JD Cables IPO Fully Subscribed Within Hours; Anchor Investors Commit ₹27.06 Crore

Mumbai, September 18, 2025: JD Cables IPO of JD Cable Limited, which opened on Thursday, was fully subscribed within a few hours. By 1:05, the issue was oversubscribed by 2.28 times overall. The subscription (overall) reached 2.74 times by 02:30 PM. The 96 crore issue has seen a massive 7.20 times oversubscription by the QIB (Qualified Institutional Buyers) category.

The company aims to use the funds for working capital, repayment of existing debts, and other general corporate purposes.

Category-Wise Subscription Status (as on 18 Sep 2025, 02:30 PM)

The JD Cables IPO received an overall subscription of 2.74 times on Day 1, with strong participation from institutional investors. The QIB (ex-anchor) category led the response, with a subscription rate of 7.20 times, indicating strong institutional confidence. Anchor investors fully subscribed to their portion of 17.80 lakh shares worth ₹27.05 crore.

However, the NII category lagged at 0.84 times, with bids below ₹10 lakh (sNII) at just 0.58 times, showing weaker demand among smaller non-institutional buyers. The retail investor category managed a modest 1.03 times subscription, reflecting average retail interest. Overall, the IPO drew robust institutional demand but relatively cautious retail and HNI participation.

Anchor Investor Allocation (September 17, 2025)

Ahead of its IPO, JD Cables successfully raised ₹27.06 crore from anchor investors on September 17, 2025, by allotting 17.80 lakh shares at ₹152 per share. The anchor book saw participation from notable funds such as Beacon Stone Capital VCC (10.07%), Negen Undiscovered Value Fund (7.37%), YR Investment Opportunities Fund (7.37%), Mint Focused Growth Fund (6.74%), and Moneywise Financial Services (6.74%), along with several other institutions, including HDFC Bank and Arrow Emerging Opportunities Fund. The strong anchor response, spread across 20 investors, highlights institutional confidence in JD Cables’ fundamentals ahead of the public offering.

The issue is already oversubscribed with massive institutional demand for the first day, showing institutional conviction. The anchor participation has already been received, and the other two categories, retail and NII, are expected to catch up during the later days of bidding as the issue remains open until September 22, 2025, with listing scheduled for September 25, 2025, on the BSE SME platform.

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