Jainik Energy and Cables IPO opens immediately: Verify worth band, challenge dimension and different key particulars

The preliminary public providing (IPO) of Jainik Energy and Cables Restricted opens for subscription immediately, June 10, and can stay open till June 12. The SME challenge goals to boost Rs 51.30 crore by a recent challenge of 46.63 lakh fairness shares. The shares will probably be listed on the NSE SME platform, with a tentative itemizing date set for June 17.

The IPO is being provided in a worth band of Rs 100 to Rs 110 per share. Traders can apply for a minimal lot dimension of 1,200 shares, which interprets into an funding of Rs 1.32 lakh on the higher finish of the value band.

In regards to the firm

Included in Might 2011, Jainik Energy and Cables manufactures and provides aluminum wire rods and has over a decade of expertise within the steel trade.Jainik Energy and Cables caters to prospects throughout Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. As of Might 2025, the corporate employed 71 employees members.

Monetary efficiency

For the yr ending March 2025, it reported income of ₹352.38 crore, up 4% from the earlier yr. Revenue after tax (PAT) surged 84% to ₹9.24 crore throughout the identical interval.

IPO proceeds and utilization

The corporate plans to make use of the proceeds to satisfy working capital necessities, fund a brand new plant, repay a portion of its loans, and for common company functions.

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