Susan Electricals India Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹127
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,27,000
Issue Size
₹70.38 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.01%
QIB Quota
49.94%
NII Quota
15.05%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Susan Electricals India Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
92.47%
Promoter Holding (Post-Issue)
66.97%
Issue Type
Book Building - SME
ISIN
INE2L0V01019
About the Company
Incorporated in 2007, we are engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors and cables in various specifications, sizes and configurations. Under the cables segment, we manufacture low tension (LT) cables, including Low Tension Aerial Bunched (LT AB) cables (up to 1.1 kV), High Tension (HT) cables of specified voltage grades and Medium Voltage Covered Conductor ("MVCC") Cables. Under the wires and conductors segment, our offerings include winding aluminium wires and strips, winding copper wires and strips and aluminium conductors, manufactured in accordance with prescribed specifications.
Industry Overview
The Indian Wires and Cables Market is projected to grow from USD 10.32 billion in 2025E to USD 22.35 billion in 2035P, with a CAGR of 8.02%. India's wires and cables industry serves transmission and distribution networks, industrial facilities, commercial infrastructure, residential electrification, telecommunications, renewable-energy evacuation systems, and digital-communication corridors. It remains one of the largest sub-segments within the domestic electrical equipment sector due to its critical role in both power-sector expansion and infrastructure development. The global winding wires market is projected to increase from USD 11.91 billion in 2025E to USD 21.51 billion by 2035P, corresponding to a CAGR of 6.09%.
Company History
Our Company was incorporated as "Suvish Insulation Private Limited" on December 10, 2007, under the provisions of the Companies Act, 1956, pursuant to a Certificate of Incorporation issued by Registrar of Companies, National Capital Territory of Delhi and Haryana. Pursuant to a Special Resolution passed by the shareholders at the Extraordinary General meeting held on January 06, 2010 the name of our Company was changed from "Suvish Insulation Private Limited" to "Susan Electricals India Private Limited" vide a fresh certificate of incorporation dated January 13, 2010, issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Subsequently, our Company was converted from private limited to public limited, pursuant to special resolution passed by the shareholders of the Company at the Extraordinary General Meeting held on November 26, 2025 and the name of our Company was changed from "Susan Electricals India Private Limited" to "Susan Electricals India Limited" vide fresh certificate of incorporation dated December 05, 2025 issued by the Registrar of Companies, Central Processing Centre. The Corporate identification number of our Company is U31908DL2007PLC171215.
Growth Strategy
- Expansion of Production Capabilities at Existing Manufacturing Facility situated at Plot No.18/31, Sahibabad, Ghaziabad, Uttar Pradesh.
- Broaden our marketing base and increasing our geographical reach.
- Focus on consistently meeting quality standards
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 55,42,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Susan Electricals India Limited ("the Company" or "SEIL" or "the Issuer") at an offer price of Rs. 127 per equity share for cash aggregating to Rs. 70.38 Crores ("Public Offer") comprising of a fresh issue of 47,42,000 equity shares aggregating to Rs. 60.22 Crores (the "Fresh Issue") and an offer for sale of 8,00,000 equity shares by the promoter selling shareholder, Vishal Jain ("Offer For Sale") aggregating to Rs. 10.16 Crores, (hereinafter referred as "Promoter Selling Shareholders") out of which 4,58,000 equity shares of face value of Rs. 10/- each at an offer price of Rs. 127 per equity share for cash aggregating to Rs. 5.82 Crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. Offer of 50,84,000 equity shares of face value of Rs. 10 each, at an offer price of Rs. 127 per equity share for cash aggregating Rs. 64.57 Crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 27.26% and 25.01% respectively of the post-offer paid-up equity share capital of the company. Price Band: Rs. 127/- per equity share of face value of Rs. 10/- each. The floor price is 12.70 times of the face value of the equity shares. Bids can be made for a minimum of 2000 equity shares and in multiples of 1000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Vendor registrations and approvals across multiple states, supporting tender participation with government entities.
- In-House Manufacturing facilities supported by quality certifications.
- Geographically dispersed customer base.
- Experienced Promoter having domain knowledge.
- The company derives a major portion of its revenue from Government customers, particularly state-owned electricity distribution utilities ("DISCOMs"), and any reduction in Government expenditure, adverse changes in procurement policies or failures to secure tenders may adversely affect the company business, financial condition, results of operations and cash flows.
- The company derives a significant portion of its revenue from the sale of the company key product, namely Low Tension ("LT") cables. Any decline in demand for LT cables could has an adverse effect on its business, results of operations and financial condition.
- The company has recently commenced manufacturing of Low Tension (LT) cables in Fiscal 2023-24 and High Tension (HT) cables in Fiscal 2025-26 and given its limited operating history in these product categories, the company may faces operational, technical and commercial challenges that could adversely affect the company business, financial condition, results of operations and future growth prospects.
- Majority of the company revenue is derived from a limited number of customers, and any reduction in orders from such customers may adversely affect its business, financial condition, results of operations and cash flows.
- The Company had negative cash flows in the past, details of which is given below. Sustained negative cash flow could impact its growth and business.