Susan Electricals India Ltd
SME IPO · SME Book Built
Price Band
₹120–₹127
Lot Size
1000 shares
Issue Size
70.83 Cr
Investor Type
Retail / QIB / NII
Min Investment
₹200,000
Max Investment
₹500,000
Important Dates
Offer Opens
11 Jun 2026
Offer Closes
15 Jun 2026
Allotment
16 Jun 2026
Listing Date
18 Jun 2026
About the Company
Incorporated in 2007, we are engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors and cables in various specifications, sizes and configurations. Under the cables segment, we manufacture low tension (LT) cables, including Low Tension Aerial Bunched (LT AB) cables (up to 1.1 kV), High Tension (HT) cables of specified voltage grades and Medium Voltage Covered Conductor ("MVCC") Cables. Under the wires and conductors segment, our offerings include winding aluminium wires and strips, winding copper wires and strips and aluminium conductors, manufactured in accordance with prescribed specifications.
Strengths
- Vendor registrations and approvals across multiple states, supporting tender participation with government entities.
- In-House Manufacturing facilities supported by quality certifications.
- Geographically dispersed customer base.
- Experienced Promoter having domain knowledge.
Risks
- A significant portion of the company's revenue comes from Government DISCOMs, and failure to secure new tenders may adversely impact the business.
- The company is relatively new to the LT and HT cables segment, which creates execution and operational risks.
- The business depends heavily on a limited number of customers and suppliers.
- The company has experienced negative cash flows and delays in statutory payments in the past.
- Rising raw material, power, and fuel costs could reduce profit margins.
- The company faces legal proceedings and regulatory compliance risks.
- Any disruption at its manufacturing facilities could negatively affect production and operations.
- The business requires substantial working capital and has significant dependence on debt financing.
- The electrical cables and conductors industry is highly competitive, which may impact growth and profitability.