JD Cables Ltd IPO
Status: Closed
Overview
IPO date
18 Sept 2025 to 22 Sept 2025
Face value
₹ 10 per share
Price
₹ 144 to ₹152 per share
Issue Size
6,315,200 shares
(aggregating up to ₹ 95.99 Cr)
(aggregating up to ₹ 95.99 Cr)
Allotment Date
23 Sept 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Cables
Objectives of JD Cables Ltd IPO
JD Cables Ltd IPO Strategy
About JD Cables Ltd
Unlock Stock of the Month
T&C*
Strengths vs Risks of JD Cables Ltd
Know the pros & cons
Strengths
Experienced Management Team.- Long standing relationships with customers.
- Consistent financial performance.
Risks
- Any shortfall in the supply of the company is raw material or an increase in raw material costs or other input costs may adversely impact the pricing and supply of the company is products and have an adverse effect on its business.
- The company is operate in the electrical equipment industry which is a highly technical and regulated sector and if its fail to complies with the regulations prescribed or standards set by the company customers, its business, results of operations, cash flows and financial condition could be adversely affected.
- The company is Registered Office and Factory Unit I, from where its currently operate, are not owned by it. If the company are unable to renew or continue the lease arrangements on commercially acceptable or favourable terms in the future, it may adversely impact the company operations.
- The company relies on third-party transportation providers for all of the company is input materials and product distribution. Failure by any of its transportation providers to deliver the company is input materials and products on time or at all, could result in loss in sales.
- Negative Growth May Adversely Affect its Business and Results of Operations.
- Its business is dependent and will continue to depend on its manufacturing facilities, and the company are subject to certain risks in
its manufacturing process. Any slowdown or shutdown in the company is manufacturing operations or strikes, work stoppages or increased wage demands by the company employees that could interfere with the company nis operations could have an adverse effect on its business, financial condition and results of operations.
- The loss, shutdown or slowdown of operations at any of the company facilities or the under-utilization of any such facilities may have a
material effect on its results of operations and financial condition.
- The company is engaged in the manufacturing of cables and conductors, a segment that forms an integral part of Engineering,
Procurement, and Construction (EPC) activities and is inherently working capital intensive.
- Its business significantly relies on ongoing relationships with the company customers, many of which are not formalized through longterm contracts. Additionally, the company are an approved vendor for several State Electricity Boards, and any failure to maintain this approved status could negatively affect its revenue and profitability.
- The company has negative cash flows from Operating activities in the past and a consequent net decrease in cash and cash equivalents
in some of the recent years.
- Its top five customers contribute majority of the company is revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.
- The company is individual Promoters plays key role in our functioning and we heavily rely on their knowledge and experience in operating Its business and therefore, it is critical for the company is business that itsPromoter and Executive Directors remain associated with it. the company is success also depends upon the services of its key managerial personnel and the company is ability to attract and retain key managerial personnel and the company is inability to attract them may affect its operations.
- The company is ability to attract, train and retain executives and other qualified employees is critical to its business, results of operations and future growth.
- Any inability to comply with repayment and other covenants in the financing agreements or otherwise meet the company is debt servicing obligations could adversely affect its business, financial condition, cash flows and credit rating.
- The Company has in the past not complied with the certain provisions of the Companies Act, 2013.
- Under-utilization of the company is manufacturing capacities may have an adverse effect on its business, future prospects and future
financial performance. Moreover, information relating to capacity utilization of the company is production facility included in this Red
Herring Prospectus is based on certain assumptions and has been subjected to rounding off, and future production and capacity
utilization may vary.
- The company is inability to collect receivables and defaults in payment from its customers could result in the reduction of its profits and
affect the company cash flows.
- The Company has availed certain unsecured loans.
- The company is Promoters and certain members of its Promoter Group have extended personal guarantees with respect to various loan
facilities availed by the Company. Revocation of any or all of these personal guarantees may adversely affect its business
operations and financial condition.
