Susan Electricals IPO GMP Today, Price & Details
Susan Electricals IPO GMP Today, Price Band, Subscription Status, Allotment & Listing Details
About Susan Electricals
Susan Electricals is set to launch its Initial Public Offering on the BSE SME platform, marking its entry into the public markets. The company operates within the electrical components sector, a vital area supporting diverse industrial and infrastructure development. With a focus on manufacturing and supplying electrical equipment, Susan Electricals aims to expand its operational capacity and market reach through this public issue. The scale of operations can be gauged from its recent revenue figures, indicating a significant presence in its segment.
Financially, Susan Electricals has demonstrated a notable track record. For the period under review, the company reported revenues of ₹269.36 Cr and a Profit After Tax (PAT) of ₹18.25 Cr. The IPO is structured as a combination of a fresh issue and an Offer for Sale (OFS). The total issue size stands at ₹70.38 Cr, comprising a fresh issue of ₹60.22 Cr aimed at funding the company's growth initiatives, and an OFS component of ₹10.16 Cr, allowing existing shareholders to divest a portion of their holdings.
In terms of competitive positioning, Susan Electricals leverages its established manufacturing capabilities and product portfolio. The funds raised through the fresh issue are earmarked for specific growth-oriented purposes, including working capital requirements and general corporate purposes, which should bolster its ability to capitalize on market opportunities. This strategic deployment of capital is crucial for sustaining its growth trajectory and enhancing its standing in the competitive electricals market.
Susan Electricals IPO — Investment Analysis
The valuation of Susan Electricals' IPO appears to be pitched at an attractive level, with a Price to Earnings (P/E) ratio of 10.04x based on its reported Earnings Per Share (EPS) of ₹11.96. This P/E multiple is calculated at the upper end of the price band of ₹120 per share. When compared to industry benchmarks, this valuation might offer a reasonable entry point for investors looking for exposure to the electricals sector. The company's ability to consistently generate earnings, as evidenced by its EPS, underpins this valuation, suggesting that the market is pricing in its profitability. However, investors should consider if this valuation adequately reflects the company's future growth prospects and the inherent risks associated with SME listings.
Susan Electricals showcases a robust financial health, characterized by strong profitability and efficient asset utilization. Its revenue trajectory, though not detailed here beyond a single period's figure of ₹269.36 Cr, is supported by healthy profit margins. The PAT stands at ₹18.25 Cr, and the EBITDA margin is reported at 11.91%, indicating effective operational management. What's particularly impressive are its return ratios: Return on Net Worth (RONW) at a commendable 47.42% and Return on Capital Employed (ROCE) at a solid 29.05%. These figures suggest that the company is effectively employing its capital to generate profits and is highly efficient in managing its equity base.
The growth outlook for Susan Electricals is intrinsically linked to the broader industrial and infrastructure development in India. As the nation continues to invest in these sectors, the demand for electrical components is expected to remain strong. The company's plan to utilize IPO proceeds for working capital and general corporate purposes suggests a focus on operational expansion and efficiency. However, key risks include the inherent volatility and scrutiny associated with SME listings, potential competition within the electricals sector, and any specific industry-related headwinds. The OFS component, while providing liquidity to existing shareholders, doesn't directly contribute to the company's growth capital, which is a point to consider.
While specific subscription data for this IPO isn't available in the provided context, the performance of SME IPOs can often be a barometer of market sentiment. High subscription levels across retail, HNI, and QIB categories (if applicable to this SME) typically indicate strong investor confidence and demand. Conversely, subdued subscriptions might signal caution. For an SME IPO, a robust subscription indicates a positive reception, potentially leading to a strong listing. Investors should closely monitor these subscription figures as they can influence the aftermarket performance and indicate the initial demand for the shares. Investors should consult a SEBI-registered financial advisor before making investment decisions.
Disclaimer: This analysis is auto-generated from publicly available financial data and should not be considered investment advice. Always consult a SEBI-registered financial advisor before making investment decisions.
Susan Electricals IPO — Pros & Cons
Strengths
- The company has demonstrated a strong Return on Net Worth (RONW) of 47.42% and a Return on Capital Employed (ROCE) of 29.05%. These high ratios indicate efficient utilization of shareholder funds and capital, suggesting a well-managed business that generates healthy returns on its investments.
