Jainik Power and Cables IPO Upcoming
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Schedule of Jainik Power and Cables
| Issue open date | 10 Jun 2025 |
| Issue close date | 12 Jun 2025 |
| UPI mandate deadline | 12 Jun 2025 (5 PM) |
| Allotment finalization | 13 Jun 2025 |
| Refund initiation | 16 Jun 2025 |
| Share credit | 16 Jun 2025 |
| Listing date | 17 Jun 2025 |
| Mandate end date | 27 Jun 2025 |
| Lock-in end date for anchor investors (50%) | 13 Jul 2025 |
| Lock-in end date for anchor investors (remaining) | 11 Sep 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Jainik Power and Cables
Jainik Power Cables Limited, originally incorporated in 2011, transitioned from trading aluminium scrap and ingots to manufacturing aluminium wire rods. After gaining experience in trading and understanding the industry, the company began manufacturing operations in 2023 at its ISO-certified facility in Sonipat, Haryana. The company supplies 9.5 mm aluminium wire rods across Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. Their shift to manufacturing marks a key evolution, aiming to offer integrated solutions in the aluminium wire rod market.
Financials of Jainik Power and Cables
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹51.30 crores |
| Fresh Issue | ₹51.30 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working Capital Requirement | 23.50 (45.81%) |
| Fund and set up a plant | 10.99 (21.42%) |
| Repayment loan | 5 (9.75%) |
| General Corporate Purpose | 11.81 (23.02%) |
Strengths
- Shifted from trading to manufacturing of aluminum wire rods, marking vertical integration.
- ISO-certified facility in Sonipat ensures quality, safety, and environmental compliance.
- Led by promoters with 32 years of combined experience in the metal industry.
- Rapid revenue growth after starting manufacturing in April 2023.
- Strong presence across key northern Indian markets with established customer base.
Risks
- Only recently entered manufacturing; limited operating history as a manufacturer.
- Business highly dependent on aluminum price volatility.
- Faces intense competition from established domestic and global players.
- Any failure to comply with environmental norms may result in penalties or shutdowns.
- Significant reliance on a few key suppliers and customers may impact operations.
Allotment Status for Jainik Power and Cables
To check your allotment status – click here.