Johnsoncab Electricals IPO: Latest Update
Johnsoncab Electricals Limited has opened its SME IPO for subscription on October 30, 2026. The company plans to raise approximately ₹56.02 crore through a fresh issue of 28,00,800 equity shares. The IPO will remain open until November 3, 2026, and the shares are expected to list on the BSE SME platform on November 6.
The company manufactures low-voltage wires and cables under the JOHNSON CABLES brand. Its products serve industries such as power infrastructure, renewable energy, railways, construction and industrial applications.
Johnsoncab Electricals IPO Details
| Particular | Details |
|---|---|
| Company Name | Johnsoncab Electricals Limited |
| IPO Opening Date | October 30, 2026 |
| IPO Closing Date | November 3, 2026 |
| Price Band | ₹190–₹200 per share |
| Issue Size | ₹56.02 crore |
| Issue Type | Fresh Issue |
| Total Shares Offered | 28,00,800 shares |
| Face Value | ₹10 per share |
| Lot Size | 600 shares |
| Minimum Retail Application | 1,200 shares (2 lots) |
| Minimum Retail Investment | ₹2,40,000 at upper price band |
| Listing Exchange | BSE SME |
| Allotment Date | November 4, 2026 (expected) |
| Refund Initiation | November 5, 2026 (expected) |
| Demat Credit | November 5, 2026 (expected) |
| Listing Date | November 6, 2026 (expected) |
One lot consists of 600 shares, costing ₹1,20,000 at the upper price band. The minimum individual retail application is two lots, or 1,200 shares, amounting to ₹2,40,000.
Johnsoncab Electricals IPO GMP Today
As reported on October 30, 2026, the grey market premium (GMP) is approximately ₹13 per share.
| Particular | Details |
|---|---|
| Upper Price Band | ₹200 |
| Latest Reported GMP | ₹13 |
| Indicative Listing Price | ₹213 |
| Indicative Listing Gain | 6.50% |
Based on this unofficial premium, the estimated listing price would be around ₹213 per share. However, GMP is not an official exchange price and can fluctuate during the IPO subscription period. It should not be treated as a guaranteed listing gain.
About Johnsoncab Electricals Limited
Johnsoncab Electricals Limited manufactures and sells low-voltage wires and cables rated up to 1.1 kV. The company's product portfolio includes power cables, control cables, house wiring, building wires, industrial cables, welding cables, solar cables and submersible flat cables.
Its products are used in power transmission and distribution, renewable energy projects, railway infrastructure, construction, irrigation and industrial applications. The company operates two manufacturing facilities in Mehsana, Gujarat, with a combined installed production capacity of approximately 79,950 kilometres annually as of FY2026.
The business supplies products to government organisations and private-sector customers through direct orders, tenders and approved vendor networks. Demand is influenced by infrastructure development, industrial investment and expansion in electricity and renewable-energy projects.
Johnsoncab Electricals IPO: Objects of the Issue
The company intends to utilise the net proceeds to expand manufacturing capacity, improve infrastructure and meet working-capital requirements.
| Purpose | Planned Amount |
|---|---|
| Construction of Additional Factory Shed | ₹8.46 crore |
| Purchase of Additional Plant and Machinery | ₹9.90 crore |
| Machinery for Paper Insulated Copper/Aluminium Conductors | ₹8.50 crore |
| Rooftop Solar Power Plant | ₹3.23 crore |
| Additional Working Capital | ₹14.00 crore |
| General Corporate Purposes | Remaining eligible proceeds |
The proposed investments are intended to increase production capacity, diversify manufacturing capabilities and support daily operations. The company will need to execute these expansion plans effectively to achieve the expected benefits.
Johnsoncab Electricals Financial Performance
The company has reported strong growth in revenue and profitability over the last three financial years.
| Particular | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | ₹88.33 crore | ₹139.79 crore | ₹210.47 crore |
| Profit After Tax | ₹2.52 crore | ₹5.46 crore | ₹13.42 crore |
| Net Worth | ₹8.88 crore | ₹14.24 crore | ₹31.44 crore |
| Total Borrowings | ₹32.81 crore | ₹41.79 crore | ₹79.88 crore |
The financial figures show considerable growth in revenue and profit. However, borrowings have also increased, reaching ₹79.88 crore in FY2026. Investors should evaluate the company's debt levels, interest costs, working-capital cycle and cash flows alongside its growth.
Key Risks of Johnsoncab Electricals IPO
-
High borrowings: Total borrowings increased to ₹79.88 crore in FY2026, creating financial and repayment obligations.
-
Raw-material price fluctuations: Copper and aluminium prices can affect manufacturing costs and profit margins.
-
Working-capital requirements: The business needs funds for raw materials, inventory and customer credit.
-
Expansion execution: New factory infrastructure and machinery investments may involve delays or additional costs.
-
Geographic concentration: Both manufacturing facilities are located in Mehsana, Gujarat, exposing operations to location-specific disruptions.
-
SME market volatility: SME-listed shares may experience significant price fluctuations and lower liquidity.
Johnsoncab Electricals IPO: Important Dates
| IPO Event | Date |
|---|---|
| IPO Opening | October 30, 2026 |
| IPO Closing | November 3, 2026 |
| Basis of Allotment | November 4, 2026 |
| Refund Initiation | November 5, 2026 |
| Shares Credited to Demat | November 5, 2026 |
| Expected Listing | November 6, 2026 |
The allotment and listing schedule is based on the currently published timeline and may be updated through official announcements.
Should You Consider Johnsoncab Electricals IPO?
Johnsoncab Electricals operates in the wires and cables industry, which is connected to infrastructure development, electricity distribution, renewable energy and industrial expansion. Its increasing revenue and profitability indicate business growth, while the proposed investment in manufacturing facilities could support future capacity expansion.
At the same time, the company's rising borrowings, working-capital requirements and exposure to copper and aluminium prices are important considerations. Investors should assess its valuation, debt position, cash flows and ability to execute expansion plans before applying.
Disclaimer: This article is for informational and educational purposes only and is not investment advice. GMP figures are unofficial and may change. Investors should review the official offer documents and consider their risk tolerance before investing.
Loading comments...