Last Updated:June 10, 2025, 17:43 IST
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.
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 5:40 pm on the first day of bidding on Tuesday, the Rs 51.30-crore NSE SME IPO received a 0.71 times subscription, garnering bids for 31,44,000 shares as against 44,29,200 shares on offer.
The retail and NII participation stood at 0.93 times and 0.65 times, respectively.
Also Read: Sacheerome IPO Day 2: Check Subscription Status, GMP Today
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.
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 issue.The market maker for Jainik Power and Cables IPO is Rikhav Securities Limited.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
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