Johnsoncab Electricals IPO is a BSE SME book-building issue of ₹56.02 crore, consisting entirely of a fresh issue of 28,00,800 equity shares. The IPO is scheduled to open for subscription on October 30, 2026, and close on November 3, 2026. The price band is ₹190 to ₹200 per share, with a lot size of 600 shares. The company’s equity shares are proposed to be listed on the BSE SME platform on November 6, 2026.
The issue proceeds are intended to support the company’s manufacturing expansion, purchase of plant and machinery, development of a new product manufacturing line, rooftop solar power installation, additional working capital requirements and general corporate purposes. Since the IPO is entirely a fresh issue, the proceeds will go to the company, subject to the final issue terms and applicable expenses.
Johnsoncab Electricals Limited manufactures low-voltage wires and cables under the JOHNSON CABLES brand. Its products serve power infrastructure, transmission and distribution, renewable energy, railways, building wiring and industrial applications. Investors should assess the company’s financial performance, debt levels, proposed expansion, valuation and industry risks before making an investment decision.
Table of Contents
IPO Details Information
| IPO Details | Information |
|---|---|
| IPO Name | Johnsoncab Electricals IPO |
| Company Name | Johnsoncab Electricals Limited |
| IPO Type | Book Building Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 per equity share |
| Price Band | ₹190 to ₹200 per share |
| Issue Size | ₹56.02 crore |
| Fresh Issue | 28,00,800 equity shares |
| Offer for Sale | Nil |
| IPO Open Date | October 30, 2026 |
| IPO Close Date | November 3, 2026 |
| Anchor Investor Bidding | 29 October 2026 |
| Basis of Allotment | November 4, 2026 |
| Refund Initiation | November 5, 2026 |
| Shares Credited to Demat Account | November 5, 2026 |
| Listing Date | November 6, 2026 |
| Listing Exchange | BSE SME |
| Lot Size | 600 shares |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Book Running Lead Manager | ISK Advisors Pvt. Ltd. |
The company proposes to utilise the net proceeds from the fresh issue for capital expenditure, manufacturing expansion, a rooftop solar power plant, working capital and general corporate purposes. The issue does not include an Offer for Sale.
Johnsoncab Electricals IPO Dates
| IPO Event | Date |
|---|---|
| IPO Opening Date | October 30, 2026 |
| IPO Closing Date | November 3, 2026 |
| Basis of Allotment | November 4, 2026 |
| Refund Initiation | November 5, 2026 |
| Shares Credited to Demat Account | November 5, 2026 |
| Listing Date | November 6, 2026 |
After the basis of allotment is finalised, successful applicants are expected to receive shares in their demat accounts before trading begins on the BSE SME platform.
Johnsoncab Electricals IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% of the offer |
| Retail Individual Investors (RII) | Not less than 35% of the offer |
| Non-Institutional Investors (NII) | Not less than 15% of the offer |
The final allocation will depend on the offer terms and valid applications received in each investor category.
Johnsoncab Electricals IPO Lot Size
Investors can apply for a minimum of 1,200 shares, equivalent to two lots of 600 shares, and in multiples of 600 shares thereafter. The application amounts below are calculated at the upper price band of ₹200 per share.
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 1,200 | ₹2,40,000 |
| Retail Maximum | 1,200 | ₹2,40,000 |
| S-HNI Minimum | 1,800 | ₹3,60,000 |
| S-HNI Maximum | 4,800 | ₹9,60,000 |
| B-HNI Minimum | 5,400 | ₹10,80,000 |
Johnsoncab Electricals IPO GMP History
The Johnsoncab Electricals IPO GMP is ₹8 as of 6 November 2026. At the upper issue price of ₹200 per share, the estimated listing price is ₹208, indicating an estimated gain of 4.00%.
