{"id":328057,"date":"2026-10-27T12:02:00","date_gmt":"2026-10-27T06:32:00","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=328057"},"modified":"2026-10-27T12:02:00","modified_gmt":"2026-10-27T06:32:00","slug":"johnsoncab-electricals-initial-public-offering-review","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/","title":{"rendered":"Johnsoncab Electricals IPO Review: Key Details, Company Overview and Financials"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Johnsoncab Electricals IPO opens 30 Oct, closes 3 Nov 2026. Fresh issue of 28,00,800 shares on BSE SME. Price band to be announced.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Johnsoncab Electricals IPO is a 100 percent fresh issue of 28,00,800 equity shares of face value Rs 10, open from 30 October to 3 November 2026 on the BSE SME platform. The Mehsana cable maker plans to spend Rs 41.91 crore on a new factory shed, machinery, solar power and working capital. FY26 profit after tax rose 146 percent to Rs 13.42 crore, but borrowings of Rs 79.88 crore are about 2.5 times net worth, and the price band had not been announced in the sources reviewed.<\/p>\n<\/p><\/div>\n<p>The Johnsoncab Electricals IPO is a book-built SME issue consisting entirely of a fresh issue of 28,00,800 equity shares of face value Rs 10 each, with no offer for sale. Of these, 1,41,600 shares are reserved for the market maker and 26,59,200 shares are offered to the public. The issue opens on 30 October 2026 and closes on 3 November 2026, and the shares are proposed to list on the BSE SME platform. The exchange approved the issue on 14 October 2026.<\/p>\n<p>The price band, lot size and allotment and listing dates were not available in the sources reviewed, so the issue size in rupees and the minimum application amount cannot be stated yet. Not more than 50 percent of the net offer is for qualified institutional buyers, at least 35 percent for retail investors and at least 15 percent for non-institutional investors. The share count rises from 77,70,000 before the issue to 1,05,70,800 after it.<\/p>\n<p>ISK Advisors Pvt. Ltd. is the book-running lead manager for the Johnsoncab Electricals issue, and Maashitla Securities Pvt. Ltd. is the registrar.<\/p>\n<p>For detailed information on the company&#8217;s business, financials, risk factors and the use of proceeds, investors should refer to the Johnsoncab Electricals Red Herring Prospectus (RHP) before making an investment decision.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#Company_Overview\" title=\"Company Overview\">Company Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#IPO_Details\" title=\"IPO Details\">IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#Industry_Context\" title=\"Industry Context\">Industry Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#Business_Strengths\" title=\"Business Strengths\">Business Strengths<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#Business_Risks\" title=\"Business Risks\">Business Risks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#Financial_Performance\" title=\"Financial Performance\">Financial Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#Johnsoncab_Electricals_Ltd_%E2%80%93_Financials_Rs_in_Crore\" title=\"Johnsoncab Electricals Ltd. &#8211; Financials (Rs in Crore)\">Johnsoncab Electricals Ltd. &#8211; Financials (Rs in Crore)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#Key_Ratios_and_Metrics\" title=\"Key Ratios and Metrics\">Key Ratios and Metrics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#Objects_of_the_Offer\" title=\"Objects of the Offer\">Objects of the Offer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#When_does_the_Johnsoncab_Electricals_IPO_open_and_close\" title=\"When does the Johnsoncab Electricals IPO open and close?\">When does the Johnsoncab Electricals IPO open and close?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#What_is_the_price_band_and_minimum_investment_for_the_Johnsoncab_Electricals_IPO\" title=\"What is the price band and minimum investment for the Johnsoncab Electricals IPO?\">What is the price band and minimum investment for the Johnsoncab Electricals IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#What_does_Johnsoncab_Electricals_do\" title=\"What does Johnsoncab Electricals do?\">What does Johnsoncab Electricals do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#Is_the_Johnsoncab_Electricals_IPO_a_fresh_issue_or_an_offer_for_sale\" title=\"Is the Johnsoncab Electricals IPO a fresh issue or an offer for sale?\">Is the Johnsoncab Electricals IPO a fresh issue or an offer for sale?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#How_will_Johnsoncab_Electricals_use_the_IPO_money\" title=\"How will Johnsoncab Electricals use the IPO money?