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 opens for subscription on Sep 18, 2025 and closes on Sep 22, 2025. The allotment for the JD Cables IPO is expected to be finalized on Sep 23, 2025. JD Cables IPO will list on BSE SME with a tentative listing date fixed as Sep 25, 2025.
JD Cables IPO price band is set at ₹144.00 to ₹152.00 per share . The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹2,43,200.00 (1,600 shares) (based on upper price). The minimum lot size investment for 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 Date | September 18, 2025 to September 22, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹144 to ₹152 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 63,15,200 shares (aggregating up to ₹95.99 Cr) |
| Reserved for Market Maker | 3,16,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹4.80 Cr) |
| Fresh Issue (Ex Market Maker) | 52,37,600 shares (aggregating up to ₹79.61 Cr) |
| Offer for Sale | 7,61,600 shares of ₹10 (aggregating up to ₹11.58 Cr) |
| Net Offered to Public | 59,99,200 shares (aggregating up to ₹91.19 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,69,97,512 shares |
| Share Holding Post Issue | 2,25,51,112 shares |
JD Cables IPO offers total 63,15,200 shares. Out of which 29,77,600 (47.15%) allocated to QIB, 11,97,600 (18.96%) allocated to QIB (Ex- Anchor), 9,10,400 (14.42%) allocated to NII, 21,11,200 (33.43%) allocated to RII and 17,80,000 (28.19%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,16,000 (5.00%) |
| QIB Shares Offered | 29,77,600 (47.15%) |
| − Anchor Investor Shares Offered | 17,80,000 (28.19%) |
| − QIB (Ex. Anchor) Shares Offered | 11,97,600 (18.96%) |
| NII (HNI) Shares Offered | 9,10,400 (14.42%) |
| − bNII > ₹10L | 6,06,400 (9.60%) |
| − sNII < ₹10L | 3,04,000 (4.81%) |
| Retail Shares Offered | 21,11,200 (33.43%) |
| Total Shares Offered | 63,15,200 (100.00%) |
JD Cables IPO raises ₹27.06 crore from anchor investors. JD Cables IPO Anchor bid date is September 17, 2025.
| Bid Date | September 17, 2025 |
| Shares Offered | 17,80,000 |
| Anchor Portion Size (In Cr.) | 27.06 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 23, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 22, 2025 |
JD Cables IPO opens on September 18, 2025, and closes on September 22, 2025.
| IPO Open Date | Thu, Sep 18, 2025 |
| IPO Close Date | Mon, Sep 22, 2025 |
| Tentative Allotment | Tue, Sep 23, 2025 |
| Initiation of Refunds | Wed, Sep 24, 2025 |
| Credit of Shares to Demat | Wed, Sep 24, 2025 |
| Tentative Listing Date | Thu, Sep 25, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 22, 2025 |
Investors can bid for a minimum of 1,600 shares and in multiples of 800 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 market capitalization of JD Cables IPO is ₹342.78 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 Rs | 13.03 | 9.82 |
| P/E (x) | 11.66 | 15.47 |
The Company JD Cables IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] JCL is engaged in the manufacturing of cables and conductors of various types from aluminium. The company posted growth in its top and bottom lines. Superb performance for FY25 appears to be a window dressing to fetch fancy valuations for the IPO. Based on its recent financial data, the IPO appears aggressively priced. It is operating in a highly competitive and fragmented segment. Only well-informed/cash surplus/risk seekers may park moderate funds for medium term. Read detail review...
JD Cables Ltd.
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/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: jdcables.smeipo@in.mpms.mufg.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
JD Cables IPO is a SME IPO of 63,15,200 equity shares of the face value of ₹10 aggregating up to ₹95.99 Crores. The issue is priced at . The minimum order quantity is 800.
The IPO opens on September 18, 2025, and closes on September 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 September 18, 2025 and closes on September 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 Wednesday, September 24, 2025. Check the JD Cables IPO allotment status.
The JD Cables IPO listing date is not yet announced. The tentative date of JD Cables IPO listing is Thursday, September 25, 2025.
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