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Susan Electricals India Ltd
SMEListed
Open:Thu, 11 Jun 2026
Close:Mon, 15 Jun 2026
Lot Size:1000 Shares
Price Band:₹ 120 - ₹ 127
Listing:BSE
Fresh Issue:60.22 Cr
OFS:10.16 Cr
Total IPO Size:70.38 Cr
QIB : 49.94%
Retail : 35.01%
Total HNI : 15.05%
EventDate
Open Date11-06-2026 , Thursday
Close Date15-06-2026 , Monday
Tentative Allotment16-06-2026 , Tuesday
Tentative Listing Date18-06-2026 , Thursday
Retail Appl. Cut Off Time15-06-2026 , Monday 05:00 PM
Non Retail Appl. Cut Off Time15-06-2026 , Monday 04:00 PM
Anchor Allotment10-06-2026 , Wednesday
Initiation Of Refund17-06-2026 , Wednesday
Credit Of Share To Demat17-06-2026 , Wednesday
IPORupee Business Overview

Susan Electricals India Limited IPO

Business overview, IPORupee business insight and investor education based on the Red Herring Prospectus dated June 06, 2026.

Company Overview

Susan Electricals India Limited is engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors and cables in various specifications, sizes and configurations. The company operates in the electrical wires, cables, conductors and winding wires industry, which is closely linked with India power distribution, electrification, infrastructure, EPC and transformer-related demand.

The company was incorporated in 2007 as Suvish Insulation Private Limited. Later, its name was changed to Susan Electricals India Private Limited in 2010. It was subsequently converted into a public limited company and renamed Susan Electricals India Limited in December 2025.

The company registered office is located at Nirmal Tower, Connaught Place, New Delhi, while its corporate office is located at Ghaziabad, Uttar Pradesh. The promoters of the company are Vishal Jain and Mahak Jain.

2007Year of incorporation
BSE SMEProposed listing platform
3Manufacturing facilities

Main Business

Susan Electricals manufactures products under two broad categories: cables, and wires and conductors.

Cables

Under the cables segment, the company manufactures Low Tension cables, Low Tension Aerial Bunched cables up to 1.1 kV, High Tension cables of specified voltage grades and Medium Voltage Covered Conductor cables.

Wires and Conductors

Under the wires and conductors segment, the company manufactures winding aluminium wires and strips, winding copper wires and strips and aluminium conductors.

Customer Segments

The company supplies products to state-owned electricity distribution utilities, private infrastructure development companies, EPC contractors and entities operating in the electrical wires, cables and conductor segment.

Business Model

Government supplies are mainly through tender-based procurement, while private supplies are generally through purchase orders and commercial relationships.

Product Portfolio

Product CategoryProducts
Low Tension CablesLT cables and LT aerial bunched cables up to 1.1 kV
High Tension CablesHT cables of specified voltage grades
MVCC CablesMedium Voltage Covered Conductor cables
Winding WiresWinding aluminium wires and strips, winding copper wires and strips
ConductorsAluminium conductors
Trading ProductsAluminium wires, aluminium rods, aluminium or zinc ingots and related raw material products
Job Work ServicesProcessing of winding wires and strips for certain customers

Revenue from Government and Private Customers

Susan Electricals has historically derived a meaningful part of revenue from government customers, mainly state-owned electricity distribution utilities. However, the revenue mix has shifted in FY2026, with private sector entities contributing a larger share.

Customer TypeFY2026 RevenueFY2026 ShareFY2025 ShareFY2024 Share
Government entitiesRs. 9,638.23 lakhs35.78%49.40%90.55%
Private entitiesRs. 17,297.43 lakhs64.22%50.60%9.45%
Total Revenue from OperationsRs. 26,935.66 lakhs100.00%100.00%100.00%

This shows that the company has moved from very high government dependency in FY2024 to a more balanced mix in FY2026. However, government customers still remain important because DISCOM orders are linked to tenders, public sector procurement and power distribution capex.

