JD Cables Limited, a manufacturer of cables and conductors, has reported that there were no deviations or variations in the utilization of proceeds raised from its Initial Public Offering (IPO) for the half-year ended September 30, 2025. This announcement comes as part of the company's compliance with regulatory requirements and commitment to transparency.

Key Highlights

• The company's Audit Committee reviewed and provided favorable remarks on compliance with fund utilization requirements.
• The IPO funds were allocated across various purposes, including working capital, debt repayment, and general corporate purposes.

Fund Allocation Breakdown

Monitoring Agency Report

CRISIL Ratings Limited, appointed as the Monitoring Agency, has issued a report for the quarter ended September 30, 2025, stating that the funds are being utilized as per the objects stated in the offer document. The report indicates that:

1. There has been no deviation from the stated objectives of the IPO.
2. The unutilized amount of Rs. 7,854.00 lakhs has been temporarily invested in fixed deposits and maintained in bank accounts.
3. The company has not yet begun utilizing the funds for the stated purposes as of the report date.

Management Commentary

Piyush Garodia, Managing Director of JD Cables Limited, stated, "We are pleased to report that the utilization of our IPO proceeds is progressing as planned. Our focus remains on strengthening our working capital, reducing debt, and investing in the overall growth of the company. We are committed to using these funds judiciously to create long-term value for our shareholders."

Future Outlook

The company has not yet deployed the funds for their intended purposes. The management has reiterated its commitment to utilizing the IPO proceeds as outlined in the offer document.

The timely disclosure and adherence to the stated objectives demonstrate JD Cables' commitment to good corporate governance practices.

JD Cables Limited, a prominent player in the cables and conductors manufacturing sector, has announced robust financial results for the half-year ended September 30, 2025, following its successful Initial Public Offering (IPO) and listing on the BSE SME platform.

Financial Highlights

The company reported a profit of Rs 1,192.60 lakh for the half-year period, showcasing its strong financial performance. JD Cables' revenue from operations stood at Rs 10,747.53 lakh, indicating substantial business activity and market demand for its products.

Successful IPO and Listing

JD Cables Limited recently completed its IPO, raising Rs 8,441.47 lakh through the issuance of 55,53,600 equity shares at Rs 152 per share. The company made its debut on the BSE SME platform on September 25, 2025, marking a significant milestone in its corporate journey.

Utilization of IPO Proceeds

According to the Monitoring Agency Report issued by CRISIL Ratings Limited, JD Cables has outlined the following objectives for the utilization of its IPO proceeds:

1. Funding working capital requirements: Rs 4,500 lakh
2. Repayment/prepayment of borrowings: Rs 2,600 lakh
3. General corporate purposes: Rs 754 lakh

As of September 30, 2025, the entire amount of Rs 7,854 lakh (net proceeds) remains unutilized, with the funds currently invested in fixed deposits and maintained in the company's public issue and monitoring accounts.

Management Commentary

Piyush Garodia, Managing Director of JD Cables Limited, stated, "We are pleased with our half-year performance, which reflects the strength of our business model and the growing demand for our products. The successful completion of our IPO has provided us with the necessary capital to fuel our growth plans and strengthen our market position."

Future Outlook

With a strong financial performance and newly acquired capital from the IPO, JD Cables Limited appears well-positioned to expand its operations and capitalize on opportunities in the cables and conductors market. The company's focus on enhancing working capital, reducing debt, and investing in general corporate purposes suggests a strategic approach to growth.

Investors and market observers will be keen to watch how JD Cables utilizes its IPO proceeds in the coming months to drive further growth and create value for its shareholders.