The counter hit a high of Rs 240 and a low of Rs 226.65. About 14.17 lakh shares changed hands on the BSE.
Johnsoncab Electricals' IPO was subscribed 22.20 times. The IPO opened for subscription on 30 October 2026 and closed on 3 November 2026. The issue comprised a fresh issue of 28.01 lakh equity shares. The price band was Rs 190 to Rs 200 per share.
The company raised Rs 15.90 crore from anchor investors on 29 October 2026 through the allocation of 7.95 lakh shares.
The company proposes to utilise Rs 8.46 crore for constructing an additional factory shed, Rs 9.90 crore for purchasing plant and machinery to increase production capacity, Rs 8.50 crore for machinery to manufacture paper-insulated copper and aluminium conductors, Rs 3.23 crore for setting up a rooftop solar power plant and Rs 14 crore towards additional working capital requirements. The remaining proceeds will be used for general corporate purposes.
Following the IPO, promoter and promoter group shareholding declined to 73.50% from 100% before the issue.
Incorporated on 12 November 2020, Johnsoncab Electricals manufactures low-voltage wires and cables rated up to 1.1 kV and markets its products under the brand name Johnson Cables. Its portfolio includes control cables, power cables, industrial single-core and multicore cables, house and building wires, welding cables, solar and photovoltaic cables, and submersible flat cables. The products cater to power infrastructure, renewable energy, railways and industrial applications. The company holds ISO and BIS certifications.
The company operates two manufacturing units in Mehsana, Gujarat, with a combined annual installed capacity of 79,950 kilometres as of FY2026. Its facilities are equipped for wire drawing, annealing, bunching, insulation, extrusion, testing and packaging. Johnsoncab Electricals serves government entities and private-sector customers through direct orders, tender participation and vendor approval processes. It had 193 employees as of 30 September 2026.
Financially, Johnsoncab Electricals reported total income of Rs 211.34 crore in FY2026, up 50.96% from Rs 140 crore in FY2025. Profit after tax rose 145.79% to Rs 13.42 crore from Rs 5.46 crore, while EBITDA increased 98.19% to Rs 24.06 crore from Rs 12.14 crore. Total borrowings stood at Rs 79.88 crore as of 31 March 2026, compared with Rs 41.79 crore a year earlier.
For the five months ended 31 August 2026, the company reported total income of Rs 113.33 crore, profit after tax of Rs 8.63 crore and EBITDA of Rs 15.32 crore. Total borrowings stood at Rs 77.57 crore as of that date.