can check your allotment status using your PAN number or application number on the Mudra RTA Ventures Private Limited portal or BSE.
The Susan Electricals India IPO is expected to open in Jun 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Susan Electricals India IPO is ₹120.00 - ₹127.00 per share.
As per market sources, Susan Electricals India IPO GMP is currently ₹45.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Susan Electricals India IPO stands at 216.63x overall.
The listing date for Susan Electricals India IPO is 18 Jun 2026.
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