- A degree certificate and mark sheets of one of the company director are not traceable.
- Risks inherent to power sector projects could materially and adversely affect its business, financial condition and results of
operations.
- The Company is party to certain tax proceeding. Any adverse decision in such proceedings may have a material adverse effect
on its business, results of operations and financial condition.
- The company is require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failure to obtain, retain and renew such approvals and licences or comply with such
rules and regulations may adversely affect the company operations.
- Its may be unable to sufficiently obtain, maintain, protect, or enforce the company is intellectual property and other proprietary rights.
- The Company's manufacturing activities are labour intensive and depend on availability of labour. In case of unavailability of
such labour, its business operations could be affected.
- The company is require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failure to obtain, retain and renew such approvals and licences or comply with such
rules and regulations may adversely affect the company operations.
- Inventories and trade receivables form a major part of the company is current assets and net worth. Failure to manage its inventory and trade receivables could have an adverse effect on the company net sales, profitability, cash flow and liquidity.
- The company is sell its products in highly competitive markets and the company is inability to compete effectively may lead to lower market share or reduced operating margins, and adversely affect the company results of operations.
- Activities involving the company is manufacturing process can cause injury to people or property in certain circumstances. A significant
disruption at any of its manufacturing facilities may adversely affect the company production schedules, costs, sales and ability to meet
customer demand.
- If the company is unable to manage its growth effectively and further expand into new markets the company business, future financial
performance and results of operations could be materially and adversely affected.
- The cost of implementing new technologies for the company operations could be significant and could adversely affect its business,
financial condition and results of operations.
- Its could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect
the company is financial condition, results of operations and reputation.
- The company insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material
adverse effect on the company business.
- The company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance
that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition
and results of operations.
- The company is ability to pay any dividends will depend upon future earnings, financial condition, cash flows and working capital
requirements.
- The deployment of funds raised through this Offer shall be subject to any Monitoring Agency and shall also be dependent on
the discretion of the management of the Company.
- The company is Promoters and promoter group have significant controlling interest over the Company and have the ability to direct its
business and affairs; their interests may conflict with your interests as a shareholder. Further they have interests in the Company
other than reimbursement of expenses incurred or normal remuneration or benefits.
- The average cost of acquisition of Equity Shares by its Promoters is lower than the issue price.
- Further, pursuant to Section 27 of the Companies Act 2013, any variation in the objects would require a special resolution of
the Shareholders and its Promoters or controlling Shareholders will be required to provide an exit opportunity to the
Shareholders of the Company who does not agree to such proposal to vary the objects, in such manner as may be prescribed in
future by the SEBI.
- The company has issued Equity Shares during the last one year at a price that may be below the Issue Price.
- The requirements of being a public listed company may strain the company resources and impose additional requirements.
- The company has not independently verified certain data in this Red Herring Prospectus.
- Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
- Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by its major shareholders
may adversely affect the trading price of the company Equity Shares.
- The company is inability to effectively implement its business and growth strategy may have an adverse effect on the company operation and growth.
- In the event there is any delay in the completion of the Offer, or delay in schedule of implementation, there would be a corresponding delay in the completion of the objects of this offer which would in turn affect its revenues and results of operations.
- There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability
to sell, or the price at which it can sell, Equity Shares at a particular point in time
- There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in
a timely manner, or at all.
- The Company operation and growth is dependent upon successfully implementation our business strategies.
- The company is cannot assure you that its Equity Shares will be listed on the SME Platform of BSE Limited in a timely manner or at all,
which may restrict your ability to dispose of the equity shares.
- Any future issuance of Equity Shares or convertible securities, including options under any stock option plan or other equity linked securities may dilute your shareholding, and significant sales of Equity Shares by its major shareholders, may adversely affect the trading price of the comapny Equity Shares.