\">How will Johnsoncab Electricals use the IPO money?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#How_has_Johnsoncab_Electricals_performed_financially\" title=\"How has Johnsoncab Electricals performed financially?\">How has Johnsoncab Electricals performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#Is_the_Johnsoncab_Electricals_IPO_expensive\" title=\"Is the Johnsoncab Electricals IPO expensive?\">Is the Johnsoncab Electricals IPO expensive?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#What_are_the_main_risks_in_the_Johnsoncab_Electricals_IPO\" title=\"What are the main risks in the Johnsoncab Electricals IPO?\">What are the main risks in the Johnsoncab Electricals IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#Who_are_the_lead_manager_and_registrar_for_the_Johnsoncab_Electricals_IPO\" title=\"Who are the lead manager and registrar for the Johnsoncab Electricals IPO?\">Who are the lead manager and registrar for the Johnsoncab Electricals IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/johnsoncab-electricals-initial-public-offering-review\/#Is_the_Johnsoncab_Electricals_IPO_a_good_investment\" title=\"Is the Johnsoncab Electricals IPO a good investment?\">Is the Johnsoncab Electricals IPO a good investment?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Company_Overview\"><\/span><strong>Company Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Incorporated in November 2020, Johnsoncab Electricals Limited makes low voltage wires and cables of up to 1.1 kV under the Johnson Cables brand. The range covers control, power, welding, housing and building, solar photovoltaic and submersible flat cables, and the company sells to private and government customers through direct orders, tenders and vendor approvals.<\/p>\n<p>It runs two factories in Mehsana, Gujarat, with combined installed capacity of 79,950 kilometres a year in FY26, holds ISO and BIS certifications, and had 167 employees at 31 March 2026. Promoters Chandreshkumar Shankerlal Patel, Anjal Chandreshkumar Patel and Bhavanaben Chandreshkumar Patel hold 100 percent before the issue and about 73.5 percent after it (computed, assuming no promoter sale).<\/p>\n<p><em>Read on for the complete Johnsoncab Electricals IPO details, including dates, issue structure, listing timeline and the company&#8217;s financial track record.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"IPO_Details\"><\/span><strong>IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\" style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Particulars<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Details<\/th>\n<\/tr>\n<tr>\n<td>IPO Date<\/td>\n<td>30 October to 3 November 2026<\/td>\n<\/tr>\n<tr>\n<td>Allotment, Refund and Listing Dates<\/td>\n<td>Not announced in the sources reviewed<\/td>\n<\/tr>\n<tr>\n<td>Face Value<\/td>\n<td>Rs 10 per share<\/td>\n<\/tr>\n<tr>\n<td>Price Band<\/td>\n<td>Not announced in the sources reviewed<\/td>\n<\/tr>\n<tr>\n<td>Lot Size and Minimum Application<\/td>\n<td>Not announced in the sources reviewed<\/td>\n<\/tr>\n<tr>\n<td>Issue Type<\/td>\n<td>Bookbuilding IPO (SME)<\/td>\n<\/tr>\n<tr>\n<td>Sale Type<\/td>\n<td>Fresh Issue only (no OFS)<\/td>\n<\/tr>\n<tr>\n<td>Total Issue Size<\/td>\n<td>28,00,800 shares (rupee value not available until the price band is set)<\/td>\n<\/tr>\n<tr>\n<td>Market Maker Reservation<\/td>\n<td>1,41,600 shares<\/td>\n<\/tr>\n<tr>\n<td>Net Offer to Public<\/td>\n<td>26,59,200 shares<\/td>\n<\/tr>\n<tr>\n<td>Quota (QIB \/ NII \/ Retail)<\/td>\n<td>Not more than 50% \/ at least 15% \/ at least 35%<\/td>\n<\/tr>\n<tr>\n<td>Shares Outstanding (pre and post issue)<\/td>\n<td>77,70,000 and 1,05,70,800<\/td>\n<\/tr>\n<tr>\n<td>Promoter Holding<\/td>\n<td>100% pre-issue; about 73.5% post-issue (computed)<\/td>\n<\/tr>\n<tr>\n<td>Listing Exchange<\/td>\n<td>BSE SME<\/td>\n<\/tr>\n<tr>\n<td>Lead Manager<\/td>\n<td>ISK Advisors<\/td>\n<\/tr>\n<tr>\n<td>Registrar<\/td>\n<td>Maashitla Securities<\/td>\n<\/tr>\n<\/table>\n<p><em>(Compiled from the DRHP\/RHP and market updates)<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Industry_Context\"><\/span><strong>Industry Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Wires and cables are bought by almost every sector, from housing and industry to solar plants and farm pumps, so demand grows with construction, power and electrification spending.<\/li>\n<li>Government schemes for rooftop solar, rural power and irrigation pumps add to demand for solar, flat and submersible cables.<\/li>\n<li>Copper and aluminium make up most of the cost of a cable, so margins depend on how quickly metal price changes can be passed on to customers.