JD Cables IPO
JD Cables IPO Details
-
Open Date
18 Sep 2025
-
Close Date
22 Sep 2025
-
Listing Date
25 Sep 2025
- IPO Price Range
₹ 144 to ₹152
- IPO Size
₹ 95.99 Cr
- Listing Exchange
BSE SME
JD Cables IPO Timeline
JD Cables IPO Subscription Status
| Date | QIB | NII | Individual Investors | TOTAL |
|---|---|---|---|---|
| 18-Sep-25 | 7.20 | 1.24 | 1.68 | 3.15 |
| 19-Sep-25 | 7.20 | 8.00 | 10.00 | 8.78 |
| 22-Sep-25 | 125.44 | 179.28 | 106.89 | 127.78 |
Last Updated: 22 September 2025 6:45 PM by 5paisa
Incorporated in 2015, JD Cables Limited manufactures a range of cables and conductors for power transmission and distribution. Its product portfolio includes Power Cables, Control Cables, Aerial Bunched Cables, Single-core Service Wires, and conductors such as All Aluminium Conductor (AAC), All Aluminium Alloy Conductor (AAAC), and Aluminium Conductor Steel Reinforced (ACSR). These products are used extensively for efficient and reliable electricity transmission.
JD Cables operates through two manufacturing units located in Howrah and Hooghly, West Bengal. As of May 31, 2025, the company employed 28 permanent staff.
Managing Director: Piyush Garodia
Peers
Dynamic Cables Limited
JD Cables Objectives
Fund working capital requirements — ₹45.00 Cr
Repayment/prepayment of borrowings — ₹26.00 Cr
General corporate purposes
JD Cables IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹95.99 Cr |
| Offer For Sale | ₹11.58 Cr |
| Fresh Issue | ₹79.61 Cr |
JD Cables IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,600 | ₹2,30,400 |
| Retail (Max) | 2 | 1,600 | ₹2,30,400 |
| S-HNI (Min) | 3 | 2,400 | ₹3,54,600 |
| S-HNI (Max) | 8 | 6,400 | ₹9,21,600 |
| B-HNI (Min) | 9 | 7,200 | ₹10,36,800 |
JD Cables IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 125.44 | 11,97,600 | 15,02,29,600 | 2,283.49 |
| NII (HNI) | 179.28 | 9,10,400 | 16,32,12,000 | 2,480.82 |
| Individual Investors (IND category bidding for 2 Lots) | 106.89 | 21,11,200 | 22,56,72,000 | 3,430.21 |
| Total** | 127.78 | 42,19,200 | 53,91,13,600 | 8,194.53 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 40.86 | 100.85 | 250.70 |
| EBITDA | 0.81 | 7.22 | 34.14 |
| PAT | 0.32 | 4.58 | 22.15 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 17.89 | 45.08 | 115.23 |
| Share Capital | 0.03 | 0.05 | 0.05 |
| Total Borrowing | 3.84 | 17.77 | 45.91 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 1.25 | -12.75 | -18.21 |
| Net Cash Generated From / (used in) investing activities | 0.007 | -1.61 | -7.09 |
| Net Cash Generated From / (used in) financing activities | -1.21 | 15.01 | 24.65 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.02 | 0.65 | -0.65 |
Strengths
1. Strong financial growth: Revenue and PAT surged FY23–FY25
2. Diversified product portfolio for power transmission and distribution
3. Strategically located manufacturing units in West Bengal
4. Experienced management and operational expertise
Weaknesses
1. Limited geographic presence (mainly West Bengal)
2. Dependency on power sector demand and projects
3. Moderate brand visibility nationally
4. Working-capital-intensive operations
Opportunities
1. Growing power transmission and electrification projects in India
2. Expansion potential into new regions and markets
3. Increasing adoption of renewable energy and smart grids
4. Export opportunities for aluminium conductors
Threats
1. Competition from established cable manufacturers
2. Fluctuating raw material prices (aluminium, copper)
3. Regulatory changes impacting power sector projects
4. A slowdown in infrastructure or electricity projects is affecting demand
1. Strong financial performance with significant PAT growth.
2. Clear use of IPO proceeds for working capital and debt reduction.
3. Strategic positioning in the growing power transmission and distribution market.
4. Experienced management and operational setup with two manufacturing units.
India’s power transmission and distribution sector is expanding rapidly due to rising electricity demand, urbanisation, and renewable energy integration. The Indian cable market is estimated at several thousand crores, driven by infrastructure projects, urban electrification, and grid modernisation. With strong demand for reliable power distribution and increased adoption of efficient conductors, JD Cables is well-positioned for growth.
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FAQs
The JD Cables IPO opens on September 18, 2025 and closes on September 22, 2025.
The total issue size of JD Cables IPO is ₹95.99 Cr.
Price band of JD Cables IPO is ₹144 to ₹152 per share.
To apply for JD Cables IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the JD Cables IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
Minimum lot size of JD Cables IPO is 1,600 shares (2 lots), investment ₹2,30,400.
Allotment date of JD Cables IPO is September 23, 2025.
JD Cables IPO is expected to be listed on September 25, 2025, on BSE SME.
GYR Capital Advisors Pvt. Ltd. is the book runner, MUFG Intime India Pvt. Ltd. is the registrar and Giriraj Stock Broking Pvt. Ltd is market maker of the JD cable IPO.
JD Cables plans to utilise the raised capital from the IPO for:
● Fund working capital requirements — ₹45 Cr
● Repay borrowings — ₹26 Cr
● General corporate purposes
JD Cables Contact Details
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/
JD Cables IPO Register
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 Lead Manager
GYR Capital Advisors Pvt.Ltd