Johnsoncab Electricals IPO
Johnsoncab Electricals IPO Details
-
Open Date
30 Oct 2026
-
Close Date
03 Nov 2026
- IPO Price Range
₹ 190 to ₹200
- IPO Size
₹ 56.02 Cr
Johnsoncab Electricals IPO Timeline
Last Updated: 27 October 2026 3:50 PM by 5paisa
Johnsoncab Electricals Limited is a Gujarat-based manufacturer of electrical wires and cables serving residential, agricultural, industrial, power infrastructure, renewable energy and other applications. The company manufactures and markets its products under the Johnson Cables brand. Its portfolio includes house wires, low-voltage power cables, control cables, industrial cables, submersible flat cables, welding cables and solar photovoltaic cables.
The company operates two manufacturing facilities in Mehsana, Gujarat, with a combined installed capacity of approximately 79,950 kilometres of cables annually as of FY26. Its manufacturing processes include wire drawing, annealing, bunching, insulation, extrusion, testing and packaging. The facilities support production across different cable specifications, conductor materials and end-use requirements.
Johnsoncab supplies products to private-sector customers and government-related projects through direct orders, tenders and approved-vendor arrangements. Its manufacturing operations are supported by quality certifications and testing facilities. The company had 167 employees as of 31 March 2026.
Established in: 2020
Managing Director: Chandreshkumar Shankerlal Patel
Peers:
Susan Electricals India Limited
JD Cables Limited
Prime Cable Industries Limited
Johnsoncab Electricals Objectives
The company proposes to utilise the net proceeds from the fresh issue towards:
1. Construction of an additional factory shed to expand manufacturing infrastructure, involving approximately ₹7.89 crore.
2. Purchase of additional plant and machinery to increase existing production capacity, involving approximately ₹9.90 crore.
3. Acquisition of machinery for manufacturing paper-insulated copper and aluminium conductors, involving approximately ₹6.89 crore.
4. Installation of a rooftop solar power plant, involving approximately ₹3.23 crore.
5. Funding additional working capital requirements of approximately ₹14.00 crore.
6. General corporate purposes.
The identified capital expenditure and working capital allocations aggregate to approximately ₹41.91 crore. These investments are intended to support manufacturing expansion, product diversification and operational requirements.
Johnsoncab Electricals IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹56.02 Cr |
| Offer For Sale | – |
| Fresh Issue | ₹56.02 Cr |
Johnsoncab Electricals IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 1200 | 228000 |
| Individual Investors (IND) (Max) | 2 | 1200 | 240000 |
| HNI (Min) | 3 | 1800 | 342000 |
| S-HNI (Max) | 8 | 4800 | 960000 |
| B-HNI (Min) | 9 | 5400 | 1026000 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 88.33 | 139.79 | 210.47 |
| EBITDA | 5.42 | 12.14 | 24.06 |
| PAT | 2.52 | 5.46 | 13.42 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 48.44 | 64.28 | 126.64 |
| Share Capital | 3.00 | 3.00 | 7.77 |
| Total Liabilities | 48.44 | 64.28 | 126.64 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (Used In) Operating Activities | -4.27 | -1.73 | -19.70 |
| Net Cash Generated From / (Used In) Investing Activities | -9.91 | -3.39 | -16.69 |
| Net Cash Generated From / (Used In) Financing Activities | 14.13 | 5.16 | 36.65 |
| Net Increase / (Decrease) In Cash And Cash Equivalents | -0.05 | 0.04 | 0.26 |
Strengths
1. The company manufactures a diversified range of electrical wires and cables, serving agricultural, residential, industrial, power infrastructure and renewable energy applications.
2. Two manufacturing facilities in Mehsana provide production infrastructure for different cable categories, with a combined installed capacity of approximately 79,950 kilometres annually as of FY26.
3. In-house manufacturing processes, including wire drawing, insulation, extrusion and testing, support control over product specifications and manufacturing quality.
4. Revenue from operations increased from approximately ₹88.33 crore in FY24 to ₹210.47 crore in FY26, accompanied by higher EBITDA and PAT.
5. Product certifications and established manufacturing capabilities support participation in institutional procurement and approved-vendor supply arrangements.
Weaknesses
1. Manufacturing operations are geographically concentrated in Mehsana, Gujarat, exposing the company to disruptions affecting the region or its facilities.
2. The business requires substantial working capital to finance raw materials, inventory, customer credit and manufacturing operations.
3. Total borrowings increased from approximately ₹32.81 crore in FY24 to ₹79.88 crore in FY26, increasing financing obligations.
4. Copper, aluminium and other materials are important production inputs, making procurement costs sensitive to fluctuations in commodity prices.
