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  1. JD Cables IPO subscribed 2.64x so far on day 1: What we know so far

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JD Cables IPO subscribed 2.64x so far on day 1: What we know so far

Upstox

3 min read | Updated on September 18, 2025, 15:09 IST

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SUMMARY

JD Cables IPO: The ₹95.99 crore initial share sale, which will conclude on September 22, consists of a fresh issuance of shares valued at ₹84.41 crore and an offer for sale worth ₹11.58 crore by promoter Piyush Garodia, according to the red herring prospectus.

JD Cables manufactures high-quality cables and conductors that serve the power transmission and distribution sector. | Image: jdcables.in

JD Cables manufactures high-quality cables and conductors that serve the power transmission and distribution sector. | Image: jdcables.in

JD Cables IPO: The initial public offering of cables and conductors JD Cables has been subscribed 2.64 times so far on the first day of bidding on Thursday, September 18. The price band has been set at ₹144 to ₹152 per share.

The initial share sale has fetched bids for 1,19,62,400 shares compared to 45,35,200 shares on offer, as per the BSE data until 3:07 pm.

The portion for non-institutional investors (NIIs) was subscribed 70%, while the quota for individual investors got subscribed 1.17 times. The Qualified Institutional Buyers (QIBs) portion received 7.20 times subscription.

The ₹95.99 crore IPO, which will conclude on September 22, consists of a fresh issuance of shares valued at ₹84.41 crore and an offer for sale worth ₹11.58 crore by promoter Piyush Garodia, according to the red herring prospectus.

The money generated will be utilised for funding working capital requirements, repayment of debt and corporate general purposes.

JD Cables IPO: Lot size

A lot consists of 800 shares. The minimum investment for an individual investor is two lots or 1,600 shares.

JD Cables IPO timeline: Allotment and listing dates

  • Finalisation of basis of allotment: September 23
  • Refund initiation: September 24
  • Credit of equity shares to Demat: September 24
  • Listing on NSE and BSE: September 25

Incorporated in 2015, West Bengal-based JD Cables manufactures high-quality cables and conductors that serve the power transmission and distribution sector.

Its product portfolio includes control cables, power cables, single-core service wires, aerial bunched cables, and an array of conductors. As of August 5, 2025, the order book of the company stands at ₹294.09 crore.

GYR Capital Advisors is the only book-running lead manager of the IPO, while MUFG Intime India serves as the registrar.

JD Cables IPO latest GMP

The unlisted shares of JD Cables Ltd are trading at ₹190 per share, reflecting a grey market premium (GMP) of 25% over the upper price band of ₹152, according to investorgain.com and media reports.

Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.

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