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.

该公司专注于生产铝基和铜基电磁线、导体及电力电缆，包括 XLPE 绝缘电缆和架空束综电缆。公司在加济阿巴德 (Ghaziabad) 运营着三座制造工厂，其业务模式与印度的基础设施建设热潮战略契合。通过服务于国有电力分配公用事业公司和 EPC 公司，Susan Electricals 已具备充分优势，能够从“改版配电部门计划 (RDSS)”等政府倡议中获益。

IPO 发行所得资金用途

公司对通过此次公开募资筹集的资金有着明确的规划。其中很大一部分（估计为 3.3 亿卢比）将用于满足营运资金需求。此外，1.029 亿卢比将专门用于扩建其位于加济阿巴德 Sahibabad 的现有制造设施，以应对日益增长的需求。

核心要点