Jainik Power and Cables Limited is launching its IPO through a book-building process to raise ₹51.30 crores, consisting entirely of a fresh issue of 46.63 lakh equity shares. The IPO bidding window opened on June 10, 2025, and closed on June 12, 2025. The allotment was finalized on June 13, 2025, and the shares are scheduled to be listed on the NSE SME platform on June 17, 2025.

The IPO has a price band of ₹100 to ₹110 per share. The minimum application size for retail investors is 1,200 shares, requiring an investment of ₹1,20,000 at the lower band. However, to increase the likelihood of allotment in case of oversubscription, it is advisable to bid at the cutoff price, which raises the investment to ₹1,32,000. For High Net-worth Individuals (HNIs), the minimum application is 2 lots (2,400 shares), amounting to ₹2,64,000 at the upper price band.

Aluminum is the second most widely used metal globally after steel, with an annual consumption of approximately 88 million tonnes, including recycled materials. Since 2023, Jainik Enterprises has been engaged in the manufacturing of 9.5 mm aluminum wire rods, adhering to strict quality standards and Environmental, Health, and Safety (EHS) regulations. The company operates within the broader metal industry and has positioned itself as a reliable supplier of aluminum products.

Jainik Enterprises distributes its products across several states, including Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. The company's sales and marketing activities are coordinated from its registered office in Delhi, while manufacturing takes place at its factory premises.

The firm benefits from experienced leadership—its promoters and Managing Director bring over 32 years of expertise in the metal industry, which supports the company’s growth and operational efficiency.

Objects of the Issue (JNK India IPO Objectives)

• Working capital requirements
• Funding and setting up a new plant
• Repayment of a portion of the company’s outstanding loans
• General corporate purposes
• Payment of issue-related expenses

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