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 a period of intense investor interest. With a significant grey market premium already in play, market participants are eyeing a potentially explosive listing in the wires and cables sector.

Strong Grey Market Sentiment Ahead of Listing

The excitement surrounding Susan Electricals is reflected in its Grey Market Premium (GMP), which is currently commanding a 34% premium. Against the final issue price of ₹127 per share, the unofficial trading price is hovering around ₹170, implying a premium of approximately ₹43 per share. If these trends persist, the stock is poised for a robust opening, mirroring the strong debuts recently witnessed by other SME players in the electrical components industry.

Massive Subscription Numbers Drive Investor Interest

The ₹70.38-crore IPO saw overwhelming demand, closing with an impressive overall subscription rate of 216.63 times. The appetite was particularly high among high-net-worth individuals; the Non-Institutional Investor (NII) category was subscribed 336 times, while the HNI bucket (investments above ₹10 lakh) saw a staggering subscription of nearly 389 times.

The issue, which comprises a ₹60.22 crore fresh issue and a ₹10.16 crore offer for sale (OFS), also saw strong institutional backing. The Qualified Institutional Buyer (QIB) segment was subscribed 142.65 times, and the retail category was oversubscribed by 207.56 times.

Explosive Financial Growth and Business Model

Founded in 2007, Susan Electricals has demonstrated exceptional financial momentum. The company’s revenue nearly doubled from ₹136.05 crore to ₹269.96 crore in FY26. More impressively, its Profit After Tax (PAT) more than tripled, jumping from ₹5.65 crore to ₹18.25 crore over the same period.

同社は、アルミニウムおよび銅ベースの電気巻線用ワイヤー、導体、ならびにXLPE絶縁ケーブルや架空束線ケーブルを含む電力ケーブルの製造を専門としています。ガジアバードに3つの製造拠点を構えており、そのビジネスモデルはインドのインフラ推進戦略と戦略的に合致しています。州営の電力配電事業体やEPC企業を顧客としているSusan Electricalsは、改訂配電セクター計画（RDSS）などの政府主導の取り組みを享受できる有利なポジションにあります。

IPO調達資金の使途

同社は、今回の公募を通じて調達した資金について明確なロードマップを持っています。推定33クロールルピーに及ぶ多額の資金は、運転資金の充当に充てられる予定です。また、増加する需要に対応するため、ガジア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クロールルピーが割り当てられています。

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