₹1,21,600 / 800 shares
JD Cables IPO Details
RHP/DRHPIssue Date
18 Sep - 22 Sep'25
Investment/lot
₹1,21,600
Price Range
₹144 - ₹152
Lot Size
800
IPO Size
₹95.99 Cr
JD Cables IPO Listing Details
Listing On
25 Sep'25
Issue Price
₹152
Listed Price
₹ 160
Retail Gain/Listing Gain
▲5.26%
Schedule of JD Cables IPO
Start date
18/09/2025
End date
22/09/2025
Allotment of bids
23/09/2025
Refund Initiation
Listing on exchange
25/09/2025
JD Cables IPO Subscription Status
(Last updated on 22 Sep 2025 04:45 PM)
| Day | Total | QIB | Retail | NII |
|---|---|---|---|---|
Day 1 18-Sep-2025 | 2.93x | 7.2x | 1.68x | 0.92x |
Day 2 19-Sep-2025 | 8.24x | 7.2x | 10.02x | 6.2x |
Day 3 22-Sep-2025 | 117.97x | 125.44x | 104.93x | 133.12x |
JD Cables IPO Subscription Rate
| Category | Subscription Rate |
|---|---|
Non-Institutional (HNI) | 133.29x |
Qualified Institutions | 125.44x |
Retail | 106.47x |
Total Subscription | 118.73x |
About JD Cables IPO
The IPO of JD Cables Ltd comprises a fresh issue and an offer for sale. Fresh issue comprises up to 55,53,600 equity shares, the offer for sale makes up to 7,61,600 equity shares. A 100% book-built issue, the price band of the IPO is ₹144-₹152 per share. The lot size of the IPO is 800. It opens on September 18, 2025 and closes on September 22, 2025.
The listing date is on or before September 25, 2025 and the allotment date is on or before September 23, 2025. The credit of shares to the Demat account will take place on or before September 24, 2025, while the initiation of refund will take place on or before September 24, 2025.
JD Cables Ltd is engaged in manufacturing of cables and conductors which widely include manufacturing of Power Cables, Control Cables, Aerial Bunched Cables, Single-core service wire and All Aluminium Conductor (A.A.C.), All Aluminium Alloy Conductor (A.A.A.C.), Aluminium conductor steel reinforced (A.C.S.R.) Conductors used for transmission and distribution of electricity.
Objectives of JD Cables IPO
The company proposes to utilise the IPO proceeds for:
- 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 IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band | ₹152 |
Fresh Issue | Up to 55,53,600 equity shares |
Offer for Sale | Up to 7,61,600 equity shares |
EPS in ₹ in FY 25 | 13.39 |
JD Cables IPO Lot Size
| Application | Lots | Shares | Amount in INR |
|---|---|---|---|
Individual Investors (Retail) (Min) | 2 | 1600 | 2,43,200 |
Individual Investors (Retail) (Max) | 2 | 1600 | 2,43,200 |
S-HNI (Min) | 3 | 2400 | 3,64,800 |
S-HNI (Max) | 8 | 6400 | 9,72,800 |
B-HNI (Min) | 9 | 7200 | 10,94,400 |
JD Cables IPO Share Offer and Subscription Details
| Investor | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net issue size |
Non-institutional Applicants | Not more than 15% of the net issue size |
Individual Investors | Not less than 35% of the net issue size |
Market maker reservation portion is 5.004% of the offer size.
Industry Outlook
The India wires and cables market size was valued at USD 9.32 billion in 2024. The market is projected to grow from USD 10.01 billion in 2025 to USD 17.08 billion by 2032, exhibiting a CAGR of 7.94% during the forecast period.
India has observed a substantial rise in the demand for wires and cables due to the country's ambitious renewable energy goals and the growing awareness of the potential of renewable energy, such as solar and wind power. In solar power plants, photovoltaic (PV) projects require a high-quality cabling system that connects all electrical components with minimal energy loss.
The significant growth of solar panels in India is creating a considerable demand for solar cables. According to industry standards, a 1 MW solar project will use about 50 km of solar cable. Considering the Indian government's target of 100 GW of installed solar capacity by 2022, India's solar cable requirement alone is more than 5 million kilometres.
Company Information
JD Cables Ltd is engaged in manufacturing of Cables and Conductors which widely include manufacturing of Power Cables, Control Cables, Aerial Bunched Cables, Single-core service wire and All Aluminium Conductor (A.A.C.), All Aluminium Alloy Conductor (A.A.A.C.), Aluminium conductor steel reinforced (A.C.S.R.) Conductors used for transmission and distribution of electricity.
The company’s products adhere to national quality standards and are widely used in the electrical industry. It has obtained ISO 9001:2015, IS398: PART 2 :1996, IS 694: 2010, IS 1554: PART 1 :1988, IS 7098: PART 1 :1988, IS 14255: 1995, ISO 9001:2015 Certificates for manufacturing of wires, cables & conductors.
Strengths of JD Cables Ltd
- Strong industry demand & market presence
- Experienced promoter supported by management and execution team with proven track record
- Operational excellence & scalability
- Raw material sourcing & cost efficiency
- Track record of sustained growth and strong financial performance
Risks of JD Cables Ltd
- Increase in price of raw materials and other input costs may adversely impact business
- Compliance challenges in the highly regulated electrical equipment sector
- Operational risks due to transportation delays or failures
- Operational dependence on manufacturing and potential workforce challenges
- Slowdown or shutdown of manufacturing operations may impact business and financial performance
All Financial Information about JD Cables IPO
Comparison with peers
| Company Name | Total Income (in ₹ crores) | EPS in ₹ | Return on Net Worth (in %) | NAV Per Share (in ₹) |
|---|---|---|---|---|
Dynamic Cables Ltd | 1031.8882 | 27.31 | 17.34 | 154.31 |
JD Cables Ltd | 250.6951 | 13.39 | 73.89 | 18.12 |
Anchor Investor Bidding Date
Anchor portion of the IPO opens on September 17, 2025.
