After drawing moderate investor interest, Jainik Power and Cables Ltd is ready to make its stock market debut. The company’s IPO, which wrapped up on June 12, is now set to list on the NSE SME platform on Tuesday, June 17, 2025. Here’s everything investors need to know ahead of the listing.

Jainik Power and Cables IPO Listing Date and Allotment Details

The Jainik Power and Cables IPO listing date has been confirmed for June 17, with shares debuting on NSE Emerge. The IPO allotment was finalized on June 13, and investors can check their allotment status via the official registrar’s website at Skyline Financial Services Pvt Ltd, or directly on the NSE website.

Priced between ₹100 to ₹110 per share, the IPO offered a total issue size of ₹51.30 crore through a fresh issue of 46.63 lakh shares. Retail investors had to apply with a minimum lot size of 1,200 shares, translating to an investment of ₹1,32,000.

IPO Subscription Stats and Grey Market Sentiment

The public offering received a total subscription of 1.54 times, with the retail investor segment subscribing at 2.08 times, and non-institutional investors (NIIs) at 1.13 times. The Qualified Institutional Buyers (QIB) portion saw limited demand at just 1.01 times.

Meanwhile, the Jainik Power and Cables IPO GMP (grey market premium) has been flat, hovering at zero. This suggests a neutral to weak listing outlook, with little to no premium expected on debut. While GMP doesn’t guarantee listing outcomes, it often reflects overall investor sentiment in the secondary market.

IPO Overview and What Investors Should Watch

Backed by Fast Track Finsec Pvt Ltd as the lead book-running manager and Rikhav Securities Ltd as the market maker, Jainik Power and Cables aims to expand its presence in India’s growing infrastructure and electrification market. As a manufacturer of power and control cables, the company is poised to benefit from increasing demand in energy and industrial sectors.

However, with lukewarm GMP movement and average subscription numbers, investors should keep expectations measured. Still, the SME platform has historically shown surprising post-listing rallies, so it’s wise to monitor early trade volume and price action closely on June 17.

For real-time updates and verified details on SME IPOs like this, visit the official NSE SME platform at nseindia.com/emerge.