Jainik Power Cables Limited IPO Review
Neutral100-100 · SME
✦
Analyst Verdict
Jainik Power Cables Limited IPO
Neutral
IPO at a Glance
Price Band
100-100
Issue Size
51cr
Opens
2025-06-08
Closes
2025-06-10
Listing
2025-06-15
Category
SME
Key Strengths
✓Shifted from trading to manufacturing of aluminum wire rods, marking vertical integration.
✓ISO-certified facility in Sonipat ensures quality, safety, and environmental compliance.
✓Led by promoters with 32 years of combined experience in the metal industry.
✓Rapid revenue growth after starting manufacturing in April 2023.
✓Strong presence across key northern Indian markets with established customer base.
Key Risks
⚠Only recently entered manufacturing; limited operating history as a manufacturer.
⚠Business highly dependent on aluminum price volatility.
⚠Faces intense competition from established domestic and global players.
⚠Any failure to comply with environmental norms may result in penalties or shutdowns.
⚠Significant reliance on a few key suppliers and customers may impact operations.
Frequently Asked Questions
Should I apply for Jainik Power Cables Limited IPO?
Based on our analysis, our rating for Jainik Power Cables Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Jainik Power Cables Limited IPO?
Only recently entered manufacturing; limited operating history as a manufacturer. Business highly dependent on aluminum price volatility. Faces intense competition from established domestic and global players.
What are the strengths of Jainik Power Cables Limited IPO?
Shifted from trading to manufacturing of aluminum wire rods, marking vertical integration. ISO-certified facility in Sonipat ensures quality, safety, and environmental compliance. Led by promoters with 32 years of combined experience in the metal industry.
What is the price band of Jainik Power Cables Limited IPO?
The price band for Jainik Power Cables Limited IPO is 100-100. The IPO has closed.
Full Analysis Available
Financials, DRHP breakdown, peer comparison, shareholding pattern & more