JD Cables IPO Day 2: Issue Subscribed 6.69x, Retail Bids 7.09x

Mumbai, September 19, 2025 – JD Cables Limited’s ₹96 crore IPO continued to attract strong investor interest on the second day of bidding. As of 2:34 PM, overall subscription reached 6.69 times, with retail and institutional investors leading the momentum.

JD Cables IPO Subscription Status Day 2 (as on 19 Sep 2025, 2:34 PM)

JD Cables Ltd IPO has been subscribed 6.69 times overall by the end of Day 2 (September 19, 2025, 2:34 PM), reflecting strong investor participation across categories.

The Qualified Institutional Buyers (QIB) category saw the highest demand, getting subscribed 7.20 times against the 11.97 lakh shares reserved. The Non-Institutional Investors (NII) segment subscribed 5.07 times, with the big NII portion (bids above ₹10 lakh) subscribed 5.19 times and the small NII portion (bids below ₹10 lakh) subscribed 4.82 times.

The retail investor portion also attracted robust interest, with the category subscribed 7.09 times against the 21.11 lakh shares on offer. Anchor investors had already been allotted 17.8 lakh shares, while market makers took up 3.16 lakh shares. In total, investors have applied for 2.82 crore shares against the 42.19 lakh shares offered, translating into an overall subscription of 6.69 times with 10,350 applications.

Anchor Investor Allocation (Finalized September 17, 2025)

JD Cables raised ₹27.06 crore from 20 anchor investors ahead of the IPO by allotting 17,80,000 shares at ₹152 per share. Key investors included Beacon Stone Capital VCC, Negen Undiscovered Value Fund, YR Investment Opportunities Fund, HDFC Bank, Moneywise Financial Services, and Arrow Emerging Opportunities Fund.

The IPO will close on September 22, 2025, with listing scheduled for September 25, 2025 on the BSE SME platform.

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