Susan Electricals Lists on BSE SME at 46% Premium After Strong IPO Subscription
Susan Electricals India debuted on the BSE SME platform with shares listing at Rs 186, a 46.45% premium over the Rs 127 IPO price, and climbed intraday to Rs 195.30. The Rs 70.4 crore IPO, including a fresh issue and offer-for-sale, was subscribed over 190 times, reflecting strong investor interest. The company manufactures aluminium and copper electrical wires and cables, serving mainly state-owned utilities and infrastructure firms, positioning it to benefit from India's power distribution expansion.