Jainik Power and Cables IPO: Check Date, Price, Allotment & Review Details
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The Jainik Power and Cables IPO will open for subscription on June 10, 2025, and will close on June 12, 2025. This is a Book Built Issue, where the company aims to raise around ₹51.30 crore. The IPO includes a fresh issue worth ₹51.30 crore, while details of the offer for sale (OFS) are yet to be announced. Each share has a face value of ₹10.
The IPO price band is set between ₹100 and ₹110 per share. The retail investor quota is 44.97%, while Qualified Institutional Buyers (QIB) have been allocated 10.05%, and High Net-Worth Individuals (HNI) also have 44.97% reserved.
The IPO listing is expected to take place on the NSE in 2025, and the allotment date is likely to be June 13, 2025.
In terms of financials, Jainik Power and Cables reported a revenue of ₹352.38 crore in FY 2025, up from ₹339.23 crore in FY 2024. Net profit also rose to ₹9.24 crore in 2025, compared to ₹5.02 crore in 2024.
Based on the company’s consistent growth in revenue and profits, experts suggest that long-term investors may consider applying for this IPO.
Jainik Power and Cables IPO Details
- IPO Open Date: June 10, 2025
- IPO Close Date: June 12, 2025
- Face Value: ₹10 per equity share
- IPO Price Band: ₹100 to ₹110 per share
- Issue Size: Approximately ₹51.30 crores
- Fresh Issue: Approximately ₹51.30 crores
- Offer for Sale: To be announced (equity shares)
- Issue Type: Book Built Issue
- IPO Listing: NSE SME
- Retail Quota: Not more than 44.97%
- QIB Quota: Not more than 10.05%
- NII Quota: Not more than 44.97%
- DRHP Draft Prospectus: Click Here
- RHP Draft Prospectus: Click Here
Jainik Power and Cables IPO Market Lot Details
The minimum market lot for the Jainik Power and Cables IPO is 1 lot (1,200 shares), which requires an application amount of ₹1,32,000. Investors can apply in multiples of this lot size.
Application Details:
| Application Type | Lot Size | Number of Shares | Application Amount |
|---|---|---|---|
| Retail Minimum | 1 lot | 1,200 shares | ₹1,32,000 |
| Retail Maximum | 1 lot | 1,200 shares | ₹1,32,000 |
| HNI Minimum | 2 lots | 2,400 shares | ₹2,64,000 |
Jainik Power and Cables IPO Important Dates
The Jainik Power and Cables IPO will open for subscription on June 10, 2025, and will close on June 12, 2025. The allotment of shares will be finalized on June 13, 2025. Refunds for unallocated shares will be processed on June 16, 2025, and shares will be credited to investors’ Demat accounts the same day. The IPO is scheduled to be listed on June 17, 2025.
Key Dates at a Glance:
| Event | Date |
|---|---|
| IPO Open Date | June 10, 2025 |
| IPO Close Date | June 12, 2025 |
| Basis of Allotment | June 13, 2025 |
| Initiation of Refunds | June 16, 2025 |
| Credit to Demat Accounts | June 16, 2025 |
| IPO Listing Date | June 17, 2025 |
Promoters of Jainik Power and Cables
The promoters of Jainik Power and Cables Limited are Mr. Shashank Jain, Mr. Prateek Jain, Mrs. Anju Jain, and Mr. Subhash Chand Jain.
About Jainik Power and Cables Limited
Jainik Power and Cables is actively involved in the manufacturing of aluminium wire rods, a crucial component in the power and cable sector. Aluminum is the second most widely used metal in the world after steel, with global usage reaching around 88 million tonnes annually, including recycled material.
Since 2023, the company has been producing 9.5 mm aluminium wire rods, following best practices in quality and compliance with Environmental, Health, and Safety (EHS) standards. The company operates from its registered office and manufacturing facility in Delhi, supplying products to several states including Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand.
With over 32 years of industry experience, the company’s promoters and leadership bring deep expertise in the metal and power cable sector.
