JD Cables IPO GMP Dates, Price Allotment Details

Introduction

JD Cables Ltd., a company established in 2015, is launching a book-build SME IPO to raise capital for its growth initiatives. Known for producing high-quality cables and conductors, the company has demonstrated impressive financial performance with significant revenue growth. This IPO marks a pivotal step in its journey to fund expansion and strengthen its market position.

IPO Details

• Company: JD Cables Ltd.

• IPO Type: Book-build SME IPO

• Issue Size: Rs. 95.99 Cr

• Issue Price Band: Rs. 144 to Rs. 152 per share

• Number of Shares: 63,15,200

• Key Dates:

• Open Date: September 18, 2025

• Close Date: September 22, 2025

• Allotment Date: September 23, 2025

• Expected Listing Date: September 25, 2025

• Listing Exchange: BSE and SME

Important Things

The company plans to use the proceeds from the IPO primarily to address its working capital requirements (Rs. 45 Cr) and to repay or prepay existing loans (Rs. 26 Cr). This strategic use of funds aims to improve the company's financial health and support future operations. The IPO is considered fairly valued, with a P/E ratio of 11.35x, which is below the industry average, potentially making it an attractive proposition for investors. As of September 13, 2025, the Grey Market Premium (GMP) was at Rs. 21, suggesting a potential listing at Rs. 173, indicating a moderate listing gain.

Conclusion

The JD Cables IPO GMP presents an opportunity to invest in a company with a proven track record of growth and a clear vision for using the raised capital for strategic purposes. While the GMP is a positive sign, investors should consider the competitive nature of the market and the company's reliance on raw material costs before making an investment decision.

Frequently Asked Questions (FAQs)

Q1: What is the primary use of the IPO proceeds?

A: The company will use the proceeds to fund its working capital needs, repay loans, and for general corporate purposes.

Q2: What are the key dates for the JD Cables IPO?

A: The IPO opens on September 18, 2025, and closes on September 22, 2025. The shares are expected to be allotted on September 23, 2025, and listed on September 25, 2025.

Q3: How can I apply for the IPO?

A: You need to have a demat account. You can apply by logging into your broking app during the subscription period and completing the application process.

Q4: How can I check the IPO allotment status?

A: You can check the allotment status by visiting the website of the Registrar (such as KFintech) or the BSE, selecting the IPO, and entering your DP/Client ID, Application No., or PAN.