Incorporated in May 2011, Jainik Power and Cables Limited has been manufacturing aluminum wire rods since 2023 and has over a decade of experience in the metal industry, previously trading in aluminum rods.
The company manufactures and supplies aluminum wire rods, adhering to Environmental, Health, and Safety (EHS) standards, as certified by ISO certifications. Its Quality Assurance Department conducts purity tests using spectrometers to detect hidden impurities.
The company's manufacturing facility in Sonipat, Haryana, is certified with ISO ISO 9001:2015 and ISO 45001:2018 from Innovative Systemcert Pvt. Ltd. (Accredited by EGAC, International Accreditation Forum) and ISO 14001:2015 from United Accreditation Foundation, ensuring quality, environmental, and safety practices.
The company sells its products in the states of Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand.
As of May 05, 2025, the company has 71 employees.
| Purpose | Amount (₹ Cr) |
|---|---|
| Working Capital Requirement | ₹24 |
| Fund and set up a plant | ₹11 |
| Repayment of portion of loan availed by the company | ₹5 |
| General Corporate Purposes | ₹7 |
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 71 | 36 | 37 |
| Revenue | 352 | 339 | 67 |
| PAT | 9 | 5 | 0 |
| Net Worth | 25 | 8 | 3 |
| Reserves | 15 | 7 | 2 |
| Total Borrowing | 19 | 17 | 17 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 445,200 (10%) | — |
| NII / HNI | — | 1,992,000 (43%) | — |
| Retail (RII) | — | 1,992,000 (43%) | — |
| Market Maker | — | 234,000 (5%) | — |
| Total | — | 4,663,200 (100%) | — |
* Amount calculated at upper price band (₹110) · ** Total includes all investor categories
- 1 Initiation of Refund 16 Jun 2025
- 2 Credit of Shares to Demat 16 Jun 2025
- Retail allocation is good at 43% of the total offering.
- HNI/NII demand is strong at 43%.
- Institutional (QIB) interest is good at 10%.
- The IPO P/E of 17x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹10 compares to post-issue EPS of ₹6 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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