Product-wise Revenue Mix

ParticularsFY2026 RevenueFY2026 ShareFY2025 ShareFY2024 Share
Total Revenue from Manufacturing ProductsRs. 16,082.88 lakhs59.71%81.84%64.76%
Total Revenue from Traded ProductsRs. 10,337.16 lakhs38.38%14.38%30.24%
Total Revenue from ServicesRs. 146.28 lakhs0.54%1.90%2.68%
Other Operating RevenueRs. 369.34 lakhs1.37%1.88%2.32%
Total Revenue from OperationsRs. 26,935.66 lakhs100.00%100.00%100.00%

The manufacturing segment remains the main business, but trading revenue increased significantly in FY2026. Trading activities contributed 38.38% of revenue in FY2026, compared with 14.38% in FY2025 and 30.24% in FY2024. Since trading is generally a lower-margin business compared with manufacturing, investors should separately evaluate the quality of revenue growth.

Manufacturing Facilities

Susan Electricals India Limited operates three manufacturing facilities in Ghaziabad, Uttar Pradesh.

UnitLocationArea
Unit ISSGT Road, Ghaziabad, Uttar PradeshApproximately 496.60 square metres
Unit IIPlot No. 18/27, Site IV, Sahibabad Industrial Area, GhaziabadApproximately 1,924.50 square metres
Unit IIIPlot No. 18/31, Site IV, Sahibabad Industrial Area, GhaziabadApproximately 4,716.68 square metres

The company facilities have aggregate installed capacity of 3,307.50 tonnes per annum for winding aluminium wires, winding copper wires and strips, and 7,500 km per annum for HT cables, LT cables and MVCC cables.

Capacity Utilisation

UnitProductFY2026 Installed CapacityFY2026 Actual ProductionFY2026 Utilisation
Unit IWinding aluminium or copper wire and strip3,307.50 tonnes1,893.00 tonnes57.23%
Unit IILT, HT and MVCC cables6,000 km5,619 km93.65%
Unit IIILT, HT and MVCC cables1,500 km962 km64.13%

Unit II shows high utilisation in FY2026, while Unit I and Unit III have moderate utilisation. Unit III commenced manufacturing operations in April 2025, so older year comparison is not available for that unit.

IPO Offer Details

Susan Electricals India Limited IPO is a 100% book-built SME IPO proposed to be listed on BSE SME. The offer comprises both a fresh issue and an offer for sale.

ParticularsDetails
IPO TypeFresh Issue and Offer for Sale
Fresh IssueUp to 47,42,000 equity shares
Offer for SaleUp to 8,00,000 equity shares
Total OfferUp to 55,42,000 equity shares
Face ValueRs. 10 per equity share
Listing PlatformBSE SME
RegistrarMudra RTA Ventures Private Limited
Book Running Lead ManagerSeren Capital Private Limited
Anchor Bidding DateJune 10, 2026
IPO OpensJune 11, 2026
IPO ClosesJune 15, 2026

The Offer for Sale is by Vishal Jain, one of the promoters. The company will not receive proceeds from the Offer for Sale portion. The fresh issue proceeds will be available to the company after offer-related expenses.

Objects of the Issue

The company proposes to utilise the net proceeds from the fresh issue for the following purposes.

ObjectAmount
Capital expenditure for expansion of existing manufacturing facility at Plot No. 18/31, Sahibabad, GhaziabadRs. 1,029.49 lakhs
Funding working capital requirementsRs. 3,300.00 lakhs
General corporate purposesTo be finalised

The company proposes to use Rs. 2,500.00 lakhs in FY2026-27 and Rs. 800.00 lakhs in FY2027-28 towards working capital requirements.

Expansion Plan

The company plans to expand its existing manufacturing facility situated at Plot No. 18/31, Site IV, Sahibabad Industrial Area, Ghaziabad. The proposed expansion includes construction of an additional shed, installation of a new 6 to 33 kV Triple Layer Continuous Catenary Vulcanization line and installation of a rigid stranding machine.

The Continuous Catenary Vulcanization line is expected to enhance production capacity for HT and MVCC cables, improve insulation quality and uniformity, reduce rejection and material wastage, and streamline manufacturing operations through continuous vulcanization technology.

