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JD Cables IPO
₹1,15,200/800 shares
Minimum Investment
IPO Details
18 Sep 25
22 Sep 25
₹1,15,200
800
₹144 to ₹152
BSE
₹95.99 Cr
25 Sep 25
Open Free Demat Account
Open Free Demat Account
JD Cables IPO Timeline
Bidding Start
18 Sep 25
Bidding Ends
22 Sep 25
Allotment Finalisation
23 Sep 25
Refund Initiation
24 Sep 25
Demat Transfer
24 Sep 25
Listing
25 Sep 25
JD Cables Limited

JD Cables Limited, incorporated in 2015, manufactures high-quality cables and conductors for power transmission and distribution sectors. The product portfolio includes Power Cables, Control Cables, Aerial Bunched Cables, Service Wires, and various aluminium conductors. The company operates through two manufacturing units in Howrah and Hooghly and serves multiple industrial sectors.
JD Cables Limited IPO Overview
JD Cables is launching an IPO worth ₹95.99 crores through the book-building route. The issue comprises a fresh issue of 0.56 crore shares, raising ₹84.41 crores, along with an offer for sale of 0.08 crore shares, amounting to ₹11.58 crores. The subscription window will open on September 18, 2025, and close on September 22, 2025, while allotment is expected on September 23, 2025. The shares are proposed to be listed on the BSE SME, with the tentative listing date set for September 25, 2025. The price band for the IPO is fixed at ₹144 to ₹152 per share, with a lot size of 800 shares. Retail investors need to invest a minimum of ₹2,43,200 for 1,600 shares at the upper price band, while HNIs are required to apply for a minimum of three lots, translating to 2,400 shares and ₹3,64,800. The issue is managed by GYR Capital Advisors Pvt. Ltd. as the book-running lead manager, with MUFG Intime India Pvt. Ltd. acting as the registrar, and Giriraj Stock Broking Pvt. Ltd. serving as the market maker.
JD Cables Limited IPO Details
| Particulars | Details |
| IPO Date | 18 September 2025 to 22 September 2025 |
| Listing Date | 25 September 2025 (Tentative) |
| Face Value | ₹10 per share |
| Issue Price Band | ₹144 to ₹152 per share |
| Lot Size | 800 shares |
| Total Issue Size | 63,15,200 shares (₹95.99 Cr) |
| Fresh Issue | 52,37,600 shares (₹84.41 Cr) |
| Offer for Sale | 7,61,600 shares (₹11.58 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,69,97,512 shares |
| Share Holding Post Issue | 2,25,51,112 shares |
| Market Maker Portion | 3,16,000 shares |
JD Cables Limited IPO Reservation
| Investor Category | Shares Offered |
| Market Maker | 3,16,000 (5%) |
| QIB | 29,77,600 (47.15%) |
| NII (HNI) | 9,10,400 (14.42%) |
| Retail | 21,11,200 (33.43%) |
| Total | 63,15,200 (100%) |
JD Cables Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 1,600 | ₹2,43,200 |
| Retail (Max) | 2 | 1,600 | ₹2,43,200 |
| HNI (Min) | 3 | 2,400 | ₹3,64,800 |
| HNI (Max) | 8 | 6,400 | ₹9,72,800 |
| B-HNI (Min) | 9 | 7,200 | ₹10,94,400 |
JD Cables Limited IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 97.35% |
| Post-Issue | 70.01% |
JD Cables Limited IPO Valuation Overview
| KPI | Value |
| EPS | 8.22 (Post-IPO) |
| P/E Ratio | 18.5 (Post-IPO) |
| RoNW | 73.89% |
| Return on Equity (ROE) | 117.17% |
| ROCE | 43.64% |
| EBITDA Margin | 13.62% |
| PAT Margin | 8.84% |
| Debt to Equity Ratio | 1.53 |
Objectives of the Proceeds
- Funding working capital requirements of the company: ₹45.00 Cr
- Repayment/prepayment of borrowings availed by the company: ₹26.00 Cr
- General corporate purposes
Key Financials (₹ Crore)
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 115.23 | 45.08 | 17.89 |
| Revenue | 250.70 | 100.85 | 40.86 |
| Profit After Tax | 22.15 | 4.58 | 0.32 |
| Reserves and Surplus | 29.93 | 7.78 | 1.15 |
| Total Borrowings | 45.91 | 17.77 | 3.84 |

SWOT Analysis of JD Cables IPO
Strength and Opportunities
- Established presence in power cable manufacturing sector with strong brand recognition.
- Increasing demand for electricity infrastructure in India provides strong growth opportunity.
- Diversified product portfolio including AAC, AAAC, and ACSR conductors enhances market reach.
- Expansion plans supported by IPO proceeds could enhance capacity and revenue streams.
Risks and Threats
- High dependence on power transmission and distribution industry exposes to sectoral risks.
- Competition from larger, established cable manufacturers may affect pricing power.
- Rising raw material costs, especially aluminium, can impact profitability margins.
- Regulatory changes in power and infrastructure sector may impact operations and profitability.
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About JD Cables Limited
JD Cables IPO Strengths
- Strong presence in the wire and cable industry with a diverse product portfolio catering to multiple sectors.
- Focus on quality manufacturing supported by modern technology and stringent standards.
- Established distribution network ensuring a strong market reach across regions.
- Consistent revenue growth with healthy margins, reflecting stable financial performance.
- Strong relationships with reputed customers, ensuring repeat business and trust.
- Experienced promoters and management team with deep industry expertise.
- Expansion opportunities supported by IPO proceeds to strengthen operations.
- Backing of reputed lead manager and market maker, boosting credibility.
Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (₹) | P/E (x) | RoNW (%) | P/BV Ratio |
| JD Cables Limited | 4.60 | 4.60 | 4.73 | 58.50 | – | – |
| Peer Group | ||||||
| Dynamic Cables Limited | 17.16 | 17.16 | 97.19 | 54.81 | 17.65 | 9.69 |
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
- 1Login to your HDFC SKY Account
- 2Select Issue
- 3Enter Number of Lots and your Price.
- 4Enter UPI ID
- 5Complete Transaction on Your UPI App
FAQs On JD Cables Limited IPO
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