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. The Company is a manufacturer and supplier of aluminum wire rods with quality practices and compliant with the Environmental, Health, and Safety (EHS) in the manufacturing industry as certified with the ISO Certificates held by the Company.
Jainik Power Cables, an Book Built Issue Issue amounting to ₹ 51.30 Crores, consisting entirely an Fresh Issue of 46.63 Lakh Shares.The subscription period for the Jainik Power Cables IPO opens on June 10, 2025, and closes on June 12, 2025. The allotment is expected to be finalized on or about Friday, June 13, 2025, and the shares will be listed on the NSE SME with a tentative listing date set on or about Tuesday, June 17, 2025.
The Share Price Band of Jainik Power Cables IPO is set at ₹ 100 to ₹ 110 per equity share. The Market Capitalisation of the Jainik Power Cables Limited at IPO price of ₹ 110 per equity share will be ₹ 157.82 Crores. The lot size of the IPO is 1,200 shares. Retail investors are required to invest a minimum of ₹ 1,32,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹ 2,64,000.
FAST TRACK FINSEC PRIVATE LIMITED is the book running lead manager of the Jainik Power Cables IPO, whileSKYLINE FINANCIAL SERVICES PRIVATE LIMITEDis the registrar for the issue. Rikhav Securities Limited is the Market Maker for Jainik Power Cables IPO.
Jainik Power Cables LimitedIPO GMP Today
The Grey Market Premium of Jainik Power Cables Limited IPO is expected to be ₹ 0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only
Jainik Power Cables LimitedIPO Live Subscription Status Today: Real-Time Update
As of 10:30 AM on 12 June, 2025, the Jainik Power Cables Limited IPO live subscription status shows that the IPO subscribed 1.29 times on Final Day of subscription period. Check the Jainik Power Cables IPO Live Subscription Status Today at NSE.
Jainik Power Cables LimitedDay Wise IPO GMP Trend
Date
IPO Price
Expected Listing Price
GMP
Last Updated
04 June 2025
₹ 110
₹ 110
₹ 0 (0.00%)
11:00 AM; 04 June 2025
Jainik Power Cables Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online Jainik Power Cables IPO allotment date is 13 June, 2025, Friday. Jainik Power Cables IPO Allotment will be out on 13th June, 2025 and will be live on Registrar Website from the allotment date.Check Jainik Power Cables IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Jainik Power CablesLimited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Jainik Power Cables LimitedIPO
Jainik Power Cables proposes to utilise the Net Proceeds towards the following objects: 1. ₹ 2,350.00 Lakh is required to meet the Working Capital requirements of the Company; 2.₹ 1,099.00 Lakh is required to to fund and set up a plant. 3. ₹ 500.00 Lakh is required to to Repayment of portion of loan availed by the Company 4. To meet the General Corporate Purposes; and 5. To meet the Issue Expenses.
46,63,200 Equity Shares (aggregating up to ₹ 51.30 Cr)
Fresh Issue
46,63,200 Equity Shares (aggregating up to ₹ 51.30 Cr)
Offer for Sale
NA
Issue Type
Book Built Issue
Listing At
NSE SME
Share holding pre issue
96,84,500
Share holding post issue
1,43,47,700
Jainik Power Cables IPO Lot Size
Application
Lots
Shares
Amount
Retail (Min)
1
1,200
₹1.32,000
Retail (Max)
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
Jainik Power Cables IPO Timeline (Tentative Schedule)
IPO Open Date
June 10, 2025
IPO Close Date
June 12, 2025
Basis of Allotment
June 13, 2025
Initiation of Refunds
June 16, 2025
Credit of Shares to Demat
June 16, 2025
Listing Date
June 17, 2025
Cut-off time for UPI mandate confirmation
5 PM on June 12, 2025
Jainik Power Cables IPO Reservation
Investor Category
Shares Offered
Reservation %
QIB Portion
1,78,800
10.05% of the Net Issue
Non-Institutional Investor Portion
19,92,000
44.97% of the Net Issue
Retail Shares Offered
19,92,000
44.97% of the Net Issue
Market Maker Portion
2,34,000
5.01% of the Net Issue
Achor Investor Portion
2,66,400
Allotted from QIB Portion
Jainik Power Cables IPO Promoter Holding
Share Holding Pre Issue
99.79 %
Share Holding Post Issue
67.36 %
Jainik Power Cables IPO Subscription Status
Investor Category
Shares Offered
Shares Bid For
No oF Times Subscribed
Qualified Institutional Buyers (QIB)
1,78,800
2,28,000
1.28
Non Institutional Investors(NIIS)
22,26,000
22,05,600
0.99
Non Institutional Investors(NIIS)
19,92,000
32,28,000
1.62
Total
43,96,800
56,61,600
1.29
About Jainik Power Cables Limited
Business Overview
Jainik Power Cables began manufacturing aluminum wire rods in 2023, after over a decade of experience in aluminum rod trading. The company is a certified manufacturer and supplier, operating with stringent Environmental, Health, and Safety (EHS) standards and holds relevant ISO certifications.
