Bookbuilding IPO | ₹96 Cr | Listed at BSE SME | Thu, Sep 18, 2025 - Mon, Sep 22, 2025
JD Cables IPO is a book build issue of ₹95.99 crores. The issue is a combination of fresh issue of 0.56 crore shares aggregating to ₹84.41 crores and offer for sale of 0.08 crore shares aggregating to ₹11.58 crores.
JD Cables IPO bidding started from Sep 18, 2025 and ended on Sep 22, 2025. The allotment for JD Cables IPO was finalized on Sep 23, 2025. The shares got listed on BSE SME on Sep 25, 2025.
JD Cables IPO price band is set at ₹152 per share. The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹2,43,200 (1,600 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (2,400 shares), amounting to ₹3,64,800.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to JD Cables IPO RHP for detailed Information.
IPO Open
Thu, Sep 18, 2025
IPO Close
Mon, Sep 22, 2025
Issue Price
₹152 per share
Market Cap (Pre-IPO)
₹342.78 Cr
| IPO Date | 18 to 22 Sep, 2025 |
| Listed on | Thu, Sep 25, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹144 to ₹152 |
| Issue Price | ₹152 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 63,15,200 shares (agg. up to ₹96 Cr) |
| Reserved for Market Maker | 3,16,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹5 Cr) |
| Fresh Issue (Ex Market Maker) | 52,37,600 shares (agg. up to ₹80 Cr) |
| Offer for Sale | 7,61,600 shares of ₹10 (agg. up to ₹12 Cr) |
| Net Offered to Public | 59,99,200 shares (agg. up to ₹91 Cr) |
| Share Holding Pre Issue | 1,69,97,512 shares |
| Share Holding Post Issue | 2,25,51,112 shares |
| BSE Script Code | 544524 |
| ISIN | INE14VP01014 |
JD Cables IPO comprises a total issue size of 63,15,200 shares. The net offer to the public is 59,99,200 shares, after excluding 3,16,000 shares allotted on a firm basis. Of the Net offer 29,75,200 (49.59%) are allocated to QIB, 9,12,000 (15.20%) allocated to NII 21,12,000 (35.20%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 29,75,200 | 49.59% | 47.11% |
| − Anchor Investor Shares Offered | 17,80,000 | 28.19% | |
| − QIB (Ex. Anchor) Shares Offered | 11,95,200 | 18.93% | |
| NII (HNI) Shares Offered | 9,12,000 | 15.20% | 14.44% |
| − bNII > ₹10L | 6,08,000 | 9.63% | |
| − sNII < ₹10L | 3,04,000 | 4.81% | |
| Retail Shares Offered | 21,12,000 | 35.20% | 33.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,16,000 | 5.00% | |
| Total Shares Offered | 63,15,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples of 800 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,600 | ₹2,43,200 |
| Individual investors (Retail) (Max) | 2 | 1,600 | ₹2,43,200 |
| S-HNI (Min) | 3 | 2,400 | ₹3,64,800 |
| S-HNI (Max) | 8 | 6,400 | ₹9,72,800 |
| B-HNI (Min) | 9 | 7,200 | ₹10,94,400 |
JD Cables IPO raises ₹27.06 crore from anchor investors. JD Cables IPO Anchor bid date is September 17, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Sep 17, 2025 |
| Shares Offered | 17,80,000 |
| Anchor Portion (₹ Cr.) | 27.06 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Oct 22, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Dec 22, 2025 |
Incorporated in 2015, JD Cables Limited is engaged in the manufacturing of high-quality cables and conductors that cater to the power transmission and distribution sector.
The company’s product portfolio includes Power Cables, Control Cables, Aerial Bunched Cables, Single-core Service Wires, and a wide range of conductors such as All Aluminium Conductor (AAC), All Aluminium Alloy Conductor (AAAC), and Aluminium Conductor Steel Reinforced (ACSR). These products are extensively used for efficient and reliable transmission and distribution of electricity.
