Susan Electricals India IPO Subscription Status: Susan Electricals India IPO Subscribed 5.76 Times on Day 1 Led by Qib Demand

Mumbai, June 12: Following the opening of the subscription period on June 11, 2026, Susan Electricals India IPO witnessed strong investor demand on the first day of bidding. The SME public issue subscribed 5.76 times overall by the end of Day 1, according to exchange data.

The qualified institutional buyers category subscribed 7.01 times, while the non-institutional investors segment subscribed 6.34 times. The retail investors category subscribed 4.79 times on the opening day of the issue.

Susan Electricals India IPO is a bookbuilding issue aggregating to ₹70.38 crore. The IPO comprises a fresh issue of 47.42 lakh shares aggregating to ₹60.22 crore and an offer for sale of 8 lakh shares aggregating to ₹10.16 crore.

The IPO opened for subscription on June 11, 2026, and will close on June 15, 2026. The company plans to list its shares on the BSE SME platform, with the tentative listing date fixed as June 18, 2026.

Susan Electricals India IPO Subscription Status Summary

Susan Electricals India IPO subscribed 5.76 times overall on Day 1.

The QIB category subscribed 7.01 times, while the NII portion subscribed 6.34 times. Retail investors subscribed 4.79 times.

Within the NII segment, bNII bids subscribed 6.96 times and sNII bids subscribed 5.11 times.

A total of 2.05 crore shares were bid for against 35.61 lakh shares offered during the first day of subscription.

Susan Electricals India IPO Price Band and Lot Size

Susan Electricals India IPO is priced in the range of ₹120 to ₹127 per share.

The minimum lot size for retail investors is 2,000 shares, requiring an investment of ₹2,54,000 at the upper end of the price band. The minimum application size for S-HNI investors is 3,000 shares amounting to ₹3,81,000.

Susan Electricals India IPO Reservation Details

Out of the total issue size of 55.42 lakh shares, 25.39 lakh shares have been reserved for qualified institutional buyers, 7.65 lakh shares for non-institutional investors and 17.80 lakh shares for retail investors.

The issue also includes a market maker reservation of 4.58 lakh shares.

Susan Electricals India IPO Listing Date

Susan Electricals India IPO is scheduled to close for subscription on June 15, 2026.

The basis of allotment is expected to be finalised on June 16, 2026, while the tentative listing date on BSE SME is June 18, 2026.

About Susan Electricals India

Susan Electricals India manufactures and supplies wires, cables and electrical products used across industrial and infrastructure applications. The company operates in the electrical equipment segment with products catering to multiple industrial requirements.

Seren Capital Pvt. Ltd. is the book running lead manager to the issue, while Mudra RTA Ventures Private Limited is acting as the registrar.

Conclusion

Susan Electricals India IPO received strong subscription demand on the opening day of bidding, led by robust participation from QIB and NII investors. The IPO will remain open for subscription until June 15, 2026, ahead of the proposed listing on June 18, 2026.

Source:

• https://www.chittorgarh.com/ipo_subscription/susan-electricals-india-ipo/2872/