The manufacturing facility is located in Sonipat, Haryana, and is authorized by the Haryana State Pollution Control Board for handling hazardous substances, including the use of mineral/synthetic oils in hydraulic systems.
A dedicated Quality Assurance Department conducts spectrometer-based purity checks to detect even hidden impurities. Products are supplied across multiple states, with a strong presence in Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. As at March 31, 2025, the Company’s work force comprised 71 full time employees. The Banker to the Company is Kotak Mahindra Bank Limited.
Industry Analysis
Aluminium Industry Analysis: A Strategic Overview
Widespread Applications and Rising Demand
Aluminium, the third most abundant element in the Earth's crust, is recognized for its eco-friendly and versatile properties. It finds extensive use across sectors such as building and construction, power, automotive, packaging, and household appliances. The growing demand for this lightweight metal mirrors India's accelerating infrastructure development.
According to the European Journal of Business and Management, India's aluminium consumption was projected to reach 10 million tonnes by 2020. Globally, aluminium ranks second only to steel in usage, with an annual consumption of approximately 88 million tonnes (including recycled material). India's per capita consumption, however, stands at just 2.5 kg—far below the global average of 11 kg.
India’s Position and Growth Potential
India holds nearly 10% of the world’s bauxite reserves and has emerged as the fifth-largest aluminium producer globally. With a robust reserve of around 3 billion tonnes, the country’s aluminium sector is expanding rapidly. Currently, the electrical (31%) and building & construction (13%) sectors dominate domestic consumption, but emerging demand from solar and industrial applications is expected to drive future growth.
The aluminium extrusion market in India has experienced significant expansion—growing 150% from 300,000 tonnes in 2010 to 800,000 tonnes in 2018. Construction accounts for about 60% of this demand, while industrial and transportation sectors contribute 28% and 12%, respectively.
Extrusion and Architectural Innovation
The aluminium extrusion process involves shaping metal through a die to form uniform cross-sections, a technique increasingly embraced by modern architects. The advent of advanced technologies in aluminium processing has facilitated complex and aesthetically striking architectural designs, fostering innovation across the construction sector.
Sustainability and Market Drivers
Aluminium’s recyclability, coupled with its diverse applications, makes it integral to a sustainable future. The global push toward green technologies, recyclable materials, and energy-efficient solutions is fueling growth in aluminium consumption. The industry encompasses everything from bauxite mining to primary and secondary processing.
China remains the world leader in aluminium production and consumption, accounting for 36.7 million tonnes in 2020—around 56.7% of global output. Global demand surged in 2021, reaching record highs of 67.4 million tonnes (Harbor Intelligence), propelled by post-pandemic economic stimulus, tight scrap supply, and growing investment in green infrastructure and capital goods.
Sector-Wise Demand
Major end-users include the electrical and power sectors, automotive, construction, packaging (such as foils and beverage cans), and consumer durables (like refrigerators and washing machines). Unlike the West, where demand is distributed across multiple sectors, India's aluminium consumption is still concentrated primarily in electrical applications.
Government Initiatives and Future Outlook
India’s aluminium demand is set to rise sharply, driven by economic growth and government initiatives like "Make in India," 100% rural electrification, "Housing for All," Smart Cities, the ₹100 lakh crore National Infrastructure Pipeline, renewable energy targets, and FAME incentives for electric vehicles. Increased FDI inflows also support domestic industry growth.
