Aluminium wire rods manufacturer Jainik Power Cables Ltd will go public with an initial public offering (IPO) on June 10, 2025. The company is aiming to raise ₹51.30 crore at upper price band through this IPO, with shares set to be listed on the NSE Emerge.
The issue will close on June 12, 2025.
As per the DRHP, issue size is 46,63,200 equity shares at a face value of ₹10 each with a price band of ₹100-110 per share.
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, fund working capital requirements and general corporate purposes.
Shashank Jain, Managing Director of Jainik Power Cables Limited, said, “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.”
Fast Track Finsec Private Ltd is the book running lead manager, and Skyline Financial Services Private Ltd is the registrar to the issue.