Jainik Power and Cables IPO Gets 1.54x Subscription, Retail Quota Subscribed 2.08x; Check GMP
Last Updated:June 12, 2025, 17:30 IST Unlisted shares of Jainik Power and Cables Ltd are currently trading at Rs 117 apiece in the grey market, which is a 6.36% premium or GMP over the upper IPO price of Rs 110. Jainik Power and Cables IPO. Jainik Power and Cables IPO Day 3: The initial public offering of Jainik Power and Cables Ltd, which was closed at 5 pm today, June 12, has so far received a muted response. Till 5:00 pm on the final day of bidding on Thursday, the Rs 51.30-crore NSE SME IPO received a 1.54 times subscription, garnering bids for 68,42,400 shares as against 44,29,200 shares on offer.