Susan Electricals India Ltd IPO

Susan Electricals India Limited, incorporated in 2007, is a manufacturer of aluminium and copper-based electrical winding wires, conductors, and cables used across power distribution and electrical infrastructure applications. The company’s product portfolio includes low tension (LT) cables, LT aerial bunched (AB) cables, high tension (HT) cables, winding aluminium and copper wires and strips, and aluminium conductors manufactured according to prescribed industry specifications. The company primarily caters to state-owned electricity distribution utilities (DISCOMs), EPC contractors, infrastructure companies, and participants in the electrical wires and cables industry. Its products are used in power distribution networks, transformer and motor winding applications, overhead transmission lines, and underground cabling projects. The company also undertakes trading of aluminium wires and rods, and provides job work services related to processing winding wires and strips. Susan Electricals operates three manufacturing facilities located in Ghaziabad, Uttar Pradesh. The company is ISO 9001:2015 certified for quality management, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety management, reflecting its focus on quality, operational efficiency, and compliance with industry standards. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ Funding of capital expenditure towards expansion of existing manufacturing facility situated at Plot No. 18/31, Sahibabad, Ghaziabad, Uttar Pradesh — Rs 10.29 crore Funding of working capital requirements — Rs 33 crore General corporate purposes ;