Jainik Power Cables
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 10 Jun 2025 – 12 Jun 2025
- Listing date
- 17 Jun 2025
- Face value
- ₹10 per share
- Issue price
- ₹110 per share
- Lot size
- 1,200 shares
- Listing at
- NSE
- Total issue size
- ₹51.30 Cr
- Market cap at offer price
- ₹158 Cr
- Promoter holding
- 99.79% → 67.35% pre-issue → post-issue
- ISIN
- INE0XIL01012
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Lead managers
- Fast Track Finsec Pvt.Ltd.
- Registered office
- 39/101A, 1st Floor, Community Centre, Wazirpur Industrial Area, Wazir PurIII, North West, New Delhi
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 2,34,000 | — | — |
Application size
Minimum 1,200 shares per lot, in multiples, at ₹110
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,32,000 |
| S-HNI (min) | 2 | 2,400 | ₹2,64,000 |
| S-HNI (max) | 7 | 8,400 | ₹9,24,000 |
| B-HNI (min) | 8 | 9,600 | ₹10,56,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 9.54 | 6.44 |
| P/E (×) | 11.53 | 17.08 |
| Price to book (×) | 0.80 | — |
| Market cap | — | ₹158 Cr |
Key performance indicators
- Return on net worth
- 56.92%
- ROCE
- 55.92%
- Debt / equity
- 0.79
- PAT margin
- 2.63%
- EBITDA margin
- 3.98%
- NAV per share
- ₹26.59
- Price to book
- 0.80
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Jainik Power Cables
Jainik Power Cables Limited (formerly Jainik Power and Cables Limited) was incorporated in 2011 and operates in the aluminium manufacturing sector. The company transitioned from trading aluminium rods to manufacturing in 2023. It manufactures aluminium wire rods with ISO 9001:2015 and ISO 14001:2015 certifications and maintains a manufacturing facility in Sonipat, Haryana. The company has experienced significant revenue growth at a CAGR of 128.45% from FY 2023 to FY 2025. It maintains a Quality Assurance Department with spectrometer testing capabilities and holds authorization from Haryana State Pollution Control Board for hazardous substance management.
Company Analysis
from RHPJainik Power Cables Limited manufactures aluminium wire rods with one year of manufacturing experience, serving the electrical, electronics, and related industries.
Jainik Power Cables Limited (formerly Jainik Power and Cables Limited) was incorporated in 2011 and operates in the aluminium manufacturing sector. The company transitioned from trading aluminium rods to manufacturing in 2023. It manufactures aluminium wire rods with ISO 9001:2015 and ISO 14001:2015 certifications and maintains a manufacturing facility in Sonipat, Haryana. The company has experienced significant revenue growth at a CAGR of 128.45% from FY 2023 to FY 2025. It maintains a Quality Assurance Department with spectrometer testing capabilities and holds authorization from Haryana State Pollution Control Board for hazardous substance management.
Objects of the Issue
- Working Capital Requirement ₹ 2,350.00 Lakhs p.26
- Fund and set up a plant ₹ 1,099.00 Lakhs p.26
- Repayment of portion of loan availed by our Company ₹ 500.00 Lakhs p.26
- General Corporate Purpose p.26
- Working Capital Requirement 2,350.00 lakhs p.91
- Fund and set up a plant 1,099.00 lakhs p.91
- Repayment of portion of loan availed by our Company 500.00 lakhs p.91
- General Corporate Purposes p.91
- Issue Expenses p.91
- Not specified in this section of the document
Issue Structure
- Total Issue
- ₹ [●] Lakhs (46,63,200 Equity Shares of Face Value Rs. 10/- each)
- Fresh Issue
- 46,63,200 Equity Shares aggregating to INR [●] Lakhs
- Offer for Sale
- Nil
- Price Band
- ₹ [●] per equity share (Floor Price) to ₹ [●] per equity share (Cap Price)
- Lot Size
- [●] equity shares
- Face Value
- ₹ 10/-
Business Model
The company manufactures and supplies aluminium wire rods. Revenue is generated through the sale of aluminium wire rods to customers. The company maintains inventory of raw materials and finished goods, plans production based on demand forecasts, and operates on a make-to-order model with short-term purchase orders from customers rather than long-term fixed supply agreements.
