Weak Debut! Jainik Power Cables shares list at ₹82, a discount of 25.45% from IPO price
Jainik Power Cables IPO listing: Shares of Jainik Power Cables IPO made a weak debut on the bourses on Tuesday, June 17, listing at ₹ 82 on NSE SME, a discount of 25.45 percent from its issue price of ₹ 110.
The SME IPO, valued at ₹ 51.20 crore, was open for subscription from June 10 to June 12.
Jainik Power's IPO ended on a muted note, with the issue subscribed 1.54 times over the three-day bidding window. Investors placed bids for 68.42 lakh as against just 44.29 lakh shares on offer. The retail investor segment saw 2.08 times subscription, while the non-institutional investor (NII) category witnessed 1.13 times subscription. The portion reserved for qualified institutional buyers (QIBs) was also subscribed 1.01 times.
Jainik Power Cables IPO was a completely fresh issue comprising 46.63 lakh shares, with no offer-for-sale component. The minimum application size was 1,200 shares, implying a minimum investment of ₹ 1.32 lakh from retail investors.
The company intends to utilise the IPO proceeds to support its working capital needs, set up a new manufacturing facility, partially repay existing debt, and cover general corporate expenses.
Fast Track Finsec Pvt Ltd is overseeing the Jainik Power and Cables IPO as its book-running lead manager, coordinating the public offering process. Registrar responsibilities have been assigned to Skyline Financial Services Private Ltd, which will handle share allotment and investor records. Meanwhile, Rikhav Securities Limited has been appointed as the market maker to ensure liquidity in the stock post-listing.
Jainik Power and Cables Limited, established in May 2011, initially operated as a trader of aluminium rods and transitioned into manufacturing aluminium wire rods in 2023. With over a decade of experience in the metal industry, the company has steadily expanded its operations while maintaining a strong focus on quality and safety standards.
The company produces and supplies aluminium wire rods in compliance with strict Environmental, Health, and Safety (EHS) protocols. It holds several ISO certifications and ensures high product purity through spectrometer-based testing conducted by its dedicated Quality Assurance Department.
For the financial year ended March 2025, Jainik Power and Cables Limited posted a revenue of ₹ 352.38 crore, marking a 4 percent increase over the previous year. The company's profit after tax (PAT) witnessed a sharp jump, rising 84 percent year-on-year to reach ₹ 9.24 crore, indicating strong bottom-line growth despite modest revenue gains.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
3 days ago
- Economic Times
Aakaar Medical Technologies IPO: Check issue size, price band and other details
The initial public offering (IPO) of aesthetic healthcare product maker Aakaar Medical Technologies Limited opens for subscription today, June 20, and will close on June 24, 2025. The company is looking to raise Rs 27 crore through a fresh issue of 37.5 lakh equity shares, with the shares set to list on NSE SME on June 27, subject to allotment finalisation on June 25. ADVERTISEMENT The price band for the IPO is Rs 68 to Rs 72 per share, and investors can bid for a minimum lot size of 1,600 shares. Ahead of the IPO, the company has raised Rs 7.68 crore from anchor investors by allocating 10.67 lakh shares on June 19. The issue has been structured with 47.42% reserved for qualified institutional buyers (QIBs), 14.29% for non-institutional investors (NIIs), and 33.26% for retail investors. Indorient Financial Services is acting as the book-running lead manager, while Bigshare Services is the registrar to the issue. Alacrity Securities is the designated market in 2013, Aakaar Medical Technologies operates in the medical aesthetics space, supplying dermatology and cosmetic products to physicians, surgeons, and cosmetologists. Its product mix includes skin care, hair care, injectables, laser and aesthetic devices, and home-use products, including solutions for hair loss and company distributes both domestically manufactured and imported products from countries like South Korea, Spain, Italy, and Austria, with a presence in over 15 Indian states. It has a dedicated team of 90 sales and service professionals. Financially, Aakaar reported a 33% increase in revenue to Rs 61.76 crore and 110% jump in net profit to Rs 6.04 crore in FY25. The IPO proceeds will be used primarily to meet working capital requirements and for general corporate purposes. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Time of India
Aakaar Medical Technologies IPO: Check issue size, price band and other details
The initial public offering (IPO) of aesthetic healthcare product maker Aakaar Medical Technologies Limited opens for subscription today, June 20, and will close on June 24, 2025. The company is looking to raise Rs 27 crore through a fresh issue of 37.5 lakh equity shares, with the shares set to list on NSE SME on June 27, subject to allotment finalisation on June 25. The price band for the IPO is Rs 68 to Rs 72 per share, and investors can bid for a minimum lot size of 1,600 shares. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo Ahead of the IPO, the company has raised Rs 7.68 crore from anchor investors by allocating 10.67 lakh shares on June 19. The issue has been structured with 47.42% reserved for qualified institutional buyers (QIBs), 14.29% for non-institutional investors (NIIs), and 33.26% for retail investors. Indorient Financial Services is acting as the book-running lead manager, while Bigshare Services is the registrar to the issue. Alacrity Securities is the designated market maker. Founded in 2013, Aakaar Medical Technologies operates in the medical aesthetics space, supplying dermatology and cosmetic products to physicians, surgeons, and cosmetologists. Its product mix includes skin care, hair care, injectables, laser and aesthetic devices, and home-use products, including solutions for hair loss and pigmentation. Live Events The company distributes both domestically manufactured and imported products from countries like South Korea, Spain, Italy, and Austria, with a presence in over 15 Indian states. It has a dedicated team of 90 sales and service professionals. Financially, Aakaar reported a 33% increase in revenue to Rs 61.76 crore and 110% jump in net profit to Rs 6.04 crore in FY25. The IPO proceeds will be used primarily to meet working capital requirements and for general corporate purposes.
Time of India
3 days ago
- Time of India
Mayasheel Ventures IPO opens for subscription today. Check details
Mayasheel Ventures Limited's initial public offering (IPO) will open for subscription on Friday, June 20, 2025, and will remain open until Tuesday, June 24, 2025. The Rs 27.28 crore issue is entirely a fresh offering of 55.14 lakh equity shares and will be listed on the NSE SME platform. The price band is fixed at Rs 44 to Rs 47 per share. Retail investors can bid for a minimum of one lot, which comprises 3,000 shares. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Anchor investors have already committed Rs 7.76 crore in the pre-IPO placement round held on June 19. A total of 16.50 lakh shares were allocated to anchor investors ahead of the public offer. Mayasheel Ventures is a government-focused infrastructure company engaged primarily in road construction, including highways, bridges, and flyovers. It also undertakes electrical projects such as transmission line installation, street lighting, and power house construction. The company serves primarily through government tenders and has worked with agencies such as NHIDCL. As of March 31, 2025, it had 294 employees and a robust order book from road, bridge, and electrical projects. Its competitive strengths include a qualified management team, strong execution capabilities, and consistent compliance with quality benchmarks. Live Events Financially, the company reported revenue of Rs 172.05 crore in FY25, up 31% from Rs 131.14 crore in FY24. Net profit grew 74% year-on-year to Rs 11.33 crore in FY25. Its return on equity (ROE) stands at 42.83%, with a post-issue P/E of 9.14. The IPO proceeds will be used primarily for capital expenditure on machinery (Rs 4 crore), working capital requirements (Rs 14 crore), and general corporate purposes. Narnolia Financial Services is the book-running lead manager and Maashitla Securities Pvt Ltd is the registrar. The tentative allotment date is June 25, with listing scheduled for June 27.
