Jainik Power & Cables set for SME IPO: A look at the ₹51.30 crore issue
Jainik Power & Cables Ltd, a notable entity in India’s metal industry, is set to enter the public markets with its first SME IPO, which is scheduled to open on June 10, 2025. This book-building issue worth ₹51.30 crore notably comprises a fresh issue of 46.63 lakh equity shares, indicating the company’s ambition for strategic expansion.
Jainik Power & Cables IPO Price-band & Lot Size
The IPO, which ends its subscription period on June 12, 2025, has set its share price band between ₹100 and ₹110. Retail investors will get a minimum application size of 1,200 shares, which will require an outlay of ₹1,32,000. For High Net Worth Individuals (HNIs), the entry point is 2 lots or 2,400 shares, which equates to an investment of ₹2,64,000.
Jainik Power & Cables Limited
Established in May 2011, Jainik Power & Cables has carved out a niche in the manufacturing of aluminium wire rods, a venture they launched in 2023, building on a decade of prior experience in the broader aluminium trading sector. The company emphasises its commitment to rigorous environmental, health and safety (EHS) protocols, validated by a comprehensive suite of ISO certifications, including ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015 for its Sonipat, Haryana, manufacturing facility. Their market reach extends to major northern Indian states, including Delhi, Haryana, Rajasthan, Uttar Pradesh and Uttarakhand.
Jainik Power & Cables IPO Objective
The capital raised from this IPO has been strategically allocated to fuel the company’s growth trajectory. A significant portion, ₹23.50 crore, has been earmarked for strengthening working capital. An additional ₹10.99 crore will be invested in setting up a new plant, indicating a clear outlook for capacity expansion. In addition, ₹5.00 crore will be used to partially settle existing company debts, enhancing financial stability. The remaining funds will meet general corporate needs and cover expenses associated with the issue.
Jainik Power & Cables Financial
A look at the company’s financial performance reveals a positive trend. For the financial year ending March 31, 2024, Jainik Power & Cables reported revenue of ₹339.23 crore with a profit after tax (PAT) of ₹5.02 crore. The latest figures as of March 31, 2025 show continued momentum, with revenue growing to ₹352.38 crore and PAT reaching ₹9.24 crore, reflecting an impressive 84% increase in profitability between FY2024 and FY2025. The company’s total assets as of March 31, 2025 were ₹24.59 crore, with total borrowings of ₹19.36 crore.
Jainik Power & Cables IPO Reservation
The IPO structure mandates specific reservations for investor categories: qualified institutional buyers (QIBs) are allocated not more than 50% of the net issue, while retail individual investors are reserved not less than 35% and non-institutional investors (HNIs) not less than 15%.
Jainik Power & Cables IPO Lead Manager & Registrar
Fast Track Finsec Private Limited is acting as the book-running lead manager for the offering, while Skyline Financial Services Private Limited is acting as the official registrar. Rikhav Securities Limited has been appointed as the Market Maker.
Jainik Power & Cables IPO Expected Timeline
The tentative timelines for the IPO proceedings are as follows:
* Subscription commences: Tuesday, June 10, 2025
* Subscription ends: Thursday, June 12, 2025
* Allotment finalization (tentative): Friday, June 13, 2025
* Refund commences (tentative): Monday, June 16, 2025
* Shares deposited in demat (tentative): Monday, June 16, 2025
* Listing date (tentative): Tuesday, June 17, 2025
Janik Power & Cables Promoter
The promoters of the Company, Mr. Shashank Jain, Mr. Pratik Jain, Mrs. Anju Jain and Mr. Subhash Chand Jain, collectively hold a substantial stake of 99.79% in the Company prior to the issue. The shares will be listed on the NSE SME platform.
Jainik Power & Cables IPO Important Document
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