Johnsoncab Electricals IPO Day 3: Subscribed 22.20x; NII Demand at 31.48x
Key Highlights
Johnsoncab Electricals IPO (₹40 crore SME IPO) was subscribed 22.20x on Day 3 of 3, with NII at 31.48x. See category-wise subscription and day-wise bids.
Last updated: Tue, Nov 3, 2026, 10:30 PM IST · SME · · Day 3 of 3
- Johnsoncab Electricals IPO subscribed 22.20x overall on Day 3, up from 1.94x on Day 2
- Total bids: 4,45,38,000 shares against 20,05,800 shares on offer
- Category-wise: 20.19x, 31.48x, 17.98x
- Price band: ₹190 to ₹200 per share
- The issue closes on Tue, Nov 3, 2026
The Johnsoncab Electricals IPO concluded its third and final day of bidding with an overall subscription multiple of 22.20x as of 10:30 PM IST on November 3, 2026. This represents a significant increase from the 1.94x subscription recorded at the end of the second day. The non-institutional investors (NII), representing bidders applying for more than ₹2 lakh, led the demand with a subscription of 31.48x.
Johnsoncab Electricals IPO Status: Day 3
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 |
| Day 3 | Tue, Nov 3, 2026 | 4,45,38,000 | 890.76 | 22.20x |
Category-wise subscription
| Category | Shares offered | Day 2 bids | Day 2 (x) | Day 3 bids | Day 3 (x) |
|---|---|---|---|---|---|
| QIB | 5,31,000 | 5,25,000 | 0.99x | 1,07,19,000 | 20.19x |
| NII | 5,41,200 | 12,97,800 | 2.40x | 1,70,34,600 | 31.48x |
| of which individual NII | — | 10,87,200 | — | 1,64,29,200 | — |
| of which corporate NII | — | 1,75,800 | — | 3,54,600 | — |
| of which other NII | — | 34,800 | — | 2,50,800 | — |
| Retail | 9,33,600 | 20,65,200 | 2.21x | 1,67,84,400 | 17.98x |
| Total | 20,05,800 | 38,88,000 | 1.94x | 4,45,38,000 | 22.20x |
All investor categories subscribed more than their allocated quotas by the end of the issue. The NII category recorded the highest interest at 31.48x, followed by qualified institutional buyers (QIB) at 20.19x. Retail investors, who represent individual bidders applying for up to ₹2 lakh, subscribed 17.98x. The total number of shares bid for reached 4,45,38,000 against the 20,05,800 shares offered.
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 power infrastructure, renewable energy, railways, and industrial applications. As per the DRHP, the company operates two manufacturing units in Mehsana, Gujarat, with a combined annual capacity of 79,950 KMs. It markets its products under the JOHNSON CABLES brand and serves both private and government customers. The company produces various items including power cables, building wires, and special-purpose cables like solar and welding cables. It holds ISO and BIS certifications for its manufacturing processes and was 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 from ₹1,397.91 crore in FY 2024-25 to ₹2,104.74 crore in FY 2025-26. Profit after tax increased from ₹54.64 crore in FY 2024-25 to ₹134.20 crore in FY 2025-26. The company reported a debt-to-equity ratio of 1.59x in FY 2025-26, with total borrowings rising to ₹501.50 crore.
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 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 major 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 Tue, Nov 3, 2026, 10:30 PM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.