Latest news with #JainikPower
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Business Standard
5 days ago
- Business
- Business Standard
Jainik Power makes negative D-Street debut; shares list at 25% discount
Jainik Power & Cables listing today: Shares of Jainik Power made a muted debut on the D-Street on Tuesday, June 17, 2024. The company's stock listed at ₹82 on the NSE SME platform, down over 25 per cent from the issue price of ₹110 per share. Post-listing, the stock was trading at ₹86.1, up 5 per cent from the listing price. The listing price of Jainik Power was below the grey market estimates. Ahead of listing, unlisted shares of Jainik Power were trading flat at ₹110, the upper price band, according to sources tracking unofficial markets. Catch Stock Market Latest Updates Today LIVE Jainik Power and Cables IPO subscription Jainik Power shares offered in the price band of ₹100-110 with a lot size of 1,200 shares, received bids for 70,76,400 shares against the 46,63,200 shares offered, resulting in an oversubscription of of 1.5 times by the end of subscription period, showed NSE data. Jainik Power and Cables IPO details Jainik Power and Cables IPO was a fresh issue of 4.66 million equity shares to raise ₹51.3 crore. There was no offer for sale (OFS) component. Jainik Power IPO was available for subscription from Tuesday, June 10, 2025 till Thursday, June 12, 2025. The basis of allotment of shares was finalised on Friday, 13 June, 2025. Skyline Financial Services was the registrar of the issue. Fast Track Finsec was the book-running lead manager of the Jainik Power and Cable IPO. According to the red herring prospectus (RHP), the company plans to utilise the net issue proceeds to meet working capital requirements, fund and set up a plant, and repayment of a portion of loans availed by the company. The remaining funds will be used for general corporate purposes. About Jainik Power and Cables Incorporated in May 2011, Jainik Power and Cables has been engaged in the manufacturing of aluminium wire rods since 2023 and has over a decade of experience in the metal industry. Before manufacturing, the company was involved in the trading of aluminium rods. Its manufacturing facility is located in Sonipat, Haryana. The company supplies products across various states, mainly Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand.
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Business Standard
13-06-2025
- Business
- Business Standard
Jainik Power & Cables IPO allotment today; check status, GMP, listing date
Jainik Power and Cables IPO allotment status: The basis of allotment of shares for Jainik Power and Cables is expected to be finalised today, June 13, 2025. The SME initial public offering (IPO) received a muted response from investors, with the issue being oversubscribed by only 1.59 times, according to data available on the National Stock Exchange. It received bids for 70,76,400 shares against 46,63,200 shares on offer. Here's how to check Jainik Power IPO allotment status online: Once the allotment is finalised, investors can check their allotment status on the official websites of the NSE or Skyline Financial Services, the registrar of the issue. Check Jainik Power IPO allotment status on NSE: Check Jainik Power IPO allotment status on Skyline Financial Services: Jainik Power IPO grey market premium (GMP) today On Friday, the unlisted shares of Jainik Power and Cables were trading flat at ₹110, the upper price band, according to sources tracking unofficial market activities. Jainik Power IPO details Jainik Power aims to raise ₹51.3 crore through a fresh issue of 4.66 million equity shares with no offer for sale (OFS) component. The company has set the price band in the range of ₹100 to ₹110 per share. A retail investor would require a minimum of ₹1,32,000 to bid for one lot or 1,200 shares of Jainik Power IPO (taking the upper end of the IPO price into consideration). The minimum investment required for high net-worth individuals (HNIs) is ₹2,64,000 for 2 lots or 2,400 shares. The SME offering opened for public subscription on June 10, 2025 and closed on June 12, 2025. Shares of Jainik Power are scheduled to make their D-Street debut on Tuesday, June 17, 2025, by listing on the NSE SME platform. Fast Track Finsec is the sole book-running lead manager of the issue. According to the red herring prospectus (RHP), the company plans to use ₹23.5 crore from the net issue proceeds to meet working capital requirements, ₹10.99 crore to fund and set up a plant, and ₹5 crore for repayment of a portion of loans availed by the company. The remaining funds will be used for general corporate purposes. About Jainik Power and Cables Incorporated in May 2011, Jainik Power and Cables has been engaged in the manufacturing of aluminium wire rods since 2023 and has over a decade of experience in the metal industry. Before manufacturing, the company was involved in the trading of aluminium rods. Its manufacturing facility is located in Sonipat, Haryana. The company supplies products across various states, mainly in Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand.
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Business Standard
05-06-2025
- Business
- Business Standard
Jainik Power and Cables IPO opens on June 10: Here's all you need to know
Jainik Power and Cables IPO: The initial public offering (IPO) will open for public subscription on Tuesday, June 10, 2025. The ₹51.3-crore issue comprises a fresh issue of 4.66 million shares. There is no offer for sale (OFS) component. According to the red herring prospectus (RHP), the company has reserved around 50 per cent of the issue for qualified institutional buyers (QIBs), 35 per cent for retail investors and 15 per cent for non-institutional investors (NIIs). Here are the key details of Jainik Power and Cables IPO Jainik Power and Cables IPO price band, lot size Jainik Power has set the price band for its IPO in the range of ₹100 to ₹110 per equity share. The minimum lot size for an application is 1,200 shares. A retail investor would require a minimum investment amount of ₹1,20,000 to bid for one lot. The minimum investment required for high-net-worth individuals (HNIs) is 2,64,000 for two lots. Jainik Power and Cables IPO key dates According to the RHP, the three-day subscription window will tentatively close on Thursday, June 12, 2025. The anchor investor bid period shall be one working day before the issue opening date. The basis of the allotment of shares is likely to be finalised on Friday, June 13, 2025. Shares of Jainik Power will be listed on the NSE SME platform tentatively on Tuesday, June 17, 2025. Jainik Power and Cables IPO registrar, lead manager Jainik Power and Cables IPO objective According to the RHP, the company plans to use ₹23.5 crore from the net issue proceeds to meet working capital requirements, ₹10.99 crore to fund and set up a plant, and ₹5 crore for repayment of a portion of loans availed by the company. The remaining funds will be used for general corporate purposes. About Jainik Power and Cables IPO Incorporated in May 2011, Jainik Power and Cables has been engaged in the manufacturing of aluminium wire rods since 2023 and has over a decade of experience in the metal industry. Before manufacturing, the company was involved in the trading of aluminium rods. Its manufacturing facility is located in Sonipat, Haryana. The company supplies products across various states, mainly in states of Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. Jainik Power and Cables financial overview In the financial year 2024-25 (FY25), the company reported revenue from operations of ₹351.688 crore, up nearly 4 per cent from ₹338.62 crore in the previous financial year. Its profit after tax (PAT) stood at ₹9.23 crore, up 84 per cent from 5.01 crore in the FY24.
