Susan Electricals IPO Set to Surge as Cables Maker Seeks Major Expansion Capital
Cables and wires manufacturer Susan Electricals India is gearing up for a significant market debut. The company has announced its maiden public issue, scheduled to open on June 11. This Initial Public Offering (IPO) presents investors with an opportunity to participate in a growing player within the electrical component manufacturing sector.IPO Details and Financial Scope
The IPO features a price band set between Rs 120 and Rs 127 per share. Susan Electricals is aiming to raise a substantial amount of Rs 70.4 crore through this public offering, which consists of 55.42 lakh equity shares at the upper price band.The structure of the IPO includes a fresh issue of 47.42 lakh shares. Additionally, there is an offer-for-sale component comprising 8 lakh shares held by promoter Vishal Jain. Seren Capital has been appointed as the sole merchant banker for the IPO.
Timeline and Subscription Process
The timeline for the subscription process is clearly defined for interested investors. The anchor book opening phase will occur on June 10, providing a preparatory period for institutional participants. Following this, the public subscription window for the offer is slated to close on June 15.This IPO marks one of three public issues scheduled for launch this week, with Utkal Speciality Industries India and Horizon Reclaim (India) set to debut on June 10 and June 12, respectively.
Operational Profile and Market Presence
Incorporated in 2007, Susan Electricals is a key manufacturer operating out of three facilities located in Ghaziabad, Uttar Pradesh. The company specializes in aluminium and copper based electrical winding wires, conductors, and cables.The business boasts high installed capacity across its operations. It can process up to 3,307.50 tonnes per annum for winding aluminium and copper wires/strips. Furthermore, the facilities possess a capacity of 7,500 Km per annum dedicated to high tension cables, low tension cables, and MVCC cables.
Financial Health and Corporate Strategy
The company has demonstrated robust financial health in recent fiscal years, setting a strong foundation for its public listing. Revenue during the financial year ending March 2026 soared by 98.4 percent, rising to Rs 269.4 crore from Rs 135.7 crore in the previous period.Profitability has shown even stronger growth, multiplying by more than three-fold. The company's profit reached Rs 18.2 crore in FY2026, up from Rs 5.7 crore in the preceding financial year.
Utilization of Funds and Growth Plans
The funds generated from the fresh issue have a clear mandate aimed at future expansion. A significant portion, specifically Rs 10.29 crore, is earmarked for expanding existing manufacturing capabilities.The remaining funds will be deployed to meet general corporate purposes and working capital requirements, including an allocation of Rs 33 crore toward these necessities. Susan Electricals stated that the strategic move aims to enhance production capacity within the cables segment, particularly high tension cables and medium voltage covered conductor (MVCC) cables.
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