<\/li>\n<li>The segment has many regional makers competing with large brands, so BIS certification, vendor approvals and tender wins matter.<\/li>\n<li>Investors usually track capacity use, metal cost pass-through, receivable days and the share of government and branded sales.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Business_Strengths\"><\/span><strong>Business Strengths<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Here are the key strengths investors evaluating the Johnsoncab Electricals IPO should weigh:<\/p>\n<ul>\n<li>Very fast growth: total income rose from Rs 88.95 crore in FY24 to Rs 140.00 crore in FY25 and Rs 211.34 crore in FY26, a rise of 51 percent in the last year.<\/li>\n<li>Profit is rising faster than sales: profit after tax went from Rs 2.52 crore to Rs 5.46 crore and Rs 13.42 crore, and EBITDA margin was about 11.4 percent in FY26.<\/li>\n<li>Return ratios look strong, with return on capital employed of 39.68 percent and return on net worth of 42.68 percent in FY26.<\/li>\n<li>A broad product range under one brand, BIS and ISO certification, and a capacity expansion plan that includes machinery for paper insulated conductors.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><strong>Screen cable and electrical equipment stocks on the Univest Screener<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Business_Risks\"><\/span><strong>Business Risks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Alongside these strengths, the Johnsoncab Electricals issue also carries the following business risks:<\/p>\n<ul>\n<li>Debt is high: borrowings were Rs 79.88 crore at March 2026 against net worth of Rs 31.44 crore, a debt to equity ratio of 2.54, and borrowings are about 3.3 times FY26 EBITDA (computed).<\/li>\n<li>Return on equity of 58.75 percent comes from a small equity base and heavy borrowing, so it should not be read as a lasting level.<\/li>\n<li>The company is young, incorporated in 2020, and total assets doubled from Rs 64.28 crore to Rs 126.64 crore in one year, so growth depends on continued access to credit.<\/li>\n<li>The profit margin is thin at about 6.4 percent, and copper and aluminium price swings can squeeze it. Rs 14 crore of the proceeds is for working capital, which shows how much cash the business ties up.<\/li>\n<li>The price band, quota allocation and listing dates were not available in the sources reviewed, valuation cannot be judged yet, and SME shares are often thinly traded after listing.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Performance\"><\/span><strong>Financial Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Johnsoncab Electricals IPO follows a steep rise in sales and profit. Total income was Rs 88.95 crore in FY24, Rs 140.00 crore in FY25 and Rs 211.34 crore in FY26, while profit after tax was Rs 2.52 crore, Rs 5.46 crore and Rs 13.42 crore. Borrowings rose from Rs 41.79 crore to Rs 79.88 crore in the same last year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Johnsoncab_Electricals_Ltd_%E2%80%93_Financials_Rs_in_Crore\"><\/span><strong>Johnsoncab Electricals Ltd. &#8211; Financials (Rs in Crore)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\" style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Particulars<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Fiscal 2026<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Fiscal 2025<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Fiscal 2024<\/th>\n<\/tr>\n<tr>\n<td>Total Income<\/td>\n<td>211.34<\/td>\n<td>140.00<\/td>\n<td>88.95<\/td>\n<\/tr>\n<tr>\n<td>EBITDA<\/td>\n<td>24.06<\/td>\n<td>12.14<\/td>\n<td>5.42<\/td>\n<\/tr>\n<tr>\n<td>Profit After Tax (PAT)<\/td>\n<td>13.42<\/td>\n<td>5.46<\/td>\n<td>2.52<\/td>\n<\/tr>\n<tr>\n<td>Net Worth<\/td>\n<td>31.44<\/td>\n<td>14.24<\/td>\n<td>8.88<\/td>\n<\/tr>\n<tr>\n<td>Total Borrowings<\/td>\n<td>79.88<\/td>\n<td>41.79<\/td>\n<td>32.81<\/td>\n<\/tr>\n<tr>\n<td>Total Assets<\/td>\n<td>126.64<\/td>\n<td>64.28<\/td>\n<td>48.44<\/td>\n<\/tr>\n<\/table>\n<p><em>Amounts in Rs Crore, restated standalone figures compiled from published Johnsoncab Electricals IPO disclosures and trackers. No figures for a part year after March 2026 were available in the sources reviewed.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Ratios_and_Metrics\"><\/span><strong>Key Ratios and Metrics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below summarises the key ratios for the Johnsoncab Electricals issue as of FY26, as published by trackers. Valuation ratios are not shown because the price band was not available in the sources reviewed.<\/p>\n<p><em>These ratios offer a quick snapshot of the profitability and balance sheet behind the Johnsoncab Electricals IPO.