Jainik Power and Cables came to market through an SME IPO that opened on 10 June 2025 and closed on 12 June 2025, and the shares listed on 17 June 2025 on NSE SME. The price band was ₹100 to ₹110 per share and one lot was 1200 shares, so the minimum application was ₹1,32,000. The issue size was ₹51.3 crore. The whole issue was fresh shares, so the money raised went to the company.
Skyline Financial Services Private Ltd was the registrar to the issue, and Fast Track Finsec Pvt Ltd was the lead manager.
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Founded in May 2011, Jainik Power and Cables Limited has been producing aluminum wire rods since 2023 and boasts more than a decade of experience in the metal sector, earlier dealing in aluminum rods.The company produces and distributes aluminum wire rods, following Environmental, Health, and Safety (EHS) guidelines, as attested by ISO certifications. Its Quality Assurance Department performs purity tests on spectrometers to identify concealed impurities.
The manufacturing unit of the company at Sonipat, Haryana, is ISO ISO 9001:2015 and ISO 45001:2018 certified by Innovative Systemcert Pvt. Ltd. (Accredited by EGAC, International Accreditation Forum) and ISO 14001:2015 certified by United Accreditation Foundation, promising quality, environmental, and safety procedures.The products of the company are marketed in the states of Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. On May 05, 2025, the company has 71 employees.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Mr. Shashank Jain, Mr. Prateek Jain, Mrs. Anju Jain, Mr. Subhash Chand Jain.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Jainik Power and Cables IPO was a ₹51.3 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹100–₹110 per share with a lot size of 1,200 shares (₹1,32,000). The IPO was open from June 10 to June 12, 2025. Shares listed on NSE SME on June 17, 2025 at ₹82, a 25.5% discount to the issue price of ₹110. Skyline Financial Services Private Ltd is the registrar.
Fast Track Finsec Pvt Ltd is the book running lead manager.
The price band of Jainik Power and Cables IPO is ₹100 to ₹110 per share.
The lot size of Jainik Power and Cables IPO is 1200 shares.
The minimum investment for Jainik Power and Cables IPO is approximately ₹1,32,000 based on the upper price band.
The allotment date of Jainik Power and Cables IPO is Jun 13, 2025.
You can check Jainik Power and Cables IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Jainik Power and Cables IPO allotment status on Rupix for quick and easy access.
₹100 to ₹110 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,32,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,32,000, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 10 June 2025 and closed on 12 June 2025.
The basis of allotment was published on 13 June 2025 by Skyline Financial Services Private Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 17 June 2025 on NSE SME.
The issue size was ₹51.3 crore. The fresh issue was 46,63,200 shares (aggregating up to ₹51.3 crore).