IPO Details

Bidding Dates

10 Jun '25 - 12 Jun '25

Minimum Investment

₹1,20,000/ 1 Lot (1,200 Shares)

Price Range

₹100-₹110

Maximum Investment

₹1,32,000/ 1 Lot (1,200 Shares)

Retail Discount

To be announced

Issue Size

₹51.30 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Jainik Power and Cables IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jun 10, 25

IPO Closing Date

Jun 12, 25

Basis of Allotment

Jun 13, 25

Initiation of Refunds

Jun 16, 25

IPO Listing Date

Jun 17, 25

Jainik Power and Cables IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Jun 9, 2025

 0.00 0.18 0.14 0.14

About Jainik Power and Cables IPO

Jainik Power and Cables is launching its IPO through the book-building route, aiming to raise ₹51.30 crore. The entire issue comprises a fresh offering of 46.63 lakh equity shares. The IPO will open for subscription on June 10, 2025, and close on June 12, 2025. 

The allotment is expected to be finalised on June 13, 2025. Jainik Power and Cables is set to list on NSE SME, with a tentative listing date of June 17, 2025. The price band for the IPO is fixed between ₹100 and ₹110 per share. Retail investors can apply for a minimum of 1,200 shares, amounting to ₹1,20,000. 

However, to increase the chances of allotment in case of oversubscription, it is suggested to bid at the cut-off price, which is around ₹1,32,000. For High Net-worth Individuals (HNIs), the minimum application size is 2 lots or 2,400 shares, requiring an investment of ₹2,64,000.

Fast Track Finsec Private Limited is the book-running lead manager, Skyline Financial Services Private Limited is the registrar, and Rikhav Securities Ltd is the market maker for this IPO.

Industry Outlook

  1. Global aluminium consumption reached 16.49 million tonnes during Jan–Mar 2022, slightly exceeding production. In India, aluminium demand is expected to grow at around 9% annually over the next two years, driven by infrastructure and automotive growth. This rising demand highlights the sector's stability and long-term potential.
  2. India accounts for 6.14% of global aluminium production, with 4 billion tonnes of high-grade bauxite reserves. However, the country's per capita aluminium consumption is just 2.5 kg—far below the world average of 11 kg and China’s 24 kg—indicating significant room for future growth.
  3. Aluminium is vital to India’s ambition of becoming a US$ 5 trillion economy. With large-scale investments and government support for infrastructure and electric mobility, aluminium usage is expected to rise steadily.

Jainik Power and Cables IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. The company plans to use the IPO proceeds to meet its working capital needs, supporting day-to-day operations and business growth.
  2. A portion of the funds will be used to set up a new manufacturing plant to expand production capacity.
  3. Part of the issue amount will be utilised to repay existing loans, helping reduce debt and improve financial stability.
  4. The company also aims to use the funds for general corporate purposes, including operational and strategic needs.
  5. A share of the proceeds will go towards covering issue-related expenses.

About Jainik Power and Cables Limited 

Jainik Power and Cables Limited is a Delhi-based company engaged in the manufacturing and supply of aluminium wire rods. Initially incorporated as Jainik Enterprises Private Limited in May 2011, the company was primarily involved in trading aluminium scrap and ingots. Over time, it expanded into trading aluminium wire rods and later ventured into manufacturing in April 2023. 

The company now operates a fully equipped manufacturing facility in Sonipat, Haryana, which holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. These credentials reflect the company’s commitment to quality, environmental safety, and workplace health standards.

Before beginning its manufacturing journey, the company acquired land in FY 2021-22 and further expanded its capacity by purchasing additional land in FY 2022-23. Jainik Power and Cables currently produces 9.5 mm aluminium wire rods and supplies across multiple states including Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. It has reported strong revenue growth from operations, with ₹33,776.58 lakh in FY25.

The company is promoted by Mr. Shashank Jain and Mr. Prateek Jain, who together bring around 32 years of experience in the metal industry. Their strategic shift from trading to manufacturing is driven by hands-on knowledge and long-standing industry relationships, positioning the company for future growth.

How To Check the Allotment Status of Jainik Power and Cables IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Jainik Power and Cables IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Jainik Power and Cables IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Jainik Power and Cables IPO 

Registered office: 39/101A, 1st Floor, Community Centre, Wazirpur Industrial Area, Wazir PurIII, North West Delhi, Delhi, India, 110052

Phone:+91-9999268508

E-mail:info@jainikpower.com

Jainik Power and Cables IPO Reservation

Investor Category

Shares Offered

Qualified Institutional Buyers (QIBs)

Up to 10.05% of the Net Issue

Retail Individual Investors (RIIs)

At least 44.97% of the Net Issue

Non-Institutional Investors (NIIs)

At least 44.97% of the Net Issue

Jainik Power and Cables IPO Lot Size

Application

Lots

Shares

Amount

Retail (Min)

1

1,200

₹1,20,000

Retail (Max)

1

1,200

₹1,32,000

HNI (Min)

2

2,400

₹2,64,000

Jainik Power and Cables IPO Promoter Holding

Mr. Shashank Jain, Mr. Prateek Jain and Mrs. Anju Jain and Mr. Subhash Chand Jain are the promoters of the company.

