IPO - Initial Public Offerings

 JAINIK

  

JAINIK POWER AND CABLES LIMITED

10 Jun, 10:00 AM

Issue Open

12 Jun, 05:00 PM

Issue Close

1200

Lot Size

₹ 100.00 – ₹ 110.00

Price Range

IPO Issue Details

Issue size 51.30 Cr
Market Price 110.00
Registrar Skyline Financial Services Private Ltd
Face Value RS.10 /- Per share
Listing at NSE

About

JAINIK POWER AND CABLES LIMITED
Incorporated in May 2011, Jainik Power and Cables Limited has been manufacturing aluminum wire rods since 2023 and has over a decade of experience in the metal industry, previously trading in aluminum rods. The company manufactures and supplies aluminum wire rods, adhering to Environmental, Health, and Safety (EHS) standards, as certified by ISO certifications. Its Quality Assurance Department conducts purity tests using spectrometers to detect hidden impurities. The company's manufacturing facility in Sonipat, Haryana, is certified with ISO ISO 9001:2015 and ISO 45001:2018 from Innovative Systemcert Pvt. Ltd. (Accredited by EGAC, International Accreditation Forum) and ISO 14001:2015 from United Accreditation Foundation, ensuring quality, environmental, and safety practices. The company sells its products in the states of Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. As of May 05, 2025, the company has 71 employees.

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 1200 ₹ 1,32,000.00
S-HNI  (2 Lakh to 10 Lakh) 2 2400 ₹ 2,64,000.00
S-HNI  (2 Lakh to 10 Lakh) 7 8400 ₹ 9,24,000.00
B-HNI  (Above 10 Lakh) 8 9600 ₹ 10,56,000.00

IPO TimeLine

Open Date 10-Jun-2025
Close Date 12-Jun-2025
Basis of Allotment Date 13-Jun-2025
Initiation of Refunds 16-Jun-2025
Credit Shares to Demat A/c 16-Jun-2025
IPO Listing Date 17-Jun-2025