JD Cables came to market through an SME IPO that opened on 18 September 2025 and closed on 22 September 2025, and the shares listed on 25 September 2025 on BSE SME. The price band was ₹144 to ₹152 per share and one lot was 800 shares, so the minimum application was ₹1,21,600. The issue size was ₹95.99 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Pvt Ltd was the registrar to the issue, and GYR Capital Advisors Pvt Ltd was the lead manager.
As of 22 September 2025.
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Incubated in 2015, JD Cables Limited is involved in the production of premium quality cables and conductors for catering to the power transmission and distribution industry.The product range of the company comprises Power Cables, Control Cables, Aerial Bunched Cables, Single-core Service Wires, and a multitude of conductors like All Aluminium Conductor (AAC), All Aluminium Alloy Conductor (AAAC), and Aluminium Conductor Steel Reinforced (ACSR). These are widely utilized for effective and safe transmission and distribution of electricity.
JD Cables functions from two strategically placed manufacturing units: Unit I: 26/1, F Road, Belgachia, Howrah – 711101 Unit II: Ward No.1, Chakundi, Gate of Star Battery, Dankuni, Hooghly The company had 28 permanent employees as of May 31, 2025.
As described in the offer document.
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Mr. Piyush Garodia. Promoter holding 97.35% before the issue and 70.01% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
JD Cables IPO was a ₹95.99 crore book-built issue, comprising a fresh issue of ₹84.41 crore and an offer for sale of ₹11.58 crore. It was priced at ₹144–₹152 per share with a lot size of 800 shares; the minimum retail application was 1,600 shares (₹2,43,200). The IPO was open from September 18 to September 22, 2025 and was subscribed 127.88x.
Shares listed on BSE SME on September 25, 2025 at ₹160, a 5.3% premium to the issue price of ₹152. MUFG Intime India Pvt Ltd is the registrar. GYR Capital Advisors Pvt Ltd is the book running lead manager.
The price band of JD Cables IPO is ₹144 to ₹152 per share.
The lot size of JD Cables IPO is 800 shares.
The minimum investment for JD Cables IPO is approximately ₹2,43,200 based on the upper price band.
The allotment date of JD Cables IPO is Sep 23, 2025.
JD Cables IPO's final recorded GMP before listing was ₹23 per share (a 15% premium over the ₹152 upper price band). The shares listed at ₹160. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check JD Cables IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the JD Cables IPO allotment status on Rupix for quick and easy access.
₹144 to ₹152 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 800 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,21,600. After listing, SME shares also trade in lots rather than one share at a time.
₹1,21,600, for one lot of 800 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 18 September 2025 and closed on 22 September 2025.
The basis of allotment was published on 23 September 2025 by MUFG Intime India Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 25 September 2025 on BSE SME.
The issue size was ₹95.99 crore. The fresh issue was 55,53,600 shares (aggregating up to ₹84.41 crore). The offer for sale was 7,61,600 shares (aggregating up to ₹11.58 crore).