Johnsoncab Electricals IPO GMP History (Day-Wise)
| Date | GMP (₹) | Estimated Listing Price (₹) | Estimated Gain (%) |
|---|---|---|---|
| 6 November 2026 | 8 | 208 | 4.00% |
| 5 November 2026 | 8 | 208 | 4.00% |
| 4 November 2026 | 8 | 208 | 4.00% |
| 3 November 2026 | 8 | 208 | 4.00% |
| 2 November 2026 | 10 | 210 | 5.00% |
| 1 November 2026 | 5 | 205 | 2.50% |
| 31 October 2026 | 5 | 205 | 2.50% |
| 30 October 2026 | 10 | 210 | 5.00% |
| 29 October 2026 | 13 | 213 | 6.50% |
| 28 October 2026 | 10 | 210 | 5.00% |
| 27 October 2026 | 0 | 200 | 0.00% |
About Johnsoncab Electricals Limited
Johnsoncab Electricals Limited was incorporated in November 2020 and is engaged in manufacturing low-voltage wires and cables up to 1.1 kV. The company sells its products under the JOHNSON CABLES brand and caters to applications in power infrastructure, transmission and distribution, renewable energy, railways, construction and industrial sectors.
Its product portfolio includes control cables, power cables, industrial single-core and multicore control cables, housing and building wires, welding cables, solar and photovoltaic cables, and submersible flat cables. This range allows the company to serve multiple end-use applications rather than depending on a single cable category.
The company operates two manufacturing facilities in Mehsana, Gujarat. Their combined installed capacity was 79,950 kilometres per annum as of Fiscal 2026. The facilities use processes and equipment for wire drawing, annealing, bunching, insulation, extrusion, testing and packaging.
Johnsoncab Electricals serves customers through direct orders, tender participation and vendor approval processes. Its products are supported by reported ISO and BIS certifications. As of March 31, 2026, the company had 167 employees across production, operations, quality assurance, sales, marketing, supply chain, finance and administration.
Business Operations
Johnsoncab Electricals manufactures wires and cables for several electrical and infrastructure applications.
- Power and Control Cables: Products designed for electrical power transmission, distribution, control and industrial applications.
- Building Wires: Wires used in residential, commercial and building electrical installations.
- Industrial Cables: Single-core and multicore control cables for industrial systems and equipment.
- Solar and Photovoltaic Cables: Products intended for solar power installations and renewable energy applications.
- Welding Cables: Cables used in welding equipment and related applications.
- Submersible Flat Cables: Cables used in applications involving submersible pumps and associated electrical equipment.
- Manufacturing and Quality Processes: Production includes wire drawing, annealing, bunching, insulation, extrusion, testing and packaging.
- Sales Channels: The company serves customers through direct orders, tenders and vendor approval processes, including private-sector and government customers.
Industry Overview
Demand for electrical wires and cables is linked to electricity transmission and distribution, construction, industrial development, renewable energy projects, railway infrastructure and broader capital expenditure. Growth in power infrastructure and electrification can create opportunities for manufacturers that can meet technical requirements, quality standards and delivery schedules.
Solar power installations and industrial expansion also require electrical cabling products suited to their operating environments. Manufacturers with diversified product portfolios and suitable manufacturing capacity may be positioned to address demand from multiple end-use sectors.
However, the wires and cables industry is competitive and can be affected by changes in the prices of copper, aluminium and other inputs, production costs, tender pricing, customer concentration and working capital requirements. Companies must also maintain product quality, meet applicable standards and manage capacity expansion efficiently. Investors should consider these factors when evaluating Johnsoncab Electricals’ prospects.
Business Strategy
Johnsoncab Electricals’ stated issue objects indicate a strategy focused on increasing manufacturing capacity and broadening its product capabilities. The proposed construction of an additional factory shed and purchase of additional plant and machinery are intended to support production expansion.
The company also plans to acquire machinery for manufacturing paper-insulated copper and aluminium conductors. This investment may broaden its manufacturing capabilities, subject to successful installation, commissioning, product qualification and market demand. The proposed rooftop solar power plant is intended to support the company’s energy requirements.
In addition, the company plans to use part of the issue proceeds for working capital. Effective working capital management will remain important as the business grows, particularly because manufacturing, inventory, customer credit and tender-related activities can require significant funds.
