Susan Electricals Shares to List Today: Check GMP and IPO Details

Susan Electricals India is set to make its debut on the BSE SME platform today, following massive investor interest and overwhelming subscription numbers. With a significant grey market premium currently on the table, the market is eyeing a potentially strong listing for this electrical components manufacturer.

Strong Grey Market Premium Signals Positive Debut

The excitement surrounding the Susan Electricals IPO is evident in the grey market, where the shares are commanding a Grey Market Premium (GMP) of approximately 34%. Based on the final issue price of Rs 127 per share, this premium translates to an unofficial trading price of around Rs 170, representing a gain of roughly Rs 43 per share. If this momentum persists, the stock is poised to follow the recent trend of robust debuts seen in the wires and cables sector within the SME segment.

Massive Subscription Numbers Highlight Investor Appetite

The Rs 70.38-crore issue—comprising a fresh issue of Rs 60.22 crore and an offer for sale of Rs 10.16 crore—saw extraordinary demand. By the time bidding closed on June 15, the issue had been subscribed a staggering 216.63 times overall.

Breaking down the subscription data reveals intense competition across all investor classes:

This high level of interest underscores the market's confidence in the company's business model and growth prospects.

Robust Financial Growth and Strategic Use of Funds

Susan Electricals has demonstrated an impressive financial trajectory. The company reported that its revenue nearly doubled from Rs 136.05 crore in the previous year to Rs 269.96 crore in FY26. Even more striking is the bottom-line performance, with profit after tax (PAT) more than tripling from Rs 5.65 crore to Rs 18.25 crore over the same period.

The company, which has been operational since 2007, specializes in aluminium and copper-based electrical winding wires, conductors, and power cables. The capital raised through the IPO is earmarked for strategic growth: approximately Rs 33 crore will be directed toward working capital requirements, while Rs 10.29 crore will be used to expand its existing manufacturing facility in Sahibabad, Ghaziabad.

Market Positioning and Future Outlook

Operating three manufacturing facilities in Ghaziabad, Susan Electricals is well-positioned to ride the wave of India's infrastructure expansion. Its client base includes state-owned electricity distribution utilities and EPC companies, making it a direct beneficiary of government initiatives like the Revamped Distribution Sector Scheme (RDSS) aimed at rural electrification and strengthening distribution networks.

Key Takeaways