The Jainik Power and Cables IPO minimum market lot is 1200 shares with ₹1,32,000 application amount. The Jainik Power and Cables IPO is a SME IPO, and it is to be listed on NSE.
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.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Jainik Power and Cables IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 0.51 | 1.01 |
| NII | 0.65 | 0.96 | 1.13 |
| RII | 0.93 | 1.54 | 2.08 |
| Total | 0.71 | 1.18 | 1.54 |
Jainik Power and Cables IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Jainik Power and Cables IPO Review and Rating
- May Apply For Long-term View
- 3
Jainik Power and Cables IPO Form
How to apply for the Jainik Power and Cables IPO? You can apply for Jainik Power and Cables IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Jainik Power and Cables IPO in the Invest section. The other option is you can apply for Jainik Power and Cables IPO via IPO forms downloaded online. Check out the Jainik Power and Cables forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
