Jainik Power and Cables IPO Allotment Status

How to Check Jainik Power and Cables IPO Allotment Status?

Jainik Power and Cables Limited, incorporated in May 2011, has been manufacturing aluminium wire rods since 2023 and has over a decade of experience in the metal industry, previously trading in aluminium rods. The Jainik Power and Cables IPO comes with a total issue size of ₹51.30 crore, comprising entirely a fresh issue of 46.63 lakh shares. The IPO opened on June 10, 2025, and closed on June 12, 2025. The allotment date for the Jainik Power and Cables IPO is expected to be finalised on Friday, June 13, 2025. The Jainik Power and Cables share price band is set at ₹100 to ₹110 per share.

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Steps to Check Jainik Power and Cables IPO Allotment Status on Registrar Site

• Visit Skyline Financial Services Private Ltd website
• Select "Jainik Power and Cables IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Jainik Power and Cables IPO Allotment Status on NSE SME

• Navigate to the NSE SME IPO Allotment Status Page
• Choose "Jainik Power and Cables IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Jainik Power and Cables IPO Subscription Status

Sacheerome IPO received exceptional investor interest, being subscribed 312.94 times overall - one of the highest subscription rates in recent times. The overwhelming response indicates strong market confidence in the Sacheerome stock price potential. Here is a category-wise breakdown of the subscription as of 5:10:00 PM on June 11, 2025:

• Retail Category: 2.08 times
• Qualified Institutional Buyers (QIB): 1.01 times
• Non-Institutional Investors (NII): 1.13 times

Jainik Power and Cables Share Price and Investment Details

The Jainik Power and Cables stock price band ranges from ₹100 to ₹110 per share with a minimum lot size of 1,200 shares. The minimum investment required for retail investors is ₹1,32,000 (at cut-off price), while HNI investors need to invest a minimum of ₹2,64,000 for 2 lots. Given the moderate subscription response, the Jainik Power and Cables share price is expected to list within a reasonable premium range.

Jainik Power and Cables of IPO Proceeds

The funds raised through the IPO will be utilised as follows:

• Working Capital Requirements: Funding the operational needs and business expansion (₹23.50 crore)
• Plant Setup: Fund and set up a new manufacturing plant (₹10.99 crore)
• Debt Repayment: Repayment of a portion of loans availed by the company (₹5.00 crore)
• General Corporate Purposes: Supporting various business initiatives
• Issue Expenses: Meeting IPO-related costs

Jainik Power and Cables Business Overview

The company manufactures and supplies aluminium wire rods, adhering to Environmental, Health, and Safety (EHS) standards, certified by multiple ISO certifications, including ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015, ensuring quality, environmental, and safety practices. Jainik Power and Cables operates its manufacturing facility in Sonipat, Haryana, and sells its products across Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand.

The company has demonstrated impressive financial performance with revenue increasing by 4% and profit after tax rising by 84% between FY 2024 and FY 2025, showcasing strong operational efficiency in the aluminium wire rod manufacturing sector. With a workforce of 71 employees as of May 2025, the company maintains stringent quality control through its Quality Assurance Department which conducts purity tests using spectrometers to detect hidden impurities.

The transition from trading to manufacturing activities has positioned Jainik Power and Cables as a north region-centric player with expanding market share in the aluminium wire rod industry. Investors tracking the Jainik Power and Cables stock price will watch how the company leverages the IPO proceeds to expand its manufacturing capabilities and strengthen its market position in the competitive aluminium wire rod segment.