Latest news with #JainikPowerCables
Business Standard
6 days ago
- Business
- Business Standard
NSE SME Jainik Power Cables trips on listing day
Shares of Jainik Power Cables were trading at Rs 82.80 on the NSE, a discount of 24.73% compared with the issue price of Rs 110. The scrip was listed at Rs 82, a discount of 25.45% compared with the initial public offer (IPO) price. The stock was currently up about 1% over its listing price. The counter hit a high of Rs 86.10 and a low of Rs 82. About 8.34 lakh shares of the company changed hands at the counter. Jainik Power & Cables' IPO was subscribed 1.51 times. The issue opened for bidding on 10 June 2025 and it closed on 12 June 2025. The price band of the IPO was set at Rs 100 - 110 per share. The IPO comprised fresh issue of 46,63,200 shares. The promoter and promoter group shareholding diluted to 67.35% from 99.97% pre-issue. The company intends to utilize the net proceeds for working capital requirement, fund and set up a plant, repayment of portion of loan availed by the company and general corporate purpose. Jainik Power & Cables primarily engaged in operations into the production of aluminium wire rods. It is a manufacturer and supplier of aluminum wire rods with quality practices and compliant with the environmental, health, and safety (EHS) in the manufacturing industry as certified with the ISO certificates held by the company. The firm supply products across various states, mainly in Delhi, Haryana, Rajasthan, Uttar Pradesh, Uttarakhand. As on 31st March 2025, the company's work force comprised 71 full time employees. The company recorded revenue from operations of Rs 351.68 crore and net profit of Rs 9.23 crore for the period ended 31 March 2025.
Mint
6 days ago
- Business
- Mint
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.
Mint
6 days ago
- Business
- Mint
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. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
10-06-2025
- Business
- Mint
Jainik Power Cables IPO booked 60% so far on first bidding day; check GMP, other key details
Jainik Power Cables Ltd IPO has opened for subscription on Tuesday, June 10 and close on Thursday, June 12. Jainik Power Cables IPO price band has been fixed in the range of ₹ 100 to ₹ 110 per equity share of face value of ₹ 10 each. Bids can be made for a minimum of 1,200 equity shares and in multiples of 1,200 equity shares thereafter. Jainik Power Cables began manufacturing aluminum wire rods in 2023 and has accumulated over a decade of experience in the metal industry, having previously been involved in aluminum rod trading. The company produces and supplies aluminum wire rods while adhering to Environmental, Health, and Safety (EHS) standards, as shown by its ISO certifications. Its Quality Assurance Department conducts purity evaluations using spectrometers to detect hidden impurities. The organization sells its products in the areas of Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. According to the red herring prospectus (RHP), the company has comparable listed competitors, including Hind Aluminium Industries Ltd (with a P/E of 13.73) and Arfin India Ltd (with a P/E of 43.23). Jainik Power Cables IPO subscription status is 60%, on day 1, so far. The retail portion was subscribed 74%, and NII portion was booked 59%. The company has received bids for 26,43,600 shares against 44,29,200 shares on offer, at 15:20 IST, according to data on Jainik Power Cables IPO consists of a fresh issue of 46,63,200 equity shares, aggregating to ₹ 51.30 crore. There's no offer for sale (OFS) component. The Jainik Power Cables IPO intends to utilise the net proceeds from the offering for various purposes, such as fulfilling working capital requirements, establishing and financing a plant, partially repaying the company's loans, covering general corporate expenses, and addressing costs related to the issuance. Fast Track Finsec Pvt Ltd serves as the main lead manager for the Jainik Power Cables IPO, while Skyline Financial Services Private Ltd is responsible for the registry of the offering. The market-making role for the Jainik Power and Cables IPO is fulfilled by Rikhav Securities Limited. Jainik Power Cables IPO GMP today or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 110 with no premium or discount in the grey market according to 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
10-06-2025
- Business
- Time of India
Jainik Power Cables IPO opens for subscription
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The 51.3 crore initial public offering of Jainik Power Cables , a manufacturer of aluminium wire rods, opened for subscription on Initial Public Offering (IPO) priced in the range of Rs 100-110 per share, will remain open until June 12, the company said in a of the company will be listed on NSE Emerge, and the investors can bid for a minimum of 1,200 shares and in multiples thereof, it IPO is entirely a fresh issue of 46.63 lakh from the IPO will be utilised for setting up a plant, repayment of debt, funding working capital requirements and general corporate purposes."The launch of our IPO marks a significant milestone in our journey of transformation from a trading-based business to a fully integrated manufacturing enterprise. The capital raised through this issue will enable us to scale our operations, optimise our financial structure, and drive long-term value creation," Jainik Power Cables' Managing Director Shashank Jain FY25, the company reported a revenue of Rs 351.7 crore and profit after tax of Rs 9.24 crore. Fast Track Finsec is the sole book running lead manager while Skyline Financial Services is the registrar for the IPO. PTI
