Jainik Power Cables List at a discount of 25.45% from Issue Price

Jainik Power Cables made a lacklustre debut on the stock exchanges today. The shares listed at ?82 on NSE Emerge, a discount of 25.45% from the issue price of ?100 per share.?

The IPO was a book-building issue of ?51.30 crores, consisting of a fresh issuance of 46.63 lakh shares with no OFS (Offer For Sale) component. The bidding window was opened from June 10, 2025, to June 12, 2025, during which investors placed bids for 70.76 lakh shares against 46.63 lakh shares offered.?

The company intends to use IPO proceeds to repay/prepay borrowings, set up a plant, meet issue expenses, general corporate purposes, and fund working capital requirements.?

About the Company

Jainik Power Cables specialises in the manufacture of aluminium wire rods. The company operates a manufacturing facility in Sonipat, Haryana, certified with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, ensuring adherence to quality, environmental, and safety standards.

Jainik's net revenue from operations for FY 2024-25 stood at ?35,168.95 lakhs, up 3.86% from ?33,862.12 lakhs in the financial year 2023-24.?

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