Johnsoncab Electricals IPO Financial Information
A company’s financial performance helps investors evaluate its growth, profitability, asset base and borrowing levels. The following restated standalone figures were provided for the financial years ended March 31, 2024, 2025 and 2026.
Johnsoncab Electricals Financial Summary
Amount in ₹ crore.
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Assets | 48.44 | 64.28 | 126.64 |
| Total Income | 88.95 | 140.00 | 211.34 |
| EBITDA | 5.42 | 12.14 | 24.06 |
| Profit After Tax (PAT) | 2.52 | 5.46 | 13.42 |
| Net Worth | 8.88 | 14.24 | 31.44 |
| Reserves and Surplus | 5.88 | 11.24 | 23.67 |
| Total Borrowing | 32.81 | 41.79 | 79.88 |
Johnsoncab Electricals reported an increase of approximately 51% in total income and 146% in profit after tax between FY2025 and FY2026, based on the supplied figures. Total income increased from ₹140.00 crore to ₹211.34 crore, while PAT rose from ₹5.46 crore to ₹13.42 crore.
The company’s assets and net worth also increased during FY2026. At the same time, total borrowings rose from ₹41.79 crore in FY2025 to ₹79.88 crore in FY2026. Investors should assess whether future earnings and operating cash flows can support the company’s borrowing obligations and planned expansion.
Johnsoncab Electricals IPO Key Performance Indicators (KPIs)
Key performance indicators help investors review profitability, capital efficiency, leverage and per-share financial measures.
| KPI | March 31, 2026 |
|---|---|
| Return on Equity (ROE) | 58.75% |
| Return on Capital Employed (ROCE) | 39.68% |
| Debt/Equity | 2.54 |
| Return on Net Worth (RoNW) | 42.68% |
| PAT Margin | 6.38% |
| EBITDA Margin | 11.43% |
| Net Asset Value (NAV) | ₹40.47 |
| Price-to-Book (P/B) | 4.94x |
The supplied figures indicate strong reported return ratios alongside a debt-to-equity ratio of 2.54. Investors should consider the company’s debt levels, cash flows, profitability and capital requirements together rather than relying on any single ratio.
Johnsoncab Electricals IPO Valuation
| Valuation Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS (₹) | 17.27 | 12.69 |
| P/E (x) | 11.58 | 15.76 |
| Market Capitalisation at Offer Price | ₹155.40 crore | ₹211.42 crore |
The supplied valuation figures show a post-issue P/E of 15.76x and a market capitalisation of ₹211.42 crore. At the upper price band of ₹200, the reported post-issue market capitalisation is ₹211.42 crore. Investors should compare the valuation with the company’s earnings, leverage, business risks and peer performance.
Objects of the Johnsoncab Electricals IPO
The company intends to utilise the net proceeds from the fresh issue for manufacturing expansion, additional machinery, renewable energy infrastructure, working capital and general corporate purposes.
- Construction of an additional factory shed for expansion: ₹7.89 crore.
- Purchase of additional plant and machinery to increase production capacity: ₹9.90 crore.
- Purchase of new machinery to manufacture paper-insulated copper and aluminium conductors: ₹6.89 crore.
- Purchase and setup of a rooftop solar power plant: ₹3.23 crore.
- Additional working capital requirements: ₹14.00 crore.
- General corporate purposes: Amount not specified in the supplied information.
The specified amounts total ₹41.91 crore before the allocation for general corporate purposes. This subtotal should not be treated as the final allocation of the entire issue proceeds without confirming the final offer document. Since the IPO is entirely a fresh issue, the proceeds are intended for the company and there is no Offer for Sale component.
