JD Cables Lists at ₹160, 5% Premium Over Issue Price of ₹152

Mumbai, September 25, 2025: JD Cables Limited’s initial public offering (IPO) on the BSE SME platform was successful, with the stock listing at ₹160 per share, a 5% premium over the issue price of ₹152. However, the shares experienced volatility on listing, hitting a day’s high of ₹160 before declining to a low of ₹152.

JD Cables was established in 2015 and specializes in manufacturing a variety of power and control cables as well as conductors, including AAC, AAAC, and ACSR. JD Cables is a significant player in India’s growing infrastructure and power sector, having been approved by several state electricity boards.

JD Cables Market Performance and Valuation

At 1:45 pm, the share continued flat at ₹152, with a turnover of ₹28.69 crore and traded quantity of 18.05 lakh. The listing placement provided JD Cables with a market capitalization of ₹342.78 crore and a free-float market capitalization of ₹68.94 crore. The volume-weighted average price (VWAP) was at ₹158.99, reflecting mixed sentiments from investors despite heavy demand during the IPO.

JD Cables Strong Anchor and Subscription Demand

Before listing, the company received ₹27.06 crore from anchor investors, including HDFC Bank, Beacon Stone Capital VCC, Negen Undiscovered Value Fund, and other investors. JD Cables IPO itself attracted unprecedented interest, receiving over 118.97 times the number of applications. Qualified Institutional Buyers subscribed 125.44 times, Non-Institutional Investors 133.34 times, with the category of >₹10 lakh alone witnessing 214.70 times subscription, while retail investors bid 106.94 times.

Outlook

Although the listing is enthusiastic, short-term volatility remains a concern. JD Cables has strong fundamentals and sector demand, positioning the company to grow sustainably as the market returns to stability.

REF: https://www.bseindia.com/stock-share-price/jd-cables-ltd/jdcables/544524/

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