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Jainik Power and Cables IPO
1.03xsubscribed

Jainik Power and Cables IPO

listed
₹1.20LMin. investment

Jainik Power and Cables Limited IPO Details

Price range₹100 – ₹110
IPO type
SME
Lot size1200 shares
Issue size₹51Cr
Red Herring Prospectus
Read
Market cap
₹157.8CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹351.69CrLower than sector avg
Growth rate3Y CAGR
128%

Jainik Power and Cables IPO Subscription Status

Date
QIB
NII
Retail
Total
10-Jun-25
0.0 times (X)
0.0 times (X)
0.93 times (X)
0.42 times (X)
11-Jun-25
0.51X
0.0X
1.54X
0.74X
12-Jun-25
1.01X
0.0X
2.06X
1.03X

As on 10-Jun-25, 5:30 PM

Jainik Power and Cables IPO Timeline

  1. Pre-apply
    6 Jun 2025
  2. Bid start
    10 Jun 2025
  3. Bid end
    12 Jun 2025
  4. Allotment
    13 Jun 2025
  5. Release of funds
    16 Jun 2025
  6. Demat transfer
    16 Jun 2025
  7. Listing
    17 Jun 2025

About Jainik Power and Cables Limited

Incorporated in 2011, Jainik Power and Cables began as a trader of aluminium scrap and ingots through imports. In FY20, the company made a shift and started trading in aluminium wire rods in addition to the supply of raw materials. In FY23, the company started manufacturing aluminium wire rods for different clients. The company has a manufacturing facility in Haryana with an installed capacity of 24,000 tons and a capacity utilisation of 60% as of March 31, 2025. The company plans to increase its production capacity by 20% annually over the next few years through the installation of new machinery.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
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Objectives of Jainik Power And Cables IPO

Working capital expenditure
45.81%
The company will use ₹23.50 crore towards working capital requirements
General corporate purposes
23.10%
Part of the IPO proceeds will be used for general corporate purposes and strategic initiatives.
Set up new plant
21.42%
The company will use ₹10.99 crore to fund and set up a plant.
Repayment of loan
9.75%
The company will use ₹5 crore to repay/prepay the portion of the loan availed by the company.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹351.69Cr128%₹9.24Cr₹157.8Cr11.010.79
This sector (avg.)₹803.21Cr---₹209.33Cr₹2,177.12Cr28.6517.58
₹16,787.63Cr---₹5,267.94Cr₹70,792.98Cr11.530.01
₹615.75Cr---₹9.15Cr₹1,269.8Cr178.350.75
₹810.17Cr---₹15.51Cr₹934.5Cr54.440.51

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Jainik Power and Cables IPO Contact Details

Company NameJainik Power and Cables Limited

How to apply for Jainik Power and Cables IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Jainik Power And Cables IPO FAQs