- After this Issue, the price of the Equity Shares may be highly volatile, or an active trading market for the Equity Shares may not
develop.
- The Issue price of the company Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the
market price of the company Equity Shares may decline below the issue price and you may not be able to Sell your Equity Shares at or
above the Issue Price.
- QIBs and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Individual Investors are not permitted to withdraw their Bids after Bid/Offer Closing Date.
- Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
- Delay in raising funds from the IPO could adversely impact the implementation schedule.
- The company is propose to utilize the Net Proceeds for purposes identified in the section titled "Objects of the Issue" in this Red Herring
Prospectus. Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to
certain compliance requirements, including prior Shareholders" approval.
- You may be subject to Indian taxes arising its of capital gains on the sale of the Equity Shares.
JD Cables Ltd Peer Comparison
Understand the company’s industry standing
JD Cables Ltd
Dynamic Cables Limited
Face Value
10
10
Standalone / Consolidated
Standalone
Standalone
Total Income Rs. Cr.
1031.8882
250.6951
EPS-Basis
13.38
13.39
EPS-Diluted
13.38
13.39
NAV Per Share
154.31
18.12
P/E-Basic EPS
31.69
11.35
P/E-Diluted EPS
---
---
RONW(%)
17.34
73.89
Latest NAV Period
---
---
Latest NAV
---
---
How to check the allotment status of JD Cables Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
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The IPO opens on 18 Sept 2025 & closes on 22 Sept 2025.
JD Cables Limited was originally incorporated as JD Cables Private Limited' a private limited company at Kolkata, West Bengal, pursuant to a certificate of incorporation dated June 12, 2015, issued by the Registrar of Companies. Thereafter, name of the Company was changed from JD Cables Private Limited' to JD Cables Limited', and a fresh Certificate of Incorporation dated December 02, 2024 was issued by the Central Processing Centre.
The Company is engaged in manufacturing of Cables and Conductors which widely include manufacturing of Power Cables, Control Cables, Aerial Bunched Cables, Single-core service wire and All Aluminium Conductor (A.A.C.), All Aluminium Alloy Conductor (A.A.A.C.), Aluminium conductor steel reinforced (A.C.S.R.) Conductors used for transmission and distribution of electricity.
With a strong industry demand and an established market presence, Company plays a vital role in supporting power transmission, telecommunications, construction, and industrial sectors. The consistent need for high-quality cables and conductors ensures a steady flow of opportunities, to cater to diverse industry requirements with reliability and efficiency. Their well established relationships with utilities, telecom operators, and infrastructure companies further reinforce the market position, enabling to secure long-term partnerships and expand the reach. By continuously delivering superior products and services, it not only meet industry standards but also drive sustained growth, strengthen the leadership position, and maintain a competitive edge in an evolving marketplace.
Company launched the initial public offer by issuing 63,15,200 equity shares of Rs 10 each comprising a fresh issue of 55,53,600 equity shares and 7,61,600 equity shares through offer for sale in September, 2025.
JD Cables Ltd IPO will close on 22 Sept 2025.
- Experienced Management Team.
- Long standing relationships with customers.
- Consistent financial performance.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Piyush Garodia | 16514914 | 97.16 | 16514914 | 73.23 |
- Any shortfall in the supply of the company is raw material or an increase in raw material costs or other input costs may adversely impact the pricing and supply of the company is products and have an adverse effect on its business.
- The company is operate in the electrical equipment industry which is a highly technical and regulated sector and if its fail to complies with the regulations prescribed or standards set by the company customers, its business, results of operations, cash flows and financial condition could be adversely affected.
- The company is Registered Office and Factory Unit I, from where its currently operate, are not owned by it. If the company are unable to renew or continue the lease arrangements on commercially acceptable or favourable terms in the future, it may adversely impact the company operations.
- The company relies on third-party transportation providers for all of the company is input materials and product distribution. Failure by any of its transportation providers to deliver the company is input materials and products on time or at all, could result in loss in sales.
