Susan Electricals India IPO

About Susan Electricals India IPO

The public issue of the Susan Electricals India IPO, an SME IPO, opens on Thursday, June 11, 2026 and closes on Monday, June 15, 2026. The allotment of shares will take place on Tuesday, June 16, 2026. The credit of shares to the demat account will take place on Wednesday, June 17, 2026. The initiation of refunds will take place on Wednesday, June 17, 2026. The listing of shares will take place on Thursday, June 18, 2026.

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include up to 0.47 crore shares aggregating to ₹60.22 crores. The offer for sale portion includes up to 0.08 crore shares aggregating to ₹10.16 crores. The total number of shares and the aggregate amount are 55,42,000 shares aggregating up to ₹70 crores.

Susan Electricals India IPO’s price band is set at ₹120 to ₹127 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by a retail investor is ₹2,54,000 (2,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,000 shares), amounting to ₹3,81,000.

Incorporated in 2007, Susan Electricals is engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors and cables in various specifications, sizes, and configurations. They primarily supply their products to state-owned electricity distribution utilities (“DISCOMs”), private sector entities engaged in infrastructure development & EPC activities, as well as entities operating in the electrical wires, cables, and conductor segment.

Objectives of Susan Electricals India IPO

• Funding of capital expenditure towards expansion of existing manufacturing facility situated at Plot No.18/31, Sahibabad, Ghaziabad, Uttar Pradesh.
• Funding of working capital requirements.
• General corporate purposes.

Industry Outlook

The Indian Wires and Cables Market is projected to grow from USD 1032 crores in 2025E to USD 2235 crores in 2035P, with a CAGR of 8.02%. India’s wires and cables industry serves transmission and distribution networks, industrial facilities, commercial infrastructure, residential electrification, telecommunications, renewable-energy evacuation systems, and digital-communication corridors. It remains one of the largest sub-segments within the domestic electrical equipment sector due to its critical role in both power-sector expansion and infrastructure development. (Source: Infomerics Report)

About Susan Electricals India

Susan Electricals engages in the manufacturing of aluminium and copper-based electrical winding wires, conductors and cables in various specifications, sizes, and configurations. Under the cables segment, they manufacture low tension (LT) cables, including Low Tension Aerial Bunched (LT AB) cables (up to 1.1 kV), and High Tension (HT) cables of specified voltage grades. Under the wires and conductors’ segment, their offerings include winding aluminium wires and strips, winding copper wires and strips and aluminium conductors, manufactured in accordance with prescribed specifications. They primarily supply their products to state-owned electricity distribution utilities (“DISCOMs”), private sector entities engaged in infrastructure development & EPC activities, as well as entities operating in the electrical wires, cables, and conductor segment. They have also obtained ISO 9001:2015 certification for quality management systems, ISO 45001:2018 certification for occupational health and safety management systems and ISO 14001:2015 certification for environmental management systems.

Strengths of Susan Electricals India

• Vendor registrations and approvals across multiple states, supporting tender participation with government entities.
• In-house manufacturing facilities supported by quality certifications.
• Geographically dispersed customer base.
• Experienced promoter having domain knowledge.

Risks of Susan Electricals India

• Derive a major portion of their revenue from government customers, particularly state-owned electricity distribution utilities (“DISCOMs”).
• Derive a significant portion of Susan Electricals revenue from the sale of their key product, namely Low Tension (“LT”) cables.
• The majority of Susan Electricals revenue is derived from a limited number of customers.
• Derive a significant portion of their revenue from trading activities.
• Dependent on a limited number of suppliers for procurement of their raw materials.

The company has mentioned listed peers which fall in the similar line of business as of their Company for broad comparison purposes.

Notes: (i) Source – All the financial information for listed industry peers mentioned above is sourced from the Financial Results and prospectus of the aforesaid companies for the year ended March 31,2026 and stock exchange data dated May 26,2026 to compute the corresponding financial ratios. Also, wherever such ratios were not readily available in the financial results or other publicly available documents, the same have been computed by the Company.

(ii) For the Company, they have taken the Current Market Price as the offer price of equity share. Further, P/E Ratio is based on the current market price of the respective scrips.

(iii) The EPS, NAV, RoNW and total Revenue of the Company are taken as per Restated Financial Statement for the F.Y. 2025- 26.

(iv) NAV per share is computed as the closing net worth divided by the closing number of paid-up equity shares as on March 31, 2026.

(v) RoNW has been computed as net profit after tax divided by closing net worth.

(vi) Net worth has been computed in the manner as specified in Regulation 2(1) (hh) of SEBI (ICDR) Regulations, 2018.

(vii) The face value of Equity Shares of the Company is ₹ 10/- per Equity Share and the Offer price is [-] times the face value of equity shares.

Anchor Investor Bidding Date: Wednesday June 10, 2026

Registrar Details
Mudra RTA Ventures Private Limited
Email: ipo@mudrarta.com
Tel.: +91-9958808069

Book Running Lead Manager
Seren Capital Private Limited

Susan Electricals India Contact Details

Address: 1703, Nirmal Tower, 26, Barakhamba Road, Connaught Plaza New Delhi, New Delhi, 110001

Email: office@seil.net.in
Phone: 0120-4331296

Susan Electricals India Business Model

The company earns its revenue through the manufacturing of aluminium and copper-based electrical winding wires, conductors and cables in various specifications, sizes, and configurations.

Susan Electricals India Growth Trajectory

Susan Electricals India’s Total Income for FY26 was ₹269.965 crores, whereas in FY25 and FY24 it was ₹136.050 crores and ₹103.594 crores, respectively.

The Profit After Tax for FY26 was ₹18.246 crores, whereas in FY25 and FY24 it was ₹5.651 crores and ₹0.756 crores, respectively.

Their EBITDA for FY26 was ₹32.082 crores, whereas in FY25 and FY24 it was ₹12.003 crores and ₹3.636 crores, respectively.

Susan Electricals India Market Position

During Fiscal 2026, they sold their products across 14 states and 1 Union Territory in India, including key markets such as Uttar Pradesh, Madhya Pradesh, Haryana, Rajasthan, Telangana and Karnataka, catering to customers across multiple regions and industry segments.

As of 31 March 2026, the company’s Total Income, Profit After Tax, and EBITDA were ₹269.965 crores, ₹18.246 crores, and ₹32.082 crores, respectively.

How to apply for Susan Electricals India IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.