About Susan Electricals India

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 2026, it sold its products across 7 states in India, including Uttar Pradesh, Jharkhand, Madhya Pradesh, and Karnataka.

As of April 30, 2026, the company had 216 permanent employees.

Competitive Strengths:

Multi-state vendor registrations and approvals with DISCOMs.
Strong access to government and utility tender opportunities.
Well-positioned to benefit from RDSS and rural electrification projects.
Established technical capabilities and quality compliance standards.
Wide geographic presence supporting scalable business growth.

Category	Shares Offered	Shares Applied
QIBs Investor	0.00	0.00
Total HNIs Investor	0.00	0.00
Retail Investor	0.00	0.00
Shareholders Investor	0.00	0.00
Employee Investor	0.00	0.00
Total Subscription	--	--

Updated on N/A

GMP Date	IPO Price	GMP	Estimated Listing Price	Estimated Profit*	Last Updated
29-06-2026	123	₹15	₹138 ( 12.20% )	₹15,000.00	29-Jun-2026 12:47 PM
10-06-2026	123	₹12	₹135 ( 9.76% )	₹12,000.00	10-Jun-2026 01:31 PM

Strengths of Company

Diversified Product Portfolio – Manufactures aluminium and copper winding wires, conductors, LT cables, HT cables, and MVCC cables for multiple power-sector applications.
Strong Presence in Power Infrastructure Sector – Supplies products to DISCOMs, EPC contractors, infrastructure companies, and electrical equipment manufacturers.
Vendor Approvals Across Multiple States – Registered with various government utilities, enabling participation in tenders.
In-house Manufacturing Facilities – Operates three manufacturing units in Ghaziabad with quality certifications and production control.
Experienced Promoter & Management Team – Promoters have long experience in the electrical wires and cables industry.

Risks of Company

High Dependence on Government Orders – A significant portion of revenue comes from state-owned DISCOMs and government tenders. Any reduction in spending or tender losses could impact business.
Raw Material Price Volatility – Profitability is sensitive to fluctuations in aluminium and copper prices.
Customer Concentration Risk – Dependence on a limited number of customers may affect revenue if major customers reduce orders.
Working Capital Intensive Business – Requires substantial working capital to manage inventory and execute large orders.
Intense Industry Competition – Faces competition from established cable and conductor manufacturers.

Susan Electricals India FAQs

The Susan Electricals India IPO is a SME IPO with a total issue size of ₹ 70 crores. The IPO price band is fixed at ₹120 to ₹127 per share, and the minimum lot size is 1,000 Shares. The Susan Electricals India IPO will open on 11th Jun 2026, and will close on 15th Jun 2026. Mudra RTA Ventures Private Limited has been appointed as the registrar for the issue. The equity shares are proposed to be listed on .

The Susan Electricals India IPO opens on 11th Jun 2026 and closes on 15th Jun 2026.

The Susan Electricals India IPO lot size is 1,000 Share, and the minimum amount required for application is ₹ 2,54,000.

You can apply for the Susan Electricals India IPO through your bank account using the ASBA facility or via your online trading and Demat account. To apply online, log in to your broker’s platform, select Susan Electricals India IPO, enter the number of lots, choose your price within the price band, and submit the application. After submitting, approve the UPI mandate to block the required amount in your bank account. Once the IPO allotment is finalised, shares will be credited to your Demat account if allotted. If not allotted, the blocked amount will be released automatically.

The Susan Electricals India IPO listing date is 18th Jun 2026.