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Jainik Power IPO
Price Band
₹100.0–110.0
Issue Size
₹51.3 Cr
Lot Size
1,200 shares
Min Investment
₹132,000
GMP
—
Issue Price
₹110.0
Jainik Power IPO AI Summary
- Jainik Power IPO is listed on NSE SME in the Aluminium sector.
- Price band: ₹100.0–₹110.0 per share, lot size 1,200 shares (min. investment ₹132,000).
- Subscription window: 10 Jun–12 Jun 2025, listing on 17 Jun 2025.
Jainik Power and Cables Limited is set to launch its IPO with a price band of ₹100.0 to ₹110.0, aiming to raise ₹51.3 Cr. The company has shown significant growth in total income and profit after tax over the past few years, and it plans to utilize the funds for working capital, plant setup, loan repayment, and other corporate purposes.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Jainik Power IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 12 Jun 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Jainik Power IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 71.19 | 35.50 | 36.66 |
| Total Income | 352.38 | 339.23 | 67.49 |
| Profit After Tax | 9.24 | 5.02 | 0.15 |
| NET Worth | 24.59 | 7.86 | 2.84 |
| Reserves and Surplus | 14.91 | 7.29 | 2.27 |
| Total Borrowing | 19.36 | 17.13 | 16.83 |
Key Ratios
EPS
₹9.54
NAV
₹26.59
ROE
56.92%
ROCE
55.92%
RoNW
56.92%
P/B Value
0.80
P/E Ratio
11.53
Market Cap
₹157.82 Cr
PAT Margin
2.63%
Debt/Equity
0.79
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Arfin India Ltd | 9.29 | 7.23% | 43.23 | 0.54 | 0.54 |
| Hind Aluminium Industries Ltd. | 109.43 | 2.94% | 13.73 | 3.17 | 3.17 |
| Jainik Power and Cables Limited This IPO | 26.59 | 56.92% | — | 9.99 | 9.99 |
Promoters
Shashank Jain, Prateek Jain, Anju Jain and Subhash Chand Jain
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Working Capital Requirement 23.50 2 Fund and set up a plant 10.99 3 Repayment of portion of loan availed by the company 5.00 4 General Corporate Purposes 6.93 5 Issue Expenses 4.87 Total 51.30
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹67.49 Cr in the year ending 31 Mar 2023, rising to ₹339.23 Cr by 31 Mar 2024, and further increasing to ₹352.38 Cr by 31 Mar 2025.
Profit Trend
Profit after tax was ₹0.15 Cr for the year ending 31 Mar 2023, increasing to ₹5.02 Cr by 31 Mar 2024, and further rising to ₹9.24 Cr by 31 Mar 2025.
Valuation
Jainik Power and Cables Limited has an implied P/E ratio of approximately 11.53 at the issue price, compared to peers trading at P/E ratios ranging from 13.73 to 43.23.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. It provides an indication of the potential demand for an IPO, often reflected in the Grey Market Premium (GMP). A higher GMP suggests strong demand, while a lower or negative GMP indicates weaker demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy, considering factors like the company's growth potential and industry position.
Who May Want to Wait
Investors who are risk-averse or uncomfortable with the potential for short-term fluctuations in share prices may want to avoid investing in IPOs, especially in sectors that can be volatile like manufacturing.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscription is on June 10, 2025, with the closing date on June 12, 2025. Allotment of shares will be on June 13, 2025, and the listing date is set for June 17, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit made when shares are sold on the stock exchange on the first day of trading. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-IPO. Investors should be aware that listing-day prices can fluctuate significantly.
This evaluation is generated from Jainik Power's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Jainik Power IPO?
The price band of Jainik Power IPO is ₹100.0–₹110.0 per share.
When does Jainik Power IPO open and close?
Jainik Power IPO opens on 10 June 2025 and closes on 12 June 2025.
When does Jainik Power IPO list on the stock exchange?
Jainik Power IPO listed on 17 June 2025 at ₹110.0.
What is the lot size for Jainik Power IPO?
The lot size for Jainik Power IPO is 1200 shares, requiring a minimum investment of ₹132,000.
What is the lot size for this IPO?
The lot size for Jainik Power and Cables Limited's IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹132,000.
What is the price band for the IPO?
The price band for the IPO is between ₹100.0 and ₹110.0.
When is the listing date?
The listing date for the IPO is June 17, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount of the IPO shares in the grey market before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
10 Jun 2025
Close
12 Jun 2025
Allotment
13 Jun 2025
Listing
17 Jun 2025
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