Jainik Power and Cables Limited IPO GMP, Date, Price Band & Review

Jainik Power and Cables Limited is an aluminum wire rods manufacturer and is ready to launch its Initial Public Offering (IPO) on June 10, 2025. The company is aiming to raise approximately ₹51.3 crore with the help of this IPO through a fresh issue of 46.63 lakh equity shares and does not have any offer for sale. This IPO is a book-building issue with a price band of ₹100 to ₹110 per equity share, with a minimum application size of 1200 shares (single lot). The IPO will be listed on the NSE’s SME platform, NSE Emerge, with the listing date expected on June 17, 2025.

Company Background

Jainik Power and Cables Limited was incorporated in May 2011. The company was engaged in the trading of aluminium rods in its early days but later on it shifted its operation into the manufacturing of aluminum wire rods in 2023. Jainik Power and Cables has developed a strong presence in northern India with the help of its over a decade of experience. The company supplies its products mainly in Delhi, Haryana, Rajasthan, Uttar Pradesh and Uttarakhand.

Operations & Product Range

Facility & Production:

The company has an operating manufacturing plant in Sonipat, Haryana to produce 9.5 mm aluminum wire rods. This plant follows all the environmental, Health and Safety (EHS) standards which shows that the company is committed to following the quality and compliance guidelines.

Brands & Market Presence:

Jainik Power and Cables has established itself as a reliable supplier of aluminium wire rods by catering to a variety of industrial and infrastructure sectors. The company manages all the sales and marketing operations from its registered office in Delhi and its factory premises which ensures efficient distribution across all the important northern states.

Revenue Channels

• The main revenue source of the company is the manufacturing and sale of aluminium wire rods.
• Jainik Power and Cables was generating revenue through the trading of aluminium rods before 2023.
• The primary revenue source of the company comes from business-to-business (B2B) by serving the industrial and infrastructure clients using wire rods in their products.

Management & Shareholding

Promoters & Shareholding:

The company has Mr. Shashank Jain, Mr. Prateek Jain, Mrs. Anju Jain and Mr. Subhash Chand Jain as promoters. All the promoters have extensive experience in the metal industry, whereas the managing director has experience of around 32 years in this sector.

Board Members:

The company is led by its promoters, who play a significant role in strategic decision-making and operations.