Jainik Power & Cables Limited was originally incorporated as a Private Company with the name 'Jainik Enterprises Private Limited' dated May 02, 2011 issued by the RoC. The Company name was changed to Jainik Power and Cables Private Limited' and fresh Certificate of Incorporation was issued by the RoC dated February 09, 2024, thereafter upon conversion into a Public Company, the name finally changed to Jainik Power and Cables Limited' and fresh Certificate of Incorporation was issued by the RoC dated May 08, 2024.
The Company was originally established to operate in the aluminium industry, primarily engaging in trading of aluminium scrap and ingots through imports. Initially, its focused on procuring and supplying raw materials, such as aluminium ingots and scraps, to various manufacturers of aluminium wire rods and traders who, in turn, catered to other manufacturers.
The company was a supplier of aluminium scrap and ingots to aluminium wire rod manufacturers, which established their credibility and strong network within the industry. The operations were focused on sourcing raw materials and distributing them to manufacturers of aluminium wire rods until the financial year 2018-19.
n the financial year 2019-20, the company made a significant strategic shift by expanding their business model into trading of aluminium wire rods in addition to raw materials they were already dealing with. This expansion into wire rod trading was a natural progression, as the promoters ...gained insights into the complete supply chain of the aluminium wire rod industry.
Led by the Promoters, Mr. Shashank Jain and Mr. Prateek Jain, Jainik is engaged in production of Aluminum Wire Rods from year 2023. The manufacturing facility located in Sonipat, Haryana, has been certified with ISO 9001:2015 from Innovative Systemcert Pvt. Ltd., ISO 45001:2018 from Innovative Systemcert Pvt. Ltd. (Accredited by EGAC, A Member of International Accreditation Forum) and ISO 14001:2015 from United Accreditation Foundation, a member of International Accreditation forum to maintain quality, environmental and safety practices.
The Company has launched an IPO of 46,63,200 equity shares of Rs 10 each by raising funds thru fresh issue aggregating to Rs 51.2 Crore in June, 2025.
FAQs on Jainik Power Cables Ltd
1. Can I buy Jainik Power Cables Ltd from PL Capital? ›
Yes, you can invest in Jainik Power Cables Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Jainik Power Cables Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Jainik Power Cables Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Jainik Power Cables Ltd pay dividends? ›
Jainik Power Cables Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Jainik Power Cables Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Jainik Power Cables Ltd. is ₹ 130 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Jainik Power Cables Ltd ? ›
The 52-week high and low of Jainik Power Cables Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