<\/em><\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\" style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">KPI (FY26)<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Value<\/th>\n<\/tr>\n<tr>\n<td>Return on Equity (RoE)<\/td>\n<td>58.75%<\/td>\n<\/tr>\n<tr>\n<td>Return on Capital Employed (RoCE)<\/td>\n<td>39.68%<\/td>\n<\/tr>\n<tr>\n<td>Return on Net Worth (RoNW)<\/td>\n<td>42.68%<\/td>\n<\/tr>\n<tr>\n<td>EBITDA Margin<\/td>\n<td>11.43%<\/td>\n<\/tr>\n<tr>\n<td>PAT Margin<\/td>\n<td>6.38%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>2.54<\/td>\n<\/tr>\n<tr>\n<td>Net Asset Value per Share<\/td>\n<td>Rs 40.47<\/td>\n<\/tr>\n<tr>\n<td>Earnings per Share (pre-issue)<\/td>\n<td>Rs 17.27<\/td>\n<\/tr>\n<tr>\n<td>Earnings per Share (post-issue)<\/td>\n<td>Rs 12.69<\/td>\n<\/tr>\n<tr>\n<td>Price to Earnings and Market Cap<\/td>\n<td>Not available until the price band is announced<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Objects_of_the_Offer\"><\/span><strong>Objects of the Offer<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The company proposes to use the net proceeds from the Johnsoncab Electricals IPO towards the following objects.<\/p>\n<ul>\n<li>Construction of an additional factory shed (Rs 7.89 Cr)<\/li>\n<li>Additional plant and machinery to increase capacity (Rs 9.90 Cr)<\/li>\n<li>Machinery for paper insulated copper and aluminium conductors (Rs 6.89 Cr)<\/li>\n<li>Setting up a rooftop solar power plant (Rs 3.23 Cr)<\/li>\n<li>Additional working capital requirements (Rs 14.00 Cr)<\/li>\n<li>General corporate purposes (amount not shown in the sources reviewed)<\/li>\n<\/ul>\n<p>Because the whole issue is fresh, all proceeds go to the company, subject to issue expenses, and the object amounts, which add up to Rs 41.91 crore, should be confirmed in the RHP. None of the money is earmarked to repay debt.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the Univest iOS App or Univest Android App to track the Johnsoncab Electricals IPO and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><em>Here is the bottom line on the Johnsoncab Electricals IPO.<\/em><\/p>\n<p>The Johnsoncab Electricals issue offers exposure to a fast-growing cable maker with strong return ratios and a clear plan to add capacity.<\/p>\n<p>The cautions are heavy borrowing, a thin margin, exposure to copper and aluminium prices, a young business, SME liquidity and a valuation that is not yet known.<\/p>\n<p>Overall, investors weighing the Johnsoncab Electricals issue should wait for the price band, read the Red Herring Prospectus (RHP) for customer concentration and loan terms, and match the position size to their own risk profile.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data independently before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<p>Univest does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified or endorsed by SEBI, NSE or BSE, can vary widely between trackers, and is not always accurate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"When_does_the_Johnsoncab_Electricals_IPO_open_and_close\"><\/span><strong>When does the Johnsoncab Electricals IPO open and close?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Johnsoncab Electricals IPO opens for subscription on 30 October 2026 and closes on 3 November 2026. Allotment and listing dates were not available in the sources reviewed, and the shares are proposed to list on the BSE SME platform.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_price_band_and_minimum_investment_for_the_Johnsoncab_Electricals_IPO\"><\/span><strong>What is the price band and minimum investment for the Johnsoncab Electricals IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The price band and lot size were not available in the sources reviewed. SME issues usually need a larger minimum application than mainboard issues, so check the final announcement before applying.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Johnsoncab_Electricals_do\"><\/span><strong>What does Johnsoncab Electricals do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Johnsoncab Electricals makes low voltage wires and cables of up to 1.1 kV under the Johnson Cables brand, including control, power, welding, housing, solar and submersible flat cables, from two factories in Mehsana, Gujarat.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Johnsoncab_Electricals_IPO_a_fresh_issue_or_an_offer_for_sale\"><\/span><strong>Is the Johnsoncab Electricals IPO a fresh issue or an offer for sale?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It is a 100 percent fresh issue of 28,00,800 equity shares, so all proceeds go to the company, subject to issue expenses. Promoters hold 100 percent before the issue.