Johnsoncab Electricals IPO: Price Band, Dates, Financial Analysis & Investment Review
An extensive breakdown of Johnsoncab Electricals Limited's ₹56.02 Crore initial public offering, examining market valuation, balance sheet health, growth strategy, and key operational metrics.
Executive Snapshot
Johnsoncab Electricals Limited is entering the primary market with a fresh capital issue of ₹56.02 Crores. Operating out of Gujarat, the manufacturer produces low-voltage cables up to 1.1 kV under the brand name "JOHNSON CABLES". The public offering is slated to open for bidding from October 30, 2026, through November 3, 2026, priced between ₹190 and ₹200 per equity share.
IPO Event Schedule & Progress Bar
Key Offer Details & Issue Structure
Corporate Profile & Core Operations
Incorporated in November 2020, Johnsoncab Electricals Limited has rapidly established itself as a key manufacturer of low-voltage wires and cables rated up to 1.1 kV. Operating under the flagship brand name “JOHNSON CABLES”, the company addresses the demanding infrastructural requirements of power transmission, distribution networks, renewable energy developments, railway electrification, and general industrial sectors.
The business operates two manufacturing plants situated in Mehsana, Gujarat. Together, these facilities command an aggregate production capacity of 79,950 kilometers per annum as of Fiscal 2026. Their operational setup covers the full manufacturing spectrum—including rod drawing, annealing, wire bunching, insulation extrusion, quality testing, and automated packaging.
Key Product Portfolio Range:
- Power & Control Cables: Heavy-duty cables designed for reliable energy distribution in commercial and industrial infrastructure.
- Building Wires & Domestic Wires: High-safety single and multicore control wires tailored for modern residential and corporate structures.
- Renewable Energy Cables: Dedicated solar/photovoltaic cables engineered to withstand environmental stresses.
- Specialized Industrial Cables: Heavy-duty welding cables and submersible flat cables built for rigorous field use.
Lot Size Breakdown & Minimum Investment Requirements
Retail investors are required to apply for a minimum of 2 lots (1,200 equity shares), while Non-Institutional/HNI categories are split into High-Net-Worth tiers as detailed below:
Net Offer Reservation Structure
Financial Performance & Growth Analysis
Johnsoncab Electricals Limited has logged robust operational growth over the past three fiscal cycles. Total revenues scaled from ₹88.95 Cr in FY24 to ₹211.34 Cr in FY26, representing a 2-year growth trajectory driven by capacity expansion and market reach.
Operational Ratios & Issue Valuation
Use of Net IPO Proceeds
The net proceeds from the fresh capital issue (estimated around ₹41.91 Crores after market-making allocations and issue expenses) are proposed to be deployed towards specific expansion goals:
Strategic SWOT Assessment
Strengths
- Consistently rising revenue path (51% revenue jump in FY26).
- Diverse product portfolio across low-voltage segments.
- ISO & BIS quality certifications enabling institutional orders.
- Established eligibility for government tenders & vendor approvals.
Weaknesses
- High financial leverage with Debt-to-Equity standing at 2.54.
- Working-capital intensive operations requiring constant liquidity.
- Geographic concentration in Gujarat facilities.
Opportunities
- Surging government spending on power distribution & solar grid expansions.
- Entry into high-margin Paper Insulated Copper/Aluminium Conductors.
- Cost benefits from the planned rooftop solar power plant.
Threats
- Volatility in copper and aluminum raw material prices.
- Stiff competition from established listed mainboard wire & cable peers.
- Potential delay in institutional payment realization cycles.
Promoter Background & Shareholding Pattern
The Promoters of Johnsoncab Electricals Limited are Chandreshkumar Shankerlal Patel, Anjal Chandreshkumar Patel, and Bhavanaben Chandreshkumar Patel.
Key IPO Intermediaries & Contact Information
Lead Manager to the Issue
ISK Advisors Private Limited
Responsible for managing book building and capital structure execution for the offering.
Registrar to the Issue
Maashitla Securities Private Limited
Phone: 011-45121795
Email: contact@maashitla.com
Company Registered Office
Johnsoncab Electricals Limited
Survey No. 930, Jagudan Char Rasta, Mehsana-Ahmedabad Highway, At Linch, Jagudan, Mehsana, Gujarat - 382710, India.
Contact Phone: +91 96387 54022
Email Support: office@johnsoncables.com
Frequently Asked Questions (FAQs)
1. When will the Johnsoncab Electricals IPO open and close?
The public issue opens for bidding on Friday, October 30, 2026, and closes on Tuesday, November 3, 2026.
2. What is the minimum capital required for retail investors?
The minimum lot size is set at 2 lots (1,200 shares). At the top end of the price band (₹200), retail investors require ₹2,40,000 to apply.
3. How can investors submit applications for this IPO?
Applications can be submitted via ASBA through your internet banking portal or by utilizing UPI payment links offered by registered stockbrokers.
4. What is the expected listing exchange?
The equity shares are proposed to list on the BSE SME exchange platform on the tentative listing date of Friday, November 6, 2026.
Analytical Overview
Johnsoncab Electricals has demonstrated substantial top-line and bottom-line expansion, backed by return ratios such as an ROE of 58.75%. The fresh issue proceeds aim directly at capacity expansion and vertical integration. However, prospective investors should weigh these operational positives against the company's notable financial leverage (Debt-to-Equity ratio of 2.54) and working capital demands before bidding.