Jainik Power Cables Limited, based in Gujarat, India, has opened its SME IPO on June 10, aiming to raise ₹51.30 crore to fund expansion, working capital, and debt repayment. The issue will close on June 12, with shares expected to list on the NSE SME platform by June 17.
Jainik Power Cables Limited, an electrical cable manufacturing company headquartered in Gujarat, India, launched its Initial Public Offering (IPO) today, aiming to raise ₹51.30 crore. The three-day subscription window will remain open from June 10 to June 12, with shares expected to list on the NSE SME platform by June 17.
Jainik Power Cables, known for its production of power and control cables catering to infrastructure and industrial projects, is tapping into the capital markets to fund its ongoing expansion plans, support working capital requirements, and repay existing borrowings.
The IPO comprises a fresh issue of 46.63 lakh equity shares with a face value of ₹10 each. The price band has been fixed in accordance with NSE SME regulations, and the offer is being managed by Beeline Capital Advisors.
The company’s strategic decision to go public aligns with its broader growth ambitions, including ramping up production capacity and enhancing its market presence across India. Jainik Power Cables has witnessed rising demand in the electrical infrastructure space, particularly in sectors such as real estate, railways, and power distribution.
The listing of shares on the NSE SME platform will mark a significant milestone for the company as it seeks to build investor confidence and broaden its financial foundation.
With India’s SME sector gaining momentum in the capital markets, this IPO is expected to draw strong interest from retail and institutional investors alike.