5. The company depends on manufacturing equipment, skilled personnel and uninterrupted production processes to fulfil orders and maintain quality standards.
Opportunities
1. Expansion of India's electricity distribution and transmission infrastructure can support demand for power and control cables.
2. Growth in solar power installations creates additional opportunities for photovoltaic cables and associated electrical products.
3. The proposed investment in additional manufacturing capacity can support higher production volumes across existing product categories.
4. Planned machinery for paper-insulated copper and aluminium conductors could enable Johnsoncab to enter additional specialised conductor applications.
5. Investment in rooftop solar generation may help the company meet part of its manufacturing electricity requirements internally.
Threats
1. Competition from established national cable manufacturers and regional suppliers may exert pressure on pricing and margins.
2. Volatility in copper, aluminium, polymers and other raw-material prices could affect manufacturing costs and profitability.
3. Changes in quality standards, certification requirements and procurement specifications could require additional compliance expenditure.
4. Delays in infrastructure, construction or renewable energy projects may affect customers' procurement schedules.
5. Manufacturing interruptions, power shortages, equipment failures or supply-chain disruptions could affect delivery commitments.
1. Expanding operating scale: Revenue from operations increased from approximately ₹88.33 crore in FY24 to ₹210.47 crore in FY26, reflecting growth in the company's manufacturing business.
2. Improving profitability: EBITDA increased to ₹24.06 crore in FY26, while PAT reached ₹13.42 crore, accompanied by improved operating margins.
3. Diversified end-use applications: The company's products serve residential, agricultural, industrial, infrastructure and solar applications, providing exposure to several electrical equipment markets.
4. Planned capacity expansion: IPO proceeds are proposed to finance additional factory infrastructure and manufacturing machinery, including equipment for specialised insulated conductors.
5. Working capital and operational investment: Approximately ₹14.00 crore is earmarked for additional working capital, while proposed rooftop solar investment may support the company's manufacturing energy requirements.
India's electrical wires and cables industry serves several sectors, including construction, industrial manufacturing, electricity transmission and distribution, renewable energy and agricultural infrastructure. Demand is linked to the development of electrical networks, new buildings, industrial facilities and equipment requiring reliable power connections.
Expansion in electricity distribution infrastructure and growing adoption of solar power are relevant demand drivers for low-voltage power cables, control cables and photovoltaic cables. Industrial automation and manufacturing expansion also require specialised cables for machinery, control systems and electrical installations.
Johnsoncab Electricals participates in this market through a product portfolio covering residential wiring, submersible pump cables, industrial cables, low-voltage power cables and solar applications. Its existing manufacturing facilities in Gujarat provide a production base for these categories.
The company's proposed IPO-funded expansion includes additional factory infrastructure, machinery for increasing production capacity and equipment for paper-insulated copper and aluminium conductors. These investments could broaden its manufacturing capabilities and product range.
However, the company's ability to benefit from industry demand will depend on capacity utilisation, order execution, raw-material procurement, working-capital management and competition from other cable manufacturers.
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FAQs
Johnsoncab Electricals IPO opens on 30 October 2026 and closes on 3 November 2026.
The Johnsoncab Electricals IPO has a total issue size of approximately ₹56.02 crore.
The price band of Johnsoncab Electricals IPO has been fixed at ₹190 to ₹200 per equity share.
To apply for the Johnsoncab Electricals IPO through 5paisa:
1. Log in to your 5paisa demat account and select Johnsoncab Electricals IPO from the current IPO section.
2. Enter the number of lots and the price at which you wish to apply.
3. Enter your UPI ID and submit the application. Your bid will then be placed with the exchange.
4. Approve the mandate notification received through your UPI application to block the required funds.
The minimum application for Johnsoncab Electricals IPO is 1,200 shares, equivalent to two lots of 600 shares each. At the floor price of ₹190 per share, the minimum investment is ₹2,28,000.
The basis of allotment for Johnsoncab Electricals IPO is expected to be finalised on 4 November 2026.
Johnsoncab Electricals IPO is tentatively scheduled to list on the BSE SME platform on 6 November 2026.
ISK Advisors Private Limited is the book-running lead manager for Johnsoncab Electricals IPO.
Johnsoncab Electricals proposes to utilise the fresh-issue proceeds for:
1. Construction of an additional factory shed for manufacturing expansion.
2. Purchase of plant and machinery to increase production capacity.
3. Acquisition of machinery for paper-insulated copper and aluminium conductors.
4. Installation of a rooftop solar power plant.
5. Funding additional working capital requirements.
6. General corporate purposes.