Johnsoncab Electricals IPO Day 2: Subscribed 1.94x; NII Demand at 2.40x
Key Highlights
Johnsoncab Electricals IPO (₹40 crore SME IPO) was subscribed 1.94x on Day 2 of 3, with NII at 2.40x. See category-wise subscription and day-wise bids.
Last updated: Mon, Nov 2, 2026, 10:30 PM IST · SME · · Day 2 of 3
- Johnsoncab Electricals IPO subscribed 1.94x overall on Day 2, up from 1.06x on Day 1
- Total bids: 38,88,000 shares against 20,05,800 shares on offer
- Category-wise: 0.99x, 2.40x, 2.21x
- Price band: ₹190 to ₹200 per share
- The issue closes on Tue, Nov 3, 2026
The Johnsoncab Electricals IPO reached a subscription multiple of 1.94x on day 2 of 3 trading days as of Mon, Nov 2, 2026, 10:30 PM IST. The total number of shares bid for reached 38,88,000 against 20,05,800 shares offered.
The NII category recorded the highest interest at 2.40x. The overall subscription multiple increased from 1.06x on day 1 to 1.94x on day 2.
Johnsoncab Electricals IPO Status: Day 2
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 |
| Day 2 | Mon, Nov 2, 2026 | 38,88,000 | 77.76 | 1.94x |
Category-wise subscription
| Category | Shares offered | Day 1 bids | Day 1 (x) | Day 2 bids | Day 2 (x) |
|---|---|---|---|---|---|
| QIB | 5,31,000 | — | — | 5,25,000 | 0.99x |
| NII | 5,41,200 | 9,08,400 | 1.68x | 12,97,800 | 2.40x |
| of which individual NII | — | 7,34,400 | — | 10,87,200 | — |
| of which corporate NII | — | 1,41,600 | — | 1,75,800 | — |
| of which other NII | — | 32,400 | — | 34,800 | — |
| Retail | 9,33,600 | 12,18,000 | 1.30x | 20,65,200 | 2.21x |
| Total | 20,05,800 | 21,26,400 | 1.06x | 38,88,000 | 1.94x |
The NII category, which includes non-institutional investors bidding above ₹2 lakh, led the demand at 2.40x. Retail investors subscribed 2.21x, while QIBs, or qualified institutional buyers, reached 0.99x. The day-on-day increase in total bids from 21,26,400 to 38,88,000 reflects participation across both retail and NII segments.
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 | 20,05,800 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 such as power infrastructure, renewable energy, and railways. As per the DRHP, the company markets its products under the “Johnson” brand and operates two manufacturing units in Mehsana, Gujarat, with a combined annual capacity of 79,950 KMs. The company serves both private and government customers, earning revenue through the sale of products including power cables, housing wires, and special-purpose cables. Originally established as a partnership firm in 2012, it converted into a public limited company in 2025.
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 to ₹2,104.74 crore in FY 2025-26 from ₹1,397.91 crore in FY 2024-25. Profit after tax rose to ₹134.20 crore in FY 2025-26 from ₹54.64 crore in FY 2024-25. The margin reached 6.38% in FY 2025-26, compared to 3.91% in FY 2024-25.
Objects of the Issue
| Purpose | Amount (₹ crore) |
|---|---|
| (i) Construction of additional Factory Shed for expansion | 8.46 |
| a) Purchase of additional plant & machinery for increasing the production capacity | 9.90 |
| b) Purchase new machinery to manufacture “Paper Insulated Copper / Aluminium Conductors” | 8.50 |
| 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 dependence on a few customers, where the loss of any could adversely affect financial performance, as noted in the DRHP.
- The company lacks long-term agreements with raw material suppliers and faces price volatility in commodities like copper and aluminum, which may impact operations.
- 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 Mon, Nov 2, 2026, 10:30 PM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.