Jainik Power Cables Limited IPO

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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:

Our Company proposes to utilize the funds being raised to fund the following objectives: 1. To meet the Working Capital requirements of the Company; 2. To fund and set up a plant. 3. To Repayment of portion of loan availed by our Company 4. To meet the General Corporate Purposes

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:

Mr. Shashank Jain, Director & MD, aged 38 years is the Promoter and Managing director of the company. He did his MBA from IIPM University. Mr. Shashank Jain, Director of Company has been associated with Jainik Power Cables Limited since May 02, 2011 as Director of the Company. Prior to this, there is no employment in any company. Mr. Prateek Jain, Director & CF, is promoter and Executive Director of the company, he is also holding the CFO position in the company. He assumed the charge as director on the board on January 15,2024 and became CFO on February 27, 2024. He has a wide experience in Purchase and sales department. he is also a director of Passco Impex Private Limited since 01.11.2013 to till date. Mrs. Anju Jain, Director of Company has been associated with Jainik Power Cables Limited since April 02, 2012 as Director of the Company. She is also a director of Passco Impex Private Limited since 18.01.2005 to till date.

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
All data is as per FY25 figures

Lead Manager of Jainik Power Cables Limited IPO:

  1. Fast Track Finsec Private Limited

Registrar of Jainik Power Cables Limited IPO:

  1. Skyline Financial Services Private Ltd

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