JD Cables IPO Subscription Status

JD Cables IPO saw exceptional demand, being subscribed 127.78 times overall on its final day of bidding, which closed at 5:00 PM on 22 September 2025.

• Qualified Institutional Buyers (QIB): 125.44x
• Non-Institutional Investors (NII): 179.28x
• Retail Individual Investors (RII): 106.89x

By the end of the issue, the company had received bids for 53,91,13,600 shares against just 42,19,200 shares on offer, underscoring strong investor interest.

Daily Subscription Trend:

• Day 3 (Final Day): 127.78x
• Day 2: 8.78x
• Day 1: 3.15x

About JD Cables Limited

Founded in 2015, JD Cables Limited specializes in the manufacturing of cables and conductors that serve the power transmission and distribution sector.

Its 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 benefits from experienced promoters, a strong market presence, and robust demand across industries. It emphasizes sustainability, employing eco-friendly manufacturing processes to reduce environmental impact while maintaining high quality, reliability, and efficiency.

JD Cables continues to invest in technology upgrades and capacity expansion to meet the growing need for reliable transmission solutions in both domestic and export markets.

Financial Highlights

• Revenue: ₹250.70 crores in FY2025, up from ₹100.85 crores in FY2024
• Net Profit: ₹22.15 crores in FY2025, compared to ₹4.58 crores in FY2024
• Growth Drivers: Increased infrastructure projects and rising demand for power cables across industrial and residential segments have contributed to this significant growth.

Grey Market Premium (GMP)

As of Monday, 22 September 2025, the JD Cables IPO GMP stood at ₹40, indicating that shares were trading in the grey market at ₹192, representing a ₹40 premium over the issue price of ₹152.

Analysts suggest that the strong subscription numbers and healthy financial performance reflect positive investor sentiment and potential for long-term value creation.