Bookbuilding IPO | ₹51 Cr | Listed at NSE SME | Tue, Jun 10, 2025 - Thu, Jun 12, 2025
Jainik Power IPO is a book build issue of ₹51.30 crores. The issue is entirely a fresh issue of 0.47 crore shares of ₹51.30 crore.
Jainik Power IPO bidding started from Jun 10, 2025 and ended on Jun 12, 2025. The allotment for Jainik Power IPO was finalized on Jun 13, 2025. The shares got listed on NSE SME on Jun 17, 2025.
Jainik Power IPO price band is set at ₹110 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,32,000 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,64,000.
Fast Track Finsec Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Jainik Power IPO RHP for detailed Information.
IPO Open
Tue, Jun 10, 2025
IPO Close
Thu, Jun 12, 2025
Issue Price
₹110 per share
Market Cap (Pre-IPO)
₹157.82 Cr
| IPO Date | 10 to 12 Jun, 2025 |
| Listed on | Tue, Jun 17, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹110 |
| Issue Price | ₹110 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 46,63,200 shares (agg. up to ₹51 Cr) |
| Reserved for Market Maker | 2,34,000 shares Rikhav Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 44,29,200 shares (agg. up to ₹49 Cr) |
| Net Offered to Public | 44,29,200 shares (agg. up to ₹49 Cr) |
| Share Holding Pre Issue | 96,84,500 shares |
| Share Holding Post Issue | 1,43,47,700 shares |
| NSE Symbol | JAINIK |
| ISIN | INE0XIL01012 |
Jainik Power IPO comprises a total issue size of 46,63,200 shares. The net offer to the public is 44,29,200 shares, after excluding 2,34,000 shares allotted on a firm basis. Of the Net offer 4,45,200 (10.05%) are allocated to QIB, 19,92,000 (44.97%) allocated to NII 19,92,000 (44.97%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 4,45,200 | 10.05% | 9.55% |
| NII (HNI) Shares Offered | 19,92,000 | 44.97% | 42.72% |
| Retail Shares Offered | 19,92,000 | 44.97% | 42.72% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,34,000 | 5.02% | |
| Total Shares Offered | 46,63,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,32,000 |
| Retail (Max) | 1 | 1,200 | ₹1,32,000 |
| HNI (Min) | 2 | 2,400 | ₹2,64,000 |
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.
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.
| 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 |
| Amount in ₹ Crore | |||
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 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 56.92% |
| ROCE | 55.92% |
| Debt/Equity | 0.79 |
| RoNW | 56.92% |
| PAT Margin | 2.63% |
| EBITDA Margin | 3.98% |
| Price to Book Value | 0.80 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.54 | 6.44 |
| P/E (x) | 11.53 | 17.09 |
| Promoter Holding | 99.79% | 67.35% |
| Market Cap | ₹157.82 Cr. |
The Jainik Power and Cables IPO is subscribed 1.54 times on June 12, 2025 6:20:00 PM (Day 3). The public issue subscribed 2.08 times in the retail category, 1.01 times in the QIB category, and 1.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 1.01 | 4,45,200 | 4,47,600 | 1 |
| NII* | 1.13 | 19,92,000 | 22,60,800 | 230 |
| Retail | 2.08 | 19,92,000 | 41,34,000 | 3,445 |
| Total | 1.54 | 44,29,200 | 68,42,400 | 3,676 |
Total Application : 3,676
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission. | 3.06 |
| 2 | Brokerage, selling commission and upload fees. | 0.01 |
| 3 | Registrars to the issue | 0.01 |
| 4 | Legal Advisors | 0.01 |
| 5 | Printing, advertising and marketing expenses | 1.07 |
| 6 | Regulators including stock exchanges | 0.06 |
| 7 | Others, if any (Advisors to the company, Peer Review Auditors, Market Maker, Monitoring Agency and other misc. expenses) | 0.65 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹110.00 |
| Open | ₹82.00 |
| Low | ₹82.00 |
| High | ₹86.10 |
| Last Trade | ₹82.85 |
Lead Manager Reports
Jainik Power IPO is a SME IPO of 46,63,200 equity shares of the face value of ₹10 aggregating up to ₹51 Crores. The issue is priced at ₹110 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Jun 10, 2025, and closes on Thu, Jun 12, 2025.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Jainik Power IPO using UPI as a payment gateway. Zerodha customers can apply in Jainik Power IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jainik Power IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jainik Power IPO opens on Tue, Jun 10, 2025 and closes on Thu, Jun 12, 2025.
Jainik Power IPO lot size is 1200, and the minimum amount required for application is ₹1,32,000.
You can apply in Jainik Power IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Jainik Power IPO will be done on Friday, June 13, 2025, and the allotted shares will be credited to your demat account by Mon, Jun 16, 2025. Check the Jainik Power IPO allotment status.
The Jainik Power IPO listing date is on Tue, Jun 17, 2025.