Aluminium Nitride Market: A Niche Segment with High Potential
Aluminium nitride (AlN), known for its exceptional thermal conductivity, is gaining traction across high-tech applications. Produced via carbothermal reduction of aluminium oxide under nitrogen or ammonia gas, AlN exhibits superior electrical insulation, mechanical strength, and minimal toxicity compared to other nitrides.
Market Drivers and Applications
The rise in demand for thermally conductive materials, especially in EVs and semiconductor packaging, is propelling the aluminium nitride market. Its use in thermocouple insulators, evaporation boats, grinding media, and crystal-growing crucibles adds to its industrial relevance. However, higher production costs compared to alumina or zirconia remain a key challenge.
Segmentation and Growth Outlook
The market is segmented by grade (technical and analytical), production method (carbothermal, direct nitridation, and nitridation), form (powder, granules, sheets), and applications (microelectronics, automotive, aeronautics, emission control, and others). Asia-Pacific leads global consumption, and technical-grade AlN is expected to dominate due to its superior performance.
Key Market Players
Leading companies include TOYO ALUMINIUM K.K., Surmet Corporation, Liaoning Desunmet, FURUKAWA CO., LTD., Ferro Ceramic Grinding, MARUWA Co., Ltd., Tokuyama Corporation, Precision Ceramics USA, Thrutek Applied Materials, and CeramTec.
India’s Global Role in Aluminium Production
In Q1 2022, global aluminium consumption reached 16.49 million tonnes against a production of 16.19 million tonnes.
Global aluminium production rose to 69 million metric tonnes in 2022, up from 67.5 million in 2021 (US Geological Survey).
India contributed 6.14% to global aluminium production in 2022.
With 4 billion tonnes of high-grade bauxite, India ranks fourth globally in reserves.
Despite a per capita consumption of just 2.5 kg, India is poised to triple its aluminium usage from 2.6 million tonnes in 2021 to 9.5 million tonnes by 2030.
Economic Momentum Supporting Aluminium Demand
Aluminium consumption is projected to grow at a CAGR exceeding 10%, driven by electric vehicles, renewable energy, infrastructure upgrades, consumer goods, and strategic sectors like aerospace and defense.
Before the pandemic, India and China led global growth in aluminium consumption, each maintaining around 10% annual growth.
In India, aluminium demand doubled from 2.2 million tonnes in FY11 to 4 million tonnes in FY19.
With strong GDP growth, urbanization, and a push for self-reliance in infrastructure, automotive, aviation, defense, and power, India's aluminium consumption is expected to hit 7.2 million tonnes within five years.
Business Strategies
1. Capacity Expansion
Increase installed capacity to enhance batch process efficiency, optimize power usage, and fully realize economies of scale.
2. Product Line Diversification
Expand manufacturing portfolio to include Aerial Bunch Cables, Power Cables, and Aluminum Conductors.
3. Operational Efficiency
Improve financial performance through cost optimization, streamlined production via Time and Motion studies, and adoption of eco-friendly methods such as solar energy for reduced electricity costs.
4. Customer Base Growth
Strengthen market share by increasing wallet share from existing clients and expanding outreach through established sales networks and product range.
Business Risk Factors and Concerns
1. Limited Manufacturing Experience
Only one year of experience in aluminum goods manufacturing may hinder operational efficiency and affect financial performance despite recent growth in revenue (CAGR of 128.45%) and EBITDA (CAGR of 221%) from FY 2023 to FY 2025.
2. Geographical Concentration Risk
All manufacturing operations are concentrated in Sonipat, Haryana, making the business vulnerable to regional disruptions, local competition, and infrastructure constraints.
3. Inventory and Demand Forecasting
Business performance relies heavily on accurate inventory management and demand prediction. Inaccurate forecasts can result in overstocking, reduced profitability, and cash flow issues.
4. Raw Material Price Volatility
Absence of long-term contracts for key raw materials like aluminum ingots and litho sheets exposes operations to market-driven price fluctuations, supply chain disruptions, and dependency risks.
5. Operational Challenges in Manufacturing
Transitioning from trading to manufacturing introduces complexities in production planning, process control, and quality assurance, posing risks of inefficiencies or customer dissatisfaction if not managed effectively.
