JOHNSON ELECTRICALS IPO
JOHNSON ELECTRICALS is a SME IPO with a current status of LISTED. The price band is 190 - 200. The issue opens on 30 OCT and closes on 03 NOV. The listing date is 06 NOV.
Price Band
190 - 200
Unofficial GMP
₹8
Lot Size
1,200 shares
Minimum Investment
₹2,40,000
JOHNSON ELECTRICALS IPO GMP
The latest available GMP is ₹8. Grey Market Premium is unofficial, may change frequently and does not guarantee the listing price, listing gains or investment returns.
Estimated Listing Price
₹208.00
Estimated Gain
+4.0%
JOHNSON ELECTRICALS IPO GMP History
05
01 NOV
10
02 NOV
8
03 NOV
8
05 NOV
8
06 NOV
JOHNSON ELECTRICALS IPO Details
- IPO Type
- SME
- Status
- LISTED
- Price Band
- 190 - 200
- Issue Size
- ₹56.02 Cr
- Issue Type
- Book Build Issue
- Fresh Issue
- ₹53.18 Cr
- Face Value
- 10
- Lot Size
- 1,200
- Minimum Investment
- 2,40,000
- Exchange
- BSE SME
- Registrar
- Maashitla Securities Pvt.Ltd.
- Lead Managers
- ISK Advisors Pvt.Ltd.
- Market Maker
- ₹2.83 Cr
JOHNSON ELECTRICALS IPO Dates
- Open Date
- 30 OCT
- Close Date
- 03 NOV
- Allotment Date
- 04 NOV
- Refund Date
- 05 NOV
- Demat Credit Date
- 05 NOV
- Listing Date
- 06 NOV
JOHNSON ELECTRICALS IPO Subscription
- QIB
- 20.19x
- NII / HNI
- 42.27x
- Retail
- 17.98x
- Employee
- --
- Total Subscription
- 23.82x
JOHNSON ELECTRICALS IPO Financials
Revenue
FY2026
₹211.34 Cr
+50.96% vs FY2025
PAT
FY2026
₹13.42 Cr
+145.79% vs FY2025
Total Assets
FY2026
₹127.00 Cr
+97.57% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 88.95 | 140.00 | 211.34 |
| Net Profit | 2.52 | 5.46 | 13.42 |
| Total Assets | 48.44 | 64.28 | 127 |
JOHNSON ELECTRICALS IPO Valuation
- Market Cap (Post IPO)
- ₹211.42 Cr.
- EPS
- ₹19.60
- P/E Ratio
- 10.20x
- Price to Book Value
- 3.88x
- Industry P/E
- 18.38x
- ROE
- 24.14%
- ROCE
- 21.55%
- RONW
- 21.54%
- Debt / Equity
- 1.94
- PAT Margin
- 7.64%
- EBITDA Margin
- 13.55%
- Valuation
- FAIR
JOHNSON ELECTRICALS Peer Comparison
| Peer | Revenue | PAT | EPS | P/E | ROE | RONW | Debt / Equity |
|---|---|---|---|---|---|---|---|
| JD Cables Ltd | ₹364.59 Cr | ₹31.72 Cr | ₹14.07 | 11.56x | -- | 21.70% | 0.39 |
| Prime Cable Industries | ₹234.88 Cr | ₹12.24 Cr | ₹6.68 | 25.45x | -- | 20.14% | 0.85 |
| Susan Electricals India | ₹269.36 Cr | ₹18.25 Cr | ₹11.96 | 18.14x | -- | 47.42% | 1.73 |
JOHNSON ELECTRICALS IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 2 | 1,200 | ₹2,40,000 |
| Retail Maximum | 2 | 1,200 | ₹2,40,000 |
| Small HNI | 3 | 1,800 | ₹3,60,000 |
| Big HNI | 9 | 5,400 | ₹10,80,000 |
JOHNSON ELECTRICALS IPO Reservation
- QIB
- 49.86%
- NII / HNI
- 15.03%
- Retail
- 35.11%
JOHNSON ELECTRICALS Promoter Holding and Anchor Allocation
- Pre-IPO Promoter Holding
- 100%
- Post-IPO Promoter Holding
- 73.50%
JOHNSON ELECTRICALS Company Overview
Johnsoncab Electricals Limited is an Indian manufacturer of low-voltage wires and cables up to 1.1 kV, operating under the brand name "JOHNSON CABLES". The company manufactures a diversified range of electrical products used in power transmission and distribution, renewable energy, railways, infrastructure, construction, agriculture and industrial applications. Its product portfolio includes power cables, control cables, industrial single-core and multicore cables, housing and building wires, solar photovoltaic cables, welding cables and submersible flat cables. The company operates two manufacturing facilities in Mehsana, Gujarat, with a combined installed annual manufacturing capacity of 79,950 kilometres as of FY2026. Its manufacturing capabilities include wire drawing, annealing, bunching, insulation, extrusion, testing and packaging. The company supplies products to both private-sector customers and government entities through direct orders, tenders, vendor approvals and distribution channels. Johnsoncab also holds an Indian patent for its three-core double-insulated flat cable technology used in submersible pump applications. The company aims to expand its production capacity, strengthen its product portfolio and benefit from increasing demand for electrical cables driven by infrastructure development, renewable energy and power distribution investments.
