To apply for the Jainik Power and Cables IPO, begin by logging into your trading account via your broker’s app or website, then navigate to the IPO section and select the “Jainik Power & Cables IPO”. Enter the number of lots you wish to apply for (each lot is 1,200 shares) and choose a bid price within the ₹100–₹110 price band. Next, provide your UPI ID to enable payment authorization and ensure that sufficient funds are available in your linked bank account. After verifying the application details, submit the request and approve the UPI mandate before the 5 PM deadline on June 12, 2025. Once submitted successfully, you will receive confirmation of your application via your trading platform and bank, and the IPO allotment is expected on June 13, 2025, with shares being credited to your demat account around June 16.
For complete details on this public offering, visit the Jainik Power & Cables IPO page on Bajaj Broking’s website.
Jainik Power & Cables IPO Application Process
The Jainik Power & Cables IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Step 1: Login to Your Trading Platform
Access your trading account using Bajaj Broking’s app or website.
Step 2: Navigate to the IPO Section
Go to the IPO section to view active IPO listings.
Step 3: Select the Open IPO and Click Apply
Locate Jainik Power & Cables IPO in the list of available IPOs and click the ‘Apply’ button.
Step 4: Enter the Quantity of Shares You Wish to Apply For
Specify the number of shares (minimum lot size: 1200 shares) within the price band of ₹100 to ₹110 per share.
Step 5: Provide Your UPI ID
Enter your UPI ID for payment authorization and ensure sufficient funds in your bank account.
Step 6: Confirm the Application
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Step 7: Complete the Process and Wait for Allotment
Submit the application and monitor the allotment status to check if shares have been allocated to you.
How to Check Jainik Power & Cables IPO Allotment Status?
Once the allotment for Jainik Power & Cables IPO is finalized, investors can check their status online using the following steps:
Step 1: Visit the Official Website of the IPO's Registrar
Access the registrar’s portal for allotment status updates.
Step 2: Navigate to the IPO Allotment Status Page
Locate the specific section for IPO allotment on the website.
Step 3: Enter Your PAN Number, Demat ID, or Application Number
Provide the necessary details to retrieve your application status.
Step 4: Click on 'Submit' or 'Check Status'
Verify the allotment details displayed on the screen.
Step 5: Alternative Check on Stock Exchange Websites
Visit SME or NSE websites and follow the IPO allotment instructions.
Step 6: Check via Bajaj Broking Website
Log in to Bajaj Broking, access the IPO section, and view your allotment updates in the IPO Allotment Status.
Additional Read: Jainik Power and Cables IPO Investment Guide: Objectives & Opportunities
About Jainik Power & Cables IPO: Overview and Key Facts
Jainik Power & Cables Ltd has launched an SME IPO offering approximately 4.66 million fresh equity shares to raise around ₹51.30 crore. The IPO price band is set between ₹100 to ₹110 per share, with a minimum investment of ₹1.2 lakh for retail investors (one lot of 1,200 shares) and ₹2.64 lakh for HNI applications (two lots). Subscription opens on June 10 and closes on June 12, 2025, with the allotment likely to be finalised on June 13 and listing on the NSE SME platform expected by June 17.
The company plans to use the IPO proceeds towards establishing a new manufacturing plant, meeting working capital requirements, reducing existing debt, and covering general corporate purposes. Specifically, around ₹23.5 crore is earmarked for working capital, ₹11 crore for plant expansion, and ₹5 crore for debt repayment.
Founded in 2011, Jainik shifted from trading aluminium rods to manufacturing aluminium wire rods in 2023, operating from an ISO‑certified facility in Sonipat, Haryana. Its distribution spans northern Indian states including Delhi, Haryana, Rajasthan, Uttar Pradesh, and Uttarakhand. In FY25, the company reported revenue of approximately ₹352 crore, profit after tax of ₹9.24 crore, and strengthened assets—indicating an early return from its manufacturing transition
To check your application status, visit the Jainik Power & Cables IPO Allotment Status page on Bajaj Broking’s website.