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The GMP of the IPO remains zero, signalling either flat or negative listing of Jainik Power and Cables.
Jainik Power and Cables IPO.
Jainik Power and Cables IPO Listing Date: Jainik Power and Cables Ltd, whose initial public offering was open for public subscription between June 10 and June 12, is set to be listed on the NSE SME platform on Tuesday, June 17. The IPO allotment was finalised on June 13.
The Rs 51.30-crore NSE SME IPO received a 1.54 times subscription, garnering bids for 68,42,400 shares as against 44,29,200 shares on offer. The retail and NII participation stood at 2.08 times and 1.13 times, respectively. The QIB category received a 1.01 times subscription.
Jainik Power and Cables IPO Listing Date
Shares of Jainik Power and Cables Ltd is set to be listed on the NSE Emerge on Tuesday, June 17.
Jainik Power and Cables IPO: What Does Latest GMP Signal?
The GMP of the IPO remains zero, signalling either flat or negative listing of Jainik Power and Cables.
Its grey market premium (GMP) has consistently remained dismally low.
Jainik Power and Cables IPO Allotment
The allotment of the IPO was finalised on Friday, June 13. Investors can check their IPO allotment status on registrar Skyline Financial Services Private Ltd’s website — https://www.skylinerta.com/ipo.php.
The investors can also check the allotment status on the NSE’s website — https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
Jainik Power and Cables IPO: Key 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 price was fixed in the range of Rs 100 to Rs 110 apiece.
Its minimum lot size for an application stood at 1,200. The minimum amount of investment required by retail investors was Rs 1,32,000. The bidding could be done in multiple of 1,200.
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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