Jainik Power and Cables IPO
Jainik Power and Cables is coming up with an initial public offering (IPO) amounting to ₹51.30 crores. The IPO will consist entirely of a fresh issue of 46.63 lakh equity shares. This offering is aimed at raising capital to support the company’s business growth and expansion plans. Once the IPO concludes, the company’s shares will be listed on the NSE SME platform, giving it broader visibility among investors.
Jainik Power and Cables IPO Price
The price band for the Jainik Power and Cables IPO has been set between ₹100 to ₹110 per share. Investors are advised to place their bids at the cut-off price of ₹110 to maximize their chances of receiving an allotment, especially if the IPO sees heavy oversubscription. Bidding at the lower end of the price band may reduce allotment chances.
Jainik Power and Cables IPO Date
The IPO will open for public subscription on June 10, 2025, and will close on June 12, 2025. The allotment of shares is tentatively scheduled for June 13, 2025, while the shares are expected to be listed on June 17, 2025. These dates are crucial for investors to plan their application and monitor allotment and listing timelines.
Jainik Power and Cables IPO Lot size
The minimum application size for retail investors is 1,200 shares, translating to a basic investment of ₹1,20,000 at the lower end of the price band. However, to safely apply at the cut-off price of ₹110 per share, investors should consider an investment of ₹1,32,000. For High Net-Worth Individuals (HNIs), the minimum bid is 2 lots (2,400 shares), which requires an investment of ₹2,64,000. It’s important for investors to adhere to these requirements to ensure a valid application.
Be First to Comment