Jainik Power and Cables IPO subscription started on Tuesday, June 10, 2025, and will close on June 12, 2025, as per the schedule. The price band is set at ₹100 to ₹110 per share with a face value of ₹10 each.
Jainik Power and Cables IPO Subscription Status
Jainik Power and Cables IPO subscribed over 0.71x on its First day till 05.00 PM on June 10th, 2025.
- Jainik Power and Cables IPO subscription QIB investors portion is 0x times, while NII subscribed 0.65x times and RII investors subscribed 0.93x times.
- The company has received bids for 31,41,600 shares against 44,29,200 shares on offer on the First day.
- Jainik Power and Cables IPO subscribed over 0.71x on day 1.
About Jainik Power and Cables IPO
Aluminum is the second most widely used metal in the world after steel, with a yearly usage of 88 million tonnes (including recycled material). Since 2023, Jainik Enterprises has been manufacturing aluminium wire roads with quality practices and compliant with the Environmental, Health, and Safety (EHS) standards in the manufacturing industry. They were also engaged in worked in the metal industry.
Moreover, this firm supplies its products to various states such as Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. Their sales and marketing operations are managed from their registered office in Delhi and their factory premises. Currently, they manufacture 9.5 mm aluminum wire rods to serve their customer base.
Furthermore, the promoters and the managing director of this firm are experienced and have around 32 years of experience in the metal industry.
Jainik Power and Cables IPO Company Financial Report
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.
Jainik Power and Cables IPO GMP:
Jainik Power and Cables IPO GMP was ₹0 as of Tuesday, 10th June. That indicates the IPO is trading at ₹110 with a ₹0 premium in the grey market against the issue price of ₹110.
