Comparison between Jainik Power IPO and Shipwaves Online IPO.
Jainik Power IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shipwaves Online IPO is a SME Fixed Price proposed to list at BSE SME.
| Jainik Power IPO | Shipwaves Online IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Novus Capital Advisors Private Limited | Finshore Management Services Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Rikhav Securities Ltd. | Anant Securities |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Jainik Power IPO is up to ₹48.72 Cr whereas the issue size of the Shipwaves Online IPO is up to ₹53.53 Cr. The final issue price of Jainik Power IPO is ₹110.00 per share and of Shipwaves Online IPO is ₹12.00 per share.
| Jainik Power IPO | Shipwaves Online IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹1 per share |
| Issue Price (Lower) | ₹100.00 per share | |
| Issue Price (Upper) | ₹110.00 per share | |
| Issue Price (Final) | ₹110.00 per share | ₹12.00 per share |
| Discount (Retail) | ₹0.00 per share | |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 1200 shares | 10000 shares |
| Fresh Issue Size | 44,29,200 shares | 4,46,10,000 shares |
| Fresh Issue Size (Amount) | up to ₹48.72 Cr | up to ₹53.53 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 44,29,200 shares | 4,46,10,000 shares |
| Issue Size Total (Amount) | up to ₹48.72 Cr | up to ₹53.53 Cr |
Jainik Power IPO opens on Jun 10, 2025, while Shipwaves Online IPO opens on Dec 10, 2025. The closing date of Jainik Power IPO and Shipwaves Online IPO is Jun 12, 2025, and Dec 12, 2025, respectively.
| Jainik Power IPO | Shipwaves Online IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jun 10, 2025 | Dec 10, 2025 |
| Issue Close | Jun 12, 2025 | Dec 12, 2025 |
| Basis Of Allotment (Tentative) | Jun 13, 2025 | Dec 15, 2025 |
| Initiation of Refunds (Tentative) | Jun 16, 2025 | Dec 16, 2025 |
| Credit of Share (Tentative) | Jun 16, 2025 | Dec 16, 2025 |
| Listing date (Tentative) | Jun 17, 2025 | Dec 17, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Jainik Power IPO P/E ratio is 11.53, as compared to Shipwaves Online IPO P/E ratio of 9.3.
| Jainik Power IPO | Shipwaves Online IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)Jainik Power Cables Ltd.'s revenue increased by 4% and profit after tax (PAT) rose by 84% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)Shipwaves Online Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 94% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 99.79 | 99.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.35 | 66.73 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.53 | 9.3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹157.82 Cr. | ₹169.79 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 56.92 | 50.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 55.92 | 25.79 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.79 | 1.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹9.54 | ₹1.29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 56.92 | 41.89 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Jainik Power IPO Retail Individual Investors (RII) are offered 19,92,000 shares while in Shipwaves Online IPO retail investors are offered 19,92,000 shares. Qualified Institutional Buyers (QIB) are offered 4,45,200 shares in Jainik Power IPO and 0 shares in Shipwaves Online IPO.
| Jainik Power IPO | Shipwaves Online IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 2,34,000 shares | 23,50,000 shares |
| QIB | 4,45,200 shares | 0 shares |
| NII | 19,92,000 shares | 2,23,00,000 shares |
| RII | 19,92,000 shares | 2,23,10,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 44,29,200 shares | 4,46,10,000 shares |
Jainik Power IPO subscribed 1.54x in total, whereas Shipwaves Online IPO subscribed 1.64x.
| Jainik Power IPO | Shipwaves Online IPO | |
|---|---|---|
| QIB (times) | 1.01x | |
| NII (times) | 1.13x | 0.36x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 2.08x | 2.92x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.54x | 1.64x |