Business Segments
SWOT Analysis
- • Manufacturing operations with quality certifications(p.25)
- • Strong revenue growth trajectory(p.34)
- • Quality assurance capabilities(p.25)
- • Environmental compliance and certifications(p.25)
- • ISO certifications and quality control infrastructure(p.124)
- • Advanced quality assurance using spectrometer technology(p.124)
- • Promoter experience and industry knowledge from trading background(p.125)
- • Established customer relationships and market presence(p.136)
- • Established manufacturing capacity with owned factory premises(p.144)
- • Trademark registrations filed for brand identity protection(p.145)
- • Comprehensive insurance coverage against property damage and loss(p.144)
- • Established manufacturing capability with ISO certifications(p.222)
- • Vertical integration from trading to manufacturing of aluminum wire rods(p.222)
- • Experienced promoter management with combined 32 years in metal industry(p.223)
- • Quality assurance with spectrometry testing for purity checks(p.222)
- • Significant profit improvement through manufacturing transition(p.231)
- • Limited manufacturing experience(p.34)
- • Heavy dependence on few customers(p.36)
- • Heavy dependence on few suppliers(p.36)
- • Significant debt burden(p.44)
- • Lack of long-term customer contracts(p.34)
- • Single geographic facility concentration(p.37)
- • High inventory levels and management risks(p.34)
- • Unregistered Logo/trademark(p.43)
- • High dependence on few large customers(p.131)
- • Significant exposure to raw material price volatility(p.136)
- • Modest capacity utilization at only 60.04%(p.139)
- • Limited financial scale and recent manufacturing entry(p.124)
- • High short-term borrowings relative to equity(p.60)
- • High debt burden relative to equity(p.216)
- • Concentrated shareholding among promoter group and family members(p.176)
- • Unresolved exemption application regarding spouse's family members in promoter group(p.179)
- • Registered office leased from promoter creating related-party dependence(p.144)
- • Insurance of registered office held in promoter's name creating ownership risk(p.144)
- • Dependence on limited customer base(p.229)
- • High concentration of revenue in single geography(p.225)
- • Significant outstanding GST demands(p.240)
- • Negative operating cash flow in FY 2024-25(p.232)
- • Government initiatives driving aluminum demand(p.25)
- • Expanding aluminum market in India(p.25)
- • Capacity expansion strategy(p.43)
- • Working capital financing from IPO proceeds(p.26)
- • Expansion into aluminum cable manufacturing with higher margins(p.135)
- • Growing national infrastructure development driving aluminum demand(p.116)
- • Projected substantial demand growth in aluminum consumption(p.116)
- • Increasing wallet share with existing customers and market expansion(p.136)
- • Planned capacity expansion and new product diversification(p.140)
- • Expansion into aluminium wire rod manufacturing sector(p.209)
- • Diversification through group company trading operations(p.182)
- • SME IPO platform listing to enhance capital access(p.190)
- • Expansion of manufacturing capacity and geographic reach(p.223)
- • Growth through better negotiation power with suppliers(p.229)
- • Margin improvement through increased capacity utilization(p.228)
- • Diversification of product portfolio beyond 9.5mm wire rods(p.223)
- • Volatility in raw material pricing(p.35)
- • Dependence on third-party transportation(p.35)
- • Competitive pressure from better-resourced competitors(p.36)
- • Power supply disruptions(p.37)
- • Natural calamities and operational risks(p.37)
- • Foreign exchange fluctuation risk(p.45)
- • Regulatory and compliance risks in manufacturing(p.35)
- • Statutory compliance delays history(p.39)
- • Global competition from established aluminum manufacturers(p.136)
- • Government policy and regulation changes(p.136)
- • Volatility in raw material prices and international aluminum market dynamics(p.116)
- • Technological disruption in the aluminum industry(p.136)
- • Environmental, health and safety regulatory compliance costs(p.57)
- • Possible future dilution of shareholder ownership through rights issues(p.57)
- • Regulatory compliance requirements across multiple jurisdictions(p.146)
- • Environmental regulations governing manufacturing operations(p.150)
- • Labour law compliance burden(p.146)
- • Commodity price volatility in raw materials(p.208)
- • Foreign exchange exposure on imports(p.207)
- • Dependence on few customers creating revenue concentration risk(p.205)
- • Exposure to London Metal Exchange price fluctuations(p.231)
- • Dependence on external financing with rising interest costs(p.228)
- • Exposure to regulatory and economic policy changes(p.223)
- • Market competition in aluminum manufacturing sector(p.235)
- • Macroeconomic volatility and inflation risks(p.224)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Shashank Jain | Promoter | 31.13% | — |
| Mr. Prateek Jain | Promoter | 19.21% | — |
| Mrs. Anju Jain | Promoter | 16.36% | — |
| Mr. Subhash Chand Jain | Promoter | 13.13% | — |
| Shashank Jain | Promoter | 31.13% | 21.01% |
| Prateek Jain | Promoter | 19.21% | 12.97% |
| Anju Jain | Promoter | 16.36% | 11.04% |
| Subhash Chand Jain | Promoter | 13.13% | 8.86% |
| Shashank Jain | Individual Promoter | 31.13% | — |
| Prateek Jain | Individual Promoter | 19.21% | — |
| Anju Jain | Individual Promoter | 16.36% | — |
| Subhash Chand Jain | Individual Promoter | 13.13% | — |
| Shashank Jain | Promoter/Managing Director | — | — |
| Prateek Jain | Promoter/Director | — | — |
| Anju Jain | Promoter | — | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.