Susan Electricals India Limited is engaged in the manufacturing of aluminium and copper-based electrical products used in power transmission, power distribution, and electrical equipment applications.
The company’s product portfolio includes aluminium and copper winding wires and strips used in transformers, motors, alternators, coils, and other electrical equipment. It also manufactures aluminium stranded conductors that are widely used in overhead electricity transmission and distribution networks.
Products:
- Aluminium & Copper Winding Wires
- Winding Strips
- Aluminium Stranded Conductors
- LT Power Cables
- LT AB Cables
- HT Power Cables
- Aluminium Wires & Rods (Trading)
In the cable segment, Susan Electricals offers Low Tension (LT) and High Tension (HT) power cables. Its LT product range includes PVC and XLPE insulated power cables up to 1.1 kV, including Low Tension Aerial Bunched (LT AB) Cables, while HT cables are supplied for higher-voltage power distribution infrastructure projects.
The company primarily caters to state-owned electricity distribution companies (DISCOMs), EPC and infrastructure companies, and businesses operating in the electrical wires, cables, and conductors industry. In addition to manufacturing, Susan Electricals also undertakes trading of aluminium wires and rods used as key raw materials and provides job-work services for the processing of winding wires and strips.
Susan Electricals operates three manufacturing facilities in Ghaziabad, Uttar Pradesh. During Fiscal 2025, the company supplied its products across seven Indian states, including Uttar Pradesh, Jharkhand, Madhya Pradesh, and Karnataka.
As of January 31, 2026, the company had 193 permanent employees.
Susan Electricals India IPO – Details
| IPO Opening Date | 11 June 2026 |
| IPO Closing Date | 15 June 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 55,42,000 Shares Worth ₹70.38 Crore Fresh Issue: 47,42,000 Shares Worth ₹60.22 Crore Offer For Sale: 8,00,000 Shares Worth ₹10.16 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹120 – ₹127 per share |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Mudra RTA Ventures Private Limited |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Susan Electricals India IPO – Date Schedule
| IPO Open Date | 11 June 2026 |
| IPO Close Date | 15 June 2026 |
| Basis of Allotment | 16 June 2026 |
| Initiation of Refund | 17 June 2026 |
| Credit of Shares to Demat | 17 June 2026 |
| IPO Listing Date | 18 June 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 15, 2026 |
Susan Electricals India IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2000 | ₹2,54,000 |
| Retail (Max) | 2 | 2000 | ₹2,54,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,81,000 |
| S-HNI (Max) | 7 | 7000 | ₹8,89,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,16,000 |
Competitive Strength
- 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.
Company Promoters
- Vishal Jain
- Mahak Jain
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹77.56 Cr | ₹77.00 Cr | ₹0.40 Cr | ₹14.71 Cr |
| 31 March 2024 | ₹103.59 Cr | ₹102.50 Cr | ₹0.76 Cr | ₹24.79 Cr |
| 31 March 2025 | ₹136.05 Cr | ₹128.21 Cr | ₹5.65 Cr | ₹45.27 Cr |
| 31 December 2025 | ₹154.12 Cr | ₹143.38 Cr | ₹7.93 Cr | ₹74.05 Cr |
Key Performance Indicator
| KPI | Values (Dec 31, 2025) |
|---|---|
| ROE | 34.36% |
| ROCE | 14.54% |
| Debt/Equity | – |
| RoNW | 28.15% |
| PAT Margin | 5.16% |
| EBITDA Margin | 10.36% |
| Price to Book Value | – |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.63 | 5.19 |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| 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 purposes. | – |
✅Strengths
- Diversified portfolio of conductors, winding wires, and power cables.
- Strong customer base including DISCOMs and EPC companies.
- Three manufacturing facilities in Ghaziabad.
- Experienced promoters with long industry experience.
- Strong growth in revenue and profitability.
⚠️Risks
- Business depends on aluminium and copper prices.
- High dependence on government and infrastructure orders.
- Working capital intensive business.
- Significant debt and borrowing requirements.
- Faces strong competition from larger industry players.
Susan Electricals India IPO Promoter Holding
| Pre-Issue Share Holding | 92.47% |
| Post Issue Share Holding | 66.97% |
Susan Electricals India IPO Prospectus
- Susan Electricals India IPO DRHP
- Susan Electricals India IPO RHP
Company Contact Information
| Susan Electricals India Limited 1703, Nirmal Tower, 26, Barakhamba Road, Connaught Plaza, New Delhi, 110001 Phone: 0120-4331296 Email: office@seil.net.in Website: https://seil.net.in/ |
Susan Electricals India IPO Registrar
| Mudra RTA Ventures Private Limited Phone: +919870297591 Email: ipo@mudrarta.com Website: https://mudrarta.com/ipo.php |
Susan Electricals India IPO Lead Manager(s)
| 1. Seren Capital Pvt. Ltd. |
Susan Electricals India IPO FAQ
| What is the Susan Electricals India IPO? Susan Electricals India IPO is an SME IPO. The issue is priced at ₹120 – ₹127 per equity share. The IPO is to be listed on BSE SME. |
| When will the Susan Electricals India IPO open? The IPO is to open on 11 June 2026 for QIB, NII, and Retail Investors. |
| What is Susan Electricals India IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Susan Electricals India IPO Size? Susan Electricals India IPO size is ₹70.38 Crore. |
| What are the Susan Electricals India IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2000 Shares for ₹2,54,000, while the maximum bid is 2000 Shares for ₹2,54,000. |
| What is the Susan Electricals India IPO Allotment Date? Susan Electricals India IPO allotment date is 16 June 2026. |
| What is the Susan Electricals India IPO Listing Date? Susan Electricals India IPO listing date is 18 June 2026. The IPO is to be listed on the BSE SME. |
