Johnsoncab Electricals IPO: Listing Price, Share Price Today, Listing Gains and Review

Johnsoncab Electricals IPO overview

Data as of 31 October 2026, 14:00 IST (bidding closes Tuesday, 3 November). Confirmed = red herring prospectus (RHP), SEBI or exchange notice. Reported = media or broker summaries of the RHP. Calculated = our arithmetic. Unofficial = grey-market quotes.

The Johnsoncab Electricals IPO is open on the BSE SME platform from 30 October to 3 November 2026 at a price band of ₹190 to ₹200 a share. One lot is 600 shares, and individual investors apply for two lots (1,200 shares), which costs ₹2,40,000 at the upper band. The ₹56.02 crore issue is entirely new shares. After day 1 it was about 1.1 times subscribed (Reported, BSE data via HDFC Sky and IPO Guru). At ₹200 the cable maker would be worth about ₹211 crore after the issue, roughly 16 times FY26 profit (Calculated). Allotment is due on 4 November and listing on 6 November.

Johnsoncab Electricals IPO subscription status and allotment

Final subscription and allotment update (3 November 2026): bidding closed on Tuesday, 3 November with the issue about 23.7 times subscribed (Confirmed, BSE SME data via HDFC Sky, 4:55 PM; Groww shows 21.99x). NIIs led at 42 times, with big-ticket NIIs at 50.5 times. Individual investors bid 17.74 times their quota, so roughly 1 in 18 minimum applications can expect shares (Calculated).

The basis of allotment is due on 4 November. Refunds and demat credit follow on 5 November, and the shares are expected to list on BSE SME on 6 November. Maashitla Securities is the registrar; see how to check allotment status below. Our earlier day-wise figures follow.

By the end of day 1 (30 October) the issue was about 1.1 times subscribed. HDFC Sky put it at 1.14x at 5:05 PM, with non-institutional investors at 2.27x and individual investors at 1.30x; IPO Guru showed 1.07x (both Reported, BSE data). Before bidding opened, anchor investors reportedly bought 7.95 lakh shares for ₹15.90 crore, mostly through alternative investment funds (Reported, single source). Bidding continues on Monday 2 November and closes on Tuesday 3 November.

Johnsoncab Electricals IPO details at a glance

What Johnsoncab Electricals does

Johnsoncab Electricals makes low-voltage wires and cables rated up to 1.1 kV under the JOHNSON CABLES brand. The range covers control, power and industrial multicore cables, house and building wires, welding cables, solar cables and submersible flat cables. Customers include power transmission and distribution projects, renewable energy developers, railways and industrial buyers. The company wins them through direct orders, government tenders and vendor approvals.

The company was incorporated in November 2020 and runs two plants in Mehsana, Gujarat, with a combined capacity of 79,950 km of cable a year in FY26 (Reported). It had 193 employees on 30 September 2026. The promoters, Chandreshkumar Shankerlal Patel, Anjal Chandreshkumar Patel and Bhavanaben Chandreshkumar Patel, own 100% before the issue and 73.5% after (two summaries agree).

Johnsoncab Electricals financials: revenue, profit and debt

Income more than doubled in two years, from ₹88.95 crore to ₹211.34 crore, and profit grew more than five times to ₹13.42 crore. The pace continued in the five months to August 2026: profit of ₹8.63 crore is already 64% of the whole of FY26. Margins are still thin, as is common for cable makers: net profit was about 6.4% of income in FY26 (Calculated).

The company funded that growth largely with debt. Borrowings almost doubled in FY26 to ₹79.88 crore, about 2.5 times net worth (Calculated). Cable makers carry large copper and aluminium inventories and wait to be paid on tenders, so working capital is the pressure point to watch.

Johnsoncab Electricals IPO valuation: what ₹200 a share implies

Net worth of ₹31.44 crore minus reserves of ₹23.67 crore implies share capital of ₹7.77 crore, or about 77.7 lakh shares before the issue (Calculated). With 28 lakh new shares, Johnsoncab would be worth about ₹211 crore at ₹200. That is about 15.8 times FY26 profit, or about 10 times the annualised profit of the five months to August (Calculated). Net worth after the issue would be roughly ₹87 crore, so the price is about 2.4 times book value. Existing holders are diluted by about 26%.

The lower multiple on recent profit depends on the five-month pace lasting a full year and on copper prices staying favourable.

How Johnsoncab Electricals will use the IPO money

Roughly half the money adds capacity and a new product line (paper-insulated conductors, used in transformers), and ₹14 crore goes to working capital. None of it goes to repaying debt, so borrowings stay high after listing unless profits pay them down.

Johnsoncab Electricals IPO GMP today

Two public trackers quoted ₹10 and ₹13 for Johnsoncab Electricals on 30 October (Unofficial). That would imply a listing around ₹210 to ₹213, about 5% to 6.5% above ₹200 (Calculated). SME grey-market quotes are thin and can move quickly. GMP is unregulated and not a forecast of the listing price; see our GMP vs listing price tracker.

Johnsoncab Electricals IPO lot size and minimum investment

Johnsoncab Electricals IPO review: strengths and risks

Strengths

• Fast growth: income up 2.4 times and profit up 5.3 times between FY24 and FY26.
• Momentum into FY27: five-month profit already 64% of FY26.
• Demand drivers: power, renewables and railway projects all use low-voltage cable.
• All new money and an anchor book: no offer for sale, and ₹15.90 crore of anchor demand was reported.

Risks

• High debt: borrowings about 2.5 times net worth, and none of the IPO money repays debt.
• Thin margins: about 6% net, so copper price swings can hit profit.
• Working-capital heavy: tenders and government buyers can pay late.
• Young company: incorporated in 2020.
• Competition: large listed cable makers dominate the market.
• SME liquidity: a ₹2,40,000 minimum and thin trading after listing.

Our Scouter Reading: 4,100, Charged

We score Johnsoncab Electricals at 4,200 out of 10,000 on our earlier v1 research scale, in the Charged band. Points for rapid growth, strong recent profits, a fresh-only issue and a reasonable price on the latest run-rate. Points against heavy borrowing, thin margins, exposure to metal prices and a short operating history. The Scouter Reading rates the research case on the information above; it is not a recommendation to apply or avoid.

How to check Johnsoncab Electricals IPO allotment status

The basis of allotment is expected on 4 November 2026. You can then check by PAN or application number on the registrar’s site, Maashitla Securities, or on the BSE allotment page. Refunds and demat credit are expected on 5 November, before listing on 6 November. Our allotment status guide covers each method.

What to watch before the issue closes

• Final-day demand on 3 November: day 1 was only about 1.1 times.
• Copper prices: they drive both costs and working-capital needs.
• Debt after listing: whether profits start to reduce the ₹78 crore of borrowings.
• Anchor lock-in: half the anchor shares reportedly stay locked until 4 December 2026 and the rest until 2 February 2027.

Other SME issues closing on 3 November: Maxwell Engineering Solutions, HGS (India) and Vectras Enprocon. See all live IPOs.

Johnsoncab Electricals IPO: frequently asked questions

Disclaimer: This article is for information and education only and is not investment advice or a recommendation to apply, buy or sell. Figures are from the RHP summaries and exchange data named in the text and may change; read the RHP before investing. SME shares can be thinly traded. GMP is unofficial.