SME
IPO ·
BSE SME
Johnsoncab Electricals Ltd
Open
Makes low-voltage wires and cables under the JOHNSON CABLES brand from two plants in Mehsana, Gujarat.
Issue details
Price band
₹190 – ₹200
Face value
₹10
Lot size
600 shares
Minimum investment
₹2,40,000
Issue size
₹56.02 Cr
Fresh issue
₹56.02 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
30 Oct 2026
Closes
3 Nov 2026
UPI mandate cut-off
5:00 PM on 3 Nov 2026
Allotment
4 Nov 2026
Refunds
5 Nov 2026
Shares in demat
5 Nov 2026
Listing
6 Nov 2026
Subscription and listing
Subscription
Not open yet
Listing price
Not listed yet
Registrar
Maashitla Securities Pvt Ltd
Lead manager
ISK Advisors Pvt Ltd
Grey market premium
Latest GMP
₹13
Est. listing price
₹213 (+6.5%)
Updated
30 Oct 2026
Unofficial grey market indication sourced via Chittorgarh. GMP is not regulated, can change quickly and is not a reliable guide to listing price. Not a recommendation.
Issue structure
Shares reserved per category and share of the total issue
QIB
13,26,000
47.34%
Anchor Investor
7,95,000
28.38%
QIB (Ex. Anchor)
5,31,000
18.96%
NII
4,00,200
14.29%
bNII > ₹10L
2,66,800
9.53%
sNII < ₹10L
1,33,400
4.76%
Retail
9,33,000
33.31%
Market Maker
1,41,600
5.06%
Total
28,00,800
100.00%
Finaccle’s quick read
Avoid
Income up 51% and PAT up 146% in FY26, but debt/equity of 2.54 with borrowings of ₹79.88 Cr and a PAT margin of only 6.38%.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Johnsoncab Electricals makes low-voltage wires and cables up to 1.1 kV under the JOHNSON CABLES brand. It runs two plants in Mehsana, Gujarat, with capacity of 79,950 km a year, and sells to private companies and government bodies through orders and tenders. FY26 total income was ₹211.34 Cr with 167 employees.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
58.75%
ROCE
39.68%
Debt / equity
2.54
PAT margin
6.38%
P/E post issue
15.76x
Market cap
₹211.42 Cr
Use of IPO money
Factory shed construction for expansion
₹7.89 Cr
Additional plant and machinery for capacity
₹9.90 Cr
Machinery for paper insulated copper/aluminium conductors
₹6.89 Cr
Rooftop solar power plant
₹3.23 Cr
Additional working capital
₹14.00 Cr
General corporate purposes
—
Strengths
✓
Fast growth: FY26 income up 51%, PAT up 146%
✓
Mix of government and private customers
✓
Wide cable range with BIS and ISO certifications
✓
Entirely fresh issue funding capacity expansion
Risks to watch
!
High debt/equity of 2.54; borrowings ₹79.88 Cr
!
Thin PAT margin of 6.38%
!
PAT more than doubled in the year before the IPO
!
Commodity copper and aluminium price exposure
!
Company incorporated only in 2020
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.