BSE List Price : ₹186.00

subscription

Category	Times
QIBs	142.65x
HNIs	336.6x
Retail	207.56x
Total : 216.76x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	2,000	₹254,000
Retail Maximum	2	2,000	₹254,000
S-HNI Minimum	3	3,000	₹381,000
S-HNI Maximum	7	7,000	₹889,000
B-HNI Minimum	8	8,000	₹1,016,000

About the Company

Founded in 2007, Susan Electricals India is engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors, and power cables. The company produces winding wires and strips that are widely used in transformers, motors, alternators, coils, and various other electrical applications. It also manufactures aluminium stranded conductors used in overhead power transmission and distribution networks.

The company’s product portfolio includes Low Tension (LT) Cables, PVC Insulated Cables, XLPE Insulated Cables, LT Aerial Bunched (AB) Cables, and High Tension (HT) Cables, available in a range of specifications and sizes. Its customer base comprises infrastructure developers, EPC contractors, and companies operating in the wires, cables, and conductors industry. The manufacturing facility is located in Ghaziabad, Uttar Pradesh. During FY25, the company marketed and supplied its products across seven states, including Uttar Pradesh, Jharkhand, Madhya Pradesh, and Karnataka.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹77.56	₹77.00	₹0.40	₹33.58
2024	₹103.59	₹102.50	₹0.76	₹38.08
2025	₹136.05	₹128.21	₹5.65	₹73.68
2026	₹269.96	₹245.34	₹18.25	₹130.05

Company Promoter

Vishal Jain

Mahak Jain

Know before investing

• • Strengths

  Established Government Vendor Credentials: The company is approved and registered with several state DISCOMs and government programs, allowing it to bid for and execute power sector tenders across multiple states.

  Integrated Manufacturing Infrastructure:The company operates three captive manufacturing facilities in Ghaziabad, Uttar Pradesh, dedicated to the production of winding wires, conductors, and cables, backed by certified quality standards and manufacturing capabilities.

• • Risks

  Quality and Regulatory Compliance Risk: The company’s products are required to adhere to BIS regulations and customer-defined technical specifications. Any inability to maintain prescribed quality, safety, certification, or inspection standards could adversely affect operations, customer confidence, and overall business performance.

  Government Customer Dependency Risk: A considerable portion of the company’s revenue is derived from DISCOMs and other government agencies. Any decrease in government procurement, reduced tender issuance, or changes in purchasing policies and regulations may negatively impact sales, profitability, and future growth.

Objects of the Issue & Utilisation of proceeds

Funding of Capital expenditure towards Expansion of existing Manufacturing Facility situated at Plot No.18/31, Sahibabad, Ghaziabad, Uttar Pradesh.

Funding of Working Capital Requirements.

General Corporate Purpose.

Company  Address

Susan Electricals India Ltd.
1703, Nirmal Tower,
26, Barakhamba Road,
Connaught Plaza
New Delhi, New Delhi, 110001
Phone: 0120-4331296
Email: office@seil.net.in
Website: https://seil.net.in/

IPO Registrar

Mudra RTA Ventures Private Limited
Phone: +919870297591
Email: ipo@mudrarta.com
Website: https://mudrarta.com/

IPO Review

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