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_will_Johnsoncab_Electricals_use_the_IPO_money\"><\/span><strong>How will Johnsoncab Electricals use the IPO money?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The company plans to spend Rs 41.91 crore in all: Rs 7.89 crore on a factory shed, Rs 9.90 crore and Rs 6.89 crore on machinery, Rs 3.23 crore on a rooftop solar plant and Rs 14 crore on working capital.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Johnsoncab_Electricals_performed_financially\"><\/span><strong>How has Johnsoncab Electricals performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Total income rose from Rs 140.00 crore in FY25 to Rs 211.34 crore in FY26, and profit after tax rose from Rs 5.46 crore to Rs 13.42 crore, with EBITDA of Rs 24.06 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Johnsoncab_Electricals_IPO_expensive\"><\/span><strong>Is the Johnsoncab Electricals IPO expensive?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> That cannot be answered until the price band is announced. Once it is, compare the upper band with the pre-issue earnings per share of Rs 17.27 and remember that earnings per share falls to Rs 12.69 after the new shares.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_in_the_Johnsoncab_Electricals_IPO\"><\/span><strong>What are the main risks in the Johnsoncab Electricals IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are a debt to equity ratio of 2.54, a thin margin of about 6.4 percent, copper and aluminium price swings, a young business, thin trading in SME shares and a valuation that is not yet known.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_are_the_lead_manager_and_registrar_for_the_Johnsoncab_Electricals_IPO\"><\/span><strong>Who are the lead manager and registrar for the Johnsoncab Electricals IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ISK Advisors Pvt. Ltd. is the book-running lead manager and Maashitla Securities Pvt. Ltd. is the registrar, handling allotment and the credit of shares to successful applicants&#8217; demat accounts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Johnsoncab_Electricals_IPO_a_good_investment\"><\/span><strong>Is the Johnsoncab Electricals IPO a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Johnsoncab Electricals issue offers fast growth and strong return ratios, but heavy borrowing and a thin margin call for caution. Wait for the price band, read the prospectus, and size the position to your own risk appetite before applying.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"When does the Johnsoncab Electricals IPO open and close?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Johnsoncab Electricals IPO opens for subscription on 30 October 2026 and closes on 3 November 2026. Allotment and listing dates were not available in the sources reviewed, and the shares are proposed to list on the BSE SME platform.\"}},{\"@type\":\"Question\",\"name\":\"What is the price band and minimum investment for the Johnsoncab Electricals IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The price band and lot size were not available in the sources reviewed. 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The Mehsana cable maker plans to spend Rs 41.91 crore on a new factory shed, machinery, solar power and wor<\/p>\n","protected":false},"author":29,"featured_media":328056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[5352],"class_list":["post-328057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-sme-ipo"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["328056"],"rank_math_title":["Johnsoncab Electricals IPO 2026: Dates, Review and Risks"],"rank_math_description":["Johnsoncab Electricals IPO opens 30 October 2026 on BSE SME with a 28 lakh share fresh issue. Read the review of the cable maker, financials and risks."],"rank_math_focus_keyword":["Johnsoncab Electricals IPO"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/johnsoncab-electricals-ipo-review-key-details-company-overview-and-financials.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/328057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=328057"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/328057\/revisions"}],"predecessor-version":[{"id":328058,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/328057\/revisions\/328058"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/328056"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=328057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=328057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=328057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}