Susan Electricals IPO: GMP range, price band, dates

Susan Electricals India’s SME IPO is being widely discussed on Reddit and market forums mainly for one reason: grey market premium (GMP) quotes are moving quickly and vary by source. Alongside the GMP chatter, posts are repeatedly sharing the same core details like the ₹120–₹127 price band, BSE SME listing plan, and a large minimum application amount because of the lot structure. Below is a fact-only round-up of what is circulating on social media trackers and threads.

IPO timeline that keeps coming up in posts

Multiple threads agree the subscription window runs from 11 June 2026 to 15 June 2026. The issue is described as a BSE SME book-built offering in several tracker-style posts. The allotment date being circulated is 16 June 2026. The tentative listing date mentioned across posts is 18 June 2026 on the BSE SME platform. Many discussions treat these dates as fixed and plan their application and funds around them. Some creators posting in Hindi have also repeated the same window and timeline in short clips. The consistency on dates is higher than the consistency on GMP numbers. Readers should still note these are social media summaries and not exchange notifications.

Issue size, shares on offer, and price band

The issue size most commonly quoted is ₹70.38 crore. Several posts state the IPO comprises 55,42,000 equity shares. The face value is repeatedly mentioned as ₹10 per share. The price band is consistently shared as ₹120 to ₹127 per share, with ₹127 described as the cap price. Some posts also summarise it as “₹127 fixed” while still calling it a band, reflecting how highlights are simplified in quick updates. The deal is described as “approximately ₹70 crore” in some places and ₹70.38 crore in others, which is broadly consistent. A few posts explain the cap price is 12.70 times the face value, aligning with ₹127 on ₹10.

Lot size confusion and the minimum investment figure

The most repeated lot size is 1,000 shares per lot. At the same time, several widely shared posts say retail investors must apply for a minimum of 2 lots, or 2,000 shares. That makes the minimum application amount ₹2.54 lakh at the upper end of the price band, according to multiple trackers and social snippets. Some posts also state “minimum of 2 lots where each lot includes 1,000 shares,” which matches the 2,000-share minimum. This high ticket size is a central talking point in threads, especially when compared with mainboard IPO application sizes. People discussing allocation strategies highlight that the capital blocked can be meaningful for retail applicants. Because posts cite both “lot size 1,000” and “minimum 2 lots,” readers are focusing on the minimum bid requirement rather than the base lot.

GMP is the main trend, but numbers are all over the place

GMP quotes are the most active part of the discussion and they change sharply by date and by source. One set of posts cites a GMP of ₹53 as of 12 June at 9:55 AM, and uses it to infer a higher listing estimate. Other posts cite a GMP of ₹52 (40.94%) as the “current” premium. Several updates mention GMP around ₹38–₹40 and explicitly describe it as about +31.5% over the upper band. Another frequently repeated detail is that the minimum recorded GMP was ₹0, while the maximum was ₹41 in a specific tracking window, showing the volatility in quotes. Some threads also mention early GMP levels like ₹12 before the IPO opened, and ₹15 on the first day of subscription in one snapshot. The key takeaway from the chatter is not one single number, but the speed at which these quotes are changing.

What social posts calculate as “estimated listing price”

A common social media method is to add the GMP to the upper price band of ₹127. Using that approach, posts convert GMP ₹40 into an implied listing estimate of about ₹167 per share. When GMP is cited at ₹28–₹30, the implied estimate discussed is around ₹155. When GMP is quoted at ₹18, discussions mention about ₹145 as a rough implied price. When GMP is ₹15, some posts calculate an implied listing around ₹142. One tracker post uses ₹53 GMP to suggest an estimated listing price near ₹180, based on ₹127 plus ₹53. These figures are not official forecasts and they vary because the underlying GMP quote varies. Threads also note that different sources show different “latest updated” times, which can explain the divergence.

Financial numbers being shared: PAT and margins

Several posts share a three-year PAT table and a separate “reported PAT” snapshot. The reported PAT figures circulating are ₹0.76 crore, ₹5.65 crore, and ₹18.25 crore (with FY labels implied by posters as FY24, FY25, and FY26). One summary states PAT jumped from ₹0.76 crore to ₹5.65 crore, a 643% increase, and attributes it to improved product mix, operating leverage, and margin recovery. Another tracker-style line claims FY26 revenue of ₹269.96 crore, up 98.44%, along with FY26 PAT of ₹18.25 crore. Elsewhere, a post says revenue increased by about 98% and PAT rose by 223% between the year ending 31 March 2026 and 31 March 2025, which is consistent with comparing ₹18.25 crore to ₹5.65 crore. Margin figures shared in posts include a PAT margin line shown as 6.77, 4.16, and 0.73 in one table. In contrast, another widely shared snapshot mentions 28.15% PAT margin and 5.16% EBITDA margin, showing that different posts may be referencing different periods or definitions.

Valuation metrics: P/E and EPS are not consistent across trackers

Valuation discussions are present, but the inputs differ across social sources. One commonly shared valuation snapshot lists post-IPO P/E at 14.15x and EPS at ₹8.97, along with P/B at 5.15 and RoNW at 47.42%. Another post says that using FY2026 earnings and an EPS of ₹11.96, the IPO is valued at around 10.61x P/E. Some table snippets also show P/E values like 10.85 and 14.15 in a comparative format, without always stating whether these are pre-IPO or post-IPO. Because multiple EPS figures are being circulated, the derived P/E changes with the assumption used. Threads that focus on GMP often do not connect it back to these valuation snapshots. The practical takeaway is that readers should check which EPS period is being used before accepting a P/E figure shared in a reel or a tweet.

Quick reference table from what’s trending online

What to watch between close and listing, based on the chatter

The first point to monitor is whether GMP quotes continue to swing, because the online listing estimates are mechanically tied to that number. The second is clarity on the minimum application rule, since many posts emphasise a 2-lot minimum even though the base lot size is 1,000 shares. Another item that drives discussion is the wide variation in profitability and margin figures being posted, which suggests people are mixing different time periods. Threads are also actively comparing valuation snapshots, especially where P/E differs based on EPS assumptions. Several posts list company contact details and the website (https://seil.net.in/), indicating high search interest, but such details do not change the investment risk profile. Given the SME platform context, users repeatedly mention liquidity and allocation uncertainty, even if they do not quantify it. The most consistent information across posts remains the dates, price band, and minimum investment figure. Everything else, especially GMP, should be treated as time-sensitive and source-dependent.