- Issue price
- ₹152per share
- Issue size
- ₹95.99 Cr63,15,200 shares
- Face value
- ₹10per equity share
- Lot size
- 1,600 sharesMin. ₹2.43 L at the upper price
- Anchor biddingWed, 2025
- OpensThu, 2025
- ClosesMon, 2025
- AllotmentTue, 2025
- ListingThu, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 55,53,600 shares (₹84.41 Cr)
- Offer for sale
- 7,61,600 shares (₹11.58 Cr)
- Total issue
- 63,15,200 shares (₹95.99 Cr)
- Market maker portion
- 3,16,000 shares
- Face value
- ₹10
- Listing at
- BSE SME
- Promoter holding
- 97.35% → 70.01%
Source: ProspectusUpdated
Reservation
Share of the total issue- QIB47.1%
- Retail33.4%
- NII14.4%
- Market maker5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 21,12,000 | 35.20% | 35% |
| Non-institutional investors (NII) | 9,12,000 | 15.20% | 15% |
| Qualified institutional buyers (QIB) | 29,75,200 | 49.59% | 50% |
| Market maker | 3,16,000 | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹152 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 2 | 1,600 | ₹2.43 L |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25- EPS (basic)
- ₹13.39
- EPS (diluted)
- ₹13.39
- P/E (FY 2024-25 at cap price)
- 11.35×
- RoNW
- 73.89%
- ROCE
- 43.64%
- NAV per share (FY 2024-25 (post-bonus))
- ₹18.12
- Debt to equity
- 1.53
- EBITDA margin
- 13.62%
- PAT margin
- 8.84%
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|
| Revenue from operations | 250.53 | 100.83 | 40.86 |
| Total income | 250.70 | 100.85 | 40.86 |
| EBITDA | 34.14 | 7.22 | 0.81 |
| Profit after tax | 22.15 | 4.58 | 0.32 |
| Net worth | 29.98 | 7.83 | 1.18 |
| Reserves and surplus | 29.93 | 7.78 | 1.15 |
| Total assets | 115.23 | 45.08 | 17.89 |
| Total borrowing | 45.91 | 17.77 | 3.84 |
FY 2024-25 vs FY 2023-24: revenue +148.5%, profit after tax +383.7%.
Source: ProspectusUpdated
About the company
The company manufactures power cables, control cables, aerial bunched cables and aluminium conductors used for transmission and distribution of electricity. It supplies state electricity boards and customers across several eastern and north-eastern Indian states from manufacturing units in West Bengal.
- Incorporated
- 2015
- Industry
- Cables and Conductors
- CIN
- U29253WB2015PLC206712
- Website
- jdcables.in
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Mr. Piyush Garodia | Promoter | 97.16% | 69.86% | 7,61,600 |
| Mrs. Alka Goradia | Promoter group | 0.19% | 0.15% | — |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Funding working capital requirements | 45.00 |
| Repayment or prepayment of certain borrowings | 26.00 |
| General corporate purposes | 7.54 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| JD Cables LimitedIssuer | ₹13.39 | 11.35× | 73.89% | ₹18.12 |
| Dynamic Cables Limited | ₹13.38 | 31.69× | 17.34% | ₹154.31 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Revenue and profit rose sharply over FY 2022-23 to FY 2024-25 on the restated figures.
- Products are certified to several Indian quality standards and supplied to multiple state electricity boards.
- Manufacturing units in West Bengal include a test laboratory.
- Customer base spans several Indian states, with a large share from Bihar and Jharkhand in FY 2024-25.
Risks
- Borrowings are high relative to net worth, with a debt-equity ratio of 1.53 as of March 31, 2025.
- Promoter holds a very large majority and will remain dominant after the issue.
- Working capital needs are significant, with large receivables and inventories.
- Revenue is concentrated in a small number of states and in aerial bunched cables.
- Litigation exists for tax proceedings against the company and a director.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹152) appear here after the shares list on BSE SME.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the JD Cables IPO open and close?
According to the Prospectus, the issue opens on Thursday, 18 September 2025 and closes on Monday, 22 September 2025. These dates are tentative.
What is the JD Cables IPO price band?
The final issue price is ₹152 per share.
What is the lot size of the JD Cables IPO?
One lot is 1,600 shares, which is ₹2.43 L at ₹152 per share.
Where will JD Cables shares list?
On BSE SME. The tentative listing date is Thursday, 25 September 2025.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the JD Cables IPO allotment status?
The basis of allotment is expected to be finalised on Tuesday, 23 September 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited) or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹45 Cr for funding working capital requirements, ₹26 Cr for repayment or prepayment of certain borrowings, ₹7.54 Cr for general corporate purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.