Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Susan Electricals India Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on February 28, 2026 to raise funds through Initial Public Offer (IPO).
Susan Electricals India Ltd. IPO is a Book Build Issue of 0.54 crore equity shares consisting of a fresh issue of upto 0.48 crore equity shares and an offer for sale (OFS) of upto 0.06 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Seren Capital Pvt.Ltd. is the book running lead manager and Mudra RTA Ventures Private Limited is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Susan Electricals India IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 54,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 47,80,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 6,20,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,55,88,795 shares |
| Share Holding Post Issue | 2,03,68,795 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sat, Feb 28, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in 2007, Susan Electricals India Ltd. is engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors, and power cables in various specifications, sizes, and configurations.
The company’s product portfolio includes winding wires and strips used in transformers, motors, alternators, coils, and other electrical equipment, as well as aluminium stranded conductors used in overhead power distribution networks.
The company also manufactures power cables, including low tension (LT) cables such as PVC and XLPE insulated cables (up to 1.1 kV), including Low Tension Aerial Bunched (LT AB) cables, and high tension (HT) cables used in higher-grade power distribution systems.
Its customers primarily include state-owned electricity distribution utilities (DISCOMs), infrastructure and EPC companies, and businesses operating in the electrical wires, cables, and conductors segment.
In addition to manufacturing activities, the company undertakes trading of aluminium wires and rods used as key raw materials and also provides job work services related to the processing of winding wires and strips.
The company operates three manufacturing facilities in Ghaziabad, Uttar Pradesh, located at Site-IV Industrial Area, Sahibabad, and SSGT Road. During Fiscal 2025, it sold its products across 7 states in India, including Uttar Pradesh, Jharkhand, Madhya Pradesh, and Karnataka. As of January 31, 2026, the company had 193 permanent employees.
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 121.06 | 73.68 | 38.08 | 33.58 |
| Total Income | 154.12 | 136.05 | 103.59 | 77.56 |
| Profit After Tax | 7.93 | 5.65 | 0.76 | 0.40 |
| EBITDA | 15.93 | 12.00 | 3.64 | 1.80 |
| NET Worth | 28.16 | 17.98 | 6.21 | 3.28 |
| Reserves and Surplus | 12.57 | 12.96 | 3.23 | 1.03 |
| Total Borrowing | 74.05 | 45.27 | 24.79 | 14.71 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Capital expenditure towards Expansion of existing Manufacturing Facility situated at Plot No.18/31, Sahibabad, Ghaziabad, Uttar Pradesh | 7.72 |
| 2 | Funding of Working Capital Requirements | 33.00 |
| 3 | General corporate purposes | |
| Total | 40.72 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 34.36% | 46.72% |
| ROCE | 14.54% | 17.46% |
| RoNW | 28.15% | 31.43% |
| PAT Margin | 5.16% | 4.16% |
| EBITDA Margin | 10.36% | 8.84% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.63 | 5.19 |
| Promoter Holding | 96.64% |
Lead Manager Reports
Susan Electricals India IPO is a SME IPO of 54,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Susan Electricals India IPO open and close dates are not available as of now.
Mudra RTA Ventures Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Susan Electricals India IPO using UPI as a payment gateway. Zerodha customers can apply in Susan Electricals India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Susan Electricals India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Susan Electricals India IPO dates are not announced. Please check back again after some time.
Susan Electricals India IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Susan Electricals India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Susan Electricals India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Susan Electricals India IPO allotment status.
The Susan Electricals India IPO listing date is not yet announced. The tentative date of listing is .
