June 6, 2025
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What is the last grey market premium of Jainik Power IPO?
Listing Review: Will update on listing.
Subscription status of Jainik Power IPO
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Jainik Power IPO Price Rs. 110 Lot 1200 shares, Rs. 33.75 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Note: |
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Jainik Power IPO Allotment Link:
https://www.skylinerta.com/ipo.php
What is the business of Jainik Power?
Jainik Power and Cables Limited is a trusted name in the metal industry, backed by over a decade of experience. Initially engaged in trading aluminum rods, the company began manufacturing aluminum wire rods in 2023, expanding its capabilities while maintaining a strong focus on quality and reliability.
The company operates a state-of-the-art manufacturing facility in Sonipat, Haryana, certified to the highest international standards:
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ISO 9001:2015 – Quality Management
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ISO 45001:2018 – Occupational Health and Safety (Certified by Innovative Systemcert Pvt. Ltd., accredited by EGAC and the International Accreditation Forum)
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ISO 14001:2015 – Environmental Management (Certified by United Accreditation Foundation)
Jainik adheres strictly to Environmental, Health, and Safety (EHS) protocols across its operations. Its in-house Quality Assurance Department uses advanced spectrometers to conduct rigorous purity tests, ensuring each product meets precise specifications.
Serving clients across Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand, the company continues to grow as a reliable supplier in northern India.
Workforce: 71 employees (as of May 5, 2025)
Get more information about the company @ https://www.jainikpower.com/
Jainik Power IPO Details
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Sector: |
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| IPO opens on | 10 June 2025 |
| IPO closes on | 12 June 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 46,63,200 Shares / Rs 51.30 Crore |
| * Fresh Issue | 46,63,200 Shares / Rs 51.30 Crore |
| * Offer for Sale – | – |
| Market Maker Portion | 234,000 Shares |
| Net offer to Public | 4429200 Shares Rs.48.72 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 100-110 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (10.05%) | 445135 | 4.90 |
| HNI (44.97%) | 1991811 | 21.91 |
| RII (44.97%) | 1991811 | 21.91 |
| Total Shares | 4429200 | 48.72 |
| Retail portion will be oversubscribed by |
1660 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1200 Shares | Rs.132000 |
| Min HNI Application | 2400 Shares | Rs.264000 |
Who are the Promoters of Jainik Power?
The promoters of the company are Mr. Shashank Jain, Mr. Prateek Jain and Mrs. Anju Jain and Mr. Subhash Chand Jain.
Mr. Shashank Jain, aged 38 years is part of Promoter family and Managing director of the company. He did his MBA from IIPM University. In 2011 he has been appointed as the Managing Director of the company by the board members. He has a diverse experience into managing day to day affairs of the company. Prior to this, there is no employment in any company
Mr. Prateek Jain is promoter and Executive Director of the company, he is also holding the CFO position in the company. He assumed the charge as director on the board on January 15, 2024 and became CFO on February 27, 2024.
What are the Objects of Jainik Power IPO?
1) Working Capital requirements
2) Fund & Setup a plant
3) Repayment of portion of a loan availed by the company
4) General corporate purpose & issue expenses
Tentative timetable |
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| IPO opens on | 10 June 2025 |
| IPO Closes on | 12 June 2025 |
| IPO Allotment on | 13 June 2025 |
| Refund Initiation | 16 June 2025 |
| Credit of Shares | 16 June 2025 |
| Listing on | 17 June 2025 |
| Registered Office of the Company Jainik Power and Cables Limited 39/101A, 1st Floor Community Centre, Wazirpur Industrial Area, Wazir PurIII, North West Delhi, West Delhi, New Delhi |
| The Lead Manager of this IPO Fasttrek Finsec Pvt Ltd |
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Who is the Registrar to IPO? Skyline Financial Services Pvt ltd |
Jainik Power IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Jainik Power Financials
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 71.19 | 35.5 | 36.66 |
| Revenue | 352.38 | 339.23 | 67.49 |
| Profit After Tax | 9.24 | 5.02 | 0.15 |
| Net Worth | 24.59 | 7.86 | 2.84 |
| Reserves and Surplus | 14.91 | 7.29 | 2.27 |
| Total Borrowing | 19.36 | 17.13 | 16.83 |
| Amount in Rs. Crore | |||
Performance Indicators
| KPI | Values |
| ROE | 56.92% |
| ROCE | 55.92% |
| Debt/Equity | 0.79 |
| RoNW | 56.92% |
| PAT Margin | 2.63 |
| Price to Book Value | 0.8 |
| EPS | 9.54 |
| PE Ratio | 11.53 |
How Jainik Power IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| Jainik Power | 11.53 | 56.92 |
| Hind Aluminium | 13.73 | 2.94 |
| Arfin India | 43.23 | 7.23 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Jainik Power IPO Review by Paresh Gordhandas, CA & Research Analyst.
The company began manufacturing aluminum wire rods in 2023, expanding its capabilities while maintaining a strong focus on quality and reliability. The profits have been negligible during last 2 years.
As on 31 March 2024, the company holds inventory of Rs. 21.95 crore and trade receivables of Rs. 30.67 crores as compared to total of Rs. 351.69 crore for the year2024-25. As compared to the previous year, there is sharp rise in the trade-receivable and inventory as on 31.03.2025.
+ from fundamental angle: May avoid
+ from grey market angle:
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