Latest IPO in India: Exciting Jainik Power Cables Ltd IPO (Positive Power-Packed Insight with 5 Key Highlights)
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.
5 Additional SEO‑Optimized Keywords
IPO launch analysis, SME IPO in India, aluminum wire rod manufacturer IPO, Jainik Power subscription update, NSE‑SME IPO June 2025