- Susan Electricals boasts a healthy EBITDA margin of 11.91%, which signifies effective cost management and strong operational efficiency. This profitability metric is crucial as it reflects the company's core business performance before accounting for interest and taxes.
- The P/E ratio of 10.04x, based on an EPS of ₹11.96, appears attractive when compared to potential industry averages for similar companies. This suggests that the IPO is priced reasonably, offering investors a potentially good entry point into a profitable business.
- The company's PAT of ₹18.25 Cr on revenues of ₹269.36 Cr indicates a solid net profit margin, reflecting its ability to translate sales into bottom-line profit. This consistent profitability is a key indicator of financial strength.
- The IPO includes a significant fresh issue component of ₹60.22 Cr, which will be used to strengthen the company's financial base, primarily for working capital and general corporate purposes. This infusion of capital is expected to fuel future growth and operational expansion.
Risks
- As an SME IPO, Susan Electricals may face higher volatility and potentially lower liquidity compared to mainboard listings. This means share prices can fluctuate more significantly, and it might be harder to buy or sell large quantities of shares without impacting the price.
- The Offer for Sale (OFS) component of ₹10.16 Cr means a portion of the IPO proceeds will go to existing shareholders rather than directly to the company for its expansion. While this provides exit opportunities, it doesn't directly enhance the company's growth capital.
- The provided financial data is limited to a single period, making it challenging to assess long-term revenue trends, consistent profitability, and the sustainability of its high return ratios. A more comprehensive historical financial analysis would be beneficial for a thorough evaluation.
- The electricals sector is competitive, and Susan Electricals faces competition from both established players and emerging companies. Sustaining market share and margins will depend on its ability to innovate, maintain product quality, and manage costs effectively.
- While the P/E ratio of 10.04x appears attractive, the absence of detailed comparative valuations for listed peers within the SME segment makes it difficult to definitively assess if it's undervalued or overvalued. Investors should conduct their own peer analysis.
Susan Electricals IPO Details
| Company Name | Susan Electricals |
|---|---|
| IPO Type | SME |
| Exchange | BSE |
| Price Band | ₹120 - ₹120 |
| Face Value | ₹10 per share |
| Lot Size | 1000 shares |
| Min Investment | ₹120,000 |
| Total Issue Size | ₹70.38 Cr |
|---|---|
| Fresh Issue | ₹60.22 Cr |
| Offer for Sale | ₹10.16 Cr |
| Registrar | Mudra RTA Ventures Private Limited |
| Lead Manager | List of Issues managed, Seren Capital Pvt.Ltd. |
| IPO Status | Listed |
Susan Electricals IPO Dates
Susan Electricals IPO Subscription Status
Day-wise Subscription Trend
| Date | Retail | NII/HNI | QIB | Total |
|---|---|---|---|---|
| 15 Jun 2026 | 207.56x | 336.60x | 142.65x | 216.76x |
| 12 Jun 2026 | 19.16x | 22.51x | 7.31x | 16.50x |
| 11 Jun 2026 | 4.79x | 6.34x | 7.01x | 5.76x |
Susan Electricals IPO Listing Performance
Susan Electricals IPO listed on BSE on 18 Jun 2026 at ₹186, a premium of 55% over the issue price of ₹120. Investors who received allotment made a profit of ₹66,000 per lot (1000 shares) on listing day.
Susan Electricals IPO — Key Highlights
- The company reports an impressive Return on Net Worth (RONW) of 47.42%, indicating strong profitability relative to its equity base.
- Susan Electricals maintains a healthy EBITDA margin of 11.91%, showcasing its operational efficiency.
- The IPO is priced at a P/E ratio of 10.04x, based on an EPS of ₹11.96, suggesting a potentially attractive valuation.
- The fresh issue component of ₹60.22 Cr is designated for working capital and general corporate purposes, supporting future growth.
- The company generated a Profit After Tax (PAT) of ₹18.25 Cr on revenues of ₹269.36 Cr.
- Return on Capital Employed (ROCE) stands at a robust 29.05%, reflecting efficient use of capital.
