JD Cables was incorporated on June 12, 2015. The company manufactures a wide range of cables and conductors used in power transmission and distribution. Its products meet national standards, hold multiple ISO/IS certifications, and are approved by State Electricity Boards
| Bidding Dates |
|---|
| 18 Sep 2025 - 22 Sep 2025 |
| Subscription |
|---|
| 118.97x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,30,400 | 2 | 2 | 800 | 6.3 M | ₹144 - ₹152 | 70 % | ₹909.4 M - ₹959.9 M | RHP DOC |
JD Cables IPO SUBSCRIPTION STATUS
22 Sep '25JD Cables IPO overall subscription rate was 118.97 times the total available shares
JD Cables IPO retail subscription rate was 142.24 times in the retail segment
JD Cables IPO non-institutional investor subscription rate was 240.39 times in the non-institutional investor category
JD Cables IPO Qualified Institutional Bidder subscription rate was 66.25 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
- | - | - | - |
- | - | - | - |
22 Sep 2025 (Day 5) | 142.24x | 240.39x | 66.25x |
19 Sep 2025 (Day 4) | 13.33x | 11.17x | 3.8x |
18 Sep 2025 (Day 3) | 2.23x | 1.66x | 3.8x |
JD Cables FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 250.5 | 22.2 | -18.2 | -25.5 | 13.6% |
| FY24 | 100.8 | 4.6 | -12.7 | -14.4 | 7.2% |
| FY23 | 40.9 | 0.3 | 1.2 | 1.2 | 2.0% |
JD Cables IPO SUBSCRIPTION STATUS DETAILS
JD Cables had 6.3 M shares on offer
JD Cables IPO offer price was in the range ₹144 - ₹152
JD Cables IPO minimum Investment was ₹230400
JD Cables IPO issue size was ₹ 909.4 M - ₹ 959.9 M
JD Cables had a minimum lot size of 800 Shares per application
JD Cables NUMBER OF SHARES ON OFFER
JD Cables IPO IMPORTANT DATES
| Issue Open Date | 18 Sep 2025 |
| Issue close Date | 22 Sep 2025 |
| Allotment Date | 23 Sep 2025 |
| Refund Date | 24 Sep 2025 |
| Demat Account Credit Date | 24 Sep 2025 |
| Listing Date | 25 Sep 2025 |
| Listing on Exchange(s) | BSE |
| JD Cables Allotment Status | Exchange/ Registrar |
JD Cables IPO subscription opened on 18 Sep 2025, and closed on 22 Sep 2025
IPO allotment for JD Cables was finalized on Tuesday, 23 Sep 2025
IPO listing for JD Cables was on BSE on Thursday, 25 Sep 2025
JD Cables IPO LISTING GAINS
| Issue Price (adjusted) | 152.0 |
| Listing Open Price | 160.0 |
| Listing Close Price | 157.9 |
| Listing Gain% | 5.3% |
| Current Gain% | 42.4% |
JD Cables Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JD Cables Ltd. | 216.4 | 488 | 15.4 | 0.4 | 1.3 | 21.7 | 13.4 | 365.2 | 45.7 | 31.7 | 43.2 | 14.1 | 43.2 |
| Polycab India Ltd. | 9242 | 139255.3 | 48.6 | 1.7 | 4.5 | 22.2 | 13 | 29120 | 28.8 | 2672 | 32.3 | 190.1 | 29.2 |
| KEI Industries Ltd. | 5681.6 | 54316.4 | 54.5 | 1.6 | 4.4 | 13.8 | 10.2 | 11906.3 | 21.4 | 918.4 | 31.9 | 104.3 | 34.4 |
| R R Kabel Ltd. | 2786.7 | 31519.1 | 51.9 | 0.6 | 2.9 | 19.1 | 10.6 | 9778.8 | 27.5 | 492.2 | 58 | 53.7 | 80.3 |
| Finolex Cables Ltd. | 1305.3 | 19963.2 | 24.9 | 0.9 | 2.9 | 11.7 | 10.2 | 6486.6 | 17.6 | 713.7 | 1.8 | 52.3 | 29.2 |
| Universal Cables Ltd. | 1710.2 | 5933.6 | 29.6 | 0.4 | 1.8 | 8.9 | 3.8 | 3051 | 25.5 | 163.1 | 82.5 | 57.7 | 71.7 |
JD Cables INFORMATION ON IPO ISSUE
About JD Cables
JD Cables was incorporated on June 12, 2015. The company manufactures a wide range of cables and conductors used in power transmission and distribution. Its products meet national standards, hold multiple ISO/IS certifications, and are approved by State Electricity Boards
Object of the Issue
- Funding working capital requirements of the company
- Repayment/prepayment of all or certain of the borrowings availed by the company
- General corporate purposes
JD Cables - PROMOTERS
| Name |
|---|
| Piyush Garodia |
JD Cables - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Piyush Garodia | Chairman & Managing Director |
| Rajesh Jhunjhunwala | Whole Time Director |
| Ganga Sharan Pandey | Non-Executive Independent Director |
| Twinkle Pandey | Non-Executive Independent Director |
| Pratik Kumar Ganeriwala | Non-Executive Non-Independent Director |
JD Cables Book Running Lead Manager
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
JD Cables Registrar to the issue
MUFG Intime India Private Limited
jdcables.smeipo@in.mpms.mufg.com
JD Cables Strengths
Strong demand & market presence
With strong demand and market presence, the company supports key sectors like power, telecom, and construction. Its quality products and long-term partnerships ensure steady growth and a competitive edge
Operational excellence & scalability
The company uses advanced technology and automation to boost productivity and reduce costs. Its scalable operations ensure the timely delivery of bulk orders, meeting growing market demands efficiently
Raw material sourcing & cost efficiency
The company secures quality raw materials through trusted suppliers and in-house conductor manufacturing. This integrated approach ensures cost efficiency, quality control, and a resilient supply chain
JD Cables Risks
Reguatory risks
The company operates in the highly regulated electrical equipment industry, manufacturing cables and conductors subject to strict BIS standards. Non-compliance may lead to fines, suspension of registration, or confiscation of products
Capital intensive
The company manufactures cables and conductors, critical for EPC activities in power and infrastructure, a working capital–intensive business. Project risks include delays, cost overruns, and raw material volatility, managed through a strong review and monitoring system
Approvals & licenses
The company requires various statutory approvals and licenses, many subject to renewal, to operate its business. Failure to obtain, renew, or comply with them may delay operations and adversely affect performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 11.6 crore, of 761,600 shares. It also consists of a fresh issue of Rs 84.4 crore.
The promoter of the company is Piyush Garodia.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 144.0 - 152.0.
The IPO application opens on Sep 18, 2025 and closes on Sep 22, 2025.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 230,400.0, the maximum value for this IPO is Rs 243,200.0.
This IPO will be allotted on Sep 23, 2025.
The refund will be credited to your account on Sep 24, 2025.
The allotted shares will be credited to your demat on Sep 24, 2025.
JD Cables Ltd.’s shares listed on the stock exchanges on Sep 25, 2025.