- Summary
- The Johnsoncab Electricals IPO is a book-building SME IPO, scheduled to open on 30 October 2026 and close on 3 November 2026.
- The tentative listing of the IPO shares is fixed on 6 November 2026 on the BSE SME platform.
- The price of the share is between ₹190 and ₹200 per share, with a minimum application of 2 lots (1,200 shares).
The Johnsoncab Electricals IPO is a book-building public IPO that is scheduled to open on 30th October 2026 and close on 3rd November 2026. The company plans to issue 28,00,800 shares at a price band of ₹190 to ₹200 per share, with a face value of ₹10 per share. The lot size is 600 shares, and retail investors must apply for at least two lots, or 1,200 shares. At the upper price band, the minimum investment is ₹2,40,000. The tentative allotment date is 4th November 2026, and the shares are scheduled to list on the BSE SME platform on 6th November 2026.
Johnsoncab Electricals IPO Key Details
The table below presents the essential details investors should know before applying for the Johnsoncab Electricals IPO.
| IPO Open Date | 30 October 2026 |
| Close Date | 3 November 2026 |
| Face value | ₹10 per share |
| Issue Price Band | ₹190-₹200 per share |
| IPO Lot Size | 600 shares |
| Fresh issue | 28,00,800 shares |
| Offer for Sale | _ |
| Type of issue | SME book-building |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | ₹56 crores approx |
| Minimum Investment | 2 lots (1,200 shares) |
Johnsoncab Electricals IPO Timeline
Below is the complete schedule of events for the Johnsoncab Electricals IPO.
| Bid Opening | 30 October 2026 |
| Bid Closing | 3 November 2026 |
| Tentative Allotment | 4 November 2026 |
| Initiation of Refunds | 5 November 2026 |
| Credit of Shares to Demat | 5 November 2026 |
| Tentative Listing Date | 6 November 2026 |
| UPI mandate closing date | 3 November 2026 |
Key Performance Indicators of Johnsoncab Electricals IPO
These financial ratios highlight the company’s profitability, capital efficiency, and overall financial performance over the past three financial years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| ROE (%) | 58.75 | 47.27 | 32.93 |
| ROCE (%) | 39.68 | 32.56 | 19.89 |
| Debt Equity (in times) | 2.54 | 2.93 | 3.70 |
| RoNW (%) | 42.68 | 38.37 | 28.42 |
| PAT Margin (%) | 6.38 | 3.91 | 2.86 |
| EBITDA margin (%) | 11.43 | 8.68 | 6.14 |
| Price to book | 4.94 | _ | _ |
Johnsoncab Electricals IPO Financial Details
The Financial information of the Johnsoncab Electricals IPO is as follows.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 210.47 | 139.79 | 88.34 |
| Total Asset | 126.64 | 64.28 | 48.44 |
| Profit | 13.42 | 5.46 | 2.52 |
Johnsoncab Electricals IPO Subscription Status
| Date | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
| Oct 30 (Day 1) | 0 | 2.27 | 2.83 | 1.16 | 1.3 | 1.14 |
Johnsoncab Electricals IPO Grey Market Premium (GMP)
The current status of the Grey Market Premium for the Johnsoncab Electricals IPO shows a GMP of ₹13 with an estimated listing price of ₹213.
| GMP Date | GMP | Est. Listing Price on upper price-₹200.00 | Est. Profit* | Trend |
| 30-Oct 19:02 Sub: 1.14x O | ₹10 (5.00%) ▼ | ₹210 | ₹6,000 | Stable |
| 29-Oct 23:37 | ₹13 (6.50%) ▲ | ₹213 | ₹7,800 | Stable |
| 28-Oct 23:37 | ₹10 (5.00%) ─ | ₹210 | ₹6,000 | Initial |
GMP is the premium value of the IPO share in the unofficial market before it opens for subscription.
Johnsoncab Electricals IPO Reservation
The following table shows the distribution of shares reserved for retail investors, QIBs, and NIIs under the IPO.
| Investor Category | Offered No. of Shares | % of Net Shares | % of Total Shares |
| QIBs | 13,26,000 | 49.86 | 47.34 |
| NIIs | 4,00,200 | 15.05 | 14.29 |
| Retails | 9,33,000 | 35.09 | 33.31 |
| Market makers | 1,41,600 | 5.06 | |
| Total | 28,00,800 | 100 | 100 |
Johnsoncab Electricals IPO Lot Sizes
Refer to the minimum and maximum investment requirements for each investor category as per the prescribed lot size.
| Application | Lot | Shares | Amount in ₹ |
| Individual Investor (Min) | 2 | 1,200 | 2,40,000 |
| Individual Investor (Max) | 2 | 1,200 | 2,40,000 |
| sHNI (Min) | 3 | 1,800 | 3,60,000 |
| sHNI (Max) | 8 | 4,800 | 9,60,000 |
| bHNI (Min) | 9 | 5,400 | 10,80,000 |
Johnsoncab Electricals IPO Prospectus
Investors can access the offered prospectus for the Johnsoncab Electricals IPO mentioned below.
| DRHP |
| RHP |
| Drafted Abridged Prospectus |
About Johnsoncab Electricals Ltd.
