Jainik Power and Cables IPO: Price, Overview, And GMP

Jainik Power and Cables IPO- Complete Overview

Jainik Power and Cables IPO under the SME IPO category is a bookbuild issue of Rs. 51.30 Cr from Jainik Power and Cables Limited. It was founded in May 2011, and is a manufacturing company with the capability of producing Aluminum Wire Rods.

It has an experience of over 10 years in the metal industry, where they are engaged in the trade of aluminum rods prior to setting up this manufacturing facility.

The company produces and sells aluminum wire rods according to the Environmental, Health, and Safety (EHS) regulations as certified by the ISO. Its Quality Assurance Division performs purity tests by the spectrometry method for checking concealed impurities.

It currently sells in Delhi, Haryana, Rajasthan, UP, and Uttarakhand.

 

Jainik Power and Cables IPO Overview

The Jainik Power and Cables IPO will be available from Jun 10, 2025, to Jun 12, 2025. 

The Rs. 51.30 Cr new SME IPO comprises a wholly fresh issue of 46.63 lac Shares. 

The upcoming IPO date of allotment is on Jun 13. The Jainik Power and Cables IPO price is Rs. 100 to Rs. 110 for each Share. 

The Jainik Power and Cables IPO listing date is Jun 17, 2025 (expected) and listing at the NSE and SME.

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Company Financial

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	71.19	35.50	36.66
Total Revenue	352.38	339.23	67.49
PAT	9.24	5.02	0.15
Net Worth	24.59	7.86	2.84
Reserves & Surplus	14.91	7.29	2.27
Borrowings	19.36	17.13	16.83

 

 

Cash Flows

(Amount in thousands)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(532.89)	672.34	343.84
Net Cash Flow Investing Activities	(65.22)	(261.96)	(446.30)
Net Cash Flow Financing Activities	830.33	(95.13)	110.57

 

Revenue Bifurcation

Geographical-wise Revenue Bifurcation

 

Product-wise Revenue Bifurcation

The Objective of the Issue

• Working capital needs.

•  Establish and finance a plant.

•  Issue costs.

•  Repayment of a portion of the company's debt.

• General corporate purposes.

 

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Peers of Jainik Power and Cables Ltd.

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
Hind Aluminium Industries Ltd.	10	3.17	13.73
Arfin India Ltd.	1	0.54	43.23

 

Evaluation

Jainik Power and Cables IPO price is Rs. 100 to Rs. 110 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2025 with an EPS of Rs. 9.99 from the last year, the resulting P/E ratio is 11.01x.

Considering the weighted EPS of Rs. 7.035 for the last three years, the P/E ratio is 15.63x.

Ganga Bath Fittings IPO allotment is available now.

 

IPO's Strengths

• Quality requirements

• Infrastructure.

• Customization.

• Market reliance.

• Market expansion.

• Innovation.

 

 

IPO’s Weaknesses

• Dependency on the Market.

• Global competition.

• Governmental policy changes.

• Raw material price vulnerability.

• Technological disruption.

 

Jainik Power and Cables IPO GMP

Jainik Power and Cables IPO GMP is Rs. 0 as of 09 Jun 2025, while writing this information. The Jainik Power and Cables IPO listing price is Rs. 110 (estimated).

IPO Timetable (Tentative)

The Jainik IPO date of application is starting from Jun 10 to Jun 12, 2025, allotment on Jun 13, refund initiation on Jun 16, and listing on Jun 17, 2025.

Events	Date
IPO Opening Date	Jun 10, 2025
IPO Closing Date	Jun 12, 2025
IPO Allotment Date	Jun 13, 2025
Refund Initiation	Jun 16, 2025
IPO Listing Date	Jun 17, 2025

 

Jainik Power and Cables IPO Details 

The Jainik Power IPO with a Face Value of Rs. 10 per share offers a total issue size of 46,63,200 Shares (Rs. 51.30 Cr).

IPO Opening & Closing date	10 Jun, 2025 to 12 Jun, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 100 to Rs. 110 per Share.
Lot Size	1200 Shares
Issue Size	46,63,200 Shares (Rs. 51.30 Cr)
Offer for Sale	-
Fresh Issue	46,63,200 Shares (Rs. 51.30 Cr)
Listing at	NSE, SME
Issue Type	Bookbuilding Issue IPO
Registrar	Skyline Financial Services Private Ltd.

 

 

IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1200 Shares) amounting to Rs. 1,32,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2400 Shares) amounting to Rs. 2,64,000.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	1 Lot
HNI (Min)	2 Lots

 

IPO Reservation (% of Net Issue)

Institutional’s Portion	50%
Retail’s Portion	35%
Non-Institutional’s Portion	15%

 

Promoters And Management of Jainik Power and Cables Ltd.

• Mr. Shashank Jain

• Mr. Prateek Jain

• Mrs. Anju Jain

• Mr. Subhash Chand Jain

Pre-Issue Promoter Shareholding	99.79%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• Fast Track Finsec Pvt Ltd.
  
  

Dividend Policy

The company has no formal dividend policy.

 

 

Conclusion

Jainik Power and Cables IPO gives investors a chance to invest in a company in the aluminum wire rod sector, providing a great financial performance as well as significant market penetration in Northern India. Backed by a decent P/E ratio and earmarked use of IPO funds for growth and debt reduction, there appears to be a suitable growth. But investors should weigh factors including raw material prices and global competition.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.