Jainik Power Cables IPO To Open On June 10th
By Ankur Chandra | Published at: Jun 5, 2025 05:14 PM IST
New Delhi, June 5, 2025 — Jainik Power Cables Limited is set to open its initial public offering (IPO) on June 10, 2025, aiming to raise funds through a fresh issue of equity shares. The company, which transitioned from trading to manufacturing of aluminium wire rods in 2023, is offering 46,63,200 equity shares via the book-building route on the NSE Emerge platform.
IPO Snapshot
| Detail | Info |
|---|---|
| Issue Opens | June 10, 2025 |
| Issue Closes | June 12, 2025 |
| Price Band | ₹[To be announced] |
| Issue Size | 46,63,200 equity shares (₹[●] lakh) |
| Market Maker | 2,34,000 equity shares |
| Net Issue | 44,29,200 equity shares |
| Listing Exchange | NSE Emerge |
| Allotment Date | [To be announced] |
| Listing Date | [To be announced] |
Company Background
Incorporated in 2011 and formerly engaged in aluminium rod trading, Jainik Power Cables Limited forayed into manufacturing aluminium wire rods in FY 2023–24. The company’s Sonipat, Haryana-based ISO-certified plant supports in-house quality checks using spectrometers to ensure purity and compliance with high Environmental, Health & Safety (EHS) standards.
Financial Highlights
As per the restated financials:
- FY25 revenue from operations: ₹35,168.95 lakh
- Profit After Tax (PAT): ₹923.60 lakh
- EPS (Basic & Diluted): ₹9.99
- Net Worth: ₹2,459.14 lakh
- Total Borrowings: ₹1,936.42 lakh
Use of Proceeds
The net proceeds from the IPO will be used for:
- Working capital: ₹2,350 lakh
- Setting up a new plant: ₹1,099 lakh
- Loan repayment: ₹500 lakh
- General corporate purposes: ₹[●] lakh
Promoter & Offer Structure
- Promoters: Mr. Shashank Jain, Mr. Prateek Jain, Mrs. Anju Jain, and Mr. Subhash Chand Jain
- Promoter shareholding pre-issue: ~79.83%
- Offer type: Entirely fresh issue (no OFS)
Lead Manager & Registrar
- Book Running Lead Manager: Fast Track Finsec Pvt Ltd
- Registrar: Skyline Financial Services Pvt Ltd
What to Watch
- Company has just 1 year of manufacturing experience despite over a decade in aluminium trading.
- Revenue concentration is high: top 10 customers account for over 52% of FY25 sales.
- Jainik has no long-term purchase contracts; relies on short-term orders.
Conclusion
With a strong push into manufacturing, Jainik Power Cables is positioning itself as a serious player in India’s aluminium wire rod market. The IPO is slated for listing on NSE Emerge, with investors closely watching how the company leverages proceeds to fuel its expansion.
REF: https://nsearchives.nseindia.com/emerge/corporates/content/JainikPowerCablesLimited_RHP.pdf
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