JOHNSON ELECTRICALS Business Model
**Core Business: Electrical Wires and Cables Manufacturing** **1. Power Cables** - Low Voltage Power Cables - Industrial Power Cables - Single Core and Multicore Power Cables **2. Control Cables** - Industrial Control Cables - Single Core Control Cables - Multicore Control Cables **3. Building Wires** - Housing Wires - Building Electrical Wires - Industrial Wiring Products **4. Special Purpose Cables** - Solar / Photovoltaic Cables - Submersible Flat Cables - Welding Cables **5. Emerging Product Segment** - Paper-insulated Copper Conductors - Paper-insulated Aluminium Conductors **End-user Industries** - Power Transmission and Distribution - Renewable Energy - Railways - Construction - Agriculture - Industrial Infrastructure
JOHNSON ELECTRICALS Objects of the Issue
IPO Fund Utilisation Amount Additional Factory Shed ₹8.46 Cr Additional Plant & Machinery ₹9.90 Cr Paper-insulated Copper/Aluminium Conductor Machinery ₹8.50 Cr Rooftop Solar Power Plant ₹3.23 Cr Additional Working Capital ₹14.00 Cr General Corporate Purposes & Issue Expenses ₹11.93 Cr Total ₹56.02 Cr
JOHNSON ELECTRICALS Strengths
1. Established Brand: The company manufactures and sells products under the JOHNSON CABLES brand. 2. Consistent Revenue Growth: Revenue from operations increased from ₹88.34 crore in FY2024 to ₹210.47 crore in FY2026. 3. Strong Profit Growth: PAT increased from ₹2.52 crore in FY2024 to ₹13.42 crore in FY2026. 4. Manufacturing Infrastructure: Two manufacturing facilities in Mehsana, Gujarat, with combined installed capacity of 79,950 kilometres annually. 5. Diversified Product Portfolio: Presence in power cables, control cables, building wires, solar cables, welding cables and submersible cables. 6. Patent-backed Technology: Indian patent for three-core double-insulated flat submersible cables. 7. Government and Private Customers: Supplies to government entities, public-sector buyers and private-sector customers. 8. Industry Growth Opportunity: Increasing demand for cables from renewable energy, railway infrastructure, electrification and power distribution projects. 9. Quality Certifications: ISO and BIS certifications support product quality and compliance.
JOHNSON ELECTRICALS Risks
1. High Debt: Total borrowings increased to ₹79.88 crore as of FY2026, creating significant financial leverage. 2. Negative Operating Cash Flow: Profitability may not translate into sufficient operating cash generation. 3. Raw Material Price Volatility: Copper, aluminium, PVC and XLPE price fluctuations can affect manufacturing costs and profit margins. 4. Supplier Dependency: The company does not have long-term agreements with most raw material suppliers. 5. Customer Concentration: Top 10 customers contributed approximately 66.24% of FY2026 revenue. 6. Working Capital Requirement: The cable manufacturing business requires substantial inventory, receivables and operating capital. 7. Geographic Concentration: Manufacturing operations are concentrated in Gujarat, while a significant share of revenue comes from selected geographical regions. 8. Leased Manufacturing Facilities: Registered office and manufacturing facilities operate on leased premises, creating lease-renewal and continuity risks. 9. Labour Dependency: Manufacturing operations depend on skilled and contract employees, creating labour availability and attrition risks. 10. Expansion Execution Risk: New machinery, factory expansion and paper-insulated conductor manufacturing plans may face delays, cost overruns or lower-than-expected utilisation.
JOHNSON ELECTRICALS Frequently Asked Questions
What is the JOHNSON ELECTRICALS IPO price band?
The JOHNSON ELECTRICALS IPO price band is 190 - 200.
What is the latest JOHNSON ELECTRICALS IPO GMP?
The latest available JOHNSON ELECTRICALS IPO GMP in the IPOWEB database is ₹8. GMP is unofficial and does not guarantee a listing gain.
When does the JOHNSON ELECTRICALS IPO open and close?
The JOHNSON ELECTRICALS IPO opens on 30 OCT and closes on 03 NOV.
When is the JOHNSON ELECTRICALS IPO allotment date?
The JOHNSON ELECTRICALS IPO allotment date is 04 NOV.
When is the JOHNSON ELECTRICALS IPO listing date?
The JOHNSON ELECTRICALS IPO listing date is 06 NOV.
What is the JOHNSON ELECTRICALS IPO subscription?
The latest total subscription available for the JOHNSON ELECTRICALS IPO is 23.82x.