JD Cables IPO
GMP, Subscription, Price, Dates & Financial Details
Cable
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 CablesControl CablesAerial Bunched CablesSingle-core Service WiresConductors:…
Open Date
Thu, 18 Sep 2025
Close Date
Mon, 22 Sep 2025
Price Band
₹ 144 – 152
Lot Size
800
Issue Size
₹ 95.99 Cr
Minimum Investment
₹ 243,200 (1600 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
JD Cables IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹95.99 Crore, comprising a fresh issue of 52.38 Lakh equity shares aggregating to ₹79.61 Crore and an offer for sale (OFS) of 7.62 Lakh equity shares aggregating to ₹11.58 Crore by the existing shareholders.
The JD Cables IPO remained open for subscription from September 18, 2025, to September 22, 2025. The basis of allotment was finalized on September 23, 2025, and the company's shares were listed on BSE SME Platform on September 25, 2025.
The company had fixed the price band at ₹144 to ₹152 per share, with a lot size of 800 shares. Retail investors were required to make a minimum investment of ₹243,200 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. GYR Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, JD Cables Ltd is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
JD Cables IPO Timeline (Tentative)
- IPO Open Date
- Thu, 18 Sep 25
- IPO Close Date
- Mon, 22 Sep 25
- Basis of Allotment
- Tue, 23 Sep 25
- Initiation of Refunds
- Wed, 24 Sep 25
- Credit of Shares to Demat
- Wed, 24 Sep 25
- Listing Date
- Thu, 25 Sep 25 — NSE & BSE
Open Date
18 September 2025
Close Date
22 September 2025
Basis Of Allotment
23 September 2025
Listing Date
25 September 2025
IPO Subscription
Check Live Subscription →The JD Cables IPO has received bids for 53,95,34,400 shares against 42,19,200 shares offered, resulting in an overall subscription of 127.88x. the NII category is subscribed 179.62x, Retail Investors 106.94x, and QIBs 125.44x.
QIB
125.44x
NII
179.62x
RII
106.94x
Total
127.88x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 21,11,200 shares, representing 50.04% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 11,97,600 shares (23.38%), while Non-Institutional Investors (NIIs) receive 9,10,400 shares (21.58%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,197,600 | 23.38% |
| Non-Institutional | 910,400 | 21.58% |
| BNII | 606,400 | 14.37% |
| SNII | 304,000 | 7.21% |
| Retail Investors | 2,111,200 | 50.04% |
| Total | 4,219,200 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
JD Cables Ltd KPI Information
| 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 |
| Pat Margin % | 8.84 | 4.54 | 0.78 |
Peers Comparison
| 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 |
About JD Cables Ltd
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.
JD Cables IPO Promoters
- Mr. Piyush Garodia
Promoters Holding
Holding Pre Issue
97.35%
Holding Post Issue
70.01%
JD Cables IPO Objective
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
JD Cables Ltd Address / Contact Details
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
JD Cables IPO Lot Size
The JD Cables IPO has a lot size of 800 shares. Retail investors require a minimum investment of ₹2,43,200 by applying for 2 lot (1,600 shares). The maximum application allowed for the retail category is 2 lots (1,600 shares), requiring an investment of ₹2,43,200.
| 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 |
Issue Reservation
- QIB — 23.38%
- NII — 21.58%
- RII — 50.04%
Book Running Lead Managers
- GYR Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the JD Cables IPO?
JD Cables IPO is a Book-building IPO with a total issue size of ₹95.99 crore. The JD Cables IPO price band is ₹144 to 152 per share. The JD Cables IPO subscription opens on Thu, Sep 18, 2025, and closes on Mon, Sep 22, 2025. The JD Cables IPO will be listed on the BSE. MUFG Intime India Private Limited is the registrar for the JD Cables IPO.
When will the JD Cables IPO open for subscription?
The JD Cables IPO opens on Thu, Sep 18, 2025 and closes on Mon, Sep 22, 2025
What is JD Cables IPO Price Band?
JD Cables IPO Price Band is ₹144 to 152 per share.
What is JD Cables IPO Lot Size?
JD Cables IPO lot size is 800 shares, Retail investors need a minimum investment of ₹243200 based on the upper price band
What is the minimum investment for JD Cables IPO?
The minimum investment for JD Cables IPO is ₹243200, based on one lot of 800 shares at the upper price band of ₹152 per share.
How to apply for JD Cables IPO?
Investors can apply for the JD Cables IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 22, 2025. The application amount remains blocked until the JD Cables IPO allotment is finalized.
What is JD Cables IPO Issue Size?
JD Cables IPO issue size is ₹95.99 crores.
What is the JD Cables IPO Allotment Date?
JD Cables IPO allotment date is Tue, Sep 23, 2025.
Who is the JD Cables IPO Registrar?
The registrar for JD Cables IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check JD Cables IPO allotment status, refund processing, and other IPO-related information.
What is the JD Cables IPO GMP?
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 13.82% over the issue price.
Who is the JD Cables IPO Lead Manager?
The book-running lead managers (BRLMs) for the JD Cables IPO are GYR Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the JD Cables IPO Red Herring Prospectus (RHP).