Howrah-based JD Cables to Go Public with Rs. 96 Cr. IPO
Howrah-based cables and conductor manufacturer, JD Cables Ltd., is going public with its Initial Public Offering (IPO), which will be open to subscription from 18th to 22nd September 2025. The company is expected to be listed on the stock exchanges on 25th September 2025. This Rs. 95.99 crore IPO will be a combination of 56 lakh fresh shares totalling to Rs. 84.41 crore, and an offer for sale of 8 lakh shares aggregating to Rs. 11.58 crore. Each of these shares has a face value of Rs. 10, and is being offered in the Rs. 144 to Rs. 152 price band.
Out of the total shares offered in this IPO, 47.15% have been set aside for Qualified Institutional Buyers (QIBs), 14.42% of the shares will be open to Non-Institutional Investors (NII), and 33.43% of the shares will be open to retail investors for subscription. The remaining 5% of the shares have been reserved for Giriraj Stock Broking Pvt. Ltd. who is the market maker for this IPO.
Out of the net proceeds from the fresh issue component of the IPO, a total of upto Rs. 45 crore will be used towards funding working capital requirements during FY26 and FY27. Moreover, JD Cables will use Rs. 26 crore for debt payment in FY26. Apart from this, the company will use either upto 25% of the net proceeds or Rs. 10 crore, whichever is lower, for general corporate expenses.
For FY25, the company reported a revenue of Rs. 250.70 crore, which represents a YoY growth by 148.59%, and a Profit After Tax (PAT) of Rs. 22.15 crore, which is 3.84x its PAT for FY24.
