Latest news with #JainikPowerandCablesLtd
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
News18
12-06-2025
- Business
- News18
Jainik Power and Cables IPO Closes Today: Check Subscription Status, GMP Today
Last Updated: Unlisted shares of Jainik Power and Cables Ltd are currently trading at Rs 117 apiece in the grey market, which is a 6.36% premium or GMP over the upper IPO price of Rs 110. Jainik Power and Cables IPO Day 3: The initial public offering of Jainik Power and Cables Ltd, which is going to be closed at 5 pm today, June 12, has so far received a muted response. Till 10:09 am on the final day of bidding on Thursday, the Rs 51.30-crore NSE SME IPO received a 1.22 times subscription, garnering bids for 53,91,600 shares as against 44,29,200 shares on offer. The retail and NII participation stood at 1.61 times and 0.98 times, respectively. The QIB category received a 0.51 times subscription. The IPO was opened for public subscription on June 10. It received a 0.71 times subscription on Day 1 and a 1.18 times subscription on Day 2. Jainik Power and Cables IPO Price The price has been fixed in the range of Rs 100 to Rs 110 apiece. advetisement Jainik Power and Cables IPO Lot Size The minimum lot size for an application is 1,200. The minimum amount of investment required by retail investors is Rs 1,32,000. The bidding can be done in multiple of 1,200. Jainik Power and Cables IPO GMP Today According to market observers, unlisted shares of Jainik Power and Cables Ltd are currently trading at Rs 117 apiece in the grey market, which is a 6.36% premium or GMP over the upper IPO price of Rs 110. It indicates mild listing gains for investors on June 11, the tentative listing date. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Shares of Jainik Power and Cables Ltd are scheduled to be listed on the NSE's SME platform on June 17. Jainik Power and Cables IPO: More 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 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 First Published: June 12, 2025, 10:25 IST News business » ipo Jainik Power and Cables IPO Closes Today: Check Subscription Status, GMP Today
News18
11-06-2025
- Business
- News18
Jainik Power and Cables IPO Day 2: Check Subscription Status, GMP Today
Last Updated: Unlisted shares of Jainik Power and Cables Ltd are currently trading at Rs 117 apiece in the grey market, which is a 6.36% premium or GMP over the upper IPO price of Rs 110. Jainik Power and Cables IPO Day 2: The initial public offering of Jainik Power and Cables Ltd, which was opened for public subscription today, June 11, has so far received a muted response. Till 10:34 am on the second day of bidding on Wednesday, the Rs 51.30-crore NSE SME IPO received a 0.74 times subscription, garnering bids for 32,86,800 shares as against 44,29,200 shares on offer. The retail and NII participation stood at 1.09 times and 0.56 times, respectively. The three-day Jainik Power and Cables IPO will be closed on Thursday, June 12. Jainik Power and Cables IPO Price The price has been fixed in the range of Rs 100 to Rs 110 apiece. Jainik Power and Cables IPO Lot Size The minimum lot size for an application is 1,200. The minimum amount of investment required by retail investors is Rs 1,32,000. The bidding can be done in multiple of 1,200. Jainik Power and Cables IPO GMP Today According to market observers, unlisted shares of Jainik Power and Cables Ltd are currently trading at Rs 117 apiece in the grey market, which is a 6.36% premium or GMP over the upper IPO price of Rs 110. It indicates mild listing gains for investors on June 11, the tentative listing date. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Shares of Jainik Power and Cables Ltd are scheduled to be listed on the NSE's SME platform on June 17. Jainik Power and Cables IPO: More 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 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.
News18
10-06-2025
- Business
- News18
Jainik Power and Cables IPO: Check Subscription Status, GMP Today
Last Updated: Unlisted shares of Jainik Power and Cables are trading at Rs 49 apiece in the grey market, which is a zero GMP over the IPO price of Rs 110, indicating flat or negative listing. Jainik Power and Cables IPO: The initial public offering of Jainik Power and Cables Ltd has been opened for public subscription today, June 10. Till 12:40 pm on the first day of bidding on Tuesday, the Rs 51.30-crore NSE SME IPO received a 0.30 times subscription, garnering bids for 13,21,200 shares as against 44,29,200 shares on offer. The retail and NII participation stood at 0.32 times and 0.35 times, respectively. The three-day Jainik Power and Cables IPO will be closed on Thursday, June 12. Jainik Power and Cables IPO Price The price has been fixed in the range of Rs 100 to Rs 110 apiece. Jainik Power and Cables IPO Lot Size The minimum lot size for an application is 1,200. The minimum amount of investment required by retail investors is Rs 1,32,000. The bidding can be done in multiple of 1,200. Jainik Power and Cables IPO GMP Today According to market observers, unlisted shares of Jainik Power and Cables Ltd are currently trading at Rs 49 apiece in the grey market, which is a zero GMP over the upper IPO price of Rs 110. It indicates flat or negative returns for investors on June 11, the tentative listing date. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Shares of Jainik Power and Cables Ltd are scheduled to be listed on the NSE's SME platform on June 17. 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 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.
Mint
06-06-2025
- Business
- Mint
Upcoming IPO: Jainik Power and Cables IPO opens on June 10; issue price band set at ₹100-110 apiece; check GMP
Upcoming IPO: Jainik Power and Cables Ltd IPO will open for subscription on Tuesday, June 10 and close on Thursday, June 12. Jainik Power and Cables IPO price band has been fixed in the range of ₹ 100 to ₹ 110 per equity share of face value of ₹ 10 each. Bids can be made for a minimum of 1,200 equity shares and in multiples of 1,200 equity shares thereafter. Jainik Power and Cables Limited has been producing aluminum wire rods since 2023 and boasts over ten years of experience in the metal sector, having previously engaged in the trading of aluminum rods. The firm manufactures and distributes aluminum wire rods while complying with Environmental, Health, and Safety (EHS) regulations, as evidenced by its ISO certifications. Its Quality Assurance Department performs purity assessments utilising spectrometers to identify concealed impurities. The company markets its products across the regions of Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. As per the red herring prospectus (RHP), the company's listed peers are Hind Aluminium Industries Ltd (with a P/E of 13.73), and Arfin India Ltd (with a P/E of 43.23). Jainik Power and Cables IPO consists of a fresh issue of 46,63,200 equity shares, aggregating to ₹ 51.30 crore. There's no offer for sale (OFS) component. The Jainik Power and Cables IPO aims to use the net proceeds from the offering for several purposes, including meeting working capital needs, funding and establishing a plant, repaying part of the loans taken by the company, covering general corporate expenses, and addressing issue-related costs. Fast Track Finsec Pvt Ltd is the primary lead manager for the Jainik Power and Cables IPO, whereas Skyline Financial Services Private Ltd acts as the registrar for the offering. The market maker for the Jainik Power and Cables IPO is Rikhav Securities Limited. Jainik Power and Cables IPO GMP today or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 110 with no premium or discount in the grey market according to 'Grey market premium' indicates investors' readiness to pay more than the issue price.
