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Jainik Power IPO vs Shipwaves Online IPO

Comparison between Jainik Power IPO and Shipwaves Online IPO.

IPO Details

Jainik Power IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shipwaves Online IPO is a SME Fixed Price proposed to list at BSE SME.

 Jainik Power IPOShipwaves Online IPO
LogoJainik Power IPO LogoShipwaves Online IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersNovus Capital Advisors Pvt.Ltd.Finshore Management Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerRikhav Securities Ltd.Anant Securities
DRHPDRHP DRHP
RHPRHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Jainik Power IPO is up to ₹48.72 Cr whereas the issue size of the Shipwaves Online IPO is up to ₹53.53 Cr. The final issue price of Jainik Power IPO is ₹110.00 per share and of Shipwaves Online IPO is ₹12.00 per share.

 Jainik Power IPOShipwaves Online IPO
Face Value₹10 per share₹1 per share
Issue Price (Lower)₹100.00 per share
Issue Price (Upper)₹110.00 per share
Issue Price (Final)₹110.00 per share₹12.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size1200 shares10000 shares
Fresh Issue Size44,29,200 shares4,46,10,000 shares
Fresh Issue Size (Amount)up to ₹48.72 Crup to ₹53.53 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total44,29,200 shares4,46,10,000 shares
Issue Size Total (Amount)up to ₹48.72 Crup to ₹53.53 Cr

IPO Timetable

Jainik Power IPO opens on Jun 10, 2025, while Shipwaves Online IPO opens on Dec 10, 2025. The closing date of Jainik Power IPO and Shipwaves Online IPO is Jun 12, 2025, and Dec 12, 2025, respectively.

 Jainik Power IPOShipwaves Online IPO
Anchor Bid Date
Issue OpenJun 10, 2025Dec 10, 2025
Issue CloseJun 12, 2025Dec 12, 2025
Basis Of Allotment (Tentative)Jun 13, 2025Dec 15, 2025
Initiation of Refunds (Tentative)Jun 16, 2025Dec 16, 2025
Credit of Share (Tentative)Jun 16, 2025Dec 16, 2025
Listing date (Tentative)Jun 17, 2025Dec 17, 2025
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Jainik Power IPO P/E ratio is 11.53, as compared to Shipwaves Online IPO P/E ratio of 9.3.

 Jainik Power IPOShipwaves Online IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets71.1935.5036.66
Total Income352.38339.2367.49
Profit After Tax9.245.020.15
NET Worth24.597.862.84
Reserves and Surplus14.917.292.27
Total Borrowing19.3617.1316.83
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets98.3781.8653.9826.43
Total Income41.71108.6597.2869.49
Profit After Tax4.6812.206.292.24
EBITDA7.8918.9611.044.06
NET Worth30.7725.8714.82-1.31
Reserves and Surplus21.3216.425.37-0.41
Total Borrowing40.0434.5224.148.89
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.7999.96
Promoter Shareholding (Post-Issue)67.3566.73
P/E Ratio11.539.3
Market Cap₹157.82 Cr.₹169.79 Cr.
ROE56.9250.85
ROCE55.9225.79
Debt/Equity0.791.33
EPS₹9.54₹1.29
RoNW56.9241.89

Shares Offered

In the Jainik Power IPO Retail Individual Investors (RII) are offered 19,92,000 shares while in Shipwaves Online IPO retail investors are offered 19,92,000 shares. Qualified Institutional Buyers (QIB) are offered 4,45,200 shares in Jainik Power IPO and 0 shares in Shipwaves Online IPO.

 Jainik Power IPOShipwaves Online IPO
Anchor Investor Reservation0 shares
Market Maker Reservation2,34,000 shares23,50,000 shares
QIB4,45,200 shares0 shares
NII19,92,000 shares2,23,00,000 shares
RII19,92,000 shares2,23,10,000 shares
Employee0 shares0 shares
Others
Total44,29,200 shares4,46,10,000 shares

Bids Received (Subscription)

Jainik Power IPO subscribed 1.54x in total, whereas Shipwaves Online IPO subscribed 1.64x.

 Jainik Power IPOShipwaves Online IPO
QIB (times)1.01x
NII (times)1.13x0.36x
Big NII (times)
Small NII (times)
RII (times)2.08x2.92x
Employee (times)
Other (times)
Total (times)1.54x1.64x

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Compare:

Jainik Power IPO Vs Shipwaves Online IPO