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
- 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.
- 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.
- 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:
- The company plans to use the IPO proceeds to meet its working capital needs, supporting day-to-day operations and business growth.
- A portion of the funds will be used to set up a new manufacturing plant to expand production capacity.
- Part of the issue amount will be utilised to repay existing loans, helping reduce debt and improve financial stability.
- The company also aims to use the funds for general corporate purposes, including operational and strategic needs.
- 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:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- 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?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Jainik Power and Cables IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- 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
- Contact Number: 02228511022
- Email Address: ipo@skylinerta.com
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 |
|---|---|---|
| Revenue from Operation (in ₹ lakh) | 35,168.95 | 33,862.12 |
| Profit/ (loss) for the year (in ₹ lakh) | 923.60 | 501.86 |
| Earnings per Share (₹) | 9.99 | 6.03 |
| Net Worth (in ₹ lakh) | 2,459.14 | 786.16 |
| Return on Equity (RoE) (%) | 56.92 | 93.77 |
| Return on Capital Employed (RoCE) | 55.92 | 52.30 |
| EBITDA (in ₹ lakh) | 1,399.94 | 811.41 |
Know before investing
Strengths
8Strong customer relations ensure steady demand and repeat business growth.
Daily logistics capacity of 50 tons boosts efficient regional deliveries.
Website and SEO strategy strengthens online visibility and brand recall.
In-house quality assurance ensures high manufacturing standards are maintained.
Plans to manufacture Aerial Bunch and Power Cables enable diversification.
Three trucks operating double shifts optimise short-haul delivery network.
Installed capacity expansion aims to improve batch and power efficiency.
Focus on exports and wider customer base drives global market reach.
Risks
8Only one year of manufacturing experience may affect business stability.
Revenue heavily depends on the top 10 customers contributing 52.28% sales.
No long-term customer contracts expose the company to revenue uncertainty.
Volatile raw material prices may impact operations and financial health.
54.73% purchases from top suppliers risk supply chain disruption.
High inventory levels and poor demand forecasting may reduce profitability.
Faces competition from larger firms with stronger financial resources.
Business needs consistent working capital, which may need extra funding.
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 |
