Jainik Power & Cables IPO To Open On June 10, Price Band Set At ₹100-110 Per Share, Zero Grey Market Premium Today

Mumbai: Jainik Power and Cables Ltd will open its Initial Public Offering (IPO) on June 10, 2025. The subscription period will last until June 12. Investors can buy shares priced between Rs 100 and Rs 110 each. The face value of each share is Rs 10. To apply, you must buy at least 1,200 shares, and then in multiples of 1,200 shares.

Where the Company Sells Its Products

Jainik Power and Cables sells its aluminum wire rods mainly in Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. These regions form the main market for the company’s products.

IPO Details and Use of Funds

This IPO will raise Rs 51.30 crore by issuing 46,63,200 new shares. There is no offer for sale (OFS), which means existing shareholders are not selling their shares now. The money raised will be used to grow the business, pay off some loans, fund working capital, and cover company expenses.

Market Information and Peers

Jainik Power and Cables is compared to companies like Hind Aluminium Industries (P/E ratio 13.73) and Arfin India (P/E ratio 43.23). This helps investors understand the company’s valuation.

Grey Market Premium (GMP) Today

According to investorgain.com, the grey market premium for Jainik Power and Cables IPO today is Re Zero. This means that in unofficial trading before the IPO, shares are trading at the issue price of Rs 110, with no extra premium or discount.

About Jainik Power and Cables

The company has been producing aluminum wire rods since 2023. Before this, it traded aluminum rods for over ten years. Jainik Power and Cables follows strict safety and environmental rules. It holds ISO certificates, showing it meets high standards. The company uses special machines called spectrometers to check the quality and purity of its products.