JD Cables IPO opens today: HDFC Bank backing, 18% GMP keeps company on investors' radar
Published on: Sept. 18, 2025, 8:02 a.m. | Source: The Economic Times
JD Cables' Rs 96 crore SME IPO opens today, featuring a fresh equity sale and an offer for sale, closing on September 22. HDFC Bank invested in the anchor book ahead of the IPO. The price band is fixed at Rs 144–152 per share. The company will use the IPO proceeds for working capital, debt repayment, and general corporate purposes.
