| Price | 190 to 200 |
|---|---|
| GMP Rumors | ₹8 |
| Lot size | 600 |
| Issue size | ₹56.02 Cr |
| Allotment | 04-11-2026 |
| Refund | 05-11-2026 |
| Listing | 06-11-2026 |
| Stars |
★☆☆☆☆ |
| ISIN | INE1ZSR01011 |
| Allotment Status | Maashitla |
| Video |  |
BSE List Price : ₹
| Category | Times |
|---|---|
| QIBs | 20.19x |
| HNIs | 42.57x |
| Retail | 17.99x |
| Total : 23.89x | |
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 1,200 | ₹240,000 |
| Retail Maximum | 2 | 1,200 | ₹240,000 |
| S - HNI Minimum | 3 | 1,800 | ₹360,000 |
| S - HNI Maximum | 8 | 4,800 | ₹960,000 |
| B - HNI Minimum | 9 | 5,400 | ₹1,080,000 |
Johnsoncab Electricals Limited began in 2012 as a partnership firm, M/s. Johnson Cables. It was converted into a private limited company in 2020 and became a public limited company in December 2025. The company is based in Mehsana, Gujarat.
It manufactures low-voltage (up to 1.1 kV) wires and cables under the brand name "JOHNSON CABLES". Its products are used in power transmission and distribution, renewable energy, railways and a wide range of industrial applications.
The company runs two manufacturing units in Mehsana with a combined installed capacity of 79,950 km (FY 2025-26). The units have in-house facilities for wire drawing, annealing, stranding, insulation, armouring and testing, and its products carry ISO and BIS certifications. Johnsoncab sells to both government bodies (through tenders and vendor approvals) and private sector customers. Revenue from operations grew from Rs. 88.34 Cr in FY 2023-24 to Rs. 210.47 Cr in FY 2025-26.
Control cables
Power cables
Industrial single-core and multi-core control cables
Housing / building wires
Welding cables
Solar / photovoltaic (PV) cables
Submersible flat cables
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| Mar 2024 | ₹88.95 | ₹85.65 | ₹2.52 | ₹48.44 |
| Mar 2025 | ₹140.00 | ₹132.63 | ₹5.46 | ₹64.28 |
| Mar 2026 | ₹211.34 | ₹193.40 | ₹13.42 | ₹126.64 |
| Aug 2026 | ₹113.33 | ₹101.77 | ₹8.63 | ₹132.07 |
Chandreshkumar Shankerlal Patel
Anjal Chandreshkumar Patel
Bhavanaben Chandreshkumar Patel
Consistent growth: Total income increased from Rs. 88.95 Cr in FY 2023-24 to Rs. 211.34 Cr in FY 2025-26, and PAT rose from Rs. 2.52 Cr to Rs. 13.42 Cr over the same period.
Wide low-voltage product range: Control, power, building, welding, solar and submersible cables serve several end-use industries.
Government and private customers: Existing vendor approvals allow the company to take part in government tenders while also serving private buyers.
Continuous capacity investment: Plants have been upgraded with automatic and semi-automatic machinery to support higher output.
Certified quality: ISO and BIS certifications support acceptance by institutional customers.
Raw material risk: Most raw materials are bought on a short-term basis without long-term contracts; copper and aluminium price swings can hurt margins, as cost of goods sold was 85.12% of revenue in FY 2025-26.
Customer concentration: The top ten customers contributed 66.24% of revenue from operations in FY 2025-26.
High borrowings: Total borrowings were Rs. 79.88 Cr against a net worth of Rs. 31.44 Cr as of March 31, 2026.
Labour dependence: Operations are manpower-intensive, with employee attrition of 13.67%, 5.52% and 28.30% in FY 2025-26, FY 2024-25 and FY 2023-24.
Thin margins in a competitive market: The cables and wires industry has many organised and unorganised players; PAT margin was about 6.4% in FY 2025-26.
Construction of additional factory shed for expansion - Rs 8.46 Cr
Purchase of additional plant and machinery to increase production capacity - Rs 9.38 Cr (total cost Rs 9.90 Cr)
Purchase of new machinery to manufacture Paper Insulated Copper / Aluminium Conductors - Rs 7.33 Cr (total cost Rs 8.50 Cr)
Purchase and set-up of a rooftop solar power plant - Rs 3.23 Cr
Additional working capital requirement - Rs 14.00 Cr
General Corporate Purposes
Johnsoncab Electricals Ltd.
Survey No. 930, Jagudan Char Rasta
Mehsana-Ahmedabad Highway
At Linch, Jagudan
Mehsana, Gujarat, 382710
Phone: +91 96387 54022
Email: office@johnsoncables.com
Website: https://www.johnsoncables.com/
Maashitla Securities Pvt. Ltd.
Phone: 011-45121795
Email: contact@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues