New Delhi, June 11 -- Susan Electricals India IPO opened for subscription on 11 June and is set to close on 15 June, with the allotment expected to be finalised on 16 June. The company's shares are scheduled to debut on the BSE SME platform on 18 June.

Susan Electricals India IPO price band is set in the range of Rs.120-127 per share, with investors required to bid for a minimum lot of 2,000 shares, translating into an investment of Rs.2.54 lakh at the upper end of the price band. Seren Capital is acting as the book-running lead manager, while Mudra RTA Ventures has been appointed as the registrar to the issue.

As per the allocation structure, nearly 50% of the net issue has been reserved for qualified institutional buyers (QIBs), 15% f...