JD Cables IPO Subscription Status

The JD Cables IPO witnessed robust investor demand, recording an overall subscription of 8.78 times by 5:00 PM on 19 September 2025, its second day of bidding.

• Qualified Institutional Buyers (QIBs): 7.20x
• Non-Institutional Investors (NIIs): 8.00x
• Retail Individual Investors (RIIs): 10.00x

By the end of Day 2, the company had received 3,70,31,200 bids for only 42,19,200 shares on offer, highlighting strong oversubscription.

• Day 2 subscription: 8.78x
• Day 1 subscription: 3.15x

This upward trend signals increasing confidence from both institutional and retail investors.

Company Overview

JD Cables Limited, established in 2015, specializes in manufacturing a comprehensive range of cables and conductors for the power transmission and distribution sector. Its extensive product portfolio includes:

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

The company prides itself on delivering high-quality, reliable products that serve industries such as utilities, infrastructure, and renewable energy. A strong market presence and a growing client base underline JD Cables’ reputation for efficiency and dependability.

The promoters bring deep industry expertise, playing a critical role in scaling operations and maintaining rigorous quality standards. JD Cables also emphasizes sustainability, integrating eco-friendly manufacturing practices to minimize its environmental impact—an increasingly important factor for modern infrastructure projects.

Financial Highlights

• Revenue: ₹250.70 crores (FY 2025) vs. ₹100.85 crores (FY 2024)
• Net Profit: ₹22.15 crores (FY 2025) vs. ₹4.58 crores (FY 2024)

The company delivered significant year-on-year growth, with revenue more than doubling and profits increasing nearly five-fold. This sharp rise demonstrates strong execution, robust demand, and an expanding customer base.

Grey Market Premium (GMP)

As of Friday, 19 September 2025, the JD Cables IPO Grey Market Premium stood at ₹40, implying an estimated listing price of around ₹192 compared to the issue price of ₹152—a premium of roughly 26%. This positive GMP suggests a healthy listing gain expectation among market participants.