Jainik Power and Cables IPO opens today: Check price band, issue size and other key details
The initial public offering (IPO) of
Jainik Power and Cables
Limited opens for subscription today, June 10, and will remain open until June 12. The SME issue aims to raise Rs 51.30 crore through a fresh issue of 46.63 lakh equity shares. The shares will be listed on the NSE SME platform, with a tentative listing date set for June 17.
The IPO is being offered in a price band of Rs 100 to Rs 110 per share. Investors can apply for a minimum lot size of 1,200 shares, which translates into an investment of Rs 1.32 lakh at the upper end of the price band.
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About the company
Incorporated in May 2011,
Jainik Power
and Cables manufactures and supplies aluminum wire rods and has over a decade of experience in the metal industry.
Jainik Power and Cables caters to customers across Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. As of May 2025, the company employed 71 staff members.
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Financial performance
For the year ending March 2025, it reported revenue of ₹352.38 crore, up 4% from the previous year. Profit after tax (PAT) surged 84% to ₹9.24 crore during the same period.
IPO proceeds and utilization
The company plans to use the proceeds to meet working capital requirements, fund a new plant, repay a portion of its loans, and for general corporate purposes.
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