
JD Cables IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Tue Sep 16 2025

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JD Cables IPO is open for bidding from 18th September 2025 to 22nd September 2025. It is a book-building IPO of ₹95.99 crore, comprising a fresh issue of 0.56 crore shares and an offer for sale of 0.08 crore shares. The problem will be listed on BSE and SME on its tentative listing date, 25th September 2025.
JD Cables IPO Details
The JD Cables IPO date is fixed between 18th September 2025 and 22nd September 2025. The face value of JD Cables’ IPO shares is ₹10 per share, and the IPO price is set at ₹144 to ₹152 per share.
MUFG Intime India Private Limited is the registrar of the JD Cables IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 18th September 2025 |
IPO Close Date | 22nd September 2025 |
IPO Allotment Date | 23rd September 2025 |
Refund Initiation | 24th September 2025 |
Issue Size | 63,15,200 shares(aggregating up to ₹95.99 Cr) |
Face Value | ₹10 per share |
Lot Size | 800 shares |
Issue Price Band | ₹144 to ₹152 per share |
Issue Type | Bookbuilding IPO |
Listing At | BSE & SME |
Listing Date | 25th September 2025 |
JD Cables IPO Share Reservation
JD Cables IPO is a book-building IPO of ₹95.99 crores, comprising a fresh issue of 0.56 crore shares and an offer for sale of 0.08 crore shares of JD Cables, which will be listed on the BSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Shares Offered | % Shares Offered |
Market Maker Shares Offered | 3,16,000 | 5.00% |
QIB Shares Offered | 29,77,600 | 47.15% |
NII (HNI) Shares Offered | 9,20,400 | 14.42% |
Retail Shares Offered | 21,11,200 | 33.43% |
Total Shares Offered | 63,15,200 | 100.00% |
JD Cables IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the JD Cables IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
15-09-2025 | ₹152.00 | ₹26.00 | ₹178.00 | 17.11% |
14-09-2025 | ₹152.00 | ₹25.00 | ₹177.00 | 16.45% |
13-09-2025 | ₹152.00 | ₹25.00 | ₹177.00 | 16.45% |
12-09-2025 | ₹152.00 | ₹21.00 | ₹173.00 | 13.82% |
As of 15th September 2025, the GMP of JD Cables’ IPO stands at ₹26 per share, which suggests that the share will likely list at ₹178 on its tentative listing date, 25th September 2025.
GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the JD Cables IPO GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
JD Cables IPO GMP Review

Check out the detailed JD Cables GMP IPO review for a thorough understanding of its potential to report listing gains on 25th September 2025. The JD Cables IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to comprehend the business’s financial growth margins and declines before applying for the JD Cables IPO.
JD Cables Limited’s revenue increased by 149% from ₹100.85 crores in March 2024 to ₹250.70 crores in March 2025. Moreover, the company’s PAT rose by 384% from ₹4.58 crores to ₹22.15 crores.
JD Cables Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, brokers, investors, and RAs have a positive outlook for the JD Cables IPO, with its tentative listing day set for 25th September 2025.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the JD Cables IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | 11.66 |
EPS (Earnings Per Share) | 13.03 |
RoNW | 73.89% |
ROCE | 43.64% |
ROE | 117.17% |
EBITDA Margin | 13.89% |
Price to Book Value | 8.39 |
Market Capitalisation | ₹342.78 Cr |
The P/E ratio of JD Cables Limited’s share is 11.66, and its Earnings Per Share (EPS) stands at 15.47. Thus, the JD Cables Limited IPO is expected to deliver gains on its tentative listing date, 25th September 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of JD Cables Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
JD Cables IPO Subscription Status
The JD Cables IPO is to be opened for bidding on 18th September 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live JD Cables IPO subscription status.
Investor Category | Shares Offered | Shares Subscribed | Subscription to the Times |
Market Maker Shares Offered | 3,16,000 | Yet to be announced | Yet to be announced |
QIB Shares Offered | 29,77,600 | Yet to be announced | Yet to be announced |
NII (HNI) Shares Offered | 9,20,400 | Yet to be announced | Yet to be announced |
Retail Shares Offered | 21,11,200 | Yet to be announced | Yet to be announced |
Total Shares Offered | 63,15,200 | Yet to be announced | Yet to be announced |
About JD Cables Limited

