Jainik Power and Cables IPO was subscribed overall 1.54 times on the last day, while the retail quota subscribed 2.08 times, the QIB quota subscribed 1.01 times, and the NII quota subscribed 1.13 times, respectively.
Details About Jainik Power and Cables
Jainik Power and Cables got approval from SEBI for an IPO of ₹51.30 crores via IPO that comprises a fresh issue of ₹51.30 crores with a face value of ₹10 each. Moreover, the company has set up a price band is ₹100 to ₹110 per share.
In this IPO total of 1200 shares were available in 1 lot size for the minimum Retail category, and for the maximum retail category, while HNI total of 2400 shares in 2 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum of ₹1,32,000.
- Small HNI (S-HNI): Minimum investment of ₹2,64,000.
Jainik Power and Cables subscription
The opening date of the Jainik Power and Cables IPO subscription was June 10, 2025, and the closing date was June 12, 2025. The Jainik Power and Cables Services IPO allotment was finalized on June 13, 2025, and the IPO listing is on June 17, 2025.
About Jainik Power and Cables IPO
As we all know, aluminum is the second important thing after steel, with a yearly usage of 88 million tonnes (including recycled material). They were also engaged in worked in the metal industry.
Additionally, the company supplies its products to several states, including Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. Their sales and marketing activities are handled from their registered office in Delhi and their factory site. At present, they produce 9.5 mm aluminum wire rods to meet customer demand.
Jainik Power and Cables IPO Financial Background
The company reported revenue of ₹352.38 crores in 2025 against ₹339.23 crores in 2024. The company reported a profit of ₹9.24 crores in 2025 against a profit of ₹5.02 crores in 2024.
