Johnsoncab Electricals IPO
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 with no Offer for Sale. The price band is ₹190 to ₹200 per share, and the lot size is 600 shares. The IPO opens on
Johnsoncab Electricals IPO Details
Johnsoncab Electricals IPO bidding is scheduled to start on October 30, 2026, and end on November 3, 2026. The basis of allotment is expected to be finalised on November 4, 2026. Refund initiation and credit of shares to successful applicants’ demat accounts are scheduled for November 5, 2026. The shares are proposed to list on the BSE SME platform on November 6, 2026.
Johnsoncab Electricals IPO Timeline (Tentative)
Johnsoncab Electricals IPO is scheduled to open on October 30, 2026, and close on November 3, 2026. The basis of allotment is expected on November 4, 2026, followed by refund initiation and share credit on November 5, 2026. The tentative listing date is November 6, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Fri, Oct 30, 2026 |
| IPO Close Date | Tue, Nov 3, 2026 |
| Basis of Allotment | Wed, Nov 4, 2026 |
| Initiation of Refunds | Thu, Nov 5, 2026 |
| Credit of Shares to Demat | Thu, Nov 5, 2026 |
| Listing Date | Fri, Nov 6, 2026 |
Johnsoncab Electricals IPO Lot Size
The Johnsoncab Electricals IPO lot size is 600 shares. At the upper price band of ₹200 per share, retail investors must apply for a minimum of two lots, or 1,200 shares, requiring ₹2,40,000. The minimum S-HNI application is three lots, or 1,800 shares, amounting to ₹3,60,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | 2,40,000 |
| Retail (Max) | 2 | 1,200 | 2,40,000 |
| S-HNI (Min) | 3 | 1,800 | 3,60,000 |
| S-HNI (Max) | 8 | 4,800 | 9,60,000 |
| B-HNI (Min) | 9 | 5,400 | 10,80,000 |
Johnsoncab Electricals IPO Reservation
Johnsoncab Electricals IPO comprises 28,00,800 equity shares. The reservation for Qualified Institutional Buyers is not more than 50% of the offer, while the retail category is not less than 35% and the Non-Institutional Investor category is not less than 15%. The final allocation will be determined under the applicable issue terms.
Johnsoncab Electricals IPO Subscription
Johnsoncab Electricals IPO subscription data will be updated during the bidding period. Category-wise subscription figures and the final overall subscription are not yet available in the supplied information.
| Category | Subscription (times) |
|---|---|
| QIB | |
| NII | |
| RII | |
| Total |
About Johnsoncab Electricals
Johnsoncab Electricals Limited was incorporated in November 2020 and manufactures low-voltage wires and cables up to 1.1 kV under the JOHNSON CABLES brand. Its products cater to power infrastructure, transmission and distribution, renewable energy, railways, building wiring and industrial applications.
The company’s 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 serves a variety of electrical and industrial requirements.
Johnsoncab Electricals operates two manufacturing facilities in Mehsana, Gujarat, with combined installed capacity of 79,950 kilometres per annum as of Fiscal 2026. The facilities use machinery and processes for wire drawing, annealing, bunching, insulation, extrusion, testing and packaging.
The company supplies products through direct orders, tender participation and vendor approval processes. Its customer base includes private-sector and government entities. The company reports ISO and BIS certifications for its products and quality standards. As of March 31, 2026, it had 167 employees across production, operations, quality assurance, sales, marketing, supply chain, finance and administration.
Strengths
- Total income increased from ₹140.00 crore in FY2025 to ₹211.34 crore in FY2026.
- Profit after tax increased from ₹5.46 crore in FY2025 to ₹13.42 crore in FY2026.
- Diversified portfolio of low-voltage wires and cables.
- Two manufacturing facilities with a combined installed capacity of 79,950 kilometres per annum.
- Exposure to power infrastructure, renewable energy, railways, construction and industrial sectors.
- Proposed investment in additional manufacturing capacity and new product machinery.
- Ability to supply through direct orders, tenders and vendor approval processes.
- Reported ISO and BIS certifications.
Risks to Consider
- Competition in the wires and cables industry may place pressure on pricing and margins.
- Changes in copper, aluminium and other input prices may affect production costs.
- Total borrowings reached ₹79.88 crore in FY2026, making debt servicing and leverage important considerations.
- Expansion projects require capital, timely execution, commissioning and customer demand.
- Working capital requirements may rise as operations expand.
