Latest news with #JainikPowerandCablesLimited
Mint
5 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
5 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.
Time of India
10-06-2025
- Business
- Time of India
Jainik Power and Cables IPO opens today: Check price band, issue size and other key details
The initial public offering (IPO) of Jainik Power and Cables Limited opens for subscription today, June 10, and will remain open until June 12. The SME issue aims to raise Rs 51.30 crore through a fresh issue of 46.63 lakh equity shares. The shares will be listed on the NSE SME platform, with a tentative listing date set for June 17. The IPO is being offered in a price band of Rs 100 to Rs 110 per share. Investors can apply for a minimum lot size of 1,200 shares, which translates into an investment of Rs 1.32 lakh at the upper end of the price band. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Semua yang Perlu Anda Ketahui Tentang Limfoma Limfoma Pelajari Undo About the company Incorporated in May 2011, Jainik Power and Cables manufactures and supplies aluminum wire rods and has over a decade of experience in the metal industry. Jainik Power and Cables caters to customers across Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. As of May 2025, the company employed 71 staff members. Live Events Financial performance For the year ending March 2025, it reported revenue of ₹352.38 crore, up 4% from the previous year. Profit after tax (PAT) surged 84% to ₹9.24 crore during the same period. IPO proceeds and utilization The company plans to use the proceeds to meet working capital requirements, fund a new plant, repay a portion of its loans, and for general corporate purposes. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
Mint
06-06-2025
- Business
- Mint
Upcoming IPO: Jainik Power and Cables IPO opens on June 10; issue price band set at ₹100-110 apiece; check GMP
Upcoming IPO: Jainik Power and Cables Ltd IPO will open for subscription on Tuesday, June 10 and close on Thursday, June 12. Jainik Power and 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 and Cables Limited has been producing aluminum wire rods since 2023 and boasts over ten years of experience in the metal sector, having previously engaged in the trading of aluminum rods. The firm manufactures and distributes aluminum wire rods while complying with Environmental, Health, and Safety (EHS) regulations, as evidenced by its ISO certifications. Its Quality Assurance Department performs purity assessments utilising spectrometers to identify concealed impurities. The company markets its products across the regions of Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. As per the red herring prospectus (RHP), the company's listed peers are Hind Aluminium Industries Ltd (with a P/E of 13.73), and Arfin India Ltd (with a P/E of 43.23). Jainik Power and 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 and Cables IPO aims to use the net proceeds from the offering for several purposes, including meeting working capital needs, funding and establishing a plant, repaying part of the loans taken by the company, covering general corporate expenses, and addressing issue-related costs. Fast Track Finsec Pvt Ltd is the primary lead manager for the Jainik Power and Cables IPO, whereas Skyline Financial Services Private Ltd acts as the registrar for the offering. The market maker for the Jainik Power and Cables IPO is Rikhav Securities Limited. Jainik Power and 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.
Mint
06-06-2025
- Business
- Mint
Upcoming IPO: Jainik Power and Cables IPO opens on June 10; issue price band set at ₹100-110 apiece; check GMP
Upcoming IPO: Jainik Power and Cables Ltd IPO will open for subscription on Tuesday, June 10 and close on Thursday, June 12. Jainik Power and 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 and Cables Limited has been producing aluminum wire rods since 2023 and boasts over ten years of experience in the metal sector, having previously engaged in the trading of aluminum rods. The firm manufactures and distributes aluminum wire rods while complying with Environmental, Health, and Safety (EHS) regulations, as evidenced by its ISO certifications. Its Quality Assurance Department performs purity assessments utilising spectrometers to identify concealed impurities. The company markets its products across the regions of Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. As per the red herring prospectus (RHP), the company's listed peers are Hind Aluminium Industries Ltd (with a P/E of 13.73), and Arfin India Ltd (with a P/E of 43.23). Jainik Power and 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 and Cables IPO aims to use the net proceeds from the offering for several purposes, including meeting working capital needs, funding and establishing a plant, repaying part of the loans taken by the company, covering general corporate expenses, and addressing issue-related costs. Fast Track Finsec Pvt Ltd is the primary lead manager for the Jainik Power and Cables IPO, whereas Skyline Financial Services Private Ltd acts as the registrar for the offering. The market maker for the Jainik Power and Cables IPO is Rikhav Securities Limited. Jainik Power and 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.