Johnsoncab Electricals IPO Listing Performance
Listing performance will become available after the company’s shares begin trading on the BSE SME platform.
| Particular | Value |
|---|---|
| Listing Exchange | BSE SME |
| Tentative Listing Date | November 6, 2026 |
| Price Band | ₹190 to ₹200 per share |
| Final Issue Price | ₹200 |
| Listing Price | ₹238.50 |
| Listing Gain | ₹38.50 per share |
| Listing Gain (%) | 19.25% |
Johnsoncab Electricals IPO Subscription Status
The Johnsoncab Electricals IPO was subscribed 23.82 times overall on the final day of bidding, 3 November 2026. The category-wise subscription details are as follows:
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 20.19x |
| Non-Institutional Investors (NII) | 42.27x |
| Retail Individual Investors (RII) | 17.98x |
| Total Subscription | 23.82x |
The IPO received strong demand from investors, with the NII category recording the highest subscription at 42.27 times, followed by QIB at 20.19 times and retail investors at 17.98 times.
Johnsoncab Electricals IPO Review
Johnsoncab Electricals operates in the wires and cables segment, supplying products for power infrastructure, building wiring, industrial applications, railways and renewable energy. Its product range and two manufacturing facilities in Mehsana provide a base from which it plans to expand its production capabilities.
The company reported growth in total income from ₹140.00 crore in FY2025 to ₹211.34 crore in FY2026. PAT increased from ₹5.46 crore to ₹13.42 crore over the same period. These results indicate improved reported profitability, although investors should also examine cash flows, the sustainability of margins and the effect of higher borrowings.
The IPO proposes investments in a factory shed, production machinery, machinery for paper-insulated conductors and a rooftop solar plant. These plans may support future capacity and product expansion, but their benefits will depend on execution, utilisation, customer demand and cost management.
Risks include competition, input-price volatility, tender-related pricing pressure, working capital needs and the company’s borrowing level. The issue is priced at ₹190–₹200 per share, with supplied post-issue EPS of ₹12.69 and post-issue P/E of 15.76x. Investors should review the final offer documents and assess the valuation alongside the company’s financial performance and risk factors before applying.
Johnsoncab Electricals IPO Strengths
- Growth in total income and profit after tax in FY2026 compared with FY2025.
- Diversified portfolio of low-voltage wires and cables.
- Two manufacturing facilities in Mehsana, Gujarat.
- Combined installed capacity of 79,950 kilometres per annum as of FY2026.
- Exposure to power infrastructure, industrial, railway and renewable energy applications.
- Proposed capital expenditure to expand production capacity and add manufacturing capabilities.
- Ability to serve private-sector and government customers through direct orders and tenders.
- Reported ISO and BIS certifications supporting quality and product compliance.
Johnsoncab Electricals IPO Risk Factors
- The company operates in a competitive wires and cables market.
- Copper, aluminium and other input-price changes may affect production costs and margins.
- Total borrowings increased to ₹79.88 crore in FY2026, making leverage and debt servicing important considerations.
- Planned capacity expansion and new product manufacturing require timely execution and sufficient demand.
- Tender-based business may involve competitive pricing and project-related risks.
- Working capital requirements may increase as sales and manufacturing scale up.
- The company’s future performance depends on maintaining product quality and relevant approvals.
- Actual subscription and listing performance remain unknown before the IPO concludes and shares are listed.
Johnsoncab Electricals IPO Promoters
Johnsoncab Electricals Limited is promoted by Chandreshkumar Shankerlal Patel, Anjal Chandreshkumar Patel and Bhavanaben Chandreshkumar Patel. The promoters’ shareholding is reported at 100% before the issue and 73.5% after the issue.
Johnsoncab Electricals IPO Promoters Details:
| Promoter | Designation |
|---|---|
| Chandreshkumar Shankerlal Patel | Promoter |
| Anjal Chandreshkumar Patel | Promoter |
| Bhavanaben Chandreshkumar Patel | Promoter |
Johnsoncab Electricals IPO Management Team
The supplied information identifies the company’s promoters but does not provide a separate management-team list with individual designations. Specific management names and roles should be added only after confirmation from the company’s offer documents.
| Name | Designation |
|---|---|
| Not provided | To be updated from the offer document |
Johnsoncab Electricals IPO Registrar Details
The registrar manages IPO applications, the basis of allotment, refunds, share credit and investor-related processing.
