{"id":53692,"date":"2025-06-09T12:27:39","date_gmt":"2025-06-09T06:57:39","guid":{"rendered":"https:\/\/newswiredelhi.com\/index.php\/2025\/06\/09\/jainik-power-cables-limited-ipo-opens-on-june-10-2025-2\/"},"modified":"2025-06-09T12:27:39","modified_gmt":"2025-06-09T06:57:39","slug":"jainik-power-cables-limited-ipo-opens-on-june-10-2025-2","status":"publish","type":"post","link":"https:\/\/newswiredelhi.com\/index.php\/2025\/06\/09\/jainik-power-cables-limited-ipo-opens-on-june-10-2025-2\/","title":{"rendered":"Jainik Power Cables Limited IPO Opens on June 10, 2025"},"content":{"rendered":"<p><img decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/primexnewsnetwork.com\/wp-content\/uploads\/2025\/06\/PNN-2025-06-09T104932857.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" loading=\"lazy\" \/><\/p>\n<div>\n<p><span data-sheets-root=\"1\"><strong>Mumbai (Maharashtra) [India], June 9:<\/strong>\u00a0 <\/span>Jainik Power Cables Limited, is a\u00a0manufacturer of\u00a0aluminum wire rods,\u00a0has proposed its plan to go public with an Initial Public Offering on June 09, 2025 (For Anchor Investor) and June 10, 2025 (For other than Anchor Investor). The company is aiming to raise\u00a0\u20b9\u00a051.30 Crores\u00a0at upper price band\u00a0through this IPO, with shares set to be listed on the NSE Emerge.<\/p>\n<p>The issue size is 46,63,200 equity shares at a face value of\u00a0\u20b9\u00a010 each with a price band of\u00a0\u20b9\u00a0100 \u2013\u00a0\u20b9\u00a0110 Per Share.<\/p>\n<p><strong>Equity Share Allocation<\/strong><\/p>\n<ul type=\"disc\">\n<li>Qualified Institutional Buyer \u2013\u00a0Up to 4,45,200\u00a0Equity Shares<\/li>\n<li>Non-Institutional Investors \u2013 Not less than 19,92,000\u00a0Equity Shares<\/li>\n<li>Retail Individual Investors \u2013 Not less than 19,92,000\u00a0Equity Shares<\/li>\n<li>Market Maker \u2013 Up to 2,34,000 Equity Shares<\/li>\n<\/ul>\n<p>The net proceeds from the IPO will be utilised for setting up a plant, repayment of a portion of the loan availed by the Company, funding working capital requirements and general corporate purposes. The issue will close on June 12, 2025.<\/p>\n<p>The Book Running Lead Manager to the Issue is Fast Track Finsec Private Limited, and The Registrar to the Issue is Skyline Financial Services Private Limited.<\/p>\n<p><strong>Mr. Shashank Jain, Managing Director of Jainik Power Cables Limited,\u00a0<\/strong>expressed, \u201cThe launch of our IPO marks a significant milestone in our journey of transformation from a trading-based business to a fully integrated manufacturing enterprise. With the establishment of our aluminium wire rod production facility and adherence to global standards in quality, safety, and environmental practices, we are geared to serve the increasing demand from core sectors such as industrial manufacturing and power infrastructure. The capital raised through this issue will enable us to scale our operations, optimise our financial structure, and drive long-term value creation. This marks the beginning of an exciting new chapter in our growth journey.\u201d<\/p>\n<p><strong>Ms. Sakshi, Director of Fast Track Finsec Private Limited, <\/strong>said, \u201cWe are pleased to be associated with Jainik Power Cables Limited as the lead manager for their Initial Public Offering. The company brings over a decade of experience in the metal industry and has quickly established itself as a quality-focused manufacturer in the aluminium wire rod segment. With operations already serving key northern markets.<\/p>\n<p>The aluminium wire rod industry is experiencing steady growth, fueled by rising investments in electrification and industrial development. This presents a significant opportunity for Jainik Power Cables Limited to expand its manufacturing capacity and tap into the increasing demand driven by infrastructure expansion and large-scale electrification initiatives.\u201d<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], June 9:\u00a0 Jainik Power Cables Limited, is a\u00a0manufacturer of\u00a0aluminum wire rods,\u00a0has proposed its plan to go public with an Initial Public Offering on June 09, 2025 (For [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":53693,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":78},"categories":[9],"tags":[674],"class_list":["post-53692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pressrelease","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","_links":{"self":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/53692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/comments?post=53692"}],"version-history":[{"count":0,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/53692\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media\/53693"}],"wp:attachment":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media?parent=53692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/categories?post=53692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/tags?post=53692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}