Jainik Power and Cables IPO Allotment Status: Check Latest GMP, Steps To Verify Status
The bidding window for Jainik Power and Cables SME IPO was open from June 10, 2025, to June 12, 2025. The basis of allotment will be finalised today, June 13, 2025. Here’s how you can check the IPO allotment status on the NSE and the registrar’s website.
Check Jainik Power and Cables IPO Allotment Status Online On NSE
- Visit the NSE’s IPO allotment verification status page here
- Select “Equity & SME IPO bid details”
- In Select Symbol, select “JAINIK”
- Enter your PAN and Application number
- Click “Submit”
Procedure to Check Jainik Power and Cables IPO Allotment Status on Skyline Financial Services (Registrar to the issue)
- Visit the IPO allotment verification status page here
- Select “JAINIK POWER AND CABLES LIMITED” under “Select Company”
- Enter any of the following details -
- DPID/Client ID
- Application Number
- PAN
- Click “Search”
IPO Details
Jainik Power and Cables IPO IPO is a book-building issue of ₹51.30 crores, consisting entirely of a fresh issue of 46.63 lakh equity shares. The price band is set between ₹100 and ₹110 per share. The tentative listing on NSE Emerge is June 17, 2025.
Fast Track Finsec Pvt Ltd is the book-running lead manager, and Skyline Financial Services is the registrar for the issue.
Use of Proceeds
The net proceeds from the fresh issue will be used to:
- Repay/prepay borrowings
- Set up a plant
- Meet issue expenses
- General corporate purposes
- Fund working capital requirements
Jainik Power and Cables IPO - Overall Subscription Status
(June 12, 2025, end of the day)
|
Category |
Subscription (times) |
|
Qualified Institutional Investors (QIBs) |
1.01 |
|
Non-Institutional Investors |
1.25 |
|
Retail Individual Investors(RIIs) |
2.08 |
|
Total |
1.52 |
Jainik Power and Cables IPO GMP Details
As of 13 June 2025, Jainik Power and Cables IPO GMP stood at nil. The shares are expected to list at par with the issue price of ₹110.
|
Source: Business Standard Report dated 13 June, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
Jainik Power and Cables Business Overview
Jainik Power and Cables manufactures and supplies aluminium wire rods compliant with the manufacturing industry’s Environmental, Health, and Safety (EHS) standards. Their manufacturing facility is located in Sonipat, Haryana.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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