Jainik Power Cables faces key business risks due to its recent entry into manufacturing, geographical concentration, inventory and supply chain challenges, and raw material price volatility. These factors may significantly impact operational efficiency, financial performance, and growth sustainability.
Jainik Power Cables Limited Financial Information (Restated Consolidated)
Amount in (₹ in Lakh)
Period Ended
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Reserve of Surplus
1,490.69
729.16
227.30
212.64
Total Assets
7,118.58
3,550.03
3,665.79
2,766.95
Total Borrowings
1,936.42
1,712.76
1,682.70
1,462.45
Fixed Assets
717.50
695.08
37.87
61.86
Cash
567.48
335.24
19.98
11.87
Net Borrowing
1,368.94
1,377.52
1,662.72
1,450.58
Revenue
35,237.96
33,923.17
6,748.72
6,421.32
EBITDA
1,468.95
872.46
145.97
131.64
PAT
923.60
501.86
14.66
6.40
EPS
9.99
6.03
0.18
0.08
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP. Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP. Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP. Note 4:- Price to Book Value calculation in KPI is based on 31st March, 2025 Data, given in PROSPECTUS.
Key Performance Indicator
KPI
Values
EPS Pre IPO (Rs.)
₹ 9.99
EPS Post IPO (Rs.)
₹ 6.44
P/E Pre IPO
11.01
P/E Post IPO
17.09
ROE
56.92 %
ROCE
55.92 %
P/BV
4.08
Debt/Equity
0.79
RoNW
56.92 %
Jainik Power Cables Limited IPO Peer Comparison
Company Name
EPS
ROCE
ROE
P/E (x)
P/Bv
Debt/Equity
RoNW (%)
Jainik Power Cables Limited
₹ 6.44
55.92 %
56.92 %
17.09
4.08
0.79
56.92 %
Hind Aluminium Industries Limited
₹ 11.8
14.1 %
10.2 %
5.78
0.62
0.00
10.2 %
Arfin India Limited
₹ 0.54
14.0 %
7.23 %
51.0
2.98
0.75
7.23 %
Jainik Power Cables Limited Contact Details
JAINIK POWER CABLES LIMITED
39/101A, 1st Floor, Community Centre, Wazirpur Industrial Area, Wazir PurIII, North West Delhi, Delhi, India, 110052 Contact Person : Ms. Kumari Sonal Telephone : +91-9999268508 Email : info@jainikpower.com Website : https://jainiklimited.com/
Jainik Power Cables IPO Registrar and Lead Manager(s)
Lead Manager : FAST TRACK FINSEC PRIVATE LIMITED Contact Person : Ms. Sakshi Telephone : +91-11-43029809 Email : mb@ftfinsec.com; investor@ftfinsec.com Website : https://www.ftfinsec.com/
Jainik Power Cables IPO Review
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. The Company is a manufacturer and supplier of aluminum wire rods with quality practices and compliant with the Environmental, Health, and Safety (EHS) in the manufacturing industry as certified with the ISO Certificates held by the Company.
The Company is led by the Promoters comprising their Managing Director, Mr. Shashank Jain, and the Director, Mr. Prateek Jain, who have a combined experience of approximately about 32 years in the metal industry. Each of the Promoters are involved in the critical aspects of the business, including expansion, process and plant, finance, sales and marketing.
The Revenues from operations for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹ 35,237.96 Lakh, ₹ 33,923.17 Lakh, ₹ 6,748.72 Lakh and ₹ 6,421.32 Lakh respectively. The EBITDA for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹ 1,468.95 Lakh, ₹ 872.46 Lakh, ₹ 145.97 Lakh, and ₹ 131.64 Lakh, respectively. The Profit after Tax for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹ 923.60 Lakh, ₹ 501.86 Lakh, ₹ 14.66 Lakh, and ₹ 6.40 Lakh respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹9.99 and post-issue EPS of ₹ 6.44 for FY24.The pre-issue P/E ratio is 11.01x, while the post-issue P/E ratio is 17.09x against the Industry PE ratio is 8.00x. The company's ROCE for FY24 is 55.92%, ROE for FY24 is 56.92% and RoNW is 56.92%. These metrics suggest that the IPO is fully priced.
The Grey Market Premium (GMP) of Jainik Power Cables showing listing gains of 0.00 %. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Jainik Power Cables Limited IPO for Listing gain.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
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