Share Holding Pre-Issue

99.79%

Share Holding Post Issue

-

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Key Performance Indicators for Jainik Power and Cables IPO

KPI

Value

ROE (%)

56.92%

RoCE (%)

55.92%

Price to Book Value

0.80

PAT Margin

2.63

Jainik Power and Cables IPO Prospectus

Jainik Power and Cables IPO Registrar and Lead Managers

Jainik Power and Cables IPO Lead Managers

  • Fast Track Finsec Private Limited

Registrar for Jainik Power and Cables IPO

Skyline Financial Services Private Limited

Jainik Power and Cables IPO Registrar

Financial Performance of Jainik Power and Cables Limited

Particulars Year ending on March 31, 2025 Year ending on March 31, 2024 Year ending on March 31, 2023
Revenue from Operation (in ₹ lakh) 35,168.95 33,862.12 6,738.40
Profit/ (loss) for the year (in ₹ lakh) 923.60 501.86 14.66
Earnings per Share (₹) 9.99 6.03 0.18
Net Worth (in ₹ lakh) 2,459.14 786.16 284.30
Return on Equity (RoE) (%) 56.92 93.77 5.29
Return on Capital Employed (RoCE) 55.92 52.30 14.88
EBITDA (in ₹ lakh) 1,399.94 811.41 135.65

Know before investing

Strengths

8

  1. Strong customer relations ensure steady demand and repeat business growth.

  2. Daily logistics capacity of 50 tons boosts efficient regional deliveries.

  3. Website and SEO strategy strengthens online visibility and brand recall.

  4. In-house quality assurance ensures high manufacturing standards are maintained.

  5. Plans to manufacture Aerial Bunch and Power Cables enable diversification.

  6. Three trucks operating double shifts optimise short-haul delivery network.

  7. Installed capacity expansion aims to improve batch and power efficiency.

  8. Focus on exports and wider customer base drives global market reach.

Risks

8

  1. Only one year of manufacturing experience may affect business stability.

  2. Revenue heavily depends on the top 10 customers contributing 52.28% sales.

  3. No long-term customer contracts expose the company to revenue uncertainty.

  4. Volatile raw material prices may impact operations and financial health.

  5. 54.73% purchases from top suppliers risk supply chain disruption.

  6. High inventory levels and poor demand forecasting may reduce profitability.

  7. Faces competition from larger firms with stronger financial resources.

  8. Business needs consistent working capital, which may need extra funding.

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Jainik Power and Cables IPO Peer Comparison

Company Name EPS (Basic) NAV (per share in ₹) RoNW (%) P/BV Ratio
Jainik Power and Cables Limited 9.99 26.59 56.92 4.23
Hind Aluminium Industries Limited 3.17 109.43 2.94 0.65
Arfin India Limited 0.54 9.29 7.23 3.00

Jainik Power and Cables IPO FAQs

What is the Jainik Power and Cables IPO?

Jainik Power and Cables IPO is a book-built issue IPO. It runs from June 10, 2025, to June 12, 2025.

When will the Jainik Power and Cables IPO be allotted?

The Basis of Allotment will happen on Friday, June 13, 2025.

When will the Jainik Power and Cables IPO open for subscription?

The IPO subscription window will open on June 10, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,200 shares.

When will the Jainik Power and Cables IPO list on exchanges?

The listing date for Jainik Power and Cables IPO is Tuesday, June 17, 2025.

What is the issue size of the Jainik Power and Cables IPO?

The issue size of the Jainik Power and Cables IPO is up to ₹51.30 crore.

What are the open and close dates of the Jainik Power and Cables IPO?

The open and close dates for Jainik Power and Cables IPO are from June 10, 2025, to June 12, 2025.

What would be the listing gains on the Jainik Power and Cables IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

When will I know if my Jainik Power and Cables IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Jainik Power and Cables IPO?

Skyline Financial Services Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Jainik Power and Cables IPO getting listed?

Jainik Power and Cables IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).

How to increase your chances of getting an Jainik Power and Cables IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Jainik Power and Cables IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate. 

Can I submit more than one application for the public issue of Jainik Power and Cables IPO using one PAN?

You can submit only one application using your PAN card. 

How to read Jainik Power and Cables Limited's financial statements?

To read Jainik Power and Cables Limited’s financial statements, download the IPO’s DRHP document. 

What is 'pre-apply' for the Jainik Power and Cables IPO?

Pre-apply allows investors to apply for the  Jainik Power and Cables IPO two days before the subscription period opens, ensuring an early submission of your application. 

If I pre-apply for the Jainik Power and Cables IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.