Latest news with #JainikPowerandCables
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Business Standard
4 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.
Time of India
5 days ago
- Business
- Time of India
Jainik Power and Cables set to debut on NSE SME. GMP flat ahead of listing
Jainik Power and Cables is all set to list its shares on the NSE SME platform today following the successful completion of its Rs 51.3 crore IPO. The issue, which was entirely a fresh equity sale of 46.63 lakh shares and priced at Rs 110 per share, closed with a modest subscription of 1.54 times. Ahead of listing, the grey market premium (GMP) for Jainik Power and Cables IPO remains flat at Rs 0, indicating muted near-term sentiment among investors. With no premium currently visible in the unofficial market, the estimated listing price is likely to hover around the issue price of Rs 110, reflecting little to no gain on debut. The retail category showed relatively stronger traction, getting subscribed 2.08 times, while the non-institutional investor (NII) portion was booked 1.13 times. The qualified institutional buyer (QIB) segment saw marginal interest with a subscription of 1.01 times. Founded in May 2011, Jainik Power and Cables was previously engaged in trading aluminium rods and ventured into manufacturing only in 2023. Its core product line now includes aluminium wire rods, which are produced at its ISO-certified facility in Sonipat, Haryana. The company caters to industrial clients across Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. Financially, Jainik Power and Cables reported a 4% increase in revenue and an 84% jump in profit after tax for FY25. Revenue stood at Rs 352.38 crore, while PAT rose to Rs 9.24 crore. Jainik intends to use the IPO proceeds to meet working capital requirements, set up a new manufacturing plant, repay certain loans, and fund general corporate purposes.
Economic Times
5 days ago
- Business
- Economic Times
Jainik Power and Cables set to debut on NSE SME. GMP flat ahead of listing
Jainik Power and Cables is all set to list its shares on the NSE SME platform today following the successful completion of its Rs 51.3 crore IPO. The issue, which was entirely a fresh equity sale of 46.63 lakh shares and priced at Rs 110 per share, closed with a modest subscription of 1.54 times. ADVERTISEMENT Ahead of listing, the grey market premium (GMP) for Jainik Power and Cables IPO remains flat at Rs 0, indicating muted near-term sentiment among investors. With no premium currently visible in the unofficial market, the estimated listing price is likely to hover around the issue price of Rs 110, reflecting little to no gain on debut. The retail category showed relatively stronger traction, getting subscribed 2.08 times, while the non-institutional investor (NII) portion was booked 1.13 times. The qualified institutional buyer (QIB) segment saw marginal interest with a subscription of 1.01 times. Founded in May 2011, Jainik Power and Cables was previously engaged in trading aluminium rods and ventured into manufacturing only in core product line now includes aluminium wire rods, which are produced at its ISO-certified facility in Sonipat, Haryana. The company caters to industrial clients across Delhi, Haryana, Rajasthan, Uttar Pradesh, and Jainik Power and Cables reported a 4% increase in revenue and an 84% jump in profit after tax for FY25. Revenue stood at Rs 352.38 crore, while PAT rose to Rs 9.24 crore. ADVERTISEMENT Jainik intends to use the IPO proceeds to meet working capital requirements, set up a new manufacturing plant, repay certain loans, and fund general corporate purposes. (You can now subscribe to our ETMarkets WhatsApp channel)
News18
7 days ago
- Business
- News18
Jainik Power and Cables IPO: Check Listing Date, Latest GMP
Last Updated: The GMP of the IPO remains zero, signalling either flat or negative listing of Jainik Power and Cables. Jainik Power and Cables IPO Listing Date: Jainik Power and Cables Ltd, whose initial public offering was open for public subscription between June 10 and June 12, is set to be listed on the NSE SME platform on Tuesday, June 17. The IPO allotment was finalised on June 13. The Rs 51.30-crore NSE SME IPO received a 1.54 times subscription, garnering bids for 68,42,400 shares as against 44,29,200 shares on offer. The retail and NII participation stood at 2.08 times and 1.13 times, respectively. The QIB category received a 1.01 times subscription. Shares of Jainik Power and Cables Ltd is set to be listed on the NSE Emerge on Tuesday, June 17. Jainik Power and Cables IPO: What Does Latest GMP Signal? The GMP of the IPO remains zero, signalling either flat or negative listing of Jainik Power and Cables. Its grey market premium (GMP) has consistently remained dismally low. Jainik Power and Cables IPO Allotment The allotment of the IPO was finalised on Friday, June 13. Investors can check their IPO allotment status on registrar Skyline Financial Services Private Ltd's website — The investors can also check the allotment status on the NSE's website — Jainik Power and Cables IPO: Key Details The Jainik Power and Cables IPO, which is a bookbuilding of Rs 51.30 crore, is entirely a fresh issue of 46.63 lakh shares. The IPO price was fixed in the range of Rs 100 to Rs 110 apiece. Its minimum lot size for an application stood at 1,200. The minimum amount of investment required by retail investors was Rs 1,32,000. The bidding could be done in multiple of 1,200. The IPO bidding opened for subscription on June 10, 2025, and will close on June 12, 2025. Its price band has been fixed at Rs 100 to Rs 110 per share. Fast Track Finsec Pvt Ltd is the book-running lead manager of the Jainik Power and Cables IPO, while Skyline Financial Services Private Ltd is the registrar for the market maker for Jainik Power and Cables IPO is Rikhav Securities Limited. About the Author Mohammad Haris First Published: June 15, 2025, 09:12 IST News business » ipo Jainik Power and Cables IPO: Check Listing Date, Latest GMP
Mint
13-06-2025
- Business
- Mint
Jainik Power and Cables IPO allotment to be out soon: Here are Steps to check status online and GMP
Jainik Power and Cables IPO: The allotment for the issue that saw subscription period end on 12 June 2025, is to be out soon: The proposed listing date for Jainik Power and Cables' initial public offering (IPO) on the NSE SME is set for Tuesday, June 17, 2025. The Jainik Power and Cables IPO's book-running lead manager is Fast Track Finsec Pvt Ltd while the issue's registrar is Skyline Financial Services Private Ltd. Rikhav Securities Limited is the market maker for the IPO of Jainik Power and Cables. Since the Jainik Power and Cables shares are to be listed on the NSE and the issue's registrar is Skyline Financial Services Private Ltd, investors can check allotment status on Skyline Financial Services website or the NSE website. Here are steps to check status online and GMP as focus shifts to listing Check status online as focus shifts to listing Step 1: Go to the website of Registrar Kfin Technologies Limited to check Jainik Power and Cables allotment status by clicking the link: Step 2: Select Jainik Power and Cables Limited from the 'Select IPO' dropdown menu. Step 3: Select any of the following, from Demat number, application number or the PAN number Step 4: Enter the details from the option selected Step 5: Click on the search button Step 2: Choose the option "Details of the Equity & SME IPO bid." Step 3- Under the selection symbol option, select "JAINIK" from the dropdown Step 4- Thereafter enter your details as application number and PAN information. Step 5- Press "Submit." thereafter Jainik Power and Cables IPO GMP or Grey Market Premium stands at Nil . This means that the Jainik Power and Cables shares are not commanding any premium over the issue price price of ₹ 110 in the grey market. The same also means that the market participants are noy expecting any listing gains and the listing of Jainik Power and Cables shares is expected to be at close to the upper band of the offer price of ₹ 110 a piece, as suggested by data Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
