Susan Electricals India came to market through an SME IPO that opened on 11 June 2026 and closed on 15 June 2026, and the shares listed on 18 June 2026 on BSE SME. The price band was ₹120 to ₹127 per share and one lot was 1000 shares, so the minimum application was ₹1,27,000. The issue size was ₹70.38 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Mudra RTA Ventures Private Limited was the registrar to the issue, and Seren Capital Pvt.Ltd was the lead manager.
As of 15 June 2026.
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Founded in 2007, Susan Electricals India Ltd. produces aluminium and copper winding wires, conductors, and power cables of different designs and gauges. Some products manufactured by Susan Electricals India Ltd. include aluminium winding wires and strips for transformers, motors, alternators, coils, and other electrical appliances, and aluminium stranded conductors that find use in overhead electric power transmission.Susan Electricals India Ltd.
also manufactures power cables like low tension (LT) cables, such as PVC and XLPE insulated cables (not exceeding 1.1 kV), which include LT Aerial Bunched (LT AB) cables and high tension (HT) cables employed in higher voltage power transmission systems. Mainly, its clients include DISCOMs (distribution companies), infrastructure and EPC companies, and businesses in the electrical wires, cables, and conductors market. Apart from being involved in manufacturing, Susan Electricals India Ltd.
deals with trade in aluminium wires and rods used as major raw materials and offers jobwork in winding wires and strips. The firm runs three production units in Ghaziabad, Uttar Pradesh, which includes Site-IV Industrial Area, Sahibabad, and SSGT Road. For the Financial year 2025, the company’s sales were in seven Indian states, comprising Uttar Pradesh, Jharkhand, Madhya Pradesh, and Karnataka. The total number of full-time employees as of January 31, 2026, was 193.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Susan Electricals India Limited finalised its anchor investor allocation on June 10, 2026, raising ₹19.34 crore from 5 institutional investors at an anchor price of ₹127 per share. The anchor book comprises 15,23,000 equity shares allocated across non-mutual fund institutional investors. Motilal Oswal Finvest Limited received the largest allocation at 36.64%, followed by Sageone Flagship Growth OE Fund, Shine Star Build Cap Private Limited, and Vikasa India EIF I Fund at 19.37% each.
ArthaSanchay Growth Fund received the remaining 5.25% of the anchor portion.
Vishal Jain, Mahak Jain. Promoter holding 92.47% before the issue and 66.97% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Susan Electricals India IPO was a ₹70.38 crore book-built issue, comprising a fresh issue of ₹60.22 crore and an offer for sale of ₹10.16 crore. It was priced at ₹120–₹127 per share with a lot size of 1,000 shares; the minimum retail application was 2,000 shares (₹2,54,000). The IPO was open from June 11 to June 15, 2026 and was subscribed 216.76x.
Shares listed on BSE SME on June 18, 2026 at ₹186, a 46.5% premium to the issue price of ₹127. Mudra RTA Ventures Private Limited is the registrar. Seren Capital Pvt. Ltd. is the book running lead manager.
The price band of Susan Electricals India IPO is ₹120 to ₹127 per share.
The lot size of Susan Electricals India IPO is 1000 shares.
The minimum investment for Susan Electricals India IPO is approximately ₹2,54,000 based on the upper price band.
The allotment date of Susan Electricals India IPO is Jun 16, 2026.
Susan Electricals India IPO's final recorded GMP before listing was ₹43 per share (a 34% premium over the ₹127 upper price band). The shares listed at ₹186. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Susan Electricals India IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Susan Electricals India IPO allotment status on Rupix for quick and easy access.
₹120 to ₹127 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,27,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,27,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 11 June 2026 and closed on 15 June 2026.
The basis of allotment was published on 16 June 2026 by Mudra RTA Ventures Private Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 18 June 2026 on BSE SME.
The issue size was ₹70.38 crore. The fresh issue was 47,42,000 shares (aggregating up to ₹60.22 crore). The offer for sale was 8,00,000 shares (aggregating up to ₹10.16 crore).