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JD Cables IPO
Price Band
₹144.0–152.0
Issue Size
₹95.99 Cr
Lot Size
800 shares
Min Investment
₹243,200
2 LOTS MIN
GMP
+₹21.0 (13.82%)
Issue Price
₹152.0
Subject to Sauda
₹12800
Paid only if allotted
JD Cables IPO AI Summary
- JD Cables IPO is listed on BSE SME in the Cables - Electricals sector.
- Price band: ₹144.0–₹152.0 per share, lot size 800 shares (min. investment ₹243,200, 2 lots minimum).
- Subscription window: 18 Sep–22 Sep 2025, listing on 25 Sep 2025.
- Current GMP is +₹21.0 (13.82%), an estimated listing price of ₹173 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
JD Cables IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 22 Sep 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
JD Cables IPO Grey Market Premium (GMP) Today
GMP
+₹21.0
GMP %
+13.82%
Est. Listing
₹173.0
Updated: 25 Jul 2026 14:12
About the Company
Incorporated in 2015, JD Cables Limited is engaged in the manufacturing of high-quality cables and conductors that cater to the power transmission and distribution sector. The company’s product portfolio includes Power Cables, Control Cables, Aerial Bunched Cables, Single-core Service Wires, and a wide range of conductors such as All Aluminium Conductor (AAC), All Aluminium Alloy Conductor (AAAC), and Aluminium Conductor Steel Reinforced (ACSR). These products are extensively used for efficient and reliable transmission and distribution of electricity. JD Cables operates through two strategically located manufacturing units: Unit I: 26/1, F Road, Belgachia, Howrah – 711101 Unit II: Ward No.1, Chakundi, Star Battery Gate, Dankuni, Hooghly As of May 31, 2025, the company employed 28 permanent staff.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 115.23 | 45.08 | 17.89 |
| Total Income | 250.70 | 100.85 | 40.86 |
| Profit After Tax | 22.15 | 4.58 | 0.32 |
| EBITDA | 34.14 | 7.22 | 0.81 |
| NET Worth | 29.98 | 7.83 | 1.18 |
| Reserves and Surplus | 29.93 | 7.78 | 1.15 |
| Total Borrowing | 45.91 | 17.77 | 3.84 |
Key Ratios
EPS
₹13.03
NAV
₹18.12
ROE
117.17%
ROCE
43.64%
RoNW
73.89%
P/B Value
8.39
P/E Ratio
11.66
Market Cap
₹342.78 Cr
PAT Margin
8.84%
Debt/Equity
1.53
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Dynamic Cables Limited | 154.31 | 17.34% | 31.69 | 13.38 | 13.38 |
| JD Cables Limited This IPO | 18.12 | 73.89% | — | 13.39 | 13.39 |
Promoters
Piyush Garodia
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding working capital requirements of the Company 45.00 2 Repayment/prepayment of all or certain of borrowings availed of by Company 26.00 3 General Corporate Purposes 7.54 4 Issue Expenses 5.87 Total 84.41
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income increased significantly from ₹40.86 Cr in the year ending 31 Mar 2023 to ₹100.85 Cr by 31 Mar 2024, and further rose to ₹250.70 Cr by 31 Mar 2025. This shows a strong upward trend in revenue over the periods.
Profit Trend
Profit after tax also saw substantial growth, moving from ₹0.32 Cr in the year ending 31 Mar 2023 to ₹4.58 Cr by 31 Mar 2024, and reaching ₹22.15 Cr by 31 Mar 2025. This indicates a positive trend in profitability.
Valuation
At the issue price of ₹152.0, JD Cables Limited has an implied P/E ratio of approximately 11.66, compared to peers like Dynamic Cables Limited, which has a P/E of 31.69. This suggests that JD Cables is priced at a lower multiple relative to its peer.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial market where shares of an IPO are traded before they are listed on the stock exchange. A positive GMP indicates that the shares are expected to list at a higher price than the issue price, while a negative GMP suggests the opposite. Investors often look at GMP as an indicator of potential listing gains.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's growth potential and financial health before making a decision.
Who May Want to Wait
Investors who prefer stable, low-risk investments may want to avoid IPOs like this, as they can be subject to significant price fluctuations and market uncertainties.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange at a price higher than the issue price. However, listing gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock. Investors should be aware of the risks involved in relying solely on listing gains.
This evaluation is generated from JD Cables's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is JD Cables IPO GMP today?
JD Cables IPO GMP today is +₹21.0 (13.82%), indicating an estimated listing price of ₹173. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of JD Cables IPO?
The price band of JD Cables IPO is ₹144.0–₹152.0 per share.
When does JD Cables IPO open and close?
JD Cables IPO opens on 18 September 2025 and closes on 22 September 2025.
When does JD Cables IPO list on the stock exchange?
JD Cables IPO listed on 25 September 2025 at ₹173.0.
What is the lot size for JD Cables IPO?
The lot size for JD Cables IPO is 800 shares, requiring a minimum investment of ₹243,200 (2 lots).
What is the lot size for the JD Cables IPO?
The lot size for the JD Cables IPO is 800 shares.
What is the minimum investment required for the JD Cables IPO?
The minimum investment required is ₹243,200.
What is the price band for the JD Cables IPO?
The price band for the JD Cables IPO is ₹144.0 to ₹152.0.
When is the listing date for JD Cables?
The listing date for JD Cables is September 25, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the shares may list compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
18 Sep 2025
Close
22 Sep 2025
Allotment
23 Sep 2025
Listing
25 Sep 2025
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