JD Cables IPO Opens September 18: Strong Growth Story, SME Listing Risks

JD Cables IPO Details • IPO Dates: Opens September 18, closes September 22. • Price Band: ₹144–₹152 per share. • Fund Raise: About ₹95.99 crore. • New Shares: 55.53 lakh; Offer for Sale (OFS): 7.61 lakh by promoter. • Listing: BSE SME platform on September 25. • Anchor Book: September 17 (for big institutional investors). Company Background • Started in 2015, based in West Bengal. • Makes wires, cables, and conductors in two factories (Howrah & Hooghly). • Products sold under the “Jaydee” brand. Use of IPO Money • ₹45 crore for working capital (daily business needs). • ₹26 crore for repaying loans. • Remaining for general purposes. • Current secured borrowings: ₹41.6 crore (as of March 2025). Financial Performance • Revenue grew from ₹100.8 crore (FY24) to ₹250.5 crore (FY25). • Profit jumped from ₹4.6 crore to ₹22.2 crore (383.7% rise). • Shows strong recent growth. Positives of this IPO • Strong growth in sales and profit. • Debt repayment plan improves financial health. • Expanding demand for cables and wires in India. • Long-standing brand with established manufacturing setup. Risks • Listed on BSE SME – usually less liquid and more volatile than main exchanges. • Business depends on infrastructure and power sector demand – any slowdown may hurt. • High growth is recent – needs to be consistent in future. • Borrowings are still sizeable even after repayment. Takeaway JD Cables IPO looks promising because of strong financial growth and clear plans to use IPO money. But being on SME platform, it carries higher risk and volatility. Suitable for investors who understand SME IPOs and can handle short-term ups and downs.