JD Cables was incorporated in 2015. JD Cables was engaged in the manufacturing of high-quality cables and conductors that cater to the power transmission and distribution sector. The company offers a variety of services, including power cables, control cables and aerial bunchled cables. These products are highly efficient and reliable for the transmission and distribution of electricity.
JD Cables Limited Financials
The company’s financial analysis is crucial before applying for the JD Cables IPO. Refer to the table to learn about JD Cables Limited’s financials.
Year Ended | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
Assets | 115.23 | 45.08 | 17.89 |
Revenue | 250.70 | 100.85 | 40.86 |
Profit After Tax | 22.15 | 4.58 | 0.32 |
EBITDA | 34.14 | 7.22 | 0.81 |
Net Worth | 29.98 | 7.83 | 1.18 |
Reserve and surplus | 29.93 | 7.83 | 1.15 |
Total Borrowing | 45.91 | 17.77 | 3.84 |
Explanation
JD Cables Limited’s revenue increased by 149% from ₹100.85 crores in March 2024 to ₹250.70 crores in March 2025. Moreover, the company’s PAT rose by 384% from ₹4.58 crores to ₹22.15 crores.
JD Cables IPO Bidding Requirements
Investors can bid for a minimum of 50 shares and in multiples thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
Individual Investors (Retail) (Min) | 2 | 1,600 | ₹2,43,200 |
Individual Investors (Retail) (Max | 2 | 1,600 | ₹2,43,200 |
S-HNI (Min) | 3 | 2,400 | ₹3,64,800 |
S-HNI (Max) | 8 | 6,400 | ₹9,72,800 |
B-HNI (Min) | 9 | 7,200 | ₹10,94,400 |
JD Cables IPO has reserved lot sizes for different investor categories. Look at the table below to see the requirements for applying for this IPO.
Use the lot size calculator to find how many shares you should apply for!
JD Cables IPO Promoter Holding
Take a look at the table below to review the holdings of JD Cables Limited’s promoters: Mr. Piyush Garodia
Share Holding Pre-Issue | 97.35% |
Share Holding Post-Issue | 70.01% |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Aim of the JD Cables IPO
The primary aim of the JD Cables IPO is to raise ₹95.99 crores. On the other hand, JD Cables has decided to utilise these funds in different ways. Explore some of the secondary objectives for the JD Cables IPO.
- To fund the working capital requirements of our company.
- To meet general corporate purposes.
- To repayment or prepayment of borrowing availed by the company.
Should I Invest in the JD Cables IPO?
Explore the pros and cons of JD Cables to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades.
Pros of JD Cables IPO
- The company offers a variety of products like Power cables, control cables and bare & insulated cables.
- The power and infrastructure sector is continuously growin,g through which the demand for cables is rising.
- The company has a strong brand presence.
- They focus on the backward inttegration.
Cons of JD Cables IPO
- Faces intense high competition
- High dependency on raw materials.
- Regional concentartion
- Intensive working capital requirements
How to Apply for the JD Cables IPO?

Please follow the steps outlined below to apply for JD Cables Limited.
- Step 1: Conduct thorough research on the JD Cables IPO, including GMP, subscription status, issue size, lot size, and other relevant details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for two lots of 1,600 shares worth ₹2,43,2000.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the JD Cables IPO from more than one demat account to increase your chances of allotment.
How to Check JD Cables IPO Allotment Status?
You can check whether the JD Cables IPO allotment has been completed in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On NSE
- Visit the NSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the JD Cables IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your JD Cables IPO allotment status.
Let’s Wrap
JD Cables IPO is a bookbuilding issue of shares worth ₹95.99 crores. The shares of JD Cables Limited will be listed on BSE and SME on its tentative listing date of 25th September 2025. Researching the JD Cables IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on JD Cables IPO
How is the JD Cables IPO?
Ans. Currently, on 15th September 2025, the JD Cables IPO GMP (Grey Market Premium) stands at ₹26. It indicates that the estimated listing price could be ₹178 per share. It is a bookbuilding IPO of ₹95.99 crores, comprising a fresh issue of 0.56 crore shares and offer for sale of 0.08 crore shares. The face value of each share of JD Cables Limited is ₹10 per share.
What is the IPO price of JD Cables?
Ans. The JD Cables IPO price is set at ₹144 to ₹152 per share. Retail investors can apply for a minimum of 2 lots consisting of 1,600 shares worth ₹2,43,200. Moreover, HNIs are required to bid for a minimum of 3 lots (2,400 shares) worth ₹3,64,800.
Is the JD Cables IPO good?
Ans. JD Cables Limited’s revenue increased by 149% from ₹100.85 crores in March 2024 to ₹250.70 crores in March 2025. Moreover, the company’s PAT rose by 384% from ₹4.58 crores to ₹22.15 crores.
Who is the registrar of the JD Cables IPO?
Ans. MUFG Intime India Private Limited is the registrar of the JD Cables IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Tech Defence Lab allotment and refund, please contact MUFG Intime India Private Limited at ipo.helpdesk@linkintime.co.in or +91-22-4918 6270.
What is the issue size of the JD Cables IPO?
Ans. JD Cables IPO is a bookbuilding IPO for 0.56 crore shares worth ₹95.99 crores. Moreover, the IPO is set to open on 18th September 2025 and will be closed on 22nd September 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the JD Cables IPO, download the JD Cables IPO RHP and JD Cables IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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