Susan Electricals Financial Performance
| Metric (₹ Cr) | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Revenue | 103.48 | 135.74 | 269.36 |
| Expenses | 102.50 | 128.21 | 245.34 |
| Net Income (PAT) | 0.76 | 5.65 | 18.25 |
| Margin (%) | 0.73% | 4.16% | 10.49% |
Susan Electricals IPO Valuations & Key Metrics
Valuation Ratios
| EPS | ₹11.96 |
|---|---|
| P/E Ratio | 10.04x |
| NAV | ₹24.68 |
| Current Ratio | 1.22 |
| Debt/Equity | 1.730 |
Return Metrics
| RONW (%) | 47.42% |
|---|---|
| ROCE (%) | 29.05% |
| EBITDA Margin | 11.91% |
| Employees | 216 |
Susan Electricals IPO Reservation / Allocation
Susan Electricals IPO Anchor Investors
| Bid Date | 10 June 2026 |
|---|---|
| Shares Offered | 15,23,000 shares |
| Anchor Portion (INR Cr.) | INR 19.34 crore |
| Anchor lock-in period end date for 50% shares (30 Days) | 13 July 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | 9 September 2026 |
Susan Electricals IPO Lead Manager & Registrar
Book Running Lead Manager
List of Issues managed, Seren Capital Pvt.Ltd.
IPO Registrar
Mudra RTA Ventures Private Limited
Susan Electricals IPO — Frequently Asked Questions
What is Susan Electricals IPO GMP today?
As of today, the Grey Market Premium (GMP) for Susan Electricals IPO is ₹40 per share, indicating a potential listing premium of 33.3% above the issue price of ₹120.
What is the price band and lot size of Susan Electricals IPO?
Susan Electricals IPO has a price band of ₹120 to ₹120 per equity share with a face value of ₹10. The minimum lot size is 1000 shares, requiring a minimum investment of ₹120,000 at the upper band.
What are the important dates for Susan Electricals IPO?
Susan Electricals IPO opens for subscription on 11 Jun 2026 and closes on 15 Jun 2026. Allotment is expected on 16 Jun 2026. The shares are expected to list on BSE on 18 Jun 2026.
What is the investor category allocation in Susan Electricals IPO?
The shares are reserved as follows — Qualified Institutional Buyers (QIB): 49.94%, Non-Institutional Investors (NII/HNI): 15.05%, and Retail Individual Investors: 35.01%.
How can I apply for Susan Electricals IPO?
You can apply for Susan Electricals IPO through your bank's net banking ASBA facility or via UPI-based application through any stockbroker platform. Ensure you have sufficient funds in your bank account as the amount will be blocked until allotment. The registrar for this IPO is Mudra RTA Ventures Private Limited.
What is the subscription status of Susan Electricals IPO?
Susan Electricals IPO has been subscribed 216.76 times overall. Retail category: 207.56x, NII/HNI: 336.60x, QIB: 142.65x.
What is Susan Electricals IPO price band and lot size?
The Susan Electricals IPO has a fixed price band of ₹120 to ₹120 per share. The lot size for this IPO is 1000 shares, meaning the minimum investment required is ₹120,000 (1000 shares x ₹120). The face value of each share is ₹10.
Is Susan Electricals IPO worth investing in?
Susan Electricals presents a compelling picture with strong financial metrics, including a RONW of 47.42% and a P/E of 10.04x, suggesting efficient operations and potentially attractive valuation.
However, it's crucial to weigh these positives against the inherent risks of SME listings and the limited historical financial data available. Investors seeking exposure to the electricals sector and comfortable with SME risks might find it interesting, but a thorough personal assessment is key. Investors should consult a SEBI-registered advisor.
What is Susan Electricals IPO GMP today?
Grey Market Premium (GMP) for an IPO is an unofficial indicator of demand and is not provided in the given data. While GMP can offer a sense of market sentiment, it's highly speculative and can change rapidly. Relying solely on GMP for investment decisions is not advisable, and investors should always conduct thorough fundamental analysis before investing in any IPO, especially SME issues.
How to apply for Susan Electricals IPO?
You can apply for the Susan Electricals IPO through the ASBA (Application Supported by Blocked Amount) facility via your bank or through your stockbroker using net banking or their trading platforms. For retail investors, applying via UPI is also a common method. Your funds will be blocked in your account until the share allotment is finalized.