Jainik Power Cables Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Jainik Power Cables Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹110
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,32,000
Issue Size
₹51.3 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
45%
QIB Quota
10%
NII Quota
45%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Jainik Power Cables Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.79%
Promoter Holding (Post-Issue)
67.36%
Issue Type
Book Building - SME
ISIN
INE0XIL01012
About the Company
Jainik is engaged in manufacturing aluminum wire rods from the year 2023, and it's been more than a decade since the company has worked in the metal industry, before the manufacturing the company deals in the trading of aluminum rods. Our Company is a manufacturer and supplier of aluminium wire rods with the good quality practices and compliant with the Highest Environmental, Health, and Safety (EHS) in the manufacturing industry. The company has a Quality Assurance Department which ensures testing through spectrometers for purity checks and detects even hidden impurities.
Industry Overview
Aluminium is a recyclable environment-friendly metal having a host of applications in a number of diverse sectors - power, transportation, building, construction, packaging and many more. Increasing application, growing environmental concerns & move towards greater use of recyclable materials are driving growth in the world aluminium market. Aluminium represents the second largest metal market in the world, in volume terms, after iron and steel. The aluminium industry encompasses the extraction of the ore (bauxite) as well as primary and secondary processing of the metal. The major end users of aluminium include engineering sector (electrical appliances, power), transport (automobile engines, fabrications), construction (windows, door frames), packaging (aluminium foils, beverage cans) and consumer durables (refrigerators, washing machines) etc. Moreover, while the demand in the western world is fairly distributed across usage sectors, the same is not true for India where the demand is concentrated in electrical and electronics sector. It is predicted that the demand growth of Aluminium in the India in next few years is going to be substantially higher due to projected high GDP growth in India in the coming years. Multiple initiatives of Govt. of India like Make in India, 100% rural electrification, Housing for All, Smart Cities, National infrastructure pipeline of Rs. 100 lakh Crore, renewable energy and FAME (Faster adoption of manufacturing of Hybrid and EV) schemes for electric vehicles, increase in FDI etc. will boost the consumption of the metal in the country.
Company History
Our Company was originally incorporated as a Private Limited Company with the name "Jainik Enterprises Private Limited" pursuant to a certificate of incorporation dated May 02, 2011 issued by the RoC in accordance with provisions of the Companies Act, 1956. The name of our Company was subsequently changed to `Jainik Power and Cables Private Limited" and fresh certificate of incorporation was issued by the RoC dated February 09, 2024, thereafter upon conversion into a public company, pursuant to a shareholders' resolution dated February 15, 2024, the name of the company finally changed to `Jainik Power and Cables Limited' and fresh Certificate of Incorporation was issued by the RoC dated May 08, 2024. The name of our company was subsequently changed to `Jainik Power Cables Limited' and fresh certificate of incorporation was issued by the ROC dated April 08, 2025. As on date of this Red Herring Prospectus, the Corporate Identification Number of our Company is U27205DL2011PLC218425.
Products & Services
- Jainik is engaged in manufacturing aluminum wire rods from the year 2023.
Growth Strategy
- Increase in Installed Capacity.
- Expansion and diversification in the same field of business.
- Continue improving financial performance through focus on operational and functional efficiencies.
- Increase wallet share with existing customers and continued focus to expand customer base
Customer Base
wholesaler and retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Public issue of 46,63,200 equity shares of face value Rs. 10/- each of Jainik Power and Cables Limited. ("Jainik" or the "Company" or the "Issuer") for cash at a price of Rs. 110/- per equity share including a share premium of Rs. 100/- per equity share (the "Issue Price") Aggregating to Rs. 51.30 crores ("The Issue"), of which 2,34,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 110/- per equity share including a share premium of Rs. 100/- per equity share aggregating to Rs. 2.57/- crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Net issue of 44,29,200 equity shares of face value of Rs. 10/- each at a price of Rs. 110/- per equity share including a share premium of Rs. 100/- per equity share aggregating to Rs. 48.73 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 32.50% and 30.87%, respectively of the post issue paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Efficient business model with track record of delivering financial growth.
- We believe that our Promoters have played a key role in the development of our business and we benefit from their industry knowledge and expertise, vision and leadership.
- Cordial relations with our consumers.
- We believe that quality and innovations are the key ingredients of success. We have developed quality control processes for inspecting the raw materials as well as the final products.
- The Company, only has one year of prior experience in manufacturing of aluminium goods which could adversely affect the results of operations and financial condition of the Company.
- The company does not have firm commitments, or long-term agreements with its customers. If the company customers choose not to source their requirements from it or manufacture such products in-house, its business and results of operations may be adversely affected.
- Its business is dependent on effective inventory management and demand forecasting. Any inability to accurately predict demand and manage inventory levels may adversely affect its business, financial condition, results of operations, and cash flows.
- Volatility in the supply and pricing of its raw materials may have an adverse effect on its business, financial condition and results of operations. The company raw material suppliers could fails to meet their obligations, which may have a material adverse effect on its business, results of operations and financial condition.
- Its lack of prior experience in manufacturing may have a material adverse effect on the company business, operations, and financial performance.