Jainik Power Cables Limited is set to launch its Initial Public Offering (IPO) on June 10, 2025, with the subscription window closing on June 12. The IPO comprises a fresh issue of 46,63,200 equity shares, aggregating to INR 51.30 crore.

June 06, 2025

Jainik Power Cables Limited is set to launch its Initial Public Offering (IPO) on June 10, 2025, with the subscription window closing on June 12. The price band for the IPO has been fixed between INR 100 and INR 110 per equity share, each with a face value of INR 10. Investors can place bids for a minimum of 1,200 equity shares and in multiples thereof.

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The IPO comprises a fresh issue of 46,63,200 equity shares, aggregating to INR 51.30 crore. Notably, there is no offer-for-sale (OFS) component.

Proceeds from the IPO will be utilized to meet the company’s working capital requirements, fund the establishment of a new manufacturing plant, repay existing loans, support general corporate purposes, and cover issue-related expenses.

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Jainik Power Cables began manufacturing aluminum wire rods in 2023 and brings over a decade of experience in the metal industry, previously focusing on the trading of aluminum rods. The company serves customers across Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand.