Jainik Power & Cables IPO Allotment Today: Check Status, GMP, and Listing Date Details

by Ashok

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Posted on June 13, 2025

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Jainik Power & Cables IPO Allotment, GMP, and Listing Date – Key Details

Allotment Status (June 13, 2025):
The basis of allotment for the Jainik Power & Cables IPO is expected to be finalized today, June 13, 2025. Investors can check their allotment status on the official websites of the National Stock Exchange (NSE) or the registrar, Skyline Financial Services, once the process is complete.

How to Check Allotment Status:

• Visit the NSE IPO allotment page or the Skyline Financial Services website.
• Enter your application number, PAN, or DP/client ID as required to view your allotment status.

IPO Subscription and Response

• The IPO received a muted response, being oversubscribed by only 1.59 times overall.
• Retail quota was subscribed 2.08 times, while the Non-Institutional Investor (NII) category saw 1.13 times subscription, and Qualified Institutional Buyers (QIB) 1.01 times.
• The IPO was open from June 10 to June 12, 2025.

Grey Market Premium (GMP)

• As of June 13, 2025, the grey market premium (GMP) for Jainik Power & Cables IPO is reported to be flat at ₹110, which is the upper end of the IPO price band, indicating no premium in the unofficial market.
• Earlier, the GMP was reported at ₹117, reflecting a mild premium of about 6.3% over the issue price, but it has since stabilized.

Listing Date

• Shares of Jainik Power & Cables are scheduled to be listed on the NSE SME platform on Tuesday, June 17, 2025.

IPO Details at a Glance

Detail	Information
Issue Size	₹51.3 crore (fresh issue, no OFS)
Price Band	₹100 – ₹110 per share
Lot Size	1,200 shares
Minimum Investment	₹1,32,000 (retail, 1 lot)
Subscription Period	June 10 – June 12, 2025
Allotment Date	June 13, 2025
Listing Date	June 17, 2025
Registrar	Skyline Financial Services
Book-Running Lead Mgr	Fast Track Finsec

Company Overview

Jainik Power & Cables, incorporated in 2011, manufactures aluminium wire rods (since 2023) and previously traded aluminium rods. Its facility is in Sonipat, Haryana, and it supplies products mainly to Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand.

Use of IPO Proceeds

• ₹23.5 crore for working capital
• ₹10.99 crore to set up a new plant
• ₹5 crore for partial loan repayment
• Remaining funds for general corporate purposes.

Summary:
Jainik Power & Cables IPO allotment is being finalized today, with shares set to list on June 17, 2025. The IPO saw modest oversubscription and the GMP is currently neutral, suggesting limited listing gains for investors.

Ref: Jainik Power & Cables IPO allotment today; check status, GMP, listing date

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