JD Cables Ltd Logo

JD Cables Ltd IPO

NSELot: 800

LISTEDSME
Issue Price152
Listing160
Current183
Price Band
144 - ₹152
Lot Size
800
Issue Size
₹95.99 Cr
GMP
0
Subscription
3.15x

IPO Schedule

1
Open
18 Sept
2
Close
22 Sept
3
Allotment
23 Sept
4
Listing
25 Sept

About JD Cables Ltd

JD Cables Ltd is an SME engaged in the manufacturing and supply of cables. The company focuses on a range of cable products catering to various industrial and infrastructural needs.

Subscription Status

QIB
7.20x
NII
1.24x
Retail
1.68x
CategoryDay 3Day 2Day 1
QIB125.44x7.20x7.20x
NII179.28x8.00x1.24x
Retail106.89x10.00x1.68x
Total127.78x8.78x3.15x

Risk Factors

SME IPOs are generally more volatile and carry higher risk compared to mainboard IPOs.
Dependence on raw material prices, which are subject to fluctuations.
Competition from larger and more established players in the cable industry.

Promoters & Management

The management team of JD Cables Limited is led by Mr. Piyush Garodia, the Promoter, Chairman, and Managing Director, who has over 10 years of experience in the business. He is responsible for overall management, financing, marketing, and office administration. Mr. Rajesh Jhunjhunwala, the Whole Time Director, has been associated with the Company since 2023 and has an experience of around 27 years. He is responsible for Marketing of Company Business. The Non-Executive Independent Director, Mr. Ganga Sharan Pandey, has over 29 years of experience and is associated with several other companies. The Non-Executive Independent Director, Mrs. Twinkle Pandey, has 09 years of experience in Accounting and Secretarial Compliances. The Non-Executive Non-Independent Director, Mr. Pratik Kumar Ganeriwala, has an overall experience of over 25 years in the business of electrics. Mr. Hemant Kumar Choradia is the Chief Financial Officer and Mrs. Swati Mittal is the Company Secretary and Compliance Officer.