Jainik Power and Cables IPO opens for subscription from June 10 to June 12, 2025, with a price band of ₹100 to ₹110 per share. The IPO is a fresh issue of approximately ₹51.30 crores, the shares will be listed on NSE SME platform. Incorporated in 2011, the company is engaged in the business of manufacturing aluminum wire rods. The company sells its products in the states of Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. Let us understand more details of the IPO through the FAQs.
Jainik Power and Cables IPO – FAQs
1. When are the open and close dates of the Jainik Power and Cables IPO?
The IPO opens on June 10, 2025, and closes on June 12, 2025.
2. What is the price band and minimum investment amount?
The price band is ₹100–₹110 per share. The minimum investment for retail investors is ₹1,32,000 (1 lot of 1,200 shares), and for HNIs, it’s ₹2,64,000 (2 lots).
3. What is the lot size and total issue size?
Each lot consists of 1,200 shares. The IPO is a fresh issue of 4,663,200 shares, of ₹51.30 crores.
4. Where will the IPO be listed?
Shares are set to list on the NSE SME platform, with a tentative listing date of June 17, 2025.
5. When is the allotment date?
The basis of allotment is expected to be on June 13, 2025.
6. How does the company plan to use the IPO proceeds?
As per the draft prospectus, proceeds will be used for:
1. To meet the Working Capital requirements of the Company;
2. To fund and set up a plant.
3. To Repayment of portion of loan availed by the Company
4. To meet the General Corporate Purposes; and
5. To meet the Issue Expenses.
7. What are the strengths of Jainik Power and Cables?
-
Strong revenue growth over the last two years
-
Certified manufacturing practices (ISO 9001, 14001 & 45001)
-
Focused product portfolio (aluminum wire rods)
-
Serves high-demand regions in North India
8. Who are the lead manager, registrar, and market maker?
-
Lead Manager: Fast Track Finsec Pvt Ltd
-
Registrar: Skyline Financial Services Pvt Ltd
-
Market Maker: Rikhav Securities Ltd
9. What does Jainik Power and Cables do?
Incorporated in 2011, the company began manufacturing aluminum wire rods in 2023. It operates a manufacturing facility in Sonipat, Haryana, and sells to states like Delhi, Haryana, Rajasthan, UP, and Uttarakhand.
10. Is there a Grey Market Premium (GMP)?
Currently, the GMP is flat (₹0), indicating market expectations are for a near-issue price listing.
11. How can I apply for the IPO?
Applications can be made via ASBA (through bank net banking) or UPI (via broker platform).
12. How has Jainik Power and Cables performed financially?
Jainik Power and Cables has shown strong financial growth over the last three fiscal years:
📊 Revenue (in ₹ crores):
-
FY 2022–23: ₹67.49
-
FY 2023–24: ₹339.23
-
FY 2024–25: ₹352.38
💰 Profit After Tax (PAT) (in ₹ crores):
-
FY 2022–23: ₹0.15
-
FY 2023–24: ₹5.02
-
FY 2024–25: ₹9.24
Conclusion – Jainik Power and Cables IPO
Should you consider investing in the Jainik Power and Cables IPO?
The company has displayed impressive scale-up, the revenue has increased from ₹67 cr in FY 2023 to over ₹350 cr in FY 2025, with PAT rising from ₹0.15 cr to ₹9.24 cr. Its ISO-certified plant and aluminum wire rod emphasis make it a strong player in an expanding metals space. However, investors must consider their risk tolerance, long-term industrial demand, and valuation before investing.