Susan Electricals IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 77.56 | 103.59 | 136.05 | 269.96 |
| Expense | 77.00 | 102.50 | 128.21 | 245.34 |
| Profit (PAT) | 0.40 | 0.76 | 5.65 | 18.25 |
| Total Assets | 33.58 | 38.08 | 73.68 | 130.05 |
| Company | EPS | P/E |
|---|---|---|
| Prime Cable Industries Limited | 6.68 | 16.77 |
| Divine Power Energy Limited | 10.83 | 46.35 |
| V-Marc India Limited | 40.97 | 27.90 |
Promoters: Vishal Jain and Mahak Jain
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,55,88,795 | 92.47% |
| Promoter Holding Post Issue | 2,03,30,795 | 66.97% |
Strengths & Risks
- Heavily oversubscribed — 192.1x overall (so far).
- Strong institutional (QIB) demand — 142.7x.
- Revenue grew 31% in the latest reported year.
- Strong return on equity — 47%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Elevated leverage — debt/equity of 2.52.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Since its establishment in 2007, Susan Electricals India has been a leading manufacturer of aluminium and copper-based electrical winding wires, conductors, and power cables. They manufacture winding wires and strips used in transformers, motors, alternators, coils, and other electrical equipment, as well as aluminium stranded conductors for overhead power distribution networks. The firm makes power cables, including Low Tension (LT) Cables, PVC insulated cables, XLPE insulated cables, LT Aerial Bunched (AB) cables, and High Tension (HT) Cables in diverse specifications and sizes. Its clients are infrastructure, EPC companies, and businesses that operate in the electrical wires, cables, and conductors sectors. Its manufacturing facility is situated in Ghaziabad. While in FY25, the firm sold its products across 7 states, including Uttar Pradesh, Jharkhand, Madhya Pradesh, and Karnataka.
| Purpose | Amount (Cr) |
|---|---|
| Funding of Capital expenditure towards Expansion of existing Manufacturing Facility situated at Plot No.18/31, Sahibabad, Ghaziabad, Uttar Pradesh | 7.72 |
| Funding of Working Capital Requirements | 33.00 |
| General Corporate Purpose | - |
Resources & Documents
Susan Electricals India Ltd., 1703, Nirmal Tower,, 26, Barakhamba Road,, Connaught Plaza, New Delhi, New Delhi, 110001
Susan Electricals has set a price band of Rs 120–Rs 127 per share for an issue size of Rs 70 crore. The stock listed with a 46.46% gain versus its issue price on June 18, 2026.
Since its establishment in 2007, Susan Electricals India has been a leading manufacturer of aluminium and copper-based electrical winding wires, conductors, and power cables. They manufacture winding wires and strips used in transformers, motors, alternators, coils, and other electrical equipment, as well as aluminium stranded conductors for overhead power distribution networks.
The issue is promoted by Vishal Jain and Mahak Jain with Seren Capital Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding of Capital expenditure towards Expansion of existing Manufacturing Facility situated at Plot No.18/31, Sahibabad… (Rs 8 crore) and Funding of Working Capital Requirements (Rs 33 crore).
Grey market is quoting a premium of +Rs 42 (+33.1% over issue price), up Rs 24 from the previous session. Final subscription data records overall subscription at 192.06x, retail at 207.55x, QIB at 142.65x, NII at 210.55x.
On fundamentals, the company is posting revenue growth of 31.3%, a profit margin of 4.2%, return on equity of 46.7% in its most recent reported period. Listed peers in this segment include Prime Cable Industries Limited (P/E 16.77x) and Divine Power Energy Limited (P/E 46.35x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Susan Electricals IPO GMP — What It Means
The latest grey market premium for Susan Electricals IPO is ₹42 (+33.1%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Susan Electricals it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Susan Electricals GMP history and trend, or learn how grey market premium works and how reliable it is.
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