How to Check Susan Electricals India IPO Allotment Status

Incorporated in 2007, Susan Electricals India Ltd. is engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors, and power cables in various specifications, sizes, and configurations.

The company's product portfolio includes winding wires and strips used in transformers, motors, alternators, coils, and other electrical equipment, as well as aluminium stranded conductors used in overhead power distribution networks. The company also manufactures power cables, including low tension (LT) cables such as PVC and XLPE insulated cables (up to 1.1 kV), including Low Tension Aerial Bunched (LT AB) cables, and high tension (HT) cables used in higher-grade power distribution systems.

Its customers primarily include state-owned electricity distribution utilities (DISCOMs), infrastructure and EPC companies, and businesses operating in the electrical wires, cables, and conductors segment. In addition to manufacturing activities, the company undertakes trading of aluminium wires and rods used as key raw materials and also provides job work services related to the processing of winding wires and strips. The company operates three manufacturing facilities in Ghaziabad, Uttar Pradesh, located at Site-IV Industrial Area, Sahibabad, and SSGT Road. During Fiscal 2026, it sold its products across 7 states in India, including Uttar Pradesh, Jharkhand, Madhya Pradesh, and Karnataka. As of April 30, 2026, the company had 216 permanent employees.

Susan Electricals India IPO is a book build issue of ₹70.38 crore, comprising a fresh issue of 0.47 crore shares aggregating to ₹60.22 crore and an offer for sale of 0.08 crore shares aggregating to ₹10.16 crore. The IPO opened on June 11, 2026, and closed on June 15, 2026. The allotment is expected on Tuesday, June 16, 2026. The share price band was set at ₹120 to ₹127 per share.

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Steps to Check Susan Electricals India IPO Allotment Status on Registrar Site

• Visit the Mudra RTA Ventures Private Limited
• Select "Susan Electricals India" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Susan Electricals India IPO Allotment Status on BSE

• Navigate to the BSE SME IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Susan Electricals India" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Susan Electricals India IPO subscribed 216.44 times overall. Here is the category-wise breakdown as of 4:54:35 PM on June 15, 2026:

Susan Electricals India IPO Subscription Status

• QIB Category (Ex Anchor): 142.65 times
• Non-Institutional Investors (NII): 335.99 times
• Individual Investors: 207.19 times

Susan Electricals India IPO Share Price and Investment Details

The minimum investment required was ₹2,54,000 for 2 lots (2,000 shares) for individual investors. The issue raised ₹19.34 crore from anchor investors. The issue includes a reservation of up to 4,58,000 shares for the market maker. The anchor investor lock-in period ends on July 16, 2026 for 50% of shares (30 days) and September 14, 2026 for the remaining shares (90 days). Given the overall subscription of 216.44 times with exceptional institutional interest at 142.65 times, robust NII participation at 335.99 times, and strong individual investor subscription at 207.19 times, the share price listing expectations remain highly positive.

Utilisation of IPO Proceeds

The proceeds will be utilised for funding capital expenditure towards expansion of the existing manufacturing facility situated at Plot No. 18/31, Sahibabad, Ghaziabad, Uttar Pradesh (₹10.29 crore), funding working capital requirements (₹33.00 crore), and general corporate purposes.

Business Overview

Susan Electricals India Limited is engaged in the manufacturing of aluminium and copper-based electric winding wires and trading in aluminium wires and rods. The company marked growth in its top and bottom lines for the reported periods. Bumper profits posted from FY25 onwards raise eyebrows and concern over sustainability, as it is operating in a highly competitive and fragmented segment.

The company demonstrated strong financial performance with total income of ₹269.96 crore for FY2026 and a net worth of ₹38.48 crore as of March 31, 2026, with revenue growing 98% and PAT rising 223% year on year. The company benefits from multi-state vendor registrations and approvals with DISCOMs, strong access to government and utility tender opportunities, positioning to benefit from RDSS and rural electrification projects, established technical capabilities and quality compliance standards, and a wide geographic presence supporting scalable business growth. However, investors should note the post-issue P/E ratio of 14.15 and Price to Book Value of 5.15.

Check the latest IPO allotment status to stay informed.