- Negative Growth May Adversely Affect its Business and Results of Operations.
- Its business is dependent and will continue to depend on its manufacturing facilities, and the company are subject to certain risks in its manufacturing process. Any slowdown or shutdown in the company is manufacturing operations or strikes, work stoppages or increased wage demands by the company employees that could interfere with the company nis operations could have an adverse effect on its business, financial condition and results of operations.
- The loss, shutdown or slowdown of operations at any of the company facilities or the under-utilization of any such facilities may have a material effect on its results of operations and financial condition.
- The company is engaged in the manufacturing of cables and conductors, a segment that forms an integral part of Engineering, Procurement, and Construction (EPC) activities and is inherently working capital intensive.
- Its business significantly relies on ongoing relationships with the company customers, many of which are not formalized through longterm contracts. Additionally, the company are an approved vendor for several State Electricity Boards, and any failure to maintain this approved status could negatively affect its revenue and profitability.
- The company has negative cash flows from Operating activities in the past and a consequent net decrease in cash and cash equivalents in some of the recent years.
- Its top five customers contribute majority of the company is revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.
- The company is individual Promoters plays key role in our functioning and we heavily rely on their knowledge and experience in operating Its business and therefore, it is critical for the company is business that itsPromoter and Executive Directors remain associated with it. the company is success also depends upon the services of its key managerial personnel and the company is ability to attract and retain key managerial personnel and the company is inability to attract them may affect its operations.
- The company is ability to attract, train and retain executives and other qualified employees is critical to its business, results of operations and future growth.
- Any inability to comply with repayment and other covenants in the financing agreements or otherwise meet the company is debt servicing obligations could adversely affect its business, financial condition, cash flows and credit rating.
- The Company has in the past not complied with the certain provisions of the Companies Act, 2013.
- Under-utilization of the company is manufacturing capacities may have an adverse effect on its business, future prospects and future financial performance. Moreover, information relating to capacity utilization of the company is production facility included in this Red Herring Prospectus is based on certain assumptions and has been subjected to rounding off, and future production and capacity utilization may vary.
- The company is inability to collect receivables and defaults in payment from its customers could result in the reduction of its profits and affect the company cash flows.
- The Company has availed certain unsecured loans.
- The company is Promoters and certain members of its Promoter Group have extended personal guarantees with respect to various loan facilities availed by the Company. Revocation of any or all of these personal guarantees may adversely affect its business operations and financial condition.
- A degree certificate and mark sheets of one of the company director are not traceable.
- Risks inherent to power sector projects could materially and adversely affect its business, financial condition and results of operations.
- The Company is party to certain tax proceeding. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- The company is require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect the company operations.
- Its may be unable to sufficiently obtain, maintain, protect, or enforce the company is intellectual property and other proprietary rights.
- The Company's manufacturing activities are labour intensive and depend on availability of labour. In case of unavailability of such labour, its business operations could be affected.
- The company is require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect the company operations.
- Inventories and trade receivables form a major part of the company is current assets and net worth. Failure to manage its inventory and trade receivables could have an adverse effect on the company net sales, profitability, cash flow and liquidity.
- The company is sell its products in highly competitive markets and the company is inability to compete effectively may lead to lower market share or reduced operating margins, and adversely affect the company results of operations.
- Activities involving the company is manufacturing process can cause injury to people or property in certain circumstances. A significant disruption at any of its manufacturing facilities may adversely affect the company production schedules, costs, sales and ability to meet customer demand.
- If the company is unable to manage its growth effectively and further expand into new markets the company business, future financial performance and results of operations could be materially and adversely affected.
- The cost of implementing new technologies for the company operations could be significant and could adversely affect its business, financial condition and results of operations.
- Its could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect the company is financial condition, results of operations and reputation.
- The company insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on the company business.
