Susan Electricals IPO: GMP, Pricing, Allotment Details, and 2026 Profit Projections Revealed!
Susan Electricals is set to enter the Indian IPO market with its offering scheduled from June 11 to June 15, 2026. The company aims to raise between INR 66.50 crore to INR 70.38 crore by offering 55,42,000 shares at a price band of INR 120 to INR 127 per share. The IPO consists of a fresh issue of 47,42,000 shares along with an offer for sale of 8,00,000 shares. The minimum bid lot is set at 2,000 shares, making the starting investment for retail investors around INR 2,54,000. The listing for Susan Electricals will take place on the BSE SME platform, catering to small and medium enterprises. Promoted by Vishal Jain and Mahak Jain, the company is primarily focused on the production of aluminium and copper-based electrical components critical for power distribution infrastructure.
In terms of financials, Susan Electricals has shown promising growth with revenues increasing from INR 77.34 crores in FY 2023 to an estimated INR 135.74 crores in FY 2025. The company is projecting significant net income growth as well, with earnings per share (EPS) anticipated to reach INR 5.71 by FY 2025. While the IPO’s grey market sentiment has yet to be officially reported, generally optimistic market conditions could be anticipated given the government’s focus on enhancing electricity distribution networks and the firm’s established reputation in tender-based contracts. Investors would be eager to monitor the grey market premium (GMP) as it could serve as an early indication of market enthusiasm for the issue.
For Indian investors, the Susan Electricals IPO presents a unique opportunity to invest in a segment poised for growth, particularly given the government’s push for infrastructure development. The company’s reliance on B2B and B2G sectors underlines its stable revenue streams, primarily dependent on government contracts. However, with a minimum bid requirement that is relatively high at INR 2,54,000 for retail investors, it may limit participation from smaller investors. As the IPO approaches, tracking trends in the grey market and subscription levels will be critical for gauging immediate interest and potential long-term performance of the stock upon its listing on the BSE SME platform.
Source: The Economic Times
(Expert Note: This report was prepared by the Wealthova IPO team.)