Jainik Power and Cables IPO - Day 3 Subscription at 1.54 Times

Jainik Power and Cables' initial public offering (IPO) has demonstrated moderate investor demand through its three-day subscription period, with Jainik Power and Cables' stock price band set at ₹100 to ₹110 per share. The ₹51.30 crore IPO has witnessed steady progress, with subscription rates opening at 0.71 times on day one, rising to 1.18 times on day two, and reaching 1.54 times by 5:19:58 PM on the final day, demonstrating moderate investor interest in this manufacturer of aluminium wire rods that has been manufacturing aluminium wire rods since 2023 and has over a decade of experience in the metal industry, previously trading in aluminium rods, operating its manufacturing facility in Sonipat, Haryana, certified with ISO 9001:2015 and ISO 45001:2018 from Innovative Systemcert Pvt. Ltd. and ISO 14001:2015 from United Accreditation Foundation, ensuring quality, environmental, and safety practices.

Jainik Power and Cables IPO retail investors segment leads with a solid 2.08 times subscription. In contrast, non-institutional investors show moderate participation at 1.13 times. Qualified institutional buyers demonstrate minimal interest at 1.01 times, reflecting measured investor confidence in this company. The Jainik Power and Cables stock price performance post-listing will be closely watched, given the moderate subscription levels, while Jainik Power and Cables' share price is expected to trade on the NSE SME platform.

Jainik Power and Cables IPO subscription reached a moderate 1.54 times on the final day, led by Retail (2.08x), NII (1.13x), and QIB (1.01x). Total applications reached 3,676.

Subscription Status of Jainik Power and Cables IPO:

Here are the subscription details for Jainik Power and Cables IPO as of June 12, 2025 ( 5:19:58 PM):

Key Highlights - Day 3:

• Overall subscription reaching moderate 1.54 times, showing steady improvement from day two's 1.18 times
• Retail segment leading with solid demand at 2.08 times, a substantial increase from day two's 1.55 times
• NII segment showing moderate participation at 1.13 times, improvement from day two's 0.96 times
• QIB segment demonstrating minimal interest at 1.01 times, up from day two's 0.51 times, but barely subscribed
• Total applications reached 3,676, indicating measured investor participation
• The cumulative bid amount reached ₹75.266 crores

Jainik Power and Cables IPO - Day 2 Subscription at 1.18 Times

Key Highlights - Day 2:

• Overall subscription rising to 1.18 times, showing improvement from day one's 0.71 times
• Retail segment showing solid momentum at 1.55 times, significant improvement from day one's 0.94 times
• NII segment showing steady participation at 0.96 times, up from day one's 0.65 times
• QIB segment showing moderate involvement in 0.51 times, up from day one's 0.00 times
• Second day momentum indicates gradually building investor confidence in the aluminium products sector
• Manufacturing expertise in the metal industry is attracting moderate investor attention
• Steady second-day performance sets the foundation for final-day improvement

Jainik Power and Cables IPO - Day 1 Subscription at 0.71 Times

Key Highlights - Day 1:

• Overall subscription opening below full subscription at 0.71 times, showing cautious initial investor interest
• Retail segment showing moderate early participation at 0.94 times, indicating reserved individual investor confidence
• NII segment showing limited initial interest at 0.65 times on day one
• QIB segment showing no participation at 0.00 times initially
• Opening day demonstrates mixed investor engagement across categories
• Initial momentum reflecting a cautious assessment of the aluminium wire rods manufacturing opportunity
• The first day of the foundation indicates the need for investor confidence-building

About Jainik Power and Cables IPO

Incorporated in May 2011, Jainik Power and Cables Limited has been manufacturing aluminium wire rods since 2023 and has over a decade of experience in the metal industry, previously trading in aluminium rods. The company manufactures and supplies aluminium wire rods, adhering to Environmental, Health, and Safety (EHS) standards, as certified by ISO certifications, with its Quality Assurance Department conducting purity tests using spectrometers to detect hidden impurities.

The company's manufacturing facility in Sonipat, Haryana, is certified with ISO 9001:2015 and ISO 45001:2018 from Innovative Systemcert Pvt. Ltd. (Accredited by EGAC, International Accreditation Forum) and ISO 14001:2015 from United Accreditation Foundation, ensuring quality, environmental, and safety practices. The company sells its products in Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand, and employs 71 people as of May 2025. The promoters include Mr. Shashank Jain, Mr. Prateek Jain, Mrs. Anju Jain and Mr. Subhash Chand Jain.

Financial performance shows substantial growth with revenue of ₹339.23 crores in FY2024 and profit after tax of ₹5.02 crores. For FY2025, the company reported steady revenue growth to ₹352.38 crores (4% increase) with PAT surging to ₹9.24 crores (84% increase). The company maintains strong profitability metrics with 56.92% ROE, 55.92% ROCE, and 56.92% RONW, while operating with a debt-to-equity ratio of 0.79 and market capitalisation of ₹157.82 crores. Investors tracking Jainik Power and Cables' stock price movements should consider these solid financial metrics, while Jainik Power and Cables' share price appreciation potential remains linked to the company's expansion plans and increasing market share in the north region metal industry.

Highlights of the Jainik Power and Cables IPO:

• IPO type: Book Building IPO
• IPO size: ₹51.30 crores
• Fresh Issue: 46.63 lakh shares
• Face value: ₹10 per share
• Issue price band: ₹100 to ₹110 per share
• Lot size: 1,200 shares
• Minimum investment for retail investors: ₹1,32,000 (1 lot, 1,200 shares)
• Minimum investment for HNI: ₹2,64,000 (2 lots, 2,400 shares)
• Market maker reservation: 2,34,000 shares
• Book-running lead manager: Fast Track Finsec Pvt Ltd
• Registrar: Skyline Financial Services Private Ltd
• Market maker: Rikhav Securities Limited
• Listing at: NSE SME
• IPO opens: June 10, 2025
• IPO closes: June 12, 2025
• Allotment date: June 13, 2025
• Listing date: June 17, 2025