- Tender-based business can involve competitive pricing and project-related risks.
- Business performance may be affected by manufacturing costs, capacity utilisation and changes in demand.
Johnsoncab Electricals Financials (₹ Cr)
Johnsoncab Electricals reported growth in total income and profitability over the three financial years ended March 31, 2024, 2025 and 2026. Total income increased from ₹88.95 crore in FY2024 to ₹140.00 crore in FY2025 and ₹211.34 crore in FY2026. PAT increased from ₹2.52 crore in FY2024 to ₹5.46 crore in FY2025 and ₹13.42 crore in FY2026.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2024 | 88.95 | 2.52 | 48.44 | 8.88 |
| FY2025 | 140.00 | 5.46 | 64.28 | 14.24 |
| FY2026 | 211.34 | 13.42 | 126.64 | 31.44 |
KPIs & Valuation
Johnsoncab Electricals reported FY2026 ROE of 58.75%, ROCE of 39.68%, RoNW of 42.68% and EBITDA margin of 11.43%, based on the supplied figures. At the offer price band of ₹190 to ₹200, the provided valuation data shows pre-issue EPS of ₹17.27, post-issue EPS of ₹12.69 and post-issue P/E of 15.76x. Investors should also consider the company’s debt-to-equity ratio and borrowing levels.
Objects of the Issue
The Johnsoncab Electricals IPO is entirely a fresh issue of 28,00,800 equity shares. The company proposes to use the net proceeds to expand manufacturing infrastructure, purchase additional plant and machinery, develop manufacturing capability for paper-insulated copper and aluminium conductors, install a rooftop solar power plant, meet working capital requirements and fund general corporate purposes. The company proposes to utilise the IPO proceeds for:
- 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.
Promoters, Lead Managers & Registrar
Johnsoncab Electricals Limited is promoted by Chandreshkumar Shankerlal Patel, Anjal Chandreshkumar Patel and Bhavanaben Chandreshkumar Patel. ISK Advisors Pvt. Ltd. is the book running lead manager, and Maashitla Securities Pvt. Ltd. is the registrar to the issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Maashitla Securities Pvt. Ltd. |
|---|---|
| Phone | 011-45121795 |
| contact@maashitla.com | |
| Website | https://maashitla.com/ |
Johnsoncab Electricals IPO Review
Johnsoncab Electricals Limited operates in the low-voltage wires and cables segment, serving infrastructure, building, industrial, railway and renewable energy applications. Its diversified product portfolio and manufacturing facilities provide a base for the proposed capacity expansion. The company reported total income of ₹211.34 crore and PAT of ₹13.42 crore in FY2026, compared with total income of ₹140.00 crore and PAT of ₹5.46 crore in FY2025.
The IPO proceeds are intended to support the construction of an additional factory shed, purchase of production machinery, entry into manufacturing paper-insulated copper and aluminium conductors, installation of a rooftop solar power plant and additional working capital. If executed effectively and supported by demand, these investments may increase production capacity and broaden the company’s product capabilities.
Investors should also assess the company’s financial leverage and cash-flow requirements. Total borrowings increased to ₹79.88 crore in FY2026, while the supplied debt-to-equity ratio was 2.54. Competition, input-price volatility, tender pricing, working capital needs and expansion execution are relevant risks. At the upper price band of ₹200, the supplied post-issue P/E is 15.76x. Investors should evaluate this valuation alongside the company’s financial results, business risks and final offer documents before deciding whether to apply.
How to Apply
Johnsoncab Electricals IPO applications can generally be submitted through a broker or supported investment platform using the applicable ASBA or UPI process. The IPO is scheduled to open on October 30, 2026, and close on November 3, 2026. The minimum retail application is 1,200 shares, requiring ₹2,40,000 at the upper price band of ₹200 per share.
Through UPI
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Log in to your stockbroker app or website.
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Open the IPO section.
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Select Johnsoncab Electricals IPO when it becomes available.
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Enter the number of lots you want to apply for.
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Choose the bid price. Select the cut-off option if available and applicable.
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Enter your valid UPI ID.
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Submit the application.
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Open your UPI app when the mandate request arrives.
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Approve the mandate using your UPI PIN.
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The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released according to the applicable process.
Prospectus & Documents
Investors should refer to the company’s DRHP and final offer documents for detailed information about its business, financial performance, risk factors, IPO structure and proposed utilisation of the issue proceeds.
Last updated Oct 27, 2026.