Jainik Power and Cables IPO

Jainik Power Cables Ltd

₹1,20,000 /1200 sharesMinimum Investment

Jainik Power and Cables IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹110.00₹82.00-₹28.00 (25.45%)

Jainik Power and Cables IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
10 Jun ‘25 - 12 Jun ‘25₹1,20,0001,200₹100 - ₹110
Issue SizeIPO Doc
51.30Cr
RHP PDF

Subscription rate

As of 12 Jun'25, 05:00 PM
Qualified Institutional Buyers2.50x
Non-Institutional Investor1.23x
Retail Individual Investor1.97x
Total1.46x

About Jainik Power and Cables

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.;
Founded in
2011
Managing director
Mr Shashank Jain
Parent organisation
Jainik Power Cables Ltd

Strengths & Financials of Jainik Power and Cables

Strengths
Risks
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 is highly dependent on effective inventory management and accurate demand forecasting. The company’s inventory amounted to Rs 21.95 crore in FY25, up from Rs 13.38 crore in FY24 and Rs 8.97 crore in FY23. Any errors in forecasting demand could result in excess stock, increased storage costs, and working capital requirements. Such inaccuracies may adversely affect the company’s profitability, cash flow, and financial condition.
The company depends on third-party transportation providers to procure raw materials and deliver finished products. Any delays caused by transportation issues could lead to manufacturing delays, cancelled orders, or unsatisfied customers. This could negatively impact Jainik Power and Cables’ operations, financial performance, and customer relationships.
The top 10 suppliers accounted for Rs 185.77 crore (54.73 percent), Rs 138.37 crore (41.98 percent), and Rs 52.95 crore (73.07 percent) of the company’s total purchases in FY25, FY24, and FY23, respectively. Any loss of these key suppliers or disruptions in supply could harm the company’s operations.
The top 10 customers accounted for Rs 183.86 crore (52.28 percent), Rs 254.83 crore (75.26 percent) and Rs 49.76 (73.85 percent) of the company’s total revenue in FY25, FY24, and FY23, respectively. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business and financial standing.
The company’s manufacturing operations are concentrated in Sonipat, Haryana. Any adverse developments in the business environment of this region could be detrimental to the company’s revenues and profitability.
The company reported negative cash flow from investing activities amounting to Rs 0.65 crore in FY25, Rs 2.62 crore in FY24, and Rs 4.46 crore in FY23. Furthermore, negative cash flow from financing activities amounted to Rs 0.95 crore in FY24. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
Jainik Power and Cables imports raw materials, making the company vulnerable to fluctuations in foreign currency exchange rates. Any significant fluctuations in exchange rates could adversely affect its results of operations, cash flows, and financial performance.
As of FY25, the company had outstanding financial indebtedness of Rs 19.36 crore. Any failure to service or repay these loans can hurt the company’s operations and financial position.

Jainik Power and Cables Financials

*All values are in Rs. Cr
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Application Details of Jainik Power and Cables IPO

Apply asPrice bandApply Range
Regular100 - 110₹2 - 5 Lakh
High Networth Individual100 - 110₹2 - 5 Lakh
For Jainik Power and Cables IPO, eligible investors can apply as Regular.