- The company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
- The company is ability to pay any dividends will depend upon future earnings, financial condition, cash flows and working capital requirements.
- The deployment of funds raised through this Offer shall be subject to any Monitoring Agency and shall also be dependent on the discretion of the management of the Company.
- The company is Promoters and promoter group have significant controlling interest over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder. Further they have interests in the Company other than reimbursement of expenses incurred or normal remuneration or benefits.
- The average cost of acquisition of Equity Shares by its Promoters is lower than the issue price.
- Further, pursuant to Section 27 of the Companies Act 2013, any variation in the objects would require a special resolution of the Shareholders and its Promoters or controlling Shareholders will be required to provide an exit opportunity to the Shareholders of the Company who does not agree to such proposal to vary the objects, in such manner as may be prescribed in future by the SEBI.
- The company has issued Equity Shares during the last one year at a price that may be below the Issue Price.
- The requirements of being a public listed company may strain the company resources and impose additional requirements.
- The company has not independently verified certain data in this Red Herring Prospectus.
- Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
- Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by its major shareholders may adversely affect the trading price of the company Equity Shares.
- The company is inability to effectively implement its business and growth strategy may have an adverse effect on the company operation and growth.
- In the event there is any delay in the completion of the Offer, or delay in schedule of implementation, there would be a corresponding delay in the completion of the objects of this offer which would in turn affect its revenues and results of operations.
- There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time
- There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner, or at all.
- The Company operation and growth is dependent upon successfully implementation our business strategies.
- The company is cannot assure you that its Equity Shares will be listed on the SME Platform of BSE Limited in a timely manner or at all, which may restrict your ability to dispose of the equity shares.
- Any future issuance of Equity Shares or convertible securities, including options under any stock option plan or other equity linked securities may dilute your shareholding, and significant sales of Equity Shares by its major shareholders, may adversely affect the trading price of the comapny Equity Shares.
- After this Issue, the price of the Equity Shares may be highly volatile, or an active trading market for the Equity Shares may not develop.
- The Issue price of the company Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company Equity Shares may decline below the issue price and you may not be able to Sell your Equity Shares at or above the Issue Price.
- QIBs and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Individual Investors are not permitted to withdraw their Bids after Bid/Offer Closing Date.
- Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
- Delay in raising funds from the IPO could adversely impact the implementation schedule.
- The company is propose to utilize the Net Proceeds for purposes identified in the section titled "Objects of the Issue" in this Red Herring Prospectus. Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders" approval.
- You may be subject to Indian taxes arising its of capital gains on the sale of the Equity Shares.
The Issue type of JD Cables Ltd is Book Building - SME.
The minimum application for shares of JD Cables Ltd is 1600.
The total shares issue of JD Cables Ltd is 6315200.
Initial public offering up to 63,15,200 equity shares of Rs. 10/- each ("Equity Shares") of JD Cables Limited ("J C L" or the "Company" or "Issuer") for cash at a price of Rs. 152 /- per equity share (the "Offer Price"), aggregating to Rs. 95.99 crores ("the Offer"), comprising a fresh offer of up to 55,53,600 equity shares aggregating to Rs. 84.41 crores by the company ("Fresh Offer") and an offer for sale of up to 7,61,600 equity shares by Piyush Goradia ("the Selling Shareholder") aggregating to Rs. 11.58 crores ("Offer for Sale") out of the offer, 3,16,000 equity shares aggregating to Rs. 4.80 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of up to 59,99,200 equity shares of face value of Rs. 10.00/- each at an offer price of Rs. 152/- per equity share aggregating to Rs. 91.19 crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 28.00 % and 26.60 %, respectively of the post offer paid up equity share capital of the company.
Price Band: Rs. 152/- for equity share of face value of Rs. 10 each.
The floor price is 15.20 times times the face value of the face value of the equity shares.
Bids can made for a minimum of 1,600 equity shares and in multiples of 800 equity shares thereafter.