Johnsoncab Electricals IPO 2026: GMP 2 Nov Today, Subscription Status, Price Band and Allotment Details

Johnsoncab Electricals IPO 2026: Latest Update

Johnsoncab Electricals Limited has launched its ₹56.02 crore SME IPO, with the subscription window running from October 30 to November 3, 2026. The company has fixed the price band at ₹190 to ₹200 per equity share.

The public issue comprises a fresh issue of approximately 28 lakh equity shares, with no offer for sale. The company plans to utilise the proceeds to expand its manufacturing capabilities, improve production infrastructure and strengthen working capital.

Johnsoncab Electricals operates in the electrical wires and cables industry and manufactures products used in residential, industrial, infrastructure, solar and electrical applications.

The company's shares are scheduled to list on the BSE SME platform on November 6, 2026.

Johnsoncab Electricals IPO Details

At the upper price band of ₹200, one lot of 600 shares requires ₹1,20,000. The minimum retail application consists of two lots, amounting to ₹2,40,000.

Johnsoncab Electricals IPO GMP Today

The Grey Market Premium (GMP) is an unofficial indicator that investors use to understand potential market sentiment before an IPO listing.

As reported on November 2, 2026, the Johnsoncab Electricals IPO GMP stood at approximately ₹5 per share.

The reported premium suggests a modest positive indication in the unofficial market. However, GMP is volatile, is not an exchange-listed price and does not guarantee actual listing performance.

Johnsoncab Electricals IPO Subscription Status

The IPO recorded an overall subscription of 1.06 times in the reported October 30, 2026, closing snapshot.

Non-institutional and retail investor participation supported the initial subscription response, while the reported QIB bidding excluding anchors was yet to register demand in that snapshot.

Note: These subscription figures are from October 30, 2026, and should not be treated as the latest live or final subscription numbers. The issue remains open until November 3, so bidding activity can change.

About Johnsoncab Electricals Limited

Johnsoncab Electricals Limited is an Indian manufacturer of electrical wires and cables operating under the Johnson Cables brand.

The company caters to multiple sectors through a range of electrical products, including:

• Low-voltage electrical wires and cables

• Control cables

• Solar cables

• Building wires

• Welding cables

• Submersible cables

• Specialised electrical cable solutions

Its manufacturing operations are based in Mehsana, Gujarat. The company has been involved in the cable business since 2012 and was incorporated in November 2020.

The business serves customers requiring electrical connectivity solutions for industrial, residential and infrastructure applications. It also has specialised product capabilities, including patented three-core flat submersible cable technology.

Johnsoncab Electricals IPO Financial Performance

The company's reported financial performance indicates significant revenue growth and improved profitability over the last three financial years.

Revenue increased from ₹88.34 crore in FY2024 to ₹210.47 crore in FY2026, reflecting strong business expansion.

Profit after tax also improved considerably during the period. However, borrowings rose from ₹32.81 crore to ₹79.88 crore, making debt levels, financing costs and cash-flow management important factors for investors.

Objectives of the Johnsoncab Electricals IPO

The company intends to deploy the IPO proceeds towards its business expansion and operational requirements.

Manufacturing infrastructure expansion: Construction of an additional factory shed to support production expansion.

Plant and machinery: Purchase of additional machinery to increase manufacturing capacity.

New product manufacturing: Investment in machinery for producing paper-insulated copper and aluminium conductors.

Renewable energy investment: Installation of a rooftop solar power plant to support energy requirements.

Working capital: Funding additional working capital requirements to support business operations and growth.

General corporate purposes: Remaining proceeds may be utilised for eligible corporate requirements as specified in the offer documents.

Growth Opportunities for Johnsoncab Electricals

Growing electrical infrastructure demand: Expansion in residential construction, industrial activity and infrastructure development can support demand for wires and cables.

Renewable energy applications: Increasing solar installations create opportunities for cable manufacturers serving renewable energy projects.

Production capacity expansion: Additional manufacturing facilities and machinery may help the company meet growing customer requirements.

Product diversification: Manufacturing paper-insulated copper and aluminium conductors could broaden its product portfolio.

Established manufacturing experience: Its industry experience and existing product capabilities may support customer relationships and business development.

Risks of Investing in Johnsoncab Electricals IPO

Investors should consider several business and financial risks before applying.

• Rising borrowings: Borrowings increased to ₹79.88 crore in FY2026, which could affect interest costs and financial flexibility.

• Raw material volatility: Copper, aluminium and other input prices may influence production costs and margins.

• Competitive industry: The wires and cables market includes established manufacturers and other competing businesses.

• Working capital requirements: Manufacturing and distribution operations can require substantial inventory and customer credit.

• Expansion execution: New machinery, factory infrastructure and product diversification involve execution and utilisation risks.

• SME market volatility: SME-listed shares can experience limited liquidity and considerable price fluctuations.

Johnsoncab Electricals IPO Important Dates

The above schedule reflects the published IPO timeline and remains subject to official updates.

Johnsoncab Electricals IPO: Final Overview

Johnsoncab Electricals IPO is a ₹56.02 crore SME public issue offering investors exposure to India's electrical wires and cables manufacturing sector.

The company has reported strong revenue and profit growth over FY2024–FY2026. Its proposed investments in machinery, manufacturing infrastructure, product expansion and working capital could support its future business plans.

At the same time, increasing borrowings, raw material price movements, competitive pressures and execution risks deserve careful consideration.

With the IPO closing on November 3, 2026, investors should check the final subscription figures, latest available GMP, offer document and valuation before making an investment decision. Neither subscription demand nor grey market premium should be considered a guarantee of listing gains.