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InvestmentsIPOSusan Electricals IPO

Susan Electricals IPO

SME

Open Date

11 Jun 2026

Close Date

15 Jun 2026

Min Investment

₹ 2,54,000

Lot Size

1,000

Issue Size

₹ 70.38 Cr

Price Range

₹ 120 - ₹ 127

Subscribed

211.87 x
status

IPO Closed Now.

IPO Timeline
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IPO Offer Start
11 Jun 2026
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IPO Offer Ends
15 Jun 2026
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Allotment Finalisation
16 Jun 2026
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Refund Initialisation
17 Jun 2026
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Non-Institutional Buyers (sHNI)
17 Jun 2026
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Listing of Shares
18 Jun 2026
IPO Subscription Details as on 18 Jun 2026, 07:31 AM
Qualified Instituational Buyers (QiB)
142.42 x
Retail
198.82 x
Total
211.87 x
Non-Institutional Buyer (bHNI)
388.26 x
Non-Institutional Buyer (sHNI)
226.84 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Susan Electricals India Limited, incorporated in 2007, is engaged in manufacturing aluminium and copper-based electrical winding wires, conductors and cables in various specifications. The company manufactures low tension (LT) cables, high tension (HT) cables, Medium Voltage Covered Conductor (MVCC) cables, winding wires and strips, and aluminium conductors. The company primarily supplies to state-owned electricity distribution utilities (DISCOMs), private sector entities in infrastructure development and EPC activities, with products used in power distribution networks, transformer and motor winding applications.
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Founded In

2007

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CEO

Vinod Kumar Pujari

Financials of Susan Electricals India IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2024Mar 2025Mar 2026
Operating Revenue103.48135.74269.36
Other Income0.110.310.61
Total Income
103.59136.05269.96
Total Expenses
102.50128.21245.34
Profit Before Tax1.097.8424.62
Total Profit
0.765.6518.25

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company proposes to expand its existing manufacturing capabilities and enhance production capacity for cables segment, including High Tension cables and Medium Voltage Covered Conductor cables, through construction of additional shed and installation of new CCV Line and rigid stranding machine.10
The company requires additional working capital for funding its incremental working capital requirements to support business expansion, with funds proposed to be utilized over financial years for inventory, trade receivables, and other operational needs.33
The company intends to deploy the balance proceeds for general corporate purposes including meeting operating expenses, initial development costs for projects, strengthening business development and marketing capabilities, and meeting exigencies in ordinary course of business.-
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  • Vendor registrations and approvals across multiple states: The company has obtained vendor registration approvals from various state-owned power distribution utilities (DISCOMs) across 8 states including Jharkhand, Gujarat, Uttar Pradesh, Bihar, Madhya Pradesh, Andhra Pradesh, and Rajasthan, enabling participation in tenders and supporting scalability of operations.
  • In-House Manufacturing facilities supported by quality certifications: The company operates three in-house manufacturing facilities in Ghaziabad, Uttar Pradesh with BIS certifications for 8 product categories and ISO certifications (9001:2015, 45001:2018, 14001:2015) ensuring compliance with quality standards.
  • Geographically dispersed customer base: The company derived revenue from 14 States and 1 Union Territory in fiscal 2026, with key markets contributing ₹26,318.03 lakhs (97.70% of total revenue), reducing dependence on single geographic market and mitigating regional demand variations.
  • Experienced Promoter having domain knowledge: The company's Promoter, Mr. Vishal Jain, possesses over 22 years of experience in the electrical wires, cables, conductors and winding wires industry, contributing to business planning, execution and operational activities.

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