The total estimated cost of the proposed facility is Rs. 1,080.96 lakhs. Out of this, Rs. 1,029.49 lakhs is proposed to be met from offer proceeds and Rs. 51.47 lakhs is proposed to be met from internal accruals as contingency.

Financial Performance

ParticularsFY2026FY2025FY2024
Revenue from OperationsRs. 26,935.66 lakhsRs. 13,573.97 lakhsRs. 10,348.21 lakhs
EBITDARs. 3,208.22 lakhsRs. 1,200.28 lakhsRs. 363.63 lakhs
Profit After TaxRs. 1,824.64 lakhsRs. 565.10 lakhsRs. 75.58 lakhs
Basic and Diluted EPS11.965.711.11
Return on Net Worth47.42%31.43%12.17%
NAV per Equity Share24.6811.946.94

The company has shown strong growth in revenue and profitability from FY2024 to FY2026. Revenue from operations increased from Rs. 10,348.21 lakhs in FY2024 to Rs. 26,935.66 lakhs in FY2026. Profit After Tax increased from Rs. 75.58 lakhs in FY2024 to Rs. 1,824.64 lakhs in FY2026. EBITDA also improved significantly from Rs. 363.63 lakhs in FY2024 to Rs. 3,208.22 lakhs in FY2026.

Cash Flow Position

The company has reported negative cash flow from operating activities in the last three financial years.

ParticularsFY2026FY2025FY2024
Net Cash Flow from Operating ActivitiesRs. -971.42 lakhsRs. -1,839.33 lakhsRs. -549.22 lakhs

Negative operating cash flow is an important point for investors. Even though profit has increased sharply, cash flow has remained negative due to working capital pressure, increase in inventories and trade receivables.

Working Capital and Receivables

Susan Electricals is a working-capital intensive business. The company sells to DISCOMs, EPC companies and private sector customers, where payment cycles can be longer.

Inventories increased to Rs. 5,065.72 lakhs in FY2026 from Rs. 2,866.30 lakhs in FY2025 and Rs. 1,044.38 lakhs in FY2024. Trade receivables increased to Rs. 4,630.96 lakhs in FY2026 from Rs. 2,505.04 lakhs in FY2025 and Rs. 1,302.98 lakhs in FY2024.

This is one of the key reasons why the company requires IPO proceeds for working capital.

Key Strengths

StrengthExplanation
Presence in power distribution-linked productsThe company manufactures products used in distribution networks, transformer applications, overhead lines and underground cabling.
Product expansion into LT, HT and MVCC cablesThe company started manufacturing LT cables in FY2023-24 and HT cables in FY2025-26 and proposes further expansion.
Growth in revenue and profitabilityRevenue, EBITDA and PAT increased sharply from FY2024 to FY2026.
Mix of government and private customersIn FY2026, private entities contributed 64.22% of revenue and government entities contributed 35.78%.
Experienced promoterPromoter Vishal Jain has over 22 years of experience in the electrical wires, cables, conductors and winding wires industry.

Key Risks

High customer concentration

Revenue from the top 10 customers accounted for 63.68% in FY2026, 95.94% in FY2025 and 98.00% in FY2024. Any reduction in orders from these customers may adversely affect revenue and cash flows.

Dependence on government tenders and DISCOMs

Supplies to government customers are based on tender processes. The company may face risks from cancellation of tenders, delay in tenders, change in eligibility criteria, lower capital expenditure by DISCOMs or increased competition.

Negative operating cash flow

The company reported negative operating cash flow in FY2026, FY2025 and FY2024. This means profit growth has not fully converted into operating cash flow.

Trading revenue has increased

Trading revenue contributed 38.38% of FY2026 revenue. Trading can help scale revenue but may have lower margins compared with manufacturing.

Raw material price risk

Raw material cost was 87.09%, 86.38% and 88.69% of revenue from operations in FY2026, FY2025 and FY2024 respectively. Any adverse movement in aluminium or copper prices may affect margins.