IPO Registrar and Book Running Lead Manager
- IPO Registrar: MUFG Intime India Pvt Ltd
- Book Running Lead Manager: GYR Capital Advisors Pvt Ltd
Business Model
JD Cables Ltd is engaged in manufacturing of Cables and Conductors which widely include manufacturing of Power Cables, Control Cables, Aerial Bunched Cables, Single-core service wire and All Aluminium Conductor (A.A.C.), All Aluminium Alloy Conductor (A.A.A.C.), Aluminium conductor steel reinforced (A.C.S.R.) conductors used for transmission and distribution of electricity.
Company Growth Trajectory
The revenue from operations of JD Cables Ltd grew from ₹40.8554 crores in FY 23 to ₹250.5258 crores in FY 25. Its EBITDA margin grew from 1.97% in FY 23 to 13.62% in FY 25, while PAT margin grew from 0.78% in FY 23 to 8.84% in FY 25. The company's growth and success have been driven by the unwavering dedication of its promoter, Mr. Piyush Garodia, who has been a cornerstone of its journey since its inception.
Market Position
JD Cables Ltd has obtained ISO 9001:2015, IS 398: PART 2 :1996, IS 694: 2010, IS 1554: PART 1 :1988, IS 7098: PART 1 :1988, IS 14255: 1995, ISO 9001:2015 Certificates for manufacturing of wires, cables & conductors. The company is an approved vendor for various state electricity boards. Its supply network spans across multiple states, including Assam, Odisha, Jharkhand, Bihar, Manipur, Tripura, Arunachal Pradesh, Madhya Pradesh, Chhattisgarh, Meghalaya, Mizoram and West Bengal.
JD Cables IPO Profit and Loss
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Total Income (in ₹ crores) | 250.6951 | 100.8544 | 40.8620 |
Profit Before Tax (in ₹ crores) | 29.6339 | 6.1391 | 0.4321 |
Profit After Tax (in ₹ crores) | 22.1530 | 4.5798 | 0.3196 |
EBITDA (in ₹ crores) | 34.1447 | 7.2221 | 0.8063 |
EPS in ₹ | 13.39 | 4.60 | 0.32 |
JD Cables IPO Balance Sheet
| Parameter | FY 25 | FY 24 | FY 23 |
|---|---|---|---|
Profit After Tax (in ₹ crores) | 29.6339 | 6.1391 | 0.4321 |
Cash Generated from / (utilised in) Operating Activities (in ₹ crores) | (18.2124) | (12.7469) | 1.2249 |
Cash Generated from / (utilised in) Investing Activities (in ₹ crores) | (7.0933) | (1.6105) | 0.0066 |
Cash Generated from /utilised in) Financing Activities (in ₹ crores) | 24.6537 | 15.0055 | (1.2149) |
Closing Cash and Bank Equivalents (in ₹ crores) | 0.0242 | 0.6763 | 0.0282 |
How to Check Allotment Status of JD Cables IPO?
1. Visit the Registrar’s Website
- Visit the website of MUFG Intime India Pvt Ltd
- Choose ‘Public Issues’ from Investor Services dropdown
- Choose the name of the company from ‘Select Company’ dropdown
- Enter any of these - PAN Number, Application Number, DP/Client ID, Account Number / IFSC
- Click on Submit to check the status
2. Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:
- Choose the Issue Type
- Select the Issue Name from dropdown
- Put in either your application number or PAN number
- Check the box ‘I’m not a robot’
- Click on ‘Search’ to know allotment status
How to Apply for the JD Cables Ltd IPO?
- Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Specify IPO details - Enter the number of lots and the price you wish to apply for.
- Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
- Mandate Notification - Your UPI app will receive a mandate notification to block funds.
- Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
JD Cables IPO FAQs
When is JD Cables IPO allotment?
JD Cables IPO will be allotted on 2025-09-23.
When is JD Cables IPO listing date?
JD Cables will list on 2025-09-25.
What is the issue size of JD Cables IPO?
₹95.99 Cr is the issue size of JD Cables IPO.
What is the minimum lot size required for JD Cables IPO?
The minimum lot size is 800 shares and the investment required is ₹121600.
What is the price band of the JD Cables IPO?
The price band of JD Cables IPO is ₹144 to ₹152.
Where can I read more about JD Cables business?
You can read more about JD Cables and its IPO from the company’s red herring prospectus (RHP) here.
What is the JD Cables Ltd IPO?
JD Cables Ltd’s IPO consists of a fresh issue of up to 55,53,600 equity shares aggregating up to ₹79.61 crores and an offer for sale of up to 7,61,600 equity shares aggregating to ₹11.58 crores. The total offer size combines both components and is up to 63,15,200 equity shares aggregating to ₹95.99 crores.
When is the JD Cables Ltd IPO coming?
The IPO opens on September 18, 2025 and closes on September 22, 2025.
Who is the Chairman and MD of JD Cables Ltd?
Piyush Garodia is the Chairman and MD of JD Cables Ltd.
What is the lot size of shares of JD Cables Ltd?
The lot size of shares of JD Cables Ltd is 800.
From where can I get more information about the IPO of JD Cables Ltd?
To get more information about the IPO of JD Cables Ltd, click on the company’s red herring prospectus here.