Susan Electricals India IPO
- Issue price
- ₹127
- Listing price
- ₹170
- +33.86%
- Current price
- ₹309.95
- +144.06%
- Subscribed
- 192.06x
- Issue size
- ₹70.38 Cr
- Listed on
- 18 Jun 2026
IPO timeline
- Opens11 JunThu
- Closes15 JunMon
- Allotment16 JunTue
- Refunds17 JunWed
- Demat credit17 JunWed
- Listing18 JunThu
Issue details
- Price band
- ₹120 – ₹127 per share
- Issue size
- ₹70.38 Cr
- Fresh issue
- Not available
- Offer for sale
- Not available
- Issue type
- Fresh capital cum OFS
- Face value
- ₹10 per share
- Lot size
- 1,000 shares
- Minimum investment
- ₹1,27,000
- Listing on
- BSE SME
- Exchange code
- SUSAN.BO · 7770
This issue combines a fresh issue and an offer for sale. The amounts for each part are not available in our data; see the offer document for the split.
Lot size and investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,27,000 |
| Retail (Max) | 1 | 1,000 | ₹1,27,000 |
| HNI (Min) | 2 | 2,000 | ₹2,54,000 |
Reservation
- QIB
- 25,39,000 shares (49.94% of the Offer)
- NII
- 7,65,000 shares (15.05% of the Offer)
- Retail
- 17,80,000 shares (35.01% of the Offer)
Allotment status
The allotment for this IPO is final. Check whether you received shares on the registrar's website using your PAN, application number or demat account (DP / Client ID).
Check allotment on Mudra RTA Ventures- 1Open the registrar's allotment page and select this IPO from the list.
- 2Enter your PAN, application number or DP / Client ID.
- 3Submit to see the number of shares allotted, if any.
- Basis of allotment
- 16 Jun 2026
- Refunds initiated
- 17 Jun 2026
- Shares credited to demat
- 17 Jun 2026
- Listing
- 18 Jun 2026
Grey market premium (GMP)
- Current GMP
- ₹43
- +33.90%
- Estimated listing price
- ₹170
- Issue price ₹127
- Highest
- ₹64
- 12 Jun
- Lowest
- ₹25
- 10 Jun
GMP by day (₹ per share)
Day-wise GMP table
| Date | GMP | Premium | Est. listing |
|---|---|---|---|
| 18 Jun 2026 | ₹43 | +33.90% | ₹170 |
| 17 Jun 2026 | ₹43 | +33.90% | ₹170 |
| 16 Jun 2026 | ₹48 | +37.80% | ₹175 |
| 15 Jun 2026 | ₹54 | +42.50% | ₹181 |
| 14 Jun 2026 | ₹62 | +48.80% | ₹189 |
| 13 Jun 2026 | ₹61 | +48.00% | ₹188 |
| 12 Jun 2026 | ₹64 | +50.40% | ₹191 |
| 10 Jun 2026 | ₹25 | +20.00% | ₹152 |
GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.
Subscription status
- QIB142.65x
- NII (HNI)210.55x
- Retail207.56x
- Anchor1.14x
| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 10,16,000 | 14,49,37,000 | 142.65x |
| Non-Institutional Investors (NII) | 12,23,000 | 25,74,98,000 | 210.55x |
| bNII — bids above ₹10 Lakh | 5,10,000 | 19,88,84,000 | 389.97x |
| sNII — bids ₹2 Lakh to ₹10 Lakh | 2,55,000 | 5,86,14,000 | 229.86x |
| Retail Individual Investors (RII) | 17,80,000 | 36,94,50,000 | 207.56x |
| Anchor Investors | 15,23,000 | 17,35,000 | 1.14x |
| Total | 40,19,000 | 77,18,85,000 | 192.06x |
Financials
- P/E Ratio
- 14.15
- EPS (₹)
- 8.97
- RoCE
- 29.05%
- RoNW
- 47.42%
- PAT Margin
- 6.77%
Separate pre- and post-issue P/E are not available for this IPO; the P/E shown is as disclosed for the issue.
| 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 |
Peer comparison
| Company | Issue size | P/E | RoNW | PAT margin | Subscribed | Listing gain |
|---|---|---|---|---|---|---|
| Susan Electricals India This IPO | ₹70.38 Cr | 14.15 | 47.42% | 6.77% | 192.06x | +33.86% |
| Merritronix SME · listed 8 Jun 2026 | ₹70 Cr | 16.18 | 30.66% | 10.33% | 293.31x | +90.00% |
| IC Electricals Company SME · listed 10 Jul 2026 | ₹47.91 Cr | 12.82 | 23.88% | 9.84% | 0x | — |
| FX Multitech SME · listed 28 Sep 2026 | ₹45.24 Cr | 14.43 | 31.80% | 9.60% | 16.54x | +6.08% |
| G.V.Electricals SME · listed 12 Aug 2026 | ₹42.25 Cr | — | — | — | 149.31x | +21.54% |
| Vivid Electromech SME · listed 7 Apr 2026 | ₹130.54 Cr | 24.37 | 73.76% | 13.04% | 1.13x | +1.80% |
| Vans Electroengineerings SME · Open | ₹33.98 Cr | 23.79 | 58.79% | 23.61% | 584.44x | — |
Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.
About Susan Electricals India
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 Cr
- Funding of Working Capital Requirements₹33 Cr
- General corporate purposes₹8.94 Cr
- Issue Expenses₹9.33 Cr
Promoters and shareholding
Vishal Jain and Mahak Jain
- Promoter holding, pre-issue
- 92.47%
- Promoter holding, post-issue
- 66.97%
Registrar, lead managers and documents
Lead manager
Company contact
1703, Nirmal Tower, 26, Barakhamba Road, Connaught Plaza, New Delhi, New Delhi, 110001
0120-4331296
office@seil.net.inSusan Electricals India IPO: common questions
When does the Susan Electricals India IPO open and close?
The Susan Electricals India IPO opens on 11 Jun 2026 and closes on 15 Jun 2026.
What is the price band of the Susan Electricals India IPO?
The price band is ₹120 – ₹127 per share, with a lot size of 1,000 shares and a minimum investment of ₹1,27,000.
What is the size of the Susan Electricals India IPO?
The issue size is ₹70.38 Cr (Fresh capital cum OFS).
What is the GMP of the Susan Electricals India IPO?
The last reported grey market premium is ₹43 per share as of 18 Jun 2026, 08:00 AM IST. GMP is unofficial and changes frequently.
When is the Susan Electricals India IPO allotment?
The basis of allotment is expected on 16 Jun 2026. Allotment status can be checked with the registrar, Mudra RTA Ventures Private Limited.
When will the Susan Electricals India IPO list?
The shares listed on 18 Jun 2026 on BSE SME.
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