Supplier concentration

Purchases from top 10 suppliers constituted 49.70%, 57.12% and 63.58% of total purchases in FY2026, FY2025 and FY2024 respectively. Any disruption from key suppliers may affect production and order fulfilment.

Geographic concentration

The company manufacturing facilities are concentrated in Ghaziabad, Uttar Pradesh. Domestic sales are also significantly linked to Uttar Pradesh. In FY2026, Uttar Pradesh contributed 47.04% of revenue.

Recent product expansion risk

The company recently started LT cable manufacturing in FY2023-24 and HT cable manufacturing in FY2025-26. The limited operating history in these newer product categories may create technical, operational and commercial challenges.

Compliance and documentation issues

The RHP mentions discrepancies, errors and delays in certain filings with the Registrar of Companies and some historical corporate secretarial records being untraceable. Any future regulatory action may affect reputation and financial position.

IPORupee Business Insight

Susan Electricals India Limited is a power distribution and electrical infrastructure-linked SME IPO. The company is not a consumer-facing electrical goods company. Its business is more B2B and tender-oriented, supplying cables, wires and conductors to DISCOMs, EPC contractors and other electrical industry participants.

The biggest positive is that the company operates in a sector where demand is linked with electrification, power distribution upgrades, transformer demand, infrastructure development and grid strengthening. Products such as LT cables, HT cables and MVCC cables are relevant for India distribution network improvement and infrastructure growth.

The second positive is the sharp improvement in financial performance. Revenue, EBITDA and PAT have increased significantly from FY2024 to FY2026. The company has also shown strong Return on Net Worth in FY2026.

However, IPORupee view is that investors should not look only at revenue and PAT growth. The company has negative operating cash flow, high working capital needs, customer concentration, raw material price exposure and significant trading revenue. These factors can affect sustainability of profitability.

The IPO proceeds are partly going towards working capital, which is understandable given the rise in inventories and receivables. But investors should watch whether the company can improve cash conversion after the IPO.

The proposed capex for HT and MVCC cables can support future growth if demand remains strong and the company can execute orders profitably. However, new capacity also brings execution risk, capacity utilisation risk and competitive pricing pressure.

Overall, Susan Electricals India Limited appears to be a growth-stage SME manufacturing company with exposure to the electrical infrastructure cycle. The IPO should be evaluated carefully on valuation, working capital comfort, customer concentration and sustainability of FY2026 profit growth.

IPORupee Education

What does Susan Electricals manufacture?

Susan Electricals manufactures cables, wires and conductors used in power distribution, transformer winding, motor winding, overhead lines and underground cabling.

What are LT cables?

LT cables mean Low Tension cables. These are used in low voltage power distribution. They are common in electricity distribution networks and industrial or infrastructure applications.

What are HT cables?

HT cables mean High Tension cables. These are used for higher voltage power transmission and distribution. They require stricter quality control, insulation strength and testing standards.

What are MVCC cables?

MVCC means Medium Voltage Covered Conductor cables. These are used in overhead power distribution networks where covered conductors help improve safety and reduce technical losses.

Why is working capital important in this IPO?

Cable and conductor businesses often need large working capital because they require raw material inventory and also sell to customers with credit periods. If receivables rise and inventories rise, cash gets blocked in business.

Why is customer concentration risky?

If a large portion of revenue comes from a few customers, any reduction in orders, delay in payments or loss of a large customer can affect the company revenue and cash flow.

Why is trading revenue important to study?

Trading revenue can increase topline quickly, but margins may be lower than manufacturing. Investors should check whether profit growth is coming from sustainable manufacturing operations or lower-margin trading activity.

Why are aluminium and copper prices important?

Aluminium and copper are key raw materials for electrical wires and cables. If prices rise and the company cannot pass on the increase to customers, margins can reduce.

Important Note on Lot Size and Application Amount

This is an SME IPO proposed to be listed on BSE SME. In SME IPOs, the lot size and actual minimum application quantity can sometimes differ from early IPO details or pre-final documents. Investors should verify the final bid quantity, lot size, price band and blocked amount directly on their broker platform before approving the UPI mandate. Do not rely only on early screenshots or informal IPO notes.

