Overview
Updated 2 hr agoJohnsoncab Electricals Limited manufactures low-voltage wires and cables for power infrastructure, railways, and industrial applications. The company operates two manufacturing units in Mehsana, Gujarat, and plans to use the IPO proceeds for capacity expansion and working capital.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 600 | ₹1,20,000 |
| bNII (min) | 9 | 5,400 | ₹10,80,000 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 12 Nov, 18:33 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Day-wise demand
close of each bidding day| Day | Date | QIB | NII | bNII | sNII | Retail | Employee | Total |
|---|---|---|---|---|---|---|---|---|
| Day 1 | 30 Oct | -- | -- | -- | -- | -- | -- | 1.14x |
| Day 2 | 2 Nov | -- | -- | -- | -- | -- | -- | 2.08x |
| Day 3 | 3 Nov | -- | -- | -- | -- | -- | -- | 13.33x |
bNII = NII bids above ₹10 lakh, sNII = NII bids from ₹2 lakh to ₹10 lakh. Each day shows the last reading we recorded that day.
Grey market premium
Unofficial| Date | GMP | GMP % | Implied price |
|---|---|---|---|
| 06-Nov-2026 | +₹8 | +4.0% | ₹208 |
| 05-Nov-2026 | +₹8 | +4.0% | ₹208 |
| 04-Nov-2026 | +₹8 | +4.0% | ₹208 |
| 03-Nov-2026 | +₹10 | +5.0% | ₹210 |
| 02-Nov-2026 | +₹5 | +2.5% | ₹205 |
| 01-Nov-2026 | +₹5 | +2.5% | ₹205 |
| 31-Oct-2026 | +₹10 | +5.0% | ₹210 |
GMP is an unofficial, unregulated, community-tracked quote. It is not an exchange price and not a forecast. See how often it has been right →
Listing performance
Latest price updated 5 hr ago.
Grey market vs reality: the last GMP before listing was +₹8 (+4.0%). It listed at +18.7%, off by 14.7 points.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Sector | Cable |
| Price band | ₹190–200 |
| Final issue price | ₹200.00 |
| Face value | ₹10 per share |
| Lot size | 600 shares |
| Minimum investment | ₹1,20,000 |
| Issue size | ₹56.00 Cr |
| P/E at upper band | 11.2x |
| Registrar | Maashitla Securities Pvt. Limited |
| NSE symbol | JOHNSONCAB |
| ISIN | INE1ZSR01011 |
Company & business
Johnsoncab Electricals Limited, formerly known as Johnson Cables, is a manufacturer of low-voltage (up to 1.1 kV) wires and cables. Its product range includes power cables, control cables, building wires, and specialized cables like solar and submersible flat cables. The company serves both private and government sectors, including railways and renewable energy projects. It operates two manufacturing facilities in Mehsana, Gujarat, and holds ISO and BIS certifications for its products. The company has demonstrated consistent revenue growth and is currently expanding its production capacity to meet rising demand in the power and infrastructure sectors.
Objects of the issue — how the money will be used
- Construction of additional Factory Shed for expansion (₹8.46 Cr)
- Purchase of additional plant & machinery for increasing the production capacity (₹9.38 Cr)
- Purchase new machinery to manufacture Paper Insulated Copper / Aluminium Conductors (₹7.33 Cr)
- Purchase and set up a rooftop solar power plant (₹3.23 Cr)
- Additional Working Capital Requirement (₹14 Cr)
- General Corporate Purposes
Key strengths
- Consistent revenue growth from operations
- Continued investment in manufacturing infrastructure
- Ability to serve both government and private sector customers
- Product innovation supported by patents
- Established vendor approvals and eligibility for government tenders
Key risks
- Funding requirements and deployment have not been appraised by any bank or financial institution
- Management has broad discretion over the use of Net Proceeds
- Dependence on government tenders and infrastructure policies
- Concentration of manufacturing facilities in a single location (Mehsana)
- Potential cost escalation for construction and machinery
- Reliance on specific vendors for machinery and civil work
Promoters
Not stated
Decoded from the RHP with AI on 31-Oct-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 88.34 | -- | 2.52 | 48.44 | 8.88 | 32.81 |
| FY25 | 139.79 | -- | 5.46 | 64.28 | 14.24 | 41.79 |
| FY26 | 210.47 | -- | 13.42 | 126.64 | 31.44 | 79.88 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Johnsoncab Electricals this issue | 210.5 | 17.81 | 11.2x | 42.68 | 40.47 |
| Prime Cable Industries Limited | 234.9 | 6.68 | 25.5 | 20.14 | 33.17 |
| JD Cables Ltd | 364.6 | 14.07 | 11.6 | 21.70 | 64.82 |
| Susan Electricals India Ltd | 269.4 | 11.96 | 18.1 | 47.42 | 24.68 |
This issue is priced at 11.2x P/E against a peer median of 18.1x: a discount of 38%. A measurement, not a verdict.
Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.