Johnsoncab Electricals IPO Day 1: Subscribed 1.06x; NII Demand at 1.68x
Key Highlights
Johnsoncab Electricals IPO (₹40 crore SME IPO) was subscribed 1.06x on Day 1 of 3, with NII at 1.68x. See category-wise subscription and day-wise bids.
Last updated: Fri, Oct 30, 2026, 10:30 PM IST · SME · · Day 1 of 3
- Johnsoncab Electricals IPO subscribed 1.06x overall on Day 1
- Total bids: 21,26,400 shares against 20,05,800 shares on offer
- Category-wise: —, 1.68x, 1.30x
- Price band: ₹190 to ₹200 per share
- The issue closes on Tue, Nov 3, 2026
The Johnsoncab Electricals IPO reached a subscription multiple of 1.06x on day 1 of 3 trading days as of 10:30 PM IST on October 30, 2026. The subscription multiple represents the total number of shares bid for divided by the total number of shares offered. The non-institutional investors (NII), which are investors bidding above ₹2 lakh, emerged as the most-bid category at 1.68x. Retail investors recorded a subscription of 1.30x on the first day.
Johnsoncab Electricals IPO Status: Day 1
Day-wise subscription
| Day | Date | Total bids (shares) | Bid value at upper band (₹ crore) | Subscribed (x) |
|---|---|---|---|---|
| Day 1 | Fri, Oct 30, 2026 | 21,26,400 | 42.53 | 1.06x |
Category-wise subscription
| Category | Shares offered | Day 1 bids | Day 1 (x) |
|---|---|---|---|
| QIB | 5,31,000 | — | — |
| NII | 5,41,200 | 9,08,400 | 1.68x |
| of which individual NII | — | 7,34,400 | — |
| of which corporate NII | — | 1,41,600 | — |
| of which other NII | — | 32,400 | — |
| Retail | 9,33,600 | 12,18,000 | 1.30x |
| Total | 20,05,800 | 21,26,400 | 1.06x |
The subscription data shows that both the NII and retail categories bid for more than their respective quotas on the first day. NIIs placed 9,08,400 bids against 5,41,200 shares offered, while retail investors placed 12,18,000 bids against 9,33,600 shares offered. The qualified institutional buyers (QIB), which are institutional investors like banks and mutual funds, did not place any bids against their quota of 5,31,000 shares.
Johnsoncab Electricals IPO Offer Details
| Field | Value |
|---|---|
| IPO date | Fri, Oct 30, 2026 to Tue, Nov 3, 2026 |
| Listing date | To be announced |
| Face value | ₹10 per share |
| Price band | ₹190 to ₹200 per share |
| Lot size | 1,200 shares |
| Total issue size | 28,00,800 shares (₹40 crore) |
| Listing at | BSE |
| Lead managers | ISK Advisors Pvt Ltd. |
| Maashitla Securities Pvt Ltd. |
About Johnsoncab Electricals
Johnsoncab Electricals Ltd. manufactures low voltage wires and cables for sectors including power infrastructure, renewable energy, railways, and industrial applications. As per the DRHP, the company markets its products under the Johnson brand and serves both private and government customers. Originally established as a partnership firm in 2012, it was converted into a public limited company in 2025. The company operates two manufacturing units in Mehsana, Gujarat, with a combined annual capacity of 79,950 KMs. Its product portfolio includes power cables, industrial control cables, building wires, and special-purpose cables like solar and welding cables.
Johnsoncab Electricals Financial Highlights
| Metric | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| from operations (₹ crore) | 2,104.74 | 1,397.91 | 883.39 |
| Total income (₹ crore) | 2,113.42 | 1,400.00 | 889.52 |
| Profit after tax (₹ crore) | 134.20 | 54.64 | 25.23 |
| Net worth (₹ crore) | 314.42 | 142.43 | 88.77 |
| Total borrowings (₹ crore) | 501.50 | 212.33 | 129.01 |
Revenue from operations grew from ₹1,397.91 crore in FY 2024-25 to ₹2,104.74 crore in FY 2025-26. Profit after tax rose from ₹54.64 crore in FY 2024-25 to ₹134.20 crore in FY 2025-26. The margin increased from 3.91% in FY 2024-25 to 6.38% in FY 2025-26.
Objects of the Issue
| Purpose | Amount (₹ crore) |
|---|---|
| (i) Construction of additional Factory Shed for expansion | 7.89 |
| a) Purchase of additional plant & machinery for increasing the production capacity | 9.90 |
| b) Purchase new machinery to manufacture “Paper Insulated Copper / Aluminium Conductors” | 6.89 |
| c) Purchase and set up a rooftop solar power plant | 3.23 |
| Additional Requirement | 14.00 |
Risk Factors as per the DRHP
- The company faces risks from the lack of long-term agreements with raw material suppliers and price volatility in commodities like copper and aluminum, which are essential for production.
- There is a dependence on a few customers, and the loss of any of these key clients could adversely affect the financial performance of the company.
- While there are no current outstanding legal proceedings, the company notes that potential future litigation could divert management time and financial resources.
How to Check Johnsoncab Electricals IPO Subscription Status
Live bidding figures are published by BSE while the issue is open. Once it closes, allotment status is published by the registrar, Maashitla Securities Pvt Ltd..
This article is for information only and is not investment advice. Subscription figures are based on exchange data as of Fri, Oct 30, 2026, 10:30 PM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.