
Susan Electricals India Limited
SUSANOpenSME IPO · BSE
Price Band
₹120 – ₹127
Lot Size
1000 shares
Issue Size
₹70 Cr
GMP (Grey Market Premium)
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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.
| IPO Open Date | 11 Jun 2026 |
| IPO Close Date | 15 Jun 2026 |
| Basis of Allotment | 16 Jun 2026 |
| Refunds Initiation | 17 Jun 2026 |
| Listing Date | 18 Jun 2026 |
| Face Value | — |
| Fresh Issue | — |
| Offer for Sale | — |
| Minimum Investment (Retail) | ₹1,27,000 |
| Registrar | — |
| Lead Managers | — |
| Issue open date | 11 Jun 2026 |
| Issue close date | 15 Jun 2026 |
| UPI mandate deadline | 15 Jun 2026 |
| Allotment finalization | 16 Jun 2026 |
| Refund initiation | 17 Jun 2026 |
| Share credit | 17 Jun 2026 |
| Listing date | 18 Jun 2026 |
| Mandate end date | 30 Jun 2026 |
| Lock-in end date for anchor investors (50%) | 15 Jul 2026 |
| Lock-in end date for anchor investors (remaining) | 13 Sept 2026 |
- 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.
- 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.
