The IPO of Susan Electricals India will open for subscription on Thursday, June 11, with the electrical conductors and power cables manufacturer looking to raise Rs 70.38 crore through a combination of fresh issue and offer-for-sale.
Ahead of the issue opening, the company's shares were commanding a grey market premium (GMP) of around 20%, indicating a potential listing price of about Rs 152-153 per share against the upper end of the price band of Rs 127. However, investors should note that GMP is an unofficial market indicator and may not accurately reflect actual listing performance.
