Susan Electricals India IPO Subscribed 216.44 Times on Day 3
Last Updated: 15th June 2026 - 05:16 pm
Susan Electricals India Limited's initial public offering (IPO) closed its three-day subscription window with exceptional investor interest, reaching 216.44 times overall subscription by 4:54 PM on Day 3 (June 15, 2026). The ₹70.38 crore book-build issue, priced at ₹120 to ₹127 per share, received bids for 77,07,60,000 shares against 35,61,000 shares on offer, with total applications reaching 2,27,917.
Subscription Status of Susan Electricals India IPO
| Date | QIB | NII | Individual Investors | Total |
|---|---|---|---|---|
| Day 1 (June 11) | 7.01 | 6.34 | 4.79 | 5.76 |
| Day 2 (June 12) | 7.31 | 21.91 | 19.16 | 16.37 |
| Day 3 (June 15) | 142.65 | 335.99 | 207.19 | 216.44 |
Here are the subscription details for Susan Electricals India IPO Day 3, as of 5:04 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 15,23,000 | 15,23,000 | 19.34 |
| Market Maker | 1.00 | 4,58,000 | 4,58,000 | 5.82 |
| QIB (Ex-Anchor) | 142.65 | 10,16,000 | 14,49,37,000 | 1,840.70 |
| NII | 335.99 | 7,65,000 | 25,70,31,000 | 3,264.29 |
| Retail | 207.19 | 17,80,000 | 36,87,92,000 | 4,683.66 |
| Total | 216.44 | 35,61,000 | 77,07,60,000 | 9,788.65 |
Key Highlights – Day 3
- Overall subscription surged to 216.44 times on the final day, from Day 2's 16.37 times, driven by a sharp last-day surge across all investor categories.
- Non-institutional investors led with exceptional demand at 335.99 times, surging from Day 2's 21.91 times, with bNII at 389.07 times and sNII at 229.82 times, reflecting extraordinary HNI appetite for this electrical winding wires and cables SME IPO.
- Qualified institutional buyers (ex-anchor) surged to 142.65 times from Day 2's 7.31 times, indicating heavy institutional interest concentrated on the closing day.
- Individual investors recorded strong participation at 207.19 times, surging from Day 2's 19.16 times.
Key Highlights – Day 2
- Overall subscription reached 16.37 times, surging from Day 1's 5.76 times.
- Non-institutional investors surged to 21.91 times from Day 1's 6.34 times, with bNII at 24.59 times and sNII at 16.55 times.
- Individual investors surged to 19.16 times from Day 1's 4.79 times.
- Qualified institutional buyers (ex-anchor) improved slightly to 7.31 times from Day 1's 7.01 times.
Key Highlights – Day 1
- Overall subscription crossed full subscription strongly at 5.76 times on Day 1 (June 11, 2026), reflecting strong initial investor interest in this electrical winding wires and cables SME IPO.
- Qualified institutional buyers (ex-anchor) recorded strong opening participation at 7.01 times on Day 1.
- Non-institutional investors crossed full subscription at 6.34 times, with bNII at 6.96 times and sNII at 5.11 times on Day 1.
- Individual investors crossed full subscription at 4.79 times on Day 1.
About Susan Electricals India Limited
Incorporated in 2007, Susan Electricals India Limited manufactures aluminium and copper-based electrical winding wires, conductors, and power cables including LT and HT cables for transformers, motors, alternators, and overhead power distribution networks. The company primarily serves state-owned electricity distribution utilities (DISCOMs), infrastructure and EPC companies, and operates three manufacturing facilities in Ghaziabad, Uttar Pradesh.
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