Jainik Power and Cables Limited, a Delhi-based manufacturer specializing in aluminium wire rods. Jainik Power and Cables IPO will be open for public bidding from June 10 to June 12, 2025. The company aims to raise ₹51.30 crore through this public issue, which is entirely a fresh issue of 46.63 lakh equity shares. Investors can apply within this three-day subscription window
Jainik Power and Cables IPO Details
| IPO Opening Date | June 10, 225 |
| IPO Closing Date | June 12, 2025 |
| Price Band | ₹100 to ₹110 per share |
| Lot Size | 1,200 shares |
| Minimum Investment | ₹1,32,000 |
| Issue Size | ₹51.30 crore |
| Face Value | ₹10 per share |
| Listing Platform | NSE SME |
| Listing Date | June 17, 2025 |
Company Overview
Established in 2011, Jainik Power and Cables Limited transitioned from trading aluminium rods to manufacturing aluminium wire rods in 2023. The company operates a manufacturing facility in Sonipat, Haryana, and supplies its products to various states, including Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. With over a decade of experience in the metal industry, the company adheres to stringent quality practices and complies with Environmental, Health, and Safety (EHS) standards.
Financial Performance
The company’s financial performance over the past three fiscal years is as follows:
| Fiscal Year | Revenue (₹ crore) | Profit After Tax (₹ crore) |
|---|---|---|
| 2023 | 67.38 | 0.15 |
| 2024 | 338.62 | 5.02 |
| 2025 | 351.69 | 9.24 |
Key Financial Ratios (FY2025)
| Metric | Value |
|---|---|
| Earnings Per Share (EPS) | ₹9.99 |
| Return on Net Worth (RoNW) | 56.92% |
| Return on Capital Employed (ROCE) | 55.92% |
| EBITDA Margin | 3.98% |
| PAT Margin | 2.63% |
| Debt-to-Equity Ratio | 0.79 |
Utilization of IPO Proceeds
The net proceeds from the IPO will be utilized for the following purposes:
| Purpose | Amount (₹ crore) | Percentage (%) |
|---|---|---|
| Working Capital Requirements | 23.50 | 45.81% |
| Setting up a New Plant | 10.99 | 21.42% |
| Loan Repayment | 5.00 | 9.75% |
| General Corporate Purposes | 11.81 | 23.02% |
Promoters
The promoters of Jainik Power and Cables Limited are:
- Mr. Shashank Jain
- Mr. Prateek Jain
- Mrs. Anju Jain
- Mr. Subhash Chand Jain
Registrar and Lead Manager
- Registrar: Skyline Financial Services Private Ltd
- Lead Manager: Fast Track Finsec Pvt Ltd
Also Read: Suzlon Energy Share Price Soars 13% After Q4 Profit Jumps 365%
Conclusion
Jainik Power and Cables Limited IPO presents an opportunity for investors to participate in the growth of a company with a strong presence in the aluminium wire rod manufacturing sector. With a consistent financial performance and strategic utilization of IPO proceeds aimed at expansion and debt reduction, the company is poised for future growth.However, potential investors should consider their investment objectives and consult with financial advisors before making investment decisions.
Disclaimer:
The content on Equitywatch.in is for informational purposes only and should not be treated as investment advice. Investing in stocks and IPOs involves risk. Readers are advised to do their own research or consult a financial advisor before making any investment decisions. Equitywatch.in is not liable for any financial losses incurred based on the information provided.