IPORupee View

Susan Electricals India Limited has shown strong growth in FY2026 and operates in a sector connected with power distribution and electrical infrastructure. The company proposed expansion into HT and MVCC cables may support future growth if execution and demand remain favourable.

However, the IPO also carries clear SME risks. The company has negative operating cash flows, high working capital needs, customer concentration, supplier concentration, raw material price sensitivity and a meaningful contribution from trading revenue. Investors should also note the recent expansion into newer cable categories and the need to maintain quality standards in tender-based supply.

From IPORupee view, this IPO should be studied as a working-capital intensive electrical infrastructure SME IPO. The key question is not only whether revenue is growing, but whether the company can convert growth into sustainable operating cash flow and stable margins.

Disclaimer

This article is for educational and informational purposes only. It is not a recommendation to apply, buy, sell or hold any securities. IPO investments are subject to market risk, business risk, valuation risk, liquidity risk and SME platform risk. Investors should read the RHP, consult their financial advisor and make their own decision before investing. We are not SEBI registered investment advisors.

Subscription Data

CategorySize
(In Cr)		Subscribed
(In Cr)		No of Times
(x)
QIB12.901,840.70142.65
bNII (Above 10L)6.482,525.83389.97
sNII (2L to 10L)3.24744.40229.86
NII Total9.723,270.23336.44
Retail22.614,692.02207.56
Total45.239,802.95216.76
CategoryPercentageNo. of Shares OfferedAmount
QIB
49.94 %
25,39,000
32.25 Cr
Retail
35.01 %
17,80,000
22.61 Cr
Total HNI
15.05 %
7,65,000
9.72 Cr
SHNI
5.02 %
2,55,000
3.24 Cr
BHNI
10.03 %
5,10,000
6.48 Cr
Market Maker
0.00 %
4,58,000
5.82 Cr

Susan Electricals India Ltd allotted 15,23,000 equity shares to anchor investors at ₹127 per share on 10 Jun 2026 before the IPO opening. The total anchor allocation stood at 19.34 Cr across 5 anchor investors.

The largest anchor investor received 36.64% of the anchor portion. The top five anchor investors together received 15,23,000 shares, representing about 100.00% of the total anchor allocation.

Top 5 Anchor Investors

RankAnchor Investor NameShares AllocatedAllocation %Allocation Amount
1Motilal Oswal Finvest Limited5,58,00036.64 %7.09 Cr
2Sageone - Flagship Growth OE Fund2,95,00019.37 %3.75 Cr
3Shine Star Build Cap Private Limited2,95,00019.37 %3.75 Cr
4Vikasa India EIF I Fund - Incube Global Opportunities2,95,00019.37 %3.75 Cr
5ArthaSanchay Investment Trust - Arthasanchay Growth Fund80,0005.25 %1.02 Cr

The figures are based on the company’s stock exchange anchor allotment intimation. Anchor allocation is only an informational disclosure and does not indicate future listing performance.

ApplicationDiscountQty (Lot)Total
Retail MIN
-
2000 (2)
₹ 2,54,000
Retail MAX
-
2000 (2)
₹ 2,54,000
SHNI MIN
-
3000 (3)
₹ 3,81,000
SHNI MAX
-
7000 (7)
₹ 8,89,000
BHNI MIN
-
8000 (8)
₹ 10,16,000
ObjectiveNo Of SharesAmount
Fresh Issue
47,42,000
60.22 Cr
Offer for Sale
8,00,000
10.16 Cr
DocumentAction
RHPView
Anchor AllotmentView
IPO Contact Details
Registered Office
1703, Nirmal Tower, 26, Barakhamba Road, Connaught Place, New Delhi, India, 110001
Corporate Office
1703, Nirmal Tower, 26, Barakhamba Road, Connaught Place, New Delhi, India, 110001
Contact Person
Reshma Shukla - Company Secretary and Compliance Officer
Telephone
Registrar to Issue Details
Registrar Name
Mudra RTA Ventures Private Limited
Contact Person
Akshay Tanwar

Lead Managers

NameContact PersonTelephoneEmailWebsite
Seren Capital Private Limited
Akun Goyal / Tripti Pathani
+91-22-46011058
info@serencapital.in
www.serencapital.in
IPO Details

Susan Electricals India Ltd IPO Details FAQs

Understand company details, IPO size, price band, lot size, exchange listing, fresh issue and Offer for Sale (OFS) in simple language for retail investors.

