Jainik Power Cables Ltd IPO
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Jainik Power Cables Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 46.63 L | TBA | ₹ 19.92 L | ₹ 96.64 L | NSE | ₹ 51.3 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 10 Jun, 25 | 12 Jun, 25 | 1200 | ₹ 1,20,000 | Book Building - SME | 17 Jun, 25 |
Jainik Power Cables Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Aluminium and Aluminium Products |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 1.01x | 445200 | 447600 |
| NII | 1.25x | 1992000 | 2494800 |
| Retail | 2.08x | 1992000 | 4134000 |
| Employee | 0x | 0 | 0 |
| Total | 1.52x | 4663200 | 7076400 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Jainik Power Cables Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 13.26 | 7.47 | 0.36 |
| EBITDA | 14.15 | 8.20 | 0.53 |
| PAT | 9.24 | 5.02 | 0.15 |
| Total Assets | 63.97 | 27.64 | 31.09 |
| Share Capital | 9.68 | 0.57 | 0.57 |
| Total Borrowings | 25.04 | 11.56 | 13.96 |
| Operating Activities (Net Cash) | 10.13 | 5.75 | 0.32 |
| Investing Activities (Net Cash) | 0.00 | 0.05 | -4.31 |
| Financing Activities (Net Cash) | 25.04 | 11.56 | 13.96 |
| Net Cashflow | 5.67 | 3.35 | 0.20 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Jainik Power Cables Ltd
Our Company was originally incorporated as a Private Limited Company with the name Jainik Enterprises Private Limited pursuant to a certificate of incorporation dated May 02, 2011 issued by the RoC in accordance with provisions of the Companies Act, 1956. The name of our Company was subsequently changed to `Jainik Power and Cables Private Limited and fresh certificate of incorporation was issued by the RoC dated February 09, 2024, thereafter upon conversion into a public company, pursuant to a shareholders' resolution dated February 15, 2024, the name of the company finally changed to `Jainik Power and Cables Limited' and fresh Certificate of Incorporation was issued by the RoC dated May 08, 2024. The name of our company was subsequently changed to `Jainik Power Cables Limited' and fresh certificate of incorporation was issued by the ROC dated April 08, 2025. As on date of this Red Herring Prospectus, the Corporate Identification Number of our Company is U27205DL2011PLC218425.
Aluminium is a recyclable environment-friendly metal having a host of applications in a number of diverse sectors - power, transportation, building, construction, packaging and many more. Increasing application, growing environmental concerns & move towards greater use of recyclable materials are driving growth in the world aluminium market. Aluminium represents the second largest metal market in the world, in volume terms, after iron and steel. The aluminium industry encompasses the extraction of the ore (bauxite) as well as primary and secondary processing of the metal. The major end users of aluminium include engineering sector (electrical appliances, power), transport (automobile engines, fabrications), construction (windows, door frames), packaging (aluminium foils, beverage cans) and consumer durables (refrigerators, washing machines) etc. Moreover, while the demand in the western world is fairly distributed across usage sectors, the same is not true for India where the demand is concentrated in electrical and electronics sector. It is predicted that the demand growth of Aluminium in the India in next few years is going to be substantially higher due to projected high GDP growth in India in the coming years. Multiple initiatives of Govt. of India like Make in India, 100% rural electrification, Housing for All, Smart Cities, National infrastructure pipeline of Rs. 100 lakh Crore, renewable energy and FAME (Faster adoption of manufacturing of Hybrid and EV) schemes for electric vehicles, increase in FDI etc. will boost the consumption of the metal in the country.
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. Our Company is a manufacturer and supplier of aluminium wire rods with the good quality practices and compliant with the Highest Environmental, Health, and Safety (EHS) in the manufacturing industry. The company has a Quality Assurance Department which ensures testing through spectrometers for purity checks and detects even hidden impurities.
Peer Comparison:
- Jainik Power Cables Limited
- Hind Aluminium Industries Limited
- Arfin India Limited
Jainik Power Cables Ltd IPO Key Points
Strengths
- Efficient business model with track record of delivering financial growth.
- We believe that our Promoters have played a key role in the development of our business and we benefit from their industry knowledge and expertise, vision and leadership.
- Cordial relations with our consumers.
- We believe that quality and innovations are the key ingredients of success. We have developed quality control processes for inspecting the raw materials as well as the final products.
Risk
- The Company, only has one year of prior experience in manufacturing of aluminium goods which could adversely affect the results of operations and financial condition of the Company.
- The company does not have firm commitments, or long-term agreements with its customers. If the company customers choose not to source their requirements from it or manufacture such products in-house, its business and results of operations may be adversely affected.
- Its business is dependent on effective inventory management and demand forecasting. Any inability to accurately predict demand and manage inventory levels may adversely affect its business, financial condition, results of operations, and cash flows.
Strategy
- Increase in Installed Capacity.
- Expansion and diversification in the same field of business.
- Continue improving financial performance through focus on operational and functional efficiencies.
- Increase wallet share with existing customers and continued focus to expand customer base
- Efficient business model with track record of delivering financial growth.
- We believe that our Promoters have played a key role in the development of our business and we benefit from their industry knowledge and expertise, vision and leadership.
- Cordial relations with our consumers.
- We believe that quality and innovations are the key ingredients of success. We have developed quality control processes for inspecting the raw materials as well as the final products.
How To Apply for Jainik Power Cables Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
