Johnsoncab Electricals Debuts at ₹238.50 on BSE SME, Falls 1.47%

Mumbai, November 06: Shares of Johnsoncab Electricals made their debut on the BSE SME platform at ₹238.50 apiece on Friday, November 6, 2026. The listing price was ₹38.50, or 19.25%, above the IPO issue price of ₹200 per share. 

After listing, the shares moved lower. At 10:00 AM IST, Johnsoncab Electricals was trading at ₹235, down ₹3.50, or 1.47%, from its listing price. However, the stock remained 17.50% above the IPO issue price. 

Johnsoncab Electricals Shares Ease To ₹235 After Listing 

The stock was quoted at ₹235 at 10:00 AM IST, according to the market snapshot, against its listing price of ₹238.50. 

This represented a decline of 1.47% from the debut price. Compared with the Johnsoncab Electricals IPO issue price of ₹200, the shares were still trading 17.50% higher. 

The market snapshot recorded a volume of 77,400 shares at the time. 

₹56.02 Crore IPO Was Entirely A Fresh Issue 

Johnsoncab Electricals raised ₹56.02 crore through its book-built IPO. The issue comprised 28,00,800 shares, including 26,59,200 shares offered to the public after excluding the market-maker portion. 

The IPO was entirely a fresh issue, meaning the company issued new shares to raise capital. The issue price was fixed at ₹200 per share, within the price band of ₹190–₹200. 

IPO Received 23.82 Times Overall Subscription 

The IPO received 23.82 times overall subscription during its three-day bidding period from October 30 to November 3, 2026. 

The non-institutional investor (NII) category was subscribed 42.27 times, while the qualified institutional buyer (QIB) portion, excluding anchor investors, received 20.19 times subscription. The individual investor category was subscribed 17.98 times. 

The subscription figures indicate bids received relative to the shares offered in each investor category. 

NII Category Led Subscription Demand 

The NII portion received bids for 1,68,93,000 shares against 3,99,600 shares offered. Within this category, the portion for applications above ₹10 lakh was subscribed 50.50 times, while the portion below ₹10 lakh received 25.82 times subscription. 

The QIB category, excluding anchor investors, received bids for 1,07,19,000 shares against 5,31,000 shares offered. Individual investors applied for 1,67,84,400 shares against 9,33,600 shares offered. 

IPO Price Was Fixed At ₹200 Per Share 

Johnsoncab Electricals had set its IPO price band at ₹190–₹200 per share and fixed the final issue price at the upper end of the band. 

The lot size was 600 shares, taking the minimum retail application amount to ₹1,20,000 at the issue price. The shares were scheduled to list on the BSE SME platform on November 6, following the completion of allotment and credit of shares. 

Johnsoncab Electricals Share Price Snapshot At 10:00 AM 

At 10:00 AM IST on November 6, Johnsoncab Electricals shares were trading at ₹235 on the BSE SME platform. 

The price was 1.47% below the listing price of ₹238.50 but remained 17.50% above the IPO issue price of ₹200. The market snapshot recorded a traded volume of 77,400 shares. 

Conclusion 

Johnsoncab Electricals shares debuted at ₹238.50 on the BSE SME platform, marking a 19.25% premium over the IPO issue price of ₹200. By 10:00 AM IST, the stock had eased to ₹235, down 1.47% from its listing price. The ₹56.02 crore IPO received 23.82 times overall subscription, with the NII category recording the highest subscription at 42.27 times. 

Source: 

• https://www.bseindia.com/stock-share-price/johnsoncab-electricals-ltd/johnsoncab/545021