Which company's IPO is this?

This IPO is of Susan Electricals India Ltd. The issue is scheduled to open on Thursday, 11 June 2026 and closes on Monday, 15 June 2026.

After the IPO process is completed, the shares are proposed to be listed on BSE.

What is the IPO size?

IPO size means the total amount offered to investors through the public issue.

For Susan Electricals India Ltd IPO, the total issue size is Rs 70.38 crore, consisting of a fresh issue of Rs 60.22 crore and an Offer for Sale (OFS) of Rs 10.16 crore.

What is the price band or issue price?

Price band is the price range within which investors can bid for shares in a book-built IPO.

For this IPO, the lower price band is Rs 120 per share and the upper price band is Rs 127 per share.

What is the lot size?

Lot size is the minimum number of shares an investor must apply for in an IPO. IPO applications are usually made in fixed lot multiples.

For Susan Electricals India Ltd IPO, the minimum application size is 2,000 shares, or 2 lots. At the upper price band of Rs 127 per share, the minimum application amount is Rs 2,54,000. Applications must be made in multiples of 1,000 shares.

What is Fresh Issue in this IPO?

Fresh Issue means the company issues new shares to investors and receives money from that part of the IPO.

For Susan Electricals India Ltd IPO, the Fresh Issue size is Rs 60.22 crore. The company can use these funds for purposes mentioned in the IPO documents, such as business growth, repayment of borrowings, working capital, capital expenditure, or general corporate purposes.

What is Offer for Sale (OFS) in this IPO?

Offer for Sale (OFS) means existing shareholders sell their shares to the public through the IPO.

For Susan Electricals India Ltd IPO, the Offer for Sale (OFS) size is Rs 10.16 crore. In an OFS, the selling shareholders receive the money, and the company usually does not receive funds from that portion.

IPO Timeline

Susan Electricals India Ltd IPO Timeline FAQs

Understand the important IPO dates, allotment process, refund schedule and listing timeline in a retail-friendly format.

What is the IPO opening date?

The IPO opening date is the first day on which investors can apply for the public issue.

For Susan Electricals India Ltd IPO, the IPO opens on Thursday, 11 June 2026.

What is the IPO closing date?

The IPO closing date is the last day on which investors can submit, modify, or cancel their IPO applications.

Susan Electricals India Ltd IPO closes on Monday, 15 June 2026.

When is the tentative allotment date?

The tentative allotment date is the expected date on which the registrar finalizes the share allotment for valid IPO applications.

For Susan Electricals India Ltd IPO, the tentative allotment date is Tuesday, 16 June 2026.

When is the tentative listing date?

The tentative listing date is the expected date on which IPO shares begin trading on the stock exchanges.

Susan Electricals India Ltd IPO is expected to list on Thursday, 18 June 2026.

When do refunds and demat credit happen?

After allotment, funds are unblocked or refunds are initiated for non-allotted investors, while allotted shares are credited to investors' demat accounts before listing.

For Susan Electricals India Ltd IPO, refund initiation is expected on Wednesday, 17 June 2026, and credit of shares to demat accounts is expected on Wednesday, 17 June 2026.

IPO Structure

Susan Electricals India Ltd IPO Structure FAQs

Understand IPO category-wise reservation, QIB quota, retail quota, HNI allocation, shareholder reservation and the meaning of structure columns in a simple format.

What is the IPO structure?

IPO structure shows how shares are divided among different categories of investors, such as QIB, Retail, NII/HNI, Employees, and Shareholders.

For Susan Electricals India Ltd IPO, the available categories in the structure table include QIB, Retail, Non-Institutional Investors (NII/HNI), Market Maker. The NII/HNI category includes SHNI and BHNI sub-categories. Investors can use this table to understand category-wise allocation before applying.