| Particular | Details |
|---|---|
| Registrar Name | Maashitla Securities Pvt. Ltd. |
| Website | https://maashitla.com/ |
| IPO Allotment Status | To be updated |
| Email ID | [email protected] |
| Contact Number | 011-45121795 |
Johnsoncab Electricals IPO Lead Manager Details
The book running lead manager is responsible for managing the issue process and coordinating the related activities.
| Particular | Details |
|---|---|
| Lead Manager | ISK Advisors Pvt. Ltd. |
Johnsoncab Electricals Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Johnsoncab Electricals Limited |
| Registered Office | Survey No. 930, Jagudan Char Rasta, Mehsana-Ahmedabad Highway, At Linch, Jagudan, Mehsana, Gujarat 382710 |
| Website | Not provided |
| Email ID | [email protected] |
| Contact Number | 96387 54022 |
How to Check Johnsoncab Electricals IPO Allotment Status
Investors can check the allotment status after the basis of allotment is finalised. The expected allotment date is November 4, 2026. Use the registrar’s official IPO allotment service or the BSE IPO platform once the issue is available there.
Through Maashitla Securities Pvt. Ltd.
- Visit the registrar’s official website at https://maashitla.com/.
- Find the IPO allotment or investor services section.
- Select Johnsoncab Electricals IPO if it appears in the list.
- Enter the requested application details, such as PAN or application number, where supported.
- Submit the details to view the allotment result.
Through BSE
- Visit the official BSE website.
- Open the IPO allotment or investor application status service.
- Select Johnsoncab Electricals IPO if available.
- Enter the requested application or PAN details.
- Submit the information to check the result.
Johnsoncab Electricals IPO Conclusion
Johnsoncab Electricals IPO offers an opportunity to invest in a manufacturer of low-voltage wires and cables with exposure to infrastructure, construction, industrial, railway and renewable energy applications. The company reported higher total income and PAT in FY2026 and plans to use the issue proceeds to expand manufacturing capacity, add machinery, install a rooftop solar power plant and meet working capital requirements.
Investors should also consider the company’s borrowing levels, competitive environment, input-price risks, working capital needs and the execution required to achieve the expected benefits from expansion. The IPO’s subscription data and actual listing performance will only be known as the process progresses.
Before applying, investors should review the final offer documents, financial statements, issue objects, valuation and risk disclosures in light of their own investment objectives and risk tolerance.
Johnsoncab Electricals IPO FAQs
What is Johnsoncab Electricals IPO?
Johnsoncab Electricals IPO is a BSE SME book-building issue of ₹56.02 crore, comprising a fresh issue of 28,00,800 equity shares.
What is the price band of Johnsoncab Electricals IPO?
The price band is ₹190 to ₹200 per equity share.
When will Johnsoncab Electricals IPO open and close?
The IPO is scheduled to open on October 30, 2026, and close on November 3, 2026.
What is the lot size of Johnsoncab Electricals IPO?
The lot size is 600 shares. The minimum retail application is 1,200 shares, requiring ₹2,40,000 at the upper price band.
When is Johnsoncab Electricals IPO allotment expected?
The basis of allotment is expected to be finalised on November 4, 2026.
When will Johnsoncab Electricals IPO list?
The tentative listing date is November 6, 2026, on the BSE SME platform.
Who is the registrar of Johnsoncab Electricals IPO?
Maashitla Securities Pvt. Ltd. is the registrar to the issue.
Who is the lead manager of Johnsoncab Electricals IPO?
ISK Advisors Pvt. Ltd. is the book running lead manager.
What are the objects of Johnsoncab Electricals IPO?
The proceeds are intended for a factory shed, additional production machinery, machinery for paper-insulated copper and aluminium conductors, a rooftop solar power plant, working capital and general corporate purposes.
What does Johnsoncab Electricals Limited do?
The company manufactures low-voltage wires and cables under the JOHNSON CABLES brand for infrastructure, building, industrial, railway and renewable energy applications.
