JD Cables IPO Subscription Status

The JD Cables IPO was subscribed 3.15 times on its first day, as of 5:00 PM on September 18, 2025.

• Qualified Institutional Buyers (QIB): 7.20x
• Non-Institutional Investors (NII): 1.24x
• Retail Investors (RII): 1.68x

The company received 1,32,99,200 bids against the total offer of 42,19,200 shares on Day 1.

Company Overview

Founded in 2015, JD Cables Limited manufactures a wide range of cables and conductors used in the power transmission and distribution sector.
Its product portfolio includes:

• Power Cables
• Control Cables
• Aerial Bunched Cables
• Single-core Service Wires
• Conductors such as All Aluminium Conductor (AAC), All Aluminium Alloy Conductor (AAAC), and Aluminium Conductor Steel Reinforced (ACSR).

The company benefits from strong product demand, a skilled and experienced promoter team, and a solid market presence, enabling it to deliver high-quality, reliable, and efficient solutions to diverse industries. JD Cables also emphasizes eco-friendly manufacturing to reduce environmental impact and promote sustainability.

Financial Highlights

• Revenue: ₹250.70 crore in 2025 vs. ₹100.85 crore in 2024
• Net Profit: ₹22.15 crore in 2025 vs. ₹4.58 crore in 2024

Grey Market Premium (GMP)

As of Thursday, September 18, 2025, the JD Cables IPO carried a ₹30 grey market premium, indicating trading at ₹182, compared to the issue price of ₹152.