What is the QIB category?

QIB stands for Qualified Institutional Buyers. This category includes mutual funds, banks, insurance companies, and other large financial institutions.

In Susan Electricals India Ltd IPO, 49.94% shares are reserved under the QIB category, with 25,39,000 shares offered, and an allocation amount of ₹32.25 crore.

What is the Retail category?

The Retail category is reserved for individual investors and HUFs applying within the SME retail application limit, which is generally up to 2 lots under IPO rules.

In Susan Electricals India Ltd IPO, 35.01% shares are reserved under the Retail category, with 17,80,000 shares offered, and an allocation amount of ₹22.61 crore.

What is the NII/HNI category?

NII/HNI stands for Non-Institutional Investors / High Net-Worth Individuals. This category generally includes investors applying for more than Rs 2 lakh, above the retail investment limit.

In Susan Electricals India Ltd IPO, 15.05% shares are reserved under the NII/HNI category, with 7,65,000 shares offered, and an allocation amount of ₹9.72 crore.

What is the SHNI category?

SHNI stands for Small HNI. It is a sub-category within the NII/HNI category and generally refers to applications for more than Rs 2 lakh but not exceeding Rs 10 lakh.

In Susan Electricals India Ltd IPO, 5.02% shares are reserved under the SHNI sub-category, with 2,55,000 shares offered, and an allocation amount of ₹3.24 crore.

What is the BHNI category?

BHNI stands for Big HNI. It is a sub-category within the NII/HNI category and generally refers to applications for more than Rs 10 lakh.

In Susan Electricals India Ltd IPO, 10.03% shares are reserved under the BHNI sub-category, with 5,10,000 shares offered, and an allocation amount of ₹6.48 crore.

What is the Market Maker category?

Further in Susan Electricals India Ltd IPO, Market Maker is one of the categories available in the IPO structure, if applicable.

In Susan Electricals India Ltd IPO, with 4,58,000 shares offered, and an allocation amount of ₹5.82 crore.

Investors should read the offer documents for more details about this category.

Lot Size Details

Susan Electricals India Ltd IPO Lot Size FAQs

Understand retail lot size, HNI application limits, employee category, shareholder category and investment amount calculations using the IPO lot table.

What is lot size in an IPO?

Lot size is the minimum number of shares an investor must apply for in an IPO. IPO applications are usually made in fixed lot multiples.

For Susan Electricals India Ltd IPO, the minimum application size is 2,000 shares, or 2 lots. At the upper price band of Rs 127 per share, the minimum application amount is Rs 2,54,000. Applications must be made in multiples of 1,000 shares.

What is Retail minimum application?

Retail minimum application shows the minimum application size for retail investors.

For Susan Electricals India Ltd IPO, the Retail minimum application is 2,000 shares (2 lots) for about Rs 2,54,000.

What is Retail maximum application?

Retail maximum application shows the maximum application size generally available under the retail category.

For Susan Electricals India Ltd IPO, the Retail maximum application is 2,000 shares (2 lots) for about Rs 2,54,000.

What is SHNI minimum application?

SHNI minimum application shows the minimum application size for the Small HNI category.

For Susan Electricals India Ltd IPO, the SHNI minimum application is 3,000 shares (3 lots) for about Rs 3,81,000.

What is SHNI maximum application?

SHNI maximum application shows the maximum application size available under the Small HNI category, when provided.

For Susan Electricals India Ltd IPO, the SHNI maximum application is 7,000 shares (7 lots) for about Rs 8,89,000.

What is BHNI minimum application?

BHNI minimum application shows the minimum application size for the Big HNI category.

For Susan Electricals India Ltd IPO, the BHNI minimum application is 8,000 shares (8 lots) for about Rs 10,16,000.

Financial Highlights

Susan Electricals India Ltd IPO Financial FAQs

Understand important financial figures in simple language using the financial statement data available for the IPO.

What are Financial Highlights?

Financial Highlights show important numbers from the company's financial statements. These may include income, expenses, profit, assets, liabilities, cash flow and other financial information, depending on the data available for the IPO.

