JD Cables Limited, incorporated in 2015 and engaged in manufacturing power cables, control cables, aerial bunched cables, service wires, and conductors (AAC, AAAC, ACSR), has announced its Initial Public Offering (IPO) to raise ₹95.99 crore. The IPO will open for Anchor Investors on September 17, 2025, and for public bidding between September 18–22, 2025, with a price band of ₹144–₹152 per share. The issue comprises 63,15,200 equity shares to be listed on the BSE SME platform on September 25, 2025. The allocation includes portions for QIBs, NIIs, retail investors, and market makers, with the minimum investment for retail set at 1,600 shares (₹2.43 lakh) and for HNIs at 2,400 shares (₹3.64 lakh). GYR Capital Advisors is the Lead Manager, and MUFG Intime India is the Registrar.
The company will utilize IPO proceeds for funding working capital needs, repayment/prepayment of borrowings, and general corporate purposes. Basis of allotment is expected on September 23, 2025, with demat credits on September 24, 2025. Not more than 50% of the net issue is reserved for QIBs, at least 35% for retail investors, and at least 15% for NIIs.
Financially, JD Cables reported FY25 revenue of ₹25,052.58 lakh, more than double the previous year, with EBITDA of ₹3,414.47 lakh and PAT of ₹2,215.30 lakh. It has a strong order book of ₹29,409.46 lakh as of August 2025, supplies to over 10 states, and is an approved vendor for multiple state electricity boards. With two manufacturing units in West Bengal (28,000 km capacity), strict in-house quality controls (ISO + 5 BIS certifications), and a revenue mix of 81% cables and 19% conductors, the company achieved ROE of 117.17% and ROCE of 43.64% in FY25.
