Susan Electricals India Limited
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₹38(29.92%)
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Susan Electricals India Limited's successfully completed its Initial Public Offering and commenced trading on Jun 18, 2026 at the BSE exchange. The company raised 55,42,000 Shares through this public offering, comprising 47,42,000 Shares in fresh capital and ₹10.16 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹120 to ₹127, with minimum application lots of 1000 shares. The offering attracted significant investor interest during its subscription period from Jun 11, 2026 to Jun 15, 2026.
Share allotment was finalized on Jun 16, 2026, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Established in 2007, Susan Electricals India Ltd. manufactures aluminium and copper-based winding wires, conductors, and power cables in different sizes and specifications. Its products are widely used in transformers, motors, alternators, and power distribution systems, including overhead networks and LT and HT cables. The company mainly serves customers like government electricity distribution companies, infrastructure and EPC firms, and businesses in the electrical sector. Apart from manufacturing, it also trades aluminium wires and rods used as raw materials and offers job work services for processing winding wires. The company runs three manufacturing units in Ghaziabad, Uttar Pradesh, and supplies its products across multiple states in India. As of 31 January 2026, it has around 193 permanent employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Diverse Product Portfolio : Manufactures winding wires, conductors, and LT/HT power cables for multiple applications
- Strong Customer Base : Supplies to DISCOMs, EPC players, and infrastructure companies ensuring steady demand
- Established Manufacturing Setup : Operates 3 facilities in Ghaziabad with wide distribution across 7 states
- Geographical Concentration : Manufacturing units are limited to a single location (Ghaziabad)
- Dependence on Government Clients : High reliance on DISCOMs and infrastructure projects may impact revenue stability
- Commodity Price Risk : Business is exposed to fluctuations in aluminium and copper prices
- Vishal Jain
- Mahak Jain
Susan Electricals India Limited
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