Susan Electricals India IPO closes with a massive 216.63x subscription!
📈 Retail: 207.56x
🏦 QIB: 142.65x
💰 NII: 336.00x
🔥 bNII: 389.07x
Bids received for 77.14 Cr shares against just 35.61 lakh shares on offer.
All eyes now on allotment and listing day. #IPO#SusanElectricals
7/8 : Valuation Expensive for What It Is
At ₹98, P/E is ~14x
Content writing agencies facing AI disruption deserve a discount, not a premium.
GMP = ₹0. Market is cold. No euphoria here.
6/8 : Revenue Growth Looks Great… But 🤔
FY23: ₹2.94 Cr → FY24: ₹5.31 Cr → FY25: ₹19.86 Cr
That's 3.7x growth in one year. Impressive — but with receivables at 84% of H1 revenue, is it real cash or just invoices?
IPO proceeds: Laptops, working capital, hiring.