JD Cables IPO Details
The key details of JD Cables’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹95.99 Cr |
| Price Range | ₹144 - ₹152 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 1,600 |
| Investment (cut-off price) | ₹2,43,200 |
| Pre IPO Promotor Holding | 97.35% |
| Post IPO Promotor Holding | 70.01% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
JD Cables IPO Timelines
The IPO process for JD Cables includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
18/09/2025
Start Date22/09/2025
End Date24/09/2025
Refund Initiation24/09/2025
Credit of Shares to Demat Ac25/09/2025
Listing DateJD Cables IPO Lot Size
The JD Cables IPO has a fixed lot size of 800 shares, at an upper price band of ₹152 per share. For retail investors, the minimum and maximum application is 1,600 shares (2 lots) amounting to ₹2,43,200. For Small HNI (S-HNI) investors, the minimum application is 2,400 shares (3 lots) worth ₹3,64,800, while the maximum is 6,400 shares (8 lots) amounting to ₹9,72,800. Big HNI (B-HNI) investors need to apply for at least 7,200 shares (9 lots), totaling ₹10,94,400.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 1600 | ₹2,43,200 |
| Retail Maximum | 2 | 1600 | ₹2,43,200 |
| S-HNI Minimum | 3 | 2400 | ₹3,64,800 |
| S-HNI Maximum | 8 | 6400 | ₹9,72,800 |
| B-HNI Minimum | 9 | 7200 | ₹10,94,400 |
JD Cables IPO Subscription Status
The subscription status for JD Cables IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 125.44x | 179.28x | 106.89x | -- | 127.78x |
IPO Performance on Listing Day
On the listing day (September 25, 2025), JD Cables made a positive debut on the stock exchange. The stock opened at ₹160, securing a premium of 5.3% over its issue price of ₹152. The cables company maintained this opening level as its day high, demonstrating initial investor interest. However, some profit-booking emerged during the session, with the stock declining to the issue price level at ₹152.00 before recovering. The shares concluded their first trading day at ₹157.90, delivering a solid gain of 3.9% over the issue price, reflecting steady investor confidence in the electrical cables sector and positive market response to this power transmission solutions provider.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹160.00 | ₹157.90 | ₹160.00 | ₹152.00 |
JD Cables IPO Company Financials
JD Cables reports robust performance in FY2025 with Total Income of ₹250.70 crores, managing expenses at ₹221.06 crores, and achieving a strong PAT (Profit After Tax) of ₹22.15 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹40.86 | ₹40.43 | ₹0.32 |
| FY 2024 | ₹100.85 | ₹94.72 | ₹4.58 |
| FY 2025 | ₹250.70 | ₹221.06 | ₹22.15 |
About Company
Incorporated in 2015, JD Cables Limited is a manufacturer of high-quality cables and conductors serving the power transmission and distribution sector. The company’s product range includes Power Cables, Control Cables, Aerial Bunched Cables, Single-core Service Wires, and various conductors such as All Aluminium Conductor (AAC), All Aluminium Alloy Conductor (AAAC), and Aluminium Conductor Steel Reinforced (ACSR). These products comply with national standards and are essential for reliable electricity transmission. JD Cables operates through two strategically located manufacturing units in Howrah and Hooghly, West Bengal, and employs 28 permanent staff as of May 31, 2025.
JD Cables holds several certifications, including ISO 9001:2015 and IS standards (IS 398, IS 694, IS 1554, IS 7098, IS 14255), validating their commitment to quality. The company is an approved vendor for various State Electricity Boards and supplies its products across multiple Indian states such as Assam, Odisha, Jharkhand, Bihar, Madhya Pradesh, and West Bengal, among others. Their manufacturing facilities are equipped with modern infrastructure, advanced machinery, and in-house testing laboratories, enabling the consistent production of high-performance cables and conductors for the electrical industry.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2015 | Cables & Wires | Piyush Garodia |
Know Before Investing
JD Cables IPO Strengths
- The company manufactures a range of cables and conductors, catering to infrastructure, power, engineering, telecom, and railway segments.
- JD Cables operates from Kolkata, a hub for the cables and wires industry, enhancing market access and customer reach.
- Invests in manufacturing high-quality galvanized steel wires and cable products, with capacity to meet growing domestic demand.
- Positioned to benefit from India’s infrastructure push and increased government spending in power and railway electrification.
- Engaged in supplying products for projects across several Indian states, supporting revenue diversification and business scalability.
- Manufacturing and marketing of advanced cable products and conductors to meet national and international standards.
- Established background in cables and wires, with a financial review and peer analysis highlighting operational transparency for investors.
JD Cables IPO Risks
- The company’s debt/equity ratio has been high (2.27 in FY24), indicating greater financial risk and possible interest burden on profits.
- Operations require significant working capital investment for inventory and receivables, leading to potential liquidity constraints and cash flow issues.
- A large portion of revenue and contracts comes from Eastern India, exposing the business to regional risks and limiting geographic diversification.
- Faces intense competition from organized and unorganized players in the cables and wires industry, affecting pricing power and volume growth.
- Substantial business comes from state electricity boards and government entities; changes in government policy or payment delays could impact operations.
- Steel, aluminum, and copper price fluctuations can quickly impact raw material costs and erode profitability.
Swot Analysis for JD Cables IPO
Strengths
Rapid Revenue and Margin Growth, Strategic Manufacturing Hubs, Order Book Visibility
Weaknesses
Geographical Concentration, Exposure to Raw Material Costs, Operational Sensitivity
Opportunities
Nationwide Grid and Infrastructure Push, EPC and Private Sector Orders, Green & Smart Technology
Threats
Regulatory & Compliance Risks, Economic & Power Sector Cyclicality, Raw Material Volatility
Company Details
JD Cables Ltd.
Arch Square X2, 14th Floor, 1401, Salt Lake Sector V, Near College More, Sech Bhawan, North 24 Parganas, Salt Lake, West Bengal, India, 700091
Phone: +91 7439864020
Email: compliance@jdcables.in
Website: https://jdcables.in/
IPO Registar Details
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
FAQs
The key objectives of JD Cables SME IPO are:
- Funding working capital requirements of the company;
- Repayment/prepayment of all or certain of our borrowings availed of by the Company
- General corporate purposes
GYR Capital Advisors Pvt. Ltd. is the book-running lead managers for the JD Cables IPO.
JD Cables IPO shows strong growth momentum with revenue jumping from ₹40.9 crore in FY23 to ₹100.8 crore in FY24 and ₹250.7 crore in FY25, while profit rose to ₹22.15 crore. Robust return ratios and improving margins highlight scalability, though raw material volatility and debt management remain crucial.
The issue price for the JD Cables IPO is set between ₹144 to ₹152 per share.
To invest in two lot of JD Cables IPO, you need ₹2,30,400 at the lower price band (₹144 per share) or ₹2,43,200 at the upper price band (₹152 per share) for a lot size of 1600 shares.
JD Cables IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on September 25, 2025.
Refund/unblocking of funds for JD Cables IPO will begin on September 24, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your JD Cables IPO shares on listing day (September 25, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.