Overview

• The IPO, a fresh issue of 46.63 lakh shares priced at Rs 100-110 apiece, opened on June 10 to raise Rs 51.30 crore on the NSE SME platform.
• Subscription closes June 12, with share allotment expected on June 13 and listing scheduled for June 17.
• At least 35% of shares are reserved for retail investors, 15% for non-institutional investors and 50% for qualified institutional buyers.
• Jainik Power and Cables posted an 84% year-on-year rise in profit after tax to Rs 9.24 crore in FY25.
• The zero grey market premium recorded on opening day suggests a likely flat debut on the exchange.