Jainik Power and Cables IPO
Jainik Power Cables Ltd
₹1,20,000 /1200 sharesMinimum Investment
Jainik Power and Cables IPO Listing Details
Listed On | Issue Price | Listing Price | Listing Gains |
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-- | ₹110.00 | ₹82.00 | -₹28.00 (25.45%) |
Jainik Power and Cables IPO Details
Bidding Dates | Min. Investment | Lot Size | Price Range |
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10 Jun ‘25 - 12 Jun ‘25 | ₹1,20,000 | 1,200 | ₹100 - ₹110 |
Qualified Institutional Buyers | 2.50x |
Non-Institutional Investor | 1.23x |
Retail Individual Investor | 1.97x |
Total | 1.46x |
Jainik Power and Cables Limited, originally incorporated in 2011 as Jainik Enterprises Private Limited, is a manufacturer and supplier of aluminium wire rods. The company has been involved in the metal industry for over a decade, initially dealing in the trading of aluminium rods before expanding into manufacturing in 2023. Their products include aluminium wire rods of 9.5 mm, which they supply in states, including Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand.
The company has a manufacturing facility located in Sonipat, Haryana and manages its operations through its registered office in Delhi and the factory premises.;
Managing director
Mr Shashank Jain
Parent organisation
Jainik Power Cables Ltd
Strengths & Financials of Jainik Power and Cables
Jainik Power and Cables claims to have received the Indian Achievers Award for Promising Company and the India 5000 Best MSME Award.
The company is ISO 9001:2015 certified for quality management system, ISO 14001:2015 certified for environmental management system, and ISO 45001:2018 certified for occupational health and safety management system. Furthermore, the company holds a certificate of authorisation from the Haryana State Pollution Control Board.
The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 67.38 crore in FY23 to Rs 338.62 crore in FY24 and Rs 351.69 crore in FY25. PAT increased from Rs 0.15 crore in FY23 to Rs 5.02 crore in FY24 and Rs 9.24 crore in FY25.
Jainik Power and Cables Financials
*All values are in Rs. Cr
Application Details of Jainik Power and Cables IPO
Apply as | Price band | Apply upto |
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Regular | ₹100 - 110 | ₹2 Lakh |
High Networth Individual | ₹100 - 110 | ₹2 - 5 Lakh |
For Jainik Power and Cables IPO, eligible investors can apply as Regular.