JD Cables IPO
Open SmeCurrent GMP
₹21 (+13.82%)
Price Band
₹ 144 – 152
Lot Size
800
Issue Size
₹95.99 Cr
Minimum Investment
₹243200 (1600 Shares)
Listing Date
25 September 2025
Subscription
127.88x
About the Company
Incorporated in 2015, JD Cables Limited is a leading manufacturer of cables and conductors for the power transmission and distribution sector. The company produces a wide range of high-quality products, including:
- Power Cables
- Control Cables
- Aerial Bunched Cables
- Single-core Service Wires
- Conductors: All Aluminium Conductor (AAC), All Aluminium Alloy Conductor (AAAC), and Aluminium Conductor Steel Reinforced (ACSR)
These products are extensively used across the power, infrastructure, telecom, and industrial sectors, ensuring reliable and efficient electricity transmission and distribution.
Manufacturing Facilities
JD Cables operates through two state-of-the-art manufacturing units equipped with advanced infrastructure, modern machinery, and in-house testing facilities to ensure quality and compliance with national benchmarks:
- Unit I: 26/1, F Road, Belgachia, Howrah – 711101
- Unit II: Ward No.1, Chakundi, Star Battery Gate, Dankuni, Hooghly
In FY 2025, the company achieved strong operational performance:
- Unit I: 4,750 km of output, 79.17% capacity utilization
- Unit II: 17,860 km of output, 81.18% capacity utilization
Certifications & Approvals
- Certified under ISO 9001:2015 and multiple IS standards
- Approved vendor for several State Electricity Boards across Assam, Odisha, Jharkhand, Bihar, and West Bengal
Workforce & Expertise
As of May 31, 2025, JD Cables employed 28 permanent staff and 32 engineers/skilled professionals, enabling the company to maintain quality manufacturing, timely project execution, and long-term client relationships.
Growth & Order Book
As of August 5, 2025, JD Cables’ order book stood at INR 294.09 crore, reflecting robust demand and steady business growth.
Promoters
- Mr. Piyush Garodia
Promoters Holding
Holding Pre Issue
97.35%
Holding Post Issue
70.01%
Objects of the Issue
The Company JD Cables IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment and/or pre-payment, in part or full, of certain borrowings availed by our Company
- Funding the working capital requirements of the company
- General corporate purposes
Address / Contact Info
JD Cables Limited
Arch Square X2, 14th Floor, 1401,
Salt Lake Sector V, Near College More,
Sech Bhawan, North 24 Parganas, Salt Lake,
North 24 Parganas district, West Bengal, 700091
Phone: +91 7439864020
Email: compliance@jdcables.in
Website: https://jdcables.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 18 September 2025
IPO Close Date
Monday, 22 September 2025
Basis of Allotment
Tuesday, 23 September 2025
Initiation of Refunds
Wednesday, 24 September 2025
Credit of Shares to Demat
Wednesday, 24 September 2025
Listing Date
Thursday, 25 September 2025 — NSE & BSE
Important Dates
Open Date
18 September 2025
Close Date
22 September 2025
Basis Of Allotment
23 September 2025
Listing Date
25 September 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 115.23 | 45.08 | 17.89 |
| Revenue | 250.7 | 100.85 | 40.86 |
| Profit After Tax | 22.15 | 4.58 | 0.32 |
| Net Worth | 0 | 0 | 0 |
| Reserve & Surplus | 29.93 | 7.78 | 1.15 |
| Total Borrowings | 45.91 | 17.77 | 3.84 |
EPS Pre
1,303.00%
EPS Post
9.82%
P/E Pre
11.66
P/E (Post Issue)
15.47x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 117.17 | 101.65 | 31.28 |
| ROCE % | 43.64 | 27.85 | 15.4 |
| Debt / Equity | 1.53 | 2.27 | 3.25 |
| RoNW % | 73.89 | 58.49 | 27.05 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 8.84 | 4.54 | 0.78 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1197600 | 23.38 | 0 |
| Non-Institutional | 910400 | 21.58 | 0 |
| BNII | 606400 | 14.37 | 0 |
| SNII | 304000 | 7.21 | 0 |
| Retail Investors | 2111200 | 50.04 | 0 |
| Total | 4219200 | 100 | 0 |
Subscription Status ( Mon, 22 Sep 25 01:56 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1197600 | 150229600 | 125.44x |
| Non-Institutional | 910400 | 163530400 | 179.62x |
| Retail Investors | 2111200 | 225774400 | 106.94x |
| Total | 4219200 | 539534400 | 127.88x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| JD Cables Ltd | 10 | 0.00 | 13.39 | 13.39 | 73.89 | 18.12 |
| Dynamic Cables Ltd | 10 | 15.53 | 27.31 | 27.31 | 17.34 | 154.31 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,600 | 243,200.00 |
| Retail (Max) | 2 | 1,600 | 243,200.00 |
| S-HNI (Min) | 3 | 2,400 | 364,800.00 |
| S-HNI (Max) | 8 | 6,400 | 972,800.00 |
| B-HNI (Min) | 9 | 7,200 | 1,094,400.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- GYR Capital Advisors Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
JD Cables IPO is a Book-building IPO worth ₹95.99 crores. The price band is ₹144 to 152 per share. The IPO opens on Thu, Sep 18, 2025 and closes on Mon, Sep 22, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The JD Cables IPO opens on Thu, Sep 18, 2025 and closes on Mon, Sep 22, 2025
JD Cables IPO Price Band is ₹144 to 152.
JD Cables IPO lot size is 800, and the minimum amount required for application is ₹243200.
The minimum investment for JD Cables IPO is approximately ₹243200 based on the upper price band.
To apply for the JD Cables IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Sep 22, 2025. After submission, funds are blocked until the basis of allotment of JD Cables IPO is finalised.
JD Cables IPO issue size is ₹95.99 crores.
JD Cables IPO allotment date is Sat, Jun 27, 2026.
The registrar for JD Cables IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to JD Cables IPO through their official website or helpline.
The JD Cables IPO GMP (Grey Market Premium) is ₹21 as of Thu, Sep 25, 2025. Based on the upper price band of ₹152 per share, the estimated JD Cables IPO listing price is ₹173, indicating a potential listing gain of approximately 31% over the issue price.