Jainik Power and Cables Financial Performance
Below is a summary of the company’s financial growth over the last three years:
| Financial Year | Revenue (₹ Cr) | Expenses (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2023 | ₹67.49 | ₹67.29 | ₹0.15 | ₹36.66 |
| 2024 | ₹339.23 | ₹332.49 | ₹5.02 | ₹35.50 |
| 2025 | ₹352.38 | ₹340.01 | ₹9.24 | ₹71.19 |
Jainik Power and Cables IPO Valuation – FY2025
Here are the key performance indicators (KPIs) and valuation metrics:
| Valuation Metric | Value |
|---|---|
| Return on Equity (ROE) | 56.92% |
| Return on Capital Employed (ROCE) | 55.92% |
| EBITDA Margin | 3.98% |
| PAT Margin | 2.63% |
| Debt-to-Equity Ratio | 0.79 |
| Earnings Per Share (EPS) | ₹9.99 (Basic) |
| Price-to-Earnings (P/E) | N/A |
| Return on Net Worth (RoNW) | 56.92% |
| Net Asset Value (NAV) | ₹26.59 |
Peer Group Comparison
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Hind Aluminium Industries | 3.17 | 13.73 | 2.94% | ₹109.43 | [.] Cr. |
| Arfin India Limited | 0.54 | 43.23 | 7.23% | ₹9.29 | [.] Cr. |
Objects of the Issue
The proceeds from the Jainik Power and Cables IPO will be used for:
- Meeting working capital requirements
- Funding and setting up a new plant
- Repayment of certain outstanding loans
- General corporate purposes
- Covering IPO-related expenses
Jainik Power and Cables IPO Review
Several analysts and financial advisory firms have reviewed the IPO. Below are some noted brokerage houses (recommendation details may vary):
- IPO Watch – May Apply
- Canara Bank
- DRChoksey FinServ
- Emkay Global
- Hem Securities
- IDBI Capital
- Marwadi Shares
- Nirmal Bang
- SBICAP Securities
- Sharekhan
- SMC Global
- Sushil Finance
- Swastika Investmart
- Ventura Securities
- Geojit
- Reliance Securities
- Capital Market
- BP Wealth
- ICICIdirect
- Choice Broking
Jainik Power and Cables IPO Registrar
- Registrar: Skyline Financial Services Private Ltd
- Phone: 022-28511022
- Email: ipo@skylinerta.com
- Website: https://www.skylinerta.com/ipo.php
IPO Lead Manager
- Merchant Banker: Fast Track Finsec Pvt Ltd
Company Contact Information
Jainik Power and Cables Limited
39/101A, 1st Floor, Community Centre,
Wazirpur Industrial Area, Wazir Pur III,
North West Delhi, West Delhi, New Delhi
Phone: +91-9999268508
Email: info@jainikpower.com
Website: https://www.jainikpower.com/
Jainik Power and Cables IPO – Frequently Asked Questions (FAQs)
1. What is Jainik Power and Cables IPO?
Jainik Power and Cables IPO is a Small and Medium Enterprise (SME) public issue listed on the NSE SME platform. The company plans to raise around ₹51.30 crore through this IPO. The price band is set between ₹100 to ₹110 per equity share.
2. When will the Jainik Power and Cables IPO open for subscription?
The IPO will open for public bidding on June 10, 2025, and will close on June 12, 2025. Investors from Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and the Retail category can apply during this period.
3. What is the investor quota in Jainik Power and Cables IPO?
The IPO allocation is divided as follows:
- Qualified Institutional Buyers (QIB): 10.05%
- Non-Institutional Investors (NII): 44.97%
- Retail Investors: 44.97%
How to Apply for Jainik Power and Cables IPO?
You can apply for the Jainik Power and Cables IPO in the following ways:
- Through ASBA via Bank Account: Log in to your internet banking account and apply using the ASBA (Application Supported by Blocked Amount) facility.
- Through UPI via Stock Brokers: You can apply online using UPI through your registered stock broker’s platform.
- Offline through Stock Brokers: Visit your stock broker’s office, fill out the physical IPO application form, and submit it.
