Susan Electricals India had a strong debut on the stock market, with its shares making a strong entry on listing day. Investors who received allotments in the IPO immediately benefited, indicating strong demand and positive sentiment for the company. Such listings often attract attention, especially when returns exceed 40% on the first day of trading.
Susan Electricals India shares opened at ₹186, a gain of approximately 46.46% from its IPO price of ₹127. Immediately after listing, the stock continued its upward trend, reaching ₹195.30, a total gain of approximately 54% compared to the issue price. This sharp rise reflects strong investor confidence and strong demand in the secondary market.
The IPO itself opened on June 11 and closed on June 15, with significant participation from all investor categories. The strong listing clearly indicates that the issue was attractively priced, enabling investors to benefit immediately upon its market debut.
The IPO received an overwhelming response, with total subscriptions reaching 216.63 times. Retail investors showed significant interest, subscribing to approximately 207.56 times their portion. Non-institutional investors were even more enthusiastic, with a 336-fold subscription, reflecting the strong participation of high-net-worth individuals.
Qualified institutional buyers also contributed significantly, subscribing 142.65 times. Retail investors were allowed to apply for a maximum of two lots, each consisting of 2,000 shares, requiring an investment of ₹2,54,000. Such high subscription levels generally indicate strong market confidence in the company’s future growth.
The company plans to use the funds raised from the IPO primarily for business growth and operational needs. A significant portion of the capital will go toward expanding its existing manufacturing facility in Sahibabad, Ghaziabad. This expansion is expected to increase production capacity and support future demand.
In addition to capital expenditures, the company will use the funds to manage its working capital needs and for general corporate purposes. This approach suggests a balanced strategy that focuses on both growth and day-to-day financial stability.
Started in 2007, Susan Electricals India manufactures electrical components made from aluminum and copper. Its product range includes winding wire, conductors, power cables, and components used in transformers, motors, and alternators. These products are essential for power distribution and industrial applications.
The company serves a wide range of customers, including government power distribution companies, infrastructure firms, and EPC businesses. It currently operates three manufacturing units and has supplied products to seven states, including Uttar Pradesh, Jharkhand, Madhya Pradesh, and Karnataka, by FY 2026. As of April 30, 2026, the company had 216 permanent employees supporting its operations and growth plans.
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