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News Details

27/10/2026 18:00

Johnsoncab Electric. announces launch of initial public offering

Johnsoncab Electricals Ltd. has announced public offering of 2800800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 190.00 per share. The gross proceeds of the issue are expected to be Rs 5,601.60 lakhs.

The company's initial public offer (IPO) will open on 30 October 2026 and is expected to close on 03 November 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 190.00-200.00 per share.

The IPO includes a fresh Issue of 2800800 Equity Shares of the Company at an price of Rs 200.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 600 shares with bids in multiples of 600.

Johnsoncab Electricals Ltd. anticipates using the proceeds of the issue for (i) Construction of additional Factory Shed for expansion(ii) Plant & Machinerya) Purchase of additional plant & machinery for increasing the production capacityb) Purchase new machinery to manufacture “Paper Insulated Copper / Aluminium Conductorsc) Purchase and set up a rooftop solar power plant

) Additional Working Capital Requirement

) General Corporate Purposes.

ISK ADVISORS PRIVATE LIMITED as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.