Susan Electricals India IPO allotment: How to check status online on BSE, Mudra RTA Ventures

Susan Electricals India IPO allotment status is expected to be finalised on Tuesday, June 16. Investors who have applied for the public offer can check bid finalisation details on the websites of BSE and Mudra RTA Ventures.

The initial share sale was subscribed 192.06 times, with bids for 77,18,85,000 shares as against 40,19,000 shares on offer, according to the BSE data.

Qualified institutional buyers' portion was subscribed 142.65 times, while non-institutional investors booked their quota 210.55 times. The part reserved for individual investors was subscribed 207.56 times.

The ₹70.38 crore IPO, with a price band of ₹120 to ₹127 per share, was a mix of fresh issuance of ₹60.22 crore and an offer for sale of ₹10.16 crore by promoter Vishal Jain.

The money generated will be used for expansion of the existing manufacturing facility, working capital requirements and general corporate purposes.

Susan Electricals India makes aluminium and copper-based electrical winding wires, power cables and conductors in various specifications, sizes, and configurations.

Susan Electricals India IPO allotment date and time

The basis of the allotment of Susan Electricals India is expected to be finalised on Tuesday, June 16, by late evening.

How to check Susan Electricals India IPO allotment status on BSE

• Click on this link: https://bseindia.com/investors/appli_check.aspx
• Choose ‘Equity’ as the issue type
• From the ‘Issue Name’ list, select ‘Susan Electricals India Ltd’
• Mention your PAN or IPO application number
• Click on the ‘Search’ button to see the allotment details

Steps to check Susan Electricals India IPO allotment status on Mudra RTA Ventures

• Visit registrar's allotment page: https://mudrarta.com/display_ipo_rightissue_allotment.php
• Select 'Mudra RTA Ventures'
• Enter DPID/ Client ID / Folio Number or CAF Number or PAN
• Press 'Search'

Susan Electricals India IPO listing date and time

The listing on the BSE SME platform will take place on Thursday, June 18, at 10 am.

Susan Electricals India IPO GMP

According to investorgain.com and media reports, Susan Electricals India's unlisted shares were trading at ₹180 per share, reflecting a grey market premium (GMP) of 41.73% over the upper price band of ₹127.