Jainik Power and Cables Limited is launching its Initial Public Offering (IPO) on the NSE SME platform with the aim of raising ₹51.30 crore through a fresh issue of 46.63 lakh equity shares. The IPO follows the book-building process, with the price band fixed between ₹100 and ₹110 per share.

The subscription window for the IPO will open on June 10, 2025, and will close on June 12, 2025. The basis of allotment is expected to be finalised on Friday, June 13, 2025, and the company is targeting a tentative listing date of Tuesday, June 17, 2025 on the NSE SME platform.

This IPO is entirely a fresh issue, meaning that all proceeds will go directly to the company, with no offer-for-sale (OFS) component. The funds raised are expected to be used for purposes such as working capital requirements, expansion, general corporate purposes, and infrastructure development.

IPO Details and Investor Categories

The minimum lot size for retail investors is 1,200 shares, requiring a minimum investment of ₹1,20,000 at the lower end of the price band. However, investors are advised to apply at the cutoff price of ₹110, making the investment amount ₹1,32,000, to avoid missing out due to oversubscription.

For High Net-Worth Individuals (HNIs), the minimum application size is 2 lots or 2,400 shares, requiring an investment of ₹2,64,000.

Here is a summary of the application details:

• IPO Open Date: June 10, 2025

• IPO Close Date: June 12, 2025

• Allotment Date: June 13, 2025

• Listing Date (Tentative): June 17, 2025

• Price Band: ₹100 to ₹110 per share

• Lot Size: 1,200 shares

• Retail Investment (Min): ₹1,20,000 to ₹1,32,000

• HNI Investment (Min): ₹2,64,000

Key Parties Involved

The book-running lead manager for the IPO is Fast Track Finsec Pvt Ltd, a firm with a track record in managing SME public offerings. The registrar for the issue is Skyline Financial Services Private Ltd, which will handle allotment and refund processing. The market maker designated for this IPO is Rikhav Securities Limited, providing liquidity post-listing and supporting price discovery.

About Jainik Power and Cables

Jainik Power and Cables Limited operates in the power and electrical infrastructure space, primarily engaged in the manufacturing and distribution of power cables and electrical equipment. The company has carved a niche for itself in the energy and utility segment by focusing on quality control, timely delivery, and customer-centric engineering solutions.

With growing demand for reliable and efficient power transmission solutions across India, the company plans to utilise IPO proceeds to scale up production capabilities, upgrade its existing machinery, and invest in automation and R&D facilities.

Market Outlook

The SME IPO segment has been witnessing heightened activity in 2025, driven by investor appetite for high-growth businesses with strong fundamentals. Jainik Power and Cables positions itself as a promising player in the infrastructure and electrification sectors, both of which are poised for robust expansion due to government-led development projects and private sector investments.

Given the moderate IPO size, strong fundamentals, and a clear focus on expansion, the issue may see high demand, especially from retail and HNI segments. As per analysts tracking SME IPOs, investors are recommended to apply at the cutoff price to increase the chances of allotment amid a possible oversubscription scenario.

Conclusion

The Jainik Power and Cables IPO offers investors an opportunity to be part of a company poised for significant growth in the power cable manufacturing sector. With experienced leadership, focused use of funds, and an increasing market need for infrastructure development, the IPO has attracted attention as a notable issue in June 2025.

Investors are advised to review the red herring prospectus (RHP) and consult with their financial advisors before making investment decisions. Given the likely interest and the limited subscription window, early application at the cutoff price is considered a prudent move.

The Upcoming IPOs in this week and coming weeks are Jainik Power Cables, Sacheerome Limited, Victory Electric Vehicles International, Wagons Learning.

The Current active IPO are Ganga Bath Fittings.

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