Susan Electricals IPO Listing Today: Check GMP and Key Details

Susan Electricals India is set to make its debut on the BSE SME platform today, amid significant market enthusiasm. Investors are eyeing a potentially strong listing following massive subscription numbers and a healthy grey market premium.

Strong Grey Market Sentiment and Expected Listing Gains

Ahead of its official debut, Susan Electricals is commanding a Grey Market Premium (GMP) of approximately 34%. With the final issue price set at ₹127 per share, the unofficial trading price is currently hovering around ₹170, representing a premium of roughly ₹43 per share. If this momentum persists, the stock is expected to open with significant gains, following the recent trend of robust debuts within the wires and cables sector of the SME segment.

Massive Subscription Drives Investor Interest

The ₹70.38-crore IPO saw overwhelming demand from all investor categories, reflecting high confidence in the company's fundamentals. The issue, which comprised a fresh issue of ₹60.22 crore and an offer for sale of ₹10.16 crore, was subscribed a staggering 216.63 times by the close of bidding on June 15.

The breakdown of the subscription highlights intense competition:

Robust Financial Growth and Manufacturing Capabilities

Incorporated in 2007, Susan Electricals specializes in manufacturing aluminum and copper-based electrical winding wires, conductors, and power cables, including low-tension PVC and XLPE-insulated cables. The company operates three manufacturing facilities in Ghaziabad and serves a diverse client base of state-owned electricity utilities and infrastructure EPC companies.

The company’s financial performance has been a primary driver for investor interest. In FY26, revenue nearly doubled to ₹269.96 crore from ₹136.05 crore in the previous year. More impressively, profit after tax (PAT) surged more than threefold, jumping from ₹5.65 crore to ₹18.25 crore over the same period. This growth positions the company to capitalize on government initiatives like the Revamped Distribution Sector Scheme (RDSS) aimed at rural electrification.

IPO資金の使途

Susan Electricalsは、本公募を通じて調達した資金の明確なロードマップを提示しています。推定33クロール・ルピーにのぼる資金の大部分は、運転資本のニーズへの対応に充てられる予定です。さらに、同社は生産能力を強化し、高まる需要に応えるため、ガーズィヤーバードのサヒババードにある既存の製造施設の拡張に10.29クロール・ルピーを投資する計画です。

主なポイント