JD Cables operates through two strategically located manufacturing units:
Unit I: 26/1, F Road, Belgachia, Howrah – 711101
Unit II: Ward No.1, Chakundi, Star Battery Gate, Dankuni, Hooghly
As of May 31, 2025, the company employed 28 permanent staff.
JD Cables Ltd.'s revenue increased by 149% and profit after tax (PAT) rose by 384% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 115.23 | 45.08 | 17.89 |
| Total Income | 250.70 | 100.85 | 40.86 |
| Profit After Tax | 22.15 | 4.58 | 0.32 |
| EBITDA | 34.14 | 7.22 | 0.81 |
| NET Worth | 29.98 | 7.83 | 1.18 |
| Reserves and Surplus | 29.93 | 7.78 | 1.15 |
| Total Borrowing | 45.91 | 17.77 | 3.84 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of our company; | 45.00 |
| 2 | Repayment/prepayment of all or certain of our borrowings availed of by our Company | 26.00 |
| 3 | General corporate purposes | 7.54 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 117.17% |
| ROCE | 43.64% |
| Debt/Equity | 1.53 |
| RoNW | 73.89% |
| PAT Margin | 8.84% |
| EBITDA Margin | 13.62% |
| Price to Book Value | 8.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.03 | 9.82 |
| P/E (x) | 11.66 | 15.47 |
| Promoter Holding | 97.35% | 70.01% |
| Market Cap | ₹342.78 Cr. |
The JD Cables IPO is subscribed 127.78 times on September 22, 2025 5:04:34 PM (Day 3). The public issue subscribed 106.89 times in the individual investors category, 125.44 times in the QIB category, and 179.28 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 125.44 | 11,97,600 | 15,02,29,600 | 0 |
| NII* | 179.28 | 9,10,400 | 16,32,12,000 | 0 |
| bNII (bids above ₹10L) | 214.18 | 6,06,400 | 12,98,79,200 | |
| sNII (bids below ₹10L) | 109.65 | 3,04,000 | 3,33,32,800 | |
| Individual Investors | 106.89 | 21,11,200 | 22,56,72,000 | 0 |
| Total | 127.78 | 42,19,200 | 53,91,13,600 | 1,71,755 |
Total Application : 1,71,755
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.30 |
| 2 | Underwriting Fees | 4.80 |
| 3 | Fees payable to the Market maker to the Issue | 0.08 |
| 4 | Fees payable to the Registrar to the Issue | 0.05 |
| 5 | Fees payable for Advertising and Publishing Expense | 0.15 |
| 6 | Fees payable to Regulators including Stock Exchange & Depositories | 0.21 |
| 7 | Payment for Printing & Stationary, Postage etc | 0.00 |
| 8 | Fees payable to statutory auditors, Legal Advisors & other Professionals | 0.11 |
| 9 | Practising Company Secretary | 0.04 |
| 10 | IR & PR Agency | 0.05 |
| 11 | Monitoring Agency | 0.06 |
| 12 | Banker to the Issue Charges | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹152.00 |
| Open | ₹160.00 |
| Low | ₹152.00 |
| High | ₹160.00 |
| Last Trade | ₹157.90 |
Lead Manager Reports
JD Cables IPO is a SME IPO of 63,15,200 equity shares of the face value of ₹10 aggregating up to ₹96 Crores. The issue is priced at ₹152 per share. The minimum order quantity is 800.
The IPO opens on Thu, Sep 18, 2025, and closes on Mon, Sep 22, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in JD Cables IPO using UPI as a payment gateway. Zerodha customers can apply in JD Cables IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in JD Cables IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The JD Cables IPO opens on Thu, Sep 18, 2025 and closes on Mon, Sep 22, 2025.
JD Cables IPO lot size is 800, and the minimum amount required for application is ₹2,43,200, with 2 lots being the minimum application size.
You can apply in JD Cables IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for JD Cables IPO will be done on Tuesday, September 23, 2025, and the allotted shares will be credited to your demat account by Wed, Sep 24, 2025. Check the JD Cables IPO allotment status.
The JD Cables IPO listing date is on Thu, Sep 25, 2025.
