#JDCablesIPO #IPONews #DalalStreet #BSESme #WireAndCableIndustry #StockMarketIndia #IPOUpdates #InvestingInIndia #ElectricalInfrastructure #SMEIPO
Kolkata – West Bengal-based JD Cables Ltd., a leading manufacturer of wires, cables, and conductors, is set to hit Dalal Street with its maiden public issue next week. The company has announced that its initial public offering (IPO) will open for subscription on September 18, 2025, with a price band of ₹144–₹152 per share. The offer will close on September 22, 2025.
The IPO aims to raise ₹95.99 crore, comprising a fresh issue of 55,53,600 equity shares and an offer-for-sale (OFS) of 7,61,600 shares by promoter Piyush Garodia. The company has fixed the lot size in accordance with SME exchange norms, with anchor investors set to participate in a dedicated book on September 17, 2025.
Once completed, JD Cables shares will be listed on the BSE SME platform on September 25, 2025, after the allotment finalisation scheduled for September 23, 2025.
Business Overview: Strengthening Presence in the Electricals Market
Incorporated in 2015, JD Cables operates two modern manufacturing facilities in Howrah and Hooghly (West Bengal). The company manufactures a range of products, including:
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Low-voltage and high-voltage cables
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Conductors
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Specialized wires
Its products are sold under the “Jaydee” brand, catering to infrastructure, industrial, and power distribution clients across India.
The company’s focus on quality, alongside its strong brand presence in Eastern India, has positioned it well in the competitive cables and conductors industry, where demand is rising steadily due to the country’s infrastructure and electrification push.
Fund Utilisation Plan
JD Cables plans to strategically deploy the IPO proceeds to fuel its growth trajectory. According to its prospectus:
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₹45 crore will be allocated toward working capital requirements, ensuring smooth operations and funding expansion.
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₹26 crore will be used for repayment of borrowings, reducing the company’s debt burden.
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The remaining funds will go toward general corporate purposes, providing flexibility for business development.
As of March 2025, the company’s total outstanding secured borrowings stood at ₹41.6 crore, making debt reduction a priority.
Financial Performance: Strong Growth Momentum
JD Cables has demonstrated robust financial growth in the past two years, attracting the attention of investors.
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Revenue: Rose by 148.5%, reaching ₹250.5 crore in FY25 compared to ₹100.8 crore in FY24.
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Profit After Tax (PAT): Jumped by 383.7%, climbing to ₹22.2 crore in FY25 from ₹4.6 crore in FY24.
The exponential growth in both topline and bottomline reflects the company’s improving operational efficiencies, strong demand for its products, and increasing market penetration.
Such sharp financial performance provides a strong backdrop for the IPO, potentially boosting investor sentiment.
Industry Landscape: Favorable Demand Outlook
India’s cables and conductors industry is expected to grow significantly, supported by:
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Government focus on electrification projects under schemes like Saubhagya and Deendayal Upadhyaya Gram Jyoti Yojana.
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Rising infrastructure investments in highways, metros, and smart cities.
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Private sector demand from renewable energy and industrial expansion.
With its strong manufacturing base in Eastern India, JD Cables is well-positioned to leverage this demand. Market analysts believe that the company’s expansion plans could help it capture a larger market share in both regional and national markets.
IPO Details at a Glance
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IPO Open Date: September 18, 2025
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IPO Close Date: September 22, 2025
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Anchor Book: September 17, 2025
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Listing Date: September 25, 2025 (BSE SME)
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Issue Size: ₹95.99 crore
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Price Band: ₹144–₹152 per share
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Fresh Issue: 55,53,600 equity shares
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Offer for Sale (OFS): 7,61,600 shares (by promoter Piyush Garodia)
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Total Issue Size: 63,15,200 shares
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Merchant Banker: GYR Capital Advisors
Expert Take: Investor Sentiment Ahead of the IPO
Market experts suggest that the IPO may draw healthy interest given the company’s strong growth, debt repayment plans, and sectoral tailwinds. However, being an SME IPO, investors are advised to carefully assess liquidity and valuation factors.
“JD Cables has shown impressive growth in revenue and profits. The IPO is well-structured, with a significant portion going into working capital and debt reduction, which bodes well for sustainable growth,” said an analyst from a Kolkata-based brokerage.
Conclusion
With a robust financial performance, clear fund allocation strategy, and strong demand outlook in the cables and conductors industry, JD Cables’ IPO is expected to attract substantial interest from investors, particularly those focused on SME offerings.
The company’s upcoming listing on BSE SME on September 25 will be closely watched, as it could set the tone for future IPOs in the electricals and infrastructure-related SME space.
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#JDCablesIPO #IPONews #DalalStreet #BSESme #WireAndCableIndustry #StockMarketIndia #IPOUpdates #InvestingInIndia #ElectricalInfrastructure #SMEIPO