The table displays available financial data based on the IPO information currently available. Fields may differ from company to company depending on disclosures and reporting format.

How should investors read the Financial Highlights table?

Investors should read the table to understand the company's financial performance and financial position over different periods.

The table may help users review income, expenses, profitability, balance sheet position, cash movement or other financial information, depending on the available data.

Why can financial line items differ between IPOs?

Financial statement line items may differ because companies operate in different industries and may follow different reporting formats.

Some companies may provide detailed financial breakup, while others may present broader financial categories.

What should investors check in financial data?

Investors should review income, expenses, profitability, debt position, asset base, liabilities and cash flow position together.

A single financial figure should not be used alone to judge the company.

Why is profit not enough to judge an IPO?

Profit is important, but it does not show the full financial picture.

Investors should also review revenue quality, expenses, debt, assets, liabilities, cash flow, valuation and business risks.

Why is cash flow important in financial analysis?

Cash flow helps investors understand how money moves in and out of the business.

A company may report profit but still face cash flow pressure, so cash flow should be reviewed along with profit, debt and balance sheet information.

Should investors rely only on Financial Highlights?

No. Financial Highlights are useful, but investors should also review valuation, peer comparison, KPI data, business risks, IPO pricing, management discussion and official offer documents such as the RHP or DRHP.

Peer Comparison

Susan Electricals India Ltd IPO Peer Comparison FAQs

Understand how the company may be compared with similar businesses using the peer comparison data available for the IPO.

What is Peer Comparison?

Peer Comparison means comparing the IPO company with businesses operating in a similar sector or industry.

It helps investors understand the company in a broader industry context.

Why is Peer Comparison useful?

Peer Comparison helps investors understand how the company can be compared with similar businesses using available financial or valuation metrics.

It is useful for context, but it should not be treated as a final investment conclusion.

Why can peer comparison metrics differ?

Peer comparison metrics may differ depending on the companies selected, accounting format, business model and available public information.

Investors should compare only relevant and similar metrics.

How should investors read a Peer Comparison table?

Investors should use the peer comparison table as a reference point.

Available metrics should be read together with business model, scale, profitability, margins, debt, growth, valuation and IPO pricing.

Can Peer Comparison decide whether an IPO is good or bad?

No. Peer Comparison does not directly decide whether an IPO is good or bad.

It only provides context for comparison. Final analysis should include financial statements, KPI data, valuation, risk factors and official offer documents.

Should investors rely only on Peer Comparison?

No. Peer Comparison is only one part of IPO analysis.

Investors should also review financial statements, KPI data, business risks, valuation, IPO pricing and company fundamentals.

Key Performance Indicators

Susan Electricals India Ltd IPO KPI FAQs

Understand important KPI metrics in simple language using the key performance indicator data available for the IPO.

What are Key Performance Indicators (KPIs)?

Key Performance Indicators, or KPIs, are financial and valuation metrics used to understand profitability, efficiency, leverage, return-based ratios and earnings performance.

They help investors understand the company beyond basic financial figures.

Why are KPIs important for IPO investors?

KPIs help investors assess profitability, capital efficiency, leverage, valuation and earnings quality.

They should be reviewed together with financial statements, peer comparison and IPO pricing.

Why can KPI availability differ between IPOs?

KPI data may differ depending on the company, industry, financial disclosures and available offer document information.

Not every IPO may provide every KPI, and some metrics may not be applicable to every business.

How should investors read KPI metrics?

Investors should read KPI metrics together instead of relying on one ratio.

A single KPI may not give the full picture unless it is reviewed with financial statements, peer comparison, business model and valuation.

Can high or low KPI values directly decide investment quality?

No. High or low KPI values need context.

The meaning of a ratio may differ depending on industry, business model, debt level, growth stage, profitability and IPO valuation.

Should investors rely only on KPI data?

No. KPI data is useful, but it should not be used alone.

Investors should also review financial statements, peer comparison, business risks, valuation, IPO pricing and official offer documents such as the RHP or DRHP.