Johnsoncab Electricals Limited was established as a partnership firm in 2012 and manufactures low-voltage wires and cables under the brand name JOHNSON CABLES. Its products include power cables, control cables, building wires, solar cables, welding cables and submersible cables. These products are used in buildings, industries, railways, renewable energy projects, and power transmission and distribution. The company operates two manufacturing units in Mehsana, Gujarat. It serves customers across various sectors that require electrical wiring and cable solutions.
Promoters:
- Chandreshkumar Shankerlal Patel
- Anjal Chandreshkumar Patel
- Bhavanaben Chandreshkumar Patel
| Book Runner | ISK Advisor Pvt. Ltd. |
| Issue Registrar | Maashitla Securities Pvt. Ltd. |
Objectives of Johnsoncab Electricals IPO
The company intends to deploy the funds raised through this public issue toward specific operational and strategic goals, as detailed in the table below.
| Particulars | Est. Amount in ₹ Crores |
| For funding of additional factory shed | 8.46 |
| For funding of new plant and machinery to increase production | 9.90 |
| For funding of new machinery to produce ‘Paper insulated copper/alluminium conductors’ | 8.50 |
| For funding towards purchasing and setting up solar panels | 3.23 |
| For funding working capital requirement | 14.00 |
| General corporate purposes | – |
| Total | – |
Johnsoncab Electricals Ltd.- Strengths and benefits
- Well-established business: The company has experience in cable manufacturing and holds relevant quality certifications, including ISO and BIS certifications. It also has vendor approvals that support its ability to supply products to eligible customers and participate in certain tenders.
- Range of electrical cables: Johnsoncab Electricals manufactures power cables, control cables, house wires, solar cables, welding cables and submersible flat cables. This allows it to serve different industries, including power, railways, renewable energy and construction.
- Revenue and profit growth: The revenue increased from ₹88.34 crore in FY2024 to ₹210.47 crore in FY2026. Its profit also grew from ₹2.52 crore to ₹13.42 crore during the same period. This shows that the company has grown its sales and profit over the last two years.
Johnsoncab Electricals Ltd- Risks and limitations
- Raw material costs: The company uses copper, aluminium, PVC and other materials to manufacture cables. It does not have long-term agreements with most of its raw material suppliers. Price increases or supply shortages could raise production costs and affect its profits.
- High debts: As of March 2026, it borrowed ₹79.88 crore, and the company’s debt-to-equity ratio has recorded 2.54, indicating that it relies heavily on loans to continue its business operations. Hence, settlement of these loans and their interest could put high pressure on the company’s finances.
- Customer concentration: Its top 10 customers contributed 66.24% of its revenue in FY2026. Losing one or more major customers could reduce its sales.
Johnsoncab Electricals IPO Review
Johnsoncab Electricals Ltd. is launching its SME IPO from 30 October to 3 November 2026. The issue comprises 28,00,800 fresh equity shares with a face value of ₹10 each and a price band of ₹190 to ₹200 per share. The total issue size is approximately ₹56 crore at the upper price band. The minimum application is two lots of 600 shares each, requiring an investment of ₹2,40,000 at the upper price band. The tentative allotment date is 4 November 2026, and the shares are scheduled to list on the BSE SME platform on 6 November 2026.
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Johnsoncab Electricals IPO FAQs
The Johnsoncab Electricals IPO is an SME public issue through which the company plans to raise approximately ₹56 crore by issuing 28,00,800 fresh equity shares. The price band is ₹190 to ₹200 per share.
Investors can apply through a broker or trading platform that supports SME IPO applications. They need to select the IPO, enter the number of lots, provide their UPI ID or use the available application method, and approve the payment mandate. The application must be completed within the issue period and in line with the applicable eligibility and application rules.
The IPO has some positive points, including rising revenue and profits, a range of electrical cable products, and plans to expand production. However, the company also faces risks from high debt, dependence on a few customers, fluctuating raw material prices and leased manufacturing premises. Investors should review these factors, the IPO valuation and their own risk tolerance before deciding whether to apply.
The Johnsoncab Electricals IPO is scheduled to open on 30 October 2026 and close on 3 November 2026.
The lot size is 600 shares. Retail investors must apply for at least two lots, or 1,200 shares.
The tentative allotment date is 4 November 2026.
The shares are tentatively scheduled to list on the BSE SME platform on 6 November 2026.
