Jainik Power Cables Limited IPO
Jainik is an emerging player in the Indian aluminum industry, primarily engaged in the manufacturing and supply of aluminum wire rods, with operations based in Sonipat, Haryana. Although the company commenced its manufacturing operations on April 1, 2023, it brings over a decade of industry experience, having established a strong presence in the aluminum trading ecosystem prior to its manufacturing debut.
Legacy in Metal Trading
Established initially as a trading firm, Jainik built its foundation through the import and supply of aluminum scrap and ingots, catering to wire rod manufacturers and other downstream users. From FY 2019-20, it diversified into the trading of aluminum wire rods, further strengthening its position in the supply chain and deepening its market insights.
Transition to Manufacturing
Leveraging their experience and industry relationships, the promoters—Mr. Shashank Jain and Mr. Prateek Jain—strategically transitioned the business into manufacturing aluminum wire rods. The company invested in land acquisition (FY 2021-22 and FY 2022-23), infrastructure development, and capital expenditure to set up a full-fledged plant. Their plant is certified with ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015, validating their adherence to quality, environmental, and safety standards.
Product Offering and Operations
Currently, Jainik manufactures 9.5 mm aluminum wire rods, supplying to key industrial states including Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. The company ensures stringent quality control through a dedicated Quality Assurance Department equipped with spectrometers for purity and impurity detection. It also complies with Environmental, Health, and Safety (EHS) norms and holds a hazardous waste management license from the Haryana State Pollution Control Board.
Objects of the Jainik Power Cables Limited IPO:
Jainik Power Cables Limited IPO Details:
Open Date: | Jun 10 2025 |
Close Date: | Jun 12 2025 |
Total Shares: | 46,63,200 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Book Building |
Issue Size: | 51.30 Cr. |
Lot Size: | 1200 Shares |
Issue Price: | ₹ 100-110 Per Equity Share |
Listing At: | NSE Emerge |
Promoters And Management:
Financials of Jainik Power Cables Limited IPO:
Particulars (in Cr) | FY 2025 | FY 2024 | FY 2023 |
Revenue from operations | 352 | 339 | 67 |
EBITDA | 14 | 8 | 1.35 |
EBITDA (%) Margin | 3.98% | 2.40% | 2.01% |
ROCE (%) | 55.92% | 52.30% | 14.88% |
Operating cash flow | -5.32 | 6.72 | 3.44 |
PAT | 9.24 | 5.02 | 0.15 |
PAT Margin | 2.63% | 1.48% | 0.22% |
Net Worth | 25 | 7.8 | 2.8 |
ROE/ RONW | 56.92% | 93.77% | 5.29% |
Comparison With Peers:
Name of the Companies | Revenue (Cr) | EBITDA Margin | PAT Margin | P/E | D/E | Mcap (cr) |
Jainik Power Cables Limited | 352 | 3.98% | 2.63% | 17 | 0.38 | 158 |
Hind Aluminium Industries Limited | 3.07 | -63% | 47.5% | 5.92 | 0 | 44 |
Arfin India Limited | 616 | 6% | 1.45% | 49.5 | 0.75 | 453 |
Lead Manager of Jainik Power Cables Limited IPO:
Registrar of Jainik Power Cables Limited IPO:
Discussion on Jainik Power Cables Limited IPO:
Leave a Reply
You must be logged in to post a comment.