Johnson cab Electricals IPO 2026: GMP Today, Subscription Status, Price Band and Allotment Details

Johnson cab Electricals IPO 2026: Latest Update

Johnsonc ab Electricals Limited is launching its ₹56.02 crore SME IPO on October 30, 2026. The issue will close on November 3, 2026, with a price band of ₹190 to ₹200 per share.

The company manufactures electrical wires and cables used in power infrastructure, construction, renewable energy, railways, agriculture and industrial applications. Its product portfolio includes low-voltage power cables, control cables, solar cables, building wires, welding cables and submersible cables.

The public issue consists entirely of a fresh issue of approximately 28 lakh equity shares. The company intends to use the funds to support its business requirements and strengthen its financial position.

The shares are scheduled to be listed on the BSE SME platform on November 6, 2026.

Johnson cab Electricals IPO Details

The minimum individual retail application is two lots, or 1,200 shares. At the upper price band of ₹200, the minimum application amount is ₹2,40,000.

Johnsoncab Electricals IPO GMP Today

The Grey Market Premium (GMP) is an unofficial indicator of investor sentiment before an IPO's stock exchange listing.

As reported on October 30, 2026, the GMP was approximately ₹13 per share.

Based on this reported premium, the estimated listing price is ₹213 per share. However, GMP is not regulated or guaranteed, and the actual listing price may be different.

Johnsoncab Electricals IPO Subscription Status

The IPO opened for subscription on October 30, 2026. At the time of preparing this article, verified category-wise live subscription figures were not available.

The reported investor reservation structure is:

Subscription figures can change throughout the bidding period. Investors should check the latest exchange data for updated QIB, NII and retail participation.

About Johnsoncab Electricals Limited

Johnsoncab Electricals Limited is an Indian manufacturer of wires and cables operating under the Johnson Cables brand. Its cable business began in 2012, and the company was incorporated as a private limited entity in November 2020.

The company manufactures cables with voltage ratings up to 1.1 kV. Its products are used in power transmission and distribution, residential and commercial construction, solar power projects, railway infrastructure, irrigation and industrial applications.

Its product portfolio includes:

• Building and housing wires

• LT power cables

• Industrial control cables

• Solar photovoltaic cables

• Welding cables

• Submersible flat cables

• Specialised electrical cables

The company carries out several manufacturing processes in-house, including wire drawing, annealing, stranding, insulation, extrusion, armouring, testing and packaging. It also has in-house PVC and rubber compounding capabilities.

Johnsoncab has expanded its manufacturing operations through a second facility in Mehsana, Gujarat. Its specialised product capabilities include patented three-core flat submersible cable technology.

The company supplies products to government and public-sector customers as well as private businesses across infrastructure, construction, renewable energy and industrial sectors.

Johnsoncab Electricals IPO Financial Performance

The company's reported financial performance shows consistent growth in revenue and profitability over the last three financial years.

Revenue increased from ₹88.34 crore in FY2024 to ₹210.47 crore in FY2026. Profit after tax also improved significantly during the same period.

However, borrowings increased to ₹79.88 crore in FY2026. Investors should therefore assess the company's debt levels, interest expenses, cash flows and ability to maintain profitability while expanding operations.

Objectives of the Johnsoncab Electricals IPO

The company is raising fresh capital through its public issue to support its business and financial requirements. As the issue is entirely a fresh issue, the proceeds will be received by the company.

The detailed allocation of proceeds should be reviewed in the final offer document. Investors should pay particular attention to the proposed use of funds, including capital expenditure, working capital requirements and repayment of borrowings, where applicable.

Growth Opportunities for Johnsoncab Electricals

Increasing demand for electrical cables: Growing electricity consumption, infrastructure development and industrial activity support demand for reliable wires and cables.

Renewable energy expansion: Solar power projects require specialised photovoltaic cables, creating opportunities for manufacturers with relevant product capabilities.

Railway and infrastructure projects: Government investment in railway electrification, power distribution and infrastructure may create additional business opportunities.

Diversified product portfolio: The company serves residential, industrial, agricultural, construction and renewable energy applications, reducing dependence on a single end-use segment.

In-house manufacturing capabilities: Its manufacturing processes, testing facilities and customised cable capabilities may support quality control and operational efficiency.

Strong revenue growth: The improvement in revenue and profitability over FY2024–FY2026 provides a positive indication of business expansion, although future performance will depend on demand and cost management.

Risks of Investing in Johnsoncab Electricals IPO

Before applying, investors should consider the following risks:

• Raw material price fluctuations: Copper, aluminium, PVC and other input costs can affect production expenses and profit margins.

• Increasing borrowings: Total borrowings rose to ₹79.88 crore in FY2026, making debt management an important factor.

• Competitive industry: The cable manufacturing sector includes established brands and several regional manufacturers.

• Working capital requirements: Manufacturing and supplying cables can involve substantial inventory and customer credit requirements.

• Government order dependence: Changes in government spending, tender conditions or project execution may affect business performance.

• SME market volatility: SME-listed shares may experience limited liquidity and higher price fluctuations.

Johnsoncab Electricals IPO Important Dates

Johnsoncab Electricals IPO: Final Overview

Johnsoncab Electricals IPO is a ₹56.02 crore SME public issue scheduled from October 30 to November 3, 2026. The company manufactures wires and cables for power infrastructure, renewable energy, railways, construction and industrial applications.

Its financial performance has improved over the last three years, with FY2026 revenue reaching ₹210.47 crore and profit after tax increasing to ₹13.42 crore. At the same time, rising borrowings and raw material price fluctuations are important factors investors should evaluate.

The reported GMP of ₹13 indicates positive but unofficial grey-market interest. Investors should consider the company's valuation, financial position, business prospects and SME-related risks rather than relying only on GMP when making an investment decision.