Jainik Power and Cables IPO is a book-built issue IPO, aiming to raise ₹51.30 crore. It is an entirely fresh issue of 46.63 lakh shares. The bidding window was open from June 10, 2025, to June 12, 2025, with the IPO allotment to be finalised today on June 13, 2025. Jainik Power and Cables is scheduled to list on NSE SME on June 17, 2025.
The IPO was priced at a range of ₹100 – ₹110 per share with a lot size of 1200 shares. The public issue received bids for 168,42,400 shares against 44,29,200 shares available, resulting in an overall subscription of 1.54 times. Retail investors led the response, subscribing 2.08 times their quota, followed by NIIs at 21.13 times.
Jainik Power and Cables' ₹51.30 crore IPO, priced between ₹100 – ₹110 per share, was subscribed 1.54 times overall. The IPO is an entirely fresh issue of 46.63 lakh shares. Bidding took place from June 10 to June 12, 2025, with the Jainik Power and Cables IPO allotment status on June 13, 2025. Retail investors subscribed 2.08 and NIIs 1.13 times. Listing is expected on June 17, 2025.
The table below breaks down the Jainik Power and Cables share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 2,34,000 (5.02%) |
| QIB Shares Offered | 4,45,200 (9.55%) |
| NII (HNI) Shares Offered | 19,92,000 (42.72%) |
| Retail Shares Offered | 19,92,000 (42.72%) |
| Total Shares Offered | 46,63,200 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 1.01 |
| Non-Institutional Investors | 1.13 |
| Retail Individual Investors | 2.08 |
| Total shares | 1.54 |
Note: The subscription details are as of June 13, 2025
Jainik Power and Cables Limited is a Delhi-based company engaged in the manufacturing and supply of aluminium wire rods. Initially incorporated as Jainik Enterprises Private Limited in May 2011, the company was primarily involved in trading aluminium scrap and ingots.
Over time, it expanded into trading aluminium wire rods and later ventured into manufacturing in April 2023. The company now operates a fully equipped manufacturing facility in Sonipat, Haryana, which holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.
These credentials reflect the company’s commitment to quality, environmental safety, and workplace health standards. Before beginning its manufacturing journey, the company acquired land in FY 2021-22 and further expanded its capacity by purchasing additional land in FY 2022-23.
Jainik Power and Cables currently produces 9.5 mm aluminium wire rods and supplies across multiple states in India, including Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. It has reported strong revenue growth from operations, with ₹33,776.58 lakh in FY25.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 15, 2025, 12:39 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and asset management, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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