⚡ Jainik Power & Cables Ltd IPO – Full Breakdown: Dates, FMCG, GMP & Reviews

📅 IPO Timeline & Structure

• IPO Open: June 10–12, 2025

• Price Band: ₹100–110 per share, FV ₹10

• Lot Size: 1,200 shares (~₹1.32 L at upper band)

• Issue Size: Fresh issue of 46.63 lakh shares, raising ₹51.30 cr via NSE SME

• Share Allocation: QIB – 10.05%, NII – 44.97%, Retail – 44.97%

• Key Dates:

  • Allotment: June 13

  • Refunds & Demat Credit: June 16

  • Listing: June 17

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🏭 Who Are They & What They Do

• Incorporated in May 2011; pivoted to manufacturing aluminium wire rods in 2023 at an ISO-certified facility in Sonipat, Haryana

• Revenues (FY25): ₹352 cr (↑4%), PAT: ₹9.24 cr (↑84%)

• Market presence across Delhi, Haryana, Rajasthan, UP & Uttarakhand

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💡 IPO Use of Proceeds

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🔄 Subscription & GMP (Grey Market Premium)

• Day 1 subscription (June 10): Total 0.71×

  • QIB: 0.00×; NII: 0.65×; Retail: 0.93×

• GMP Update (June 11): ₹7 on grey market (6% expected listing pop)

• Market sentiment: Moderate—GMP up from zero, but no major hype yet

✅ Pros & Cons: Should You Subscribe?

👍 Pros:

• Strong revenue growth and sharp profit rise (up 84% YoY)

• Freshly set manufacturing capacity, integrated operations

• Neutral-to-positive GMP supporting potential listing gain

👎 Cons:

• Weak QIB participation; risk if institutional interest doesn’t pick up

• New to manufacturing—execution and cost control risks

• Commodity-linked business exposed to aluminium price swings

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🚀 Final Verdict

Jainik Power & Cables shows promising fundamentals: EBITDA strength, fresh capital deployment, and a fledgling premium in the grey market. At the upper band (₹110), investors may see modest listing gains (~6–10%), though institutional traction will be key. Ideal for cautious retail investors with a short-term listing outlook.

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🔎 Gautched Snapshot

• Price Band: ₹100–110

• Lot Size: 1,200 shares (~₹1.32 L)

• Issue Size: ₹51.30 cr (fresh issue only)

• Day 1 Subscription: 0.71×

• GMP: ₹7 (6% premium)

• Expected Listing Date: June 17, 2025

Disclaimer:
I am not a SEBI-registered investment adviser. All the content shared on this blog is for informational and educational purposes only. Please consult a SEBI-registered financial advisor before making any investment decisions.