The aluminium wire rod and cable market in India is witnessing strong growth, led by increasing urbanisation and growth sectors such as power, construction, and telecommunications. The market is projected to grow to USD 4.6 billion by 2032.
One such player in this growing industry is Jainik Power and Cables Limited, which is set to launch its IPO to support future growth and expansion. The lead manager for the Jainik Power and Cables IPO is Fast Track Finsec Private Limited, and the registrar is Skyline Financial Services Private Limited.
For more information, one can refer to the DRHP.
Note: For SME IPOs like Jainik Power and Cables, anchor investors and corresponding lock-in periods are not applicable.
Jainik Power and Cables Limited specialises in manufacturing high-quality aluminium wire rods. It made a strategic shift from trading to production in 2023.
Here are all the important things you should know about the Jainik Power and Cables IPO.
Check out the IPO date for Jainik Power and Cables as announced by the company.
The Jainik Power and Cables IPO size is discussed in this section.
The plan for utilising the IPO proceeds from Jainik Power Cables Ltd is discussed below.
Check out the parameters that differ among different types of investors.
The financial statements show the following key details.
The strengths and risks associated with the Jainik Power and Cables share are discussed below.
Strengths
It had switched from trading to manufacturing and had become a vertically integrated and value-added player.
The company has reported growth in revenue and profit since commencing production in April 2023, along with stable financial performance in FY25.
Sonipat-based ISO-certified plant, maintaining quality, safety, and environmental standards.
The promoters and management together hold over 30 years of combined experience in the metal industry.
The company has a presence in key northern Indian markets and maintains ongoing relationships with its customers.
Risks
Insufficient experience as a manufacturer, having started this line of business only in 2023, despite being incorporated in 2011.
Highly volatile aluminium prices greatly affect input costs and profit margins.
Competes with stronger established international and domestic companies in the aluminium sector.
Considerable dependence on several important clients and suppliers, which may reduce business continuity in the event of relationship changes.
Due to the concentration of manufacturing activities in Sonipat, Haryana, there is exposure to area-specific risks such as operational interruptions and changes in laws.
Jainik IPO GMP indicates a potential listing gain of ₹7. However, the company has shown strong growth and operates in a competitive sector. Review the share price, financial information, and IPO details carefully to make a well-informed decision before investing. Click here to apply for Jainik Power and Cables IPO now!
