Susan Electricals India Limited logo

Susan Electricals India Limited

SUSANOpen

SME IPO · BSE

Price Band

₹120 – ₹127

Lot Size

1000 shares

Issue Size

₹70 Cr

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About Susan Electricals India Limited

Susan Electricals India Limited is engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors and cables in various specifications, sizes and configurations. Its product portfolio includes low tension (LT) cables, LT aerial bunched (AB) cables, high tension (HT) cables, winding aluminium wires and strips, winding copper wires and strips, and aluminium conductors. The company primarily supplies its products to state-owned electricity distribution utilities (DISCOMs), infrastructure and EPC companies, and businesses operating in the electrical wires, cables and conductors segment. Its products are used in power distribution networks, transformer and motor winding applications, overhead distribution lines and underground cabling projects. Revenue is generated mainly through the manufacture and sale of these products. In addition, the company undertakes trading of aluminium wires and rods and provides job work services related to the processing of winding wires and strips for customers.

Issue Details
IPO Open Date11 Jun 2026
IPO Close Date15 Jun 2026
Basis of Allotment16 Jun 2026
Refunds Initiation17 Jun 2026
Listing Date18 Jun 2026
Face Value
Fresh Issue
Offer for Sale
Minimum Investment (Retail)₹1,27,000
Registrar
Lead Managers
IPO Timeline
Issue open date11 Jun 2026
Issue close date15 Jun 2026
UPI mandate deadline15 Jun 2026
Allotment finalization16 Jun 2026
Refund initiation17 Jun 2026
Share credit17 Jun 2026
Listing date18 Jun 2026
Mandate end date30 Jun 2026
Lock-in end date for anchor investors (50%)15 Jul 2026
Lock-in end date for anchor investors (remaining)13 Sept 2026
Strengths
  • Manufactures a diversified range of electrical wires, cables and conductors for multiple applications.
  • Supplies products to DISCOMs, EPC contractors and private-sector customers across India.
  • Holds BIS licenses and ISO certifications for quality, environmental and safety management systems.
  • Has a geographically diversified customer base across several Indian states.
  • Led by an experienced promoter with over two decades of industry experience.
Risks
  • A significant portion of revenue depends on government-owned electricity distribution companies (DISCOMs).
  • The business relies on winning and executing government and institutional tenders.
  • Revenue is dependent on a limited number of customers, making customer concentration a risk.
  • The company faces intense competition from existing and potential players in the industry.
  • Failure to execute expansion and growth strategies could adversely affect business performance.
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