Jainik Power and Cables
Listed
Listed
IPO Timeline
Issue open date
10 Jun 2025Issue close date
12 Jun 2025UPI mandate deadline
12 Jun 2025Allotment finalization
13 Jun 2025Refund initiation
16 Jun 2025Share credit
16 Jun 2025Listing date
17 Jun 2025Mandate end date
27 Jun 2025Lock-in end date for anchor investors (50%)
13 Jul 2025Lock-in end date for anchor investors (remaining)
11 Sep 2025Key Dates
Open
10 Jun 2025Close
12 Jun 2025Listing
17 Jun 2025Quick Stats
Issue Size:51cr
Lot Size:1200 shares
About the Company
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.
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
No risks provided as of now. Please check back later.
Jainik Power and Cables IPO – Frequently Asked Questions
- The price band for the Jainik Power and Cables IPO is set at ₹100 to ₹110 per share.
- The Jainik Power and Cables IPO opens on June 10, 2025 and closes on June 12, 2025.
- The tentative listing date for the Jainik Power and Cables IPO is June 17, 2025.
- You can apply for the Jainik Power and Cables IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Jainik Power and Cables, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Jainik Power and Cables IPO is 1200 shares. Investors must apply for at least one lot (i.e., 1200 shares).