Minimum Investment
About Company
Company Name: Johnsoncab Electricals Limited
Industry / Sector: Electricals / Wires & Cables
Founded Year: November 2020 (originally a partnership firm M/s. Johnson Cables since February 2012)
Promoters: Chandreshkumar Shankerlal Patel, Anjal Chandreshkumar Patel, Bhavanaben Chandreshkumar Patel
Johnsoncab Electricals Limited, incorporated in November 2020, originated as a partnership firm named M/s. Johnson Cables in February 2012. The company manufactures low-voltage wires and cables rated up to 1.1 kV under the brand name 'JOHNSON CABLES', catering to power infrastructure, renewable energy, railways, and industrial applications. Its product portfolio includes control cables, power cables, industrial single-core and multicore cables, house and building wires, welding cables, solar/photovoltaic cables, and submersible flat cables. The company holds ISO and BIS certifications for product quality and compliance. It operates two manufacturing units in Mehsana, Gujarat, with a combined annual installed capacity of 79,950 kilometres as of Fiscal 2026. The facilities are equipped with machinery for wire drawing, annealing, bunching, insulation, extrusion, testing, and packaging. The company serves both government entities and private-sector customers through direct orders, tender participation, and vendor approval processes. Revenue from operations increased from ₹88.34 crore in Fiscal 2024 to ₹210.47 crore in Fiscal 2026. As of September 30, 2026, the company had 193 employees.
IPO Basic Details
| Company Name | Johnsoncab Electricals Limited |
| IPO Type | SME IPO |
| Price Band | ₹190 – ₹200 |
| Lot Size | 600 Shares |
| Total Issue Size | 28,00,800 Equity Shares (₹56.02 Cr) |
IPO Strengths & Risks
Strengths
- Consistent growth in revenue from operations from ₹88.34 Cr (FY24) to ₹210.47 Cr (FY26)
- Continued investment in manufacturing infrastructure with two units in Mehsana, Gujarat
- Product innovation supported by intellectual property
- Ability to serve both government and private-sector customers
- Established vendor approvals and government tender eligibility
- ISO and BIS certifications for product quality and compliance
- Strong return ratios with ROE of 58.75% and ROCE of 39.68% in FY26
- Combined installed manufacturing capacity of 79,950 km per annum as of FY26
Risks
- High debt-to-equity ratio of 2.54 (FY26) and 1.94 (Aug 2026), which restricts financial flexibility
- Working capital intensive nature of operations
- Dependence on government tenders and private-sector orders
- Volatility in raw material prices (copper, aluminium)
- Intense competition in the fragmented wires and cables industry
- SME IPO with limited liquidity and smaller scale of operations
- Concentration risk among top customers and suppliers
IPO Important Dates
| IPO Open Date | 30 Oct 2026 |
| IPO Close Date | 03 Nov 2026 |
| Basis of Allotment | 04 Nov 2026 |
| Refund Initiation | 05 Nov 2026 |
| Demat Credit Date | 05 Nov 2026 |
| Listing Date | 06 Nov 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – -
Investor Reservation
| QIB Quota | 49.86% of the Net Issue (13,26,000 shares) |
| Retail Quota | 35.11% of the Net Issue (9,33,600 shares) |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lots | 1,200 | ₹2,40,000 (at upper band) |
| Retail Maximum | 2 Lots | 1,200 | ₹2,40,000 (at upper band) |
| S-HNI Minimum | 3 Lots | 1,800 | ₹3,60,000 (at upper band) |
| S-HNI Maximum | 8 Lots | 4,800 | ₹9,60,000 (at upper band) |
| B-HNI Minimum | 9 Lots | 5,400 | ₹10,80,000 (at upper band) |
Key Performance Indicators (KPI)
| ROE | 58.75% (FY26), 24.14% (Aug 2026) |
| ROCE | 39.68% (FY26), 21.55% (Aug 2026) |
| RoNW | - |
| PAT Margin | 6.38% (FY26), 7.64% (Aug 2026) |
| EBITDA Margin | 11.43% (FY26), 13.55% (Aug 2026) |
| EPS | ₹17.27 (Pre-IPO), ₹19.60 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 2.54 (FY26), 1.94 (Aug 2026) |
| P/E Ratio | 11.58 (Pre-IPO), 10.2 (Post-IPO) |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| Aug 31, 2026 (8 months) | ₹132.07 Cr | ₹113.33 Cr | ₹8.63 Cr | ₹15.32 Cr | ₹40.08 Cr | ₹77.57 Cr |
| FY2026 (Mar 31, 2026) | ₹126.64 Cr | ₹211.34 Cr | ₹13.42 Cr | ₹24.06 Cr | ₹31.44 Cr | ₹79.88 Cr |
| FY2025 (Mar 31, 2025) | ₹64.28 Cr | ₹140.00 Cr | ₹5.46 Cr | ₹12.14 Cr | ₹14.24 Cr | ₹41.79 Cr |
| FY2024 (Mar 31, 2024) | ₹48.44 Cr | ₹88.95 Cr | ₹2.52 Cr | ₹5.42 Cr | ₹8.88 Cr | ₹32.81 Cr |
Grey Market Premium
| GMP Price | ₹10 (as of 02 Nov 2026, 09:00 PM) |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | 02 Nov 2026 |
| Estimated Listing Price | ₹210 (approx. 5.00% premium over upper price band) |
IPO Subscription Data
| Total Subscription | 2.01x (Day 2, Nov 02, 2026, 5:05 PM) |
| QIB (Ex Anchor) | 0.99x |
| HNI Subscription | 2.89x |
| Retail Subscription | 2.21x |
| Anchor | - |
IPO Intermediaries
Registrar: Maashitla Securities Private Limited
Registrar Website: https://www.maashitla.com
IPO Lead Manager(s)
Company Information
Address: Survey No. 930, Jagudan Char Rasta, At Linch, Jagudan, Mehsana, Gujarat, 382710
Website: https://www.johnsoncables.com
Email: office@johnsoncables.com
Phone: 96387 54022
IPO Documents
Frequently Asked Questions (FAQ)
Explore More Investment Opportunities
Discover IPOs, unlisted shares, and broker comparison tools curated for smart investors.