Jainik Power and Cables Ltd. was incorporated on May 02, 2011. The company manufactures and supplies aluminium wire rods. The company began its manufacturing operations in April 2023, after spending over a decade trading aluminium rods. It operates a production facility in Sonipat, Haryana. The company supplies its products across multiple Indian states, including Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand.
| Bidding Dates |
|---|
| 10 Jun 2025 - 12 Jun 2025 |
| Subscription |
|---|
| 1.52x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 1200 | 4.7 M | ₹100 - ₹110 | 67.36 % | ₹466.3 M - ₹513.0 M | RHP DOC |
Jainik Power Cables IPO SUBSCRIPTION STATUS
12 Jun '25Jainik Power Cables IPO overall subscription rate was 1.52 times the total available shares
Jainik Power Cables IPO retail subscription rate was 2.53 times in the retail segment
Jainik Power Cables IPO non-institutional investor subscription rate was 3.57 times in the non-institutional investor category
Jainik Power Cables IPO Qualified Institutional Bidder subscription rate was 0.19 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
12 Jun 2025 (Day 3) | 2.53x | 3.57x | 0.19x |
11 Jun 2025 (Day 2) | 1.87x | 3.07x | 0.1x |
10 Jun 2025 (Day 1) | 1.12x | 1.85x | - |
Jainik Power Cables FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 9.2 | 351.7 | -5.3 | -5.3 | 4.0% |
| FY24 | 5.0 | 338.6 | 6.7 | 6.7 | 2.4% |
| FY23 | 0.1 | 67.4 | 3.4 | 3.4 | 2.0% |
Jainik Power Cables IPO SUBSCRIPTION STATUS DETAILS
Jainik Power Cables had 4.7 M shares on offer
Jainik Power Cables IPO offer price was in the range ₹100 - ₹110
Jainik Power Cables IPO minimum Investment was ₹120000
Jainik Power Cables IPO issue size was ₹ 466.3 M - ₹ 513.0 M
Jainik Power Cables had a minimum lot size of 1200 Shares per application
Jainik Power Cables NUMBER OF SHARES ON OFFER
Jainik Power Cables IPO IMPORTANT DATES
| Issue Open Date | 10 Jun 2025 |
| Issue close Date | 12 Jun 2025 |
| Allotment Date | 13 Jun 2025 |
| Refund Date | 16 Jun 2025 |
| Demat Account Credit Date | 16 Jun 2025 |
| Listing Date | 17 Jun 2025 |
| Listing on Exchange(s) | NSE |
| Jainik Power Cables Allotment Status | Exchange/ Registrar |
Jainik Power Cables IPO subscription opened on 10 Jun 2025, and closed on 12 Jun 2025
IPO allotment for Jainik Power Cables was finalized on Friday, 13 Jun 2025
IPO listing for Jainik Power Cables was on NSE on Tuesday, 17 Jun 2025
Jainik Power Cables IPO LISTING GAINS
| Issue Price (adjusted) | 110.0 |
| Listing Open Price | 82.0 |
| Listing Close Price | 82.8 |
| Listing Gain% | -25.4% |
| Current Gain% | 91.0% |
Jainik Power Cables Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jainik Power Cables Ltd. | 210.1 | 301.4 | 21.5 | 0.4 | 0.8 | 16.5 | 12 | 395.1 | 12.1 | 14 | 51.8 | 9.8 | 51.8 |
| Hindalco Industries Ltd. | 1054 | 236868.9 | 14.4 | -4.6 | 0.8 | 9.8 | 3.8 | 277833 | 15.2 | 13391 | -16.3 | 73 | -3.1 |
| Vedanta Aluminium Metal Ltd. | 472.6 | 184804.9 | 0 | -192.6 | 0 | 0 | -28.4 | ||||||
| Vedanta Ltd. | 283.6 | 110918.2 | 5.6 | 0.2 | 1 | 35 | 7.4 | 79987 | -48.9 | 17391 | 16 | 50.3 | 35.1 |
| National Aluminium Company Ltd. | 382.7 | 70287.9 | 10.4 | 0.6 | 3.6 | 26.8 | 21.8 | 18508.9 | 8 | 5797 | 10 | 36.8 | 17.8 |
| CMR Green Technologies Ltd. | 221.3 | 4847 | 13.9 | 5.5 | 8659.2 | 29.3 | 212.4 | 49.1 |
Jainik Power Cables INFORMATION ON IPO ISSUE
About Jainik Power Cables
Jainik Power and Cables Ltd. was incorporated on May 02, 2011. The company manufactures and supplies aluminium wire rods. The company began its manufacturing operations in April 2023, after spending over a decade trading aluminium rods. It operates a production facility in Sonipat, Haryana. The company supplies its products across multiple Indian states, including Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand.
Object of the Issue
- To meet the working capital requirements of the company
- To fund and set up a plant
- To repay a portion of the loan availed by the company
- General corporate purposes
- To meet the issue expenses
Jainik Power Cables - PROMOTERS
| Name |
|---|
| Shashank Jain |
| Prateek Jain |
| Anju Jain |
| Subhash Chand Jain |
Jainik Power Cables Lead Manager
Fast Track Finsec Private Limited
mb@ftfinsec.com
Jainik Power Cables Registrar to the issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Jainik Power Cables Strengths
Quality standards
The company maintains stringent quality standards throughout its manufacturing process. It holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, demonstrating its commitment to quality management, environmental responsibility, and workplace safety
Customisation
The company offers customised aluminium wire rod solutions tailored to specific client requirements. By working closely with customers, the company delivers products that precisely match their needs, improving performance and customer satisfaction
Infrastructure
The company operates a modern manufacturing facility in Sonipat, Haryana, equipped with advanced machinery and technology. It has made significant investments in land acquisition and plant infrastructure since 2021, enabling expansion of production capacity while maintaining consistent product quality
Jainik Power Cables Risks
No long-term contracts
The company lacks firm, long-term agreements with customers and operates primarily on short-term purchase orders. These orders can be amended or cancelled, potentially impacting revenues and production schedules
Raw material volatility
The company does not have long-term supply contracts for raw materials like aluminium ingots and litho sheets. It faces risks from price fluctuations and supply disruptions due to external factors such as global demand, tariffs, natural disasters, and currency movements, which could adversely impact its financial performance
Location concentration risk
The company's manufacturing operations are concentrated in Sonipat, Haryana. Any regional disruptions, such as social unrest or natural calamities, could severely affect its operations. Additionally, increasing competition and infrastructure strain in the area may impact profitability and operational efficiency
IPO FAQs
The promoters of the company are Shashank Jain, Prateek Jain, Anju Jain and Subhash Chand Jain.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 100.0 - 110.0.
The IPO application opens on Jun 10, 2025 and closes on Jun 12, 2025.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 132,000.0.
This IPO will be allotted on Jun 13, 2025.
The refund will be credited to your account on Jun 16, 2025.
The allotted shares will be credited to your demat on Jun 16, 2025.
Jainik Power Cables Ltd.’s shares listed on the stock exchanges on Jun 17, 2025.