Founded in 2011, Jainik Power Cables Ltd transitioned from trading aluminum rods to manufacturing aluminum wire rods in April 2023. Operating from a modern ISO-certified facility in Sonipat, Haryana, the company now supplies 9.5 mm aluminum wire rods used in ACSR conductors, cable wires, and electrical wiring across Delhi, Haryana, Rajasthan, UP, and Uttarakhand.

IPO Timeline

• Opening Date: 10 June 2025
• Closing Date: 12 June 2025
• Basis of Allotment: 13 June 2025
• Refund Initiation & Credit of Shares: 16 June 2025
• Listing Date (NSE‑SME): 17 June 2025

Price Band

The IPO price band is ₹100–₹110 per equity share (face value ₹10).

Lot Size

Minimum subscription is 1,200 shares → ₹132,000 minimum investment.

Key Dates

Event	Date
IPO Opens	10‑June‑2025
IPO Closes	12‑June‑2025
Allotment Date	13‑June‑2025
Refund / Credit Date	16‑June‑2025
Listing Date	17‑June‑2025

Financials

• IPO size: ₹51.3 cr via issuance of 4.6632 million fresh shares
• FY25 revenue: ₹351.69 cr (~₹35,168.95 lakh)
• FY25 PAT: ₹9.24 million (~₹0.9236 cr)
• Net worth: ₹245.9 lakh
• Debt (FY25): ₹193.6 lakh

Strengths

• Vertical integration: shifted from trading to manufacturing
• ISO-certified plant ensuring quality, safety & environmental compliance
• Promoter experience in metallurgy and wire-rod segments
• Expanding geographical footprint across North India

Risks

• Just one year of manufacturing experience could hamper scalability
• High customer concentration with no long-term contracts
• Raw material price volatility and inventory management challenges
• Dependence on third-party logistics

IPO Anchor Investors & Promoter Holding

Category	Shares (Nos)	%
Anchor Investors	266,400	4.90%
QIBs	445,135	10.05%
HNI (NII)	1,991,811	44.97%
Retail (RII)	1,991,811	44.97%
Total Fresh Issue	4,429,200	100%

IPO Promoter Holding

Period	Promoter Holding Pre‑Issue	Post‑Issue
Pre‑IPO	~99.79%	–
Post‑IPO	–	67.36%

IPO Grey Market Premium (GMP)

Date	GMP	Implied Listing Price
~6 Jun 2025	₹0	₹110

Final Thoughts

Jainik Power Cables’ IPO represents a fresh opportunity in India’s SME manufacturing space. With a robust transition to production, ISO-backed quality framework, and strong leadership, it certainly bears promise. However, investors should weigh the limited manufacturing tenure, customer concentration, raw material exposure, and logistics dependencies. GMP being flat suggests stability rather than speculation.

If you consider:

• A ₹132,000 entry point (1 lot) at ₹110,
• Holding for potential SME listing gains (~5–15% typical),
• And assessing long-term manufacturing execution —

Then Jainik Power may offer a balanced risk–return proposition.

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