Susan Electricals India IPO Day 3 Subscription Status: Issue Subscribed 51.29 Times So Far
By HDFC SKY | Last Modified: Jun 15, 2026 12:32 PM IST
Mumbai, June 15: Susan Electricals India IPO witnessed strong demand from investors on the final day of bidding, with the SME public issue subscribed 51.29 times as of 10:59:35 AM on June 15, 2026.
The ₹70.38 crore book-built issue opened for subscription on June 11 and is scheduled to close on June 15. The public offering comprises a fresh issue of 47.42 lakh shares aggregating to ₹60.22 crore and an offer for sale of 8 lakh shares worth ₹10.16 crore.
Investor participation remained broad-based through the subscription period, although the strongest response continued to come from the non-institutional investor segment. Retail investors also maintained healthy participation, while qualified institutional buyers recorded steady demand.
The IPO is being offered in a price band of ₹120 to ₹127 per share. Shares of the company are proposed to be listed on the BSE SME platform. Mudra RTA Ventures Private Limited is acting as the registrar to the issue, while Seren Capital Pvt. Ltd. is the book-running lead manager.
Susan Electricals India IPO Day 3 Subscription Status
As of 10:59:35 AM on June 15, 2026, Susan Electricals India IPO was subscribed 51.29 times overall.
| Category | Subscription (x) |
| QIB (Ex Anchor) | 7.33 |
| NII/HNI | 88.72 |
| Retail Individual Investors | 60.30 |
| Total | 51.29 |
Category-wise Susan Electricals India IPO Subscription Status
Demand remained highest in the NII segment, while retail investors also recorded substantial participation on the final day of bidding.
| Category | Shares Offered | Shares Bid For | Subscription (x) |
| QIB (Ex Anchor) | 10,16,000 | 74,46,000 | 7.33 |
| NII/HNI | 7,65,000 | 6,78,71,000 | 88.72 |
| bNII (> ₹10 lakh) | 5,10,000 | 5,23,18,000 | 102.58 |
| sNII (< ₹10 lakh) | 2,55,000 | 1,55,53,000 | 60.99 |
| Retail Individual Investors | 17,80,000 | 10,73,40,000 | 60.30 |
| Total | 35,61,000 | 18,26,57,000 | 51.29 |
Susan Electricals India Day-wise Subscription Summary
Subscription momentum gathered pace as the issue progressed, particularly in the non-institutional and retail categories.
| Date | QIB (Ex Anchor) | NII/HNI | bNII | sNII | Retail | Total |
| June 11, 2026 (Day 1) | 7.01 | 6.34 | 6.96 | 5.11 | 4.79 | 5.76 |
| June 12, 2026 (Day 2) | 7.31 | 21.91 | 24.59 | 16.55 | 19.16 | 16.37 |
| June 15, 2026 (Day 3) | 7.33 | 88.72 | 102.58 | 60.99 | 60.30 | 51.29 |
Susan Electricals India IPO Timeline
| Event | Date |
| Issue Open Date | June 11, 2026 |
| Issue Close Date | June 15, 2026 |
| Basis of Allotment | June 16, 2026 |
| Initiation of Refunds | June 17, 2026 |
| Credit of Shares | June 17, 2026 |
| Listing Date | June 18, 2026 |
Brief Overview of The IPO
Susan Electricals India is raising ₹70.38 crore through a combination of a fresh issue and an offer for sale. The company has fixed the issue price band at ₹120 to ₹127 per share, with investors required to apply for a minimum lot of 1,000 shares.
| Particulars | Details |
| Issue Size | ₹70.38 crore |
| Fresh Issue | ₹60.22 crore |
| Offer for Sale | ₹10.16 crore |
| Price Band | ₹120 to ₹127 per share |
| Issue Price | ₹127 per share |
| Lot Size | 1,000 shares |
| IPO Dates | June 11 to June 15, 2026 |
| Listing At | BSE SME |
| Registrar | Mudra RTA Ventures Private Limited |
| Lead Manager | Seren Capital Pvt. Ltd. |
Susan Electricals India operates in the wires and cables segment. According to the offer details, the issue consists of 55.42 lakh shares, including a fresh issue component and an offer for sale. The company is seeking a listing on the BSE SME platform following the completion of the public issue process.
Source:
- https://www.bseindia.com/markets/publicissues/displayipo?id=4627&type=IPO&idtype=1&status=L&IPONo=7770&startdt=11%2F06%2F2026
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Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
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