In the initial days of the subscription window, spanning June 10 to June 12, the IPO has not yet recorded any subscriptions across the key investor categories—qualified institutional buyers (QIBs), non-institutional investors (NIIs), or retail individual investors (RIIs). This zero‑subscription figure reflects a lack of bidding activity as of now, based on multiple market platforms.
Market commentary also indicates a subdued response in the grey market, where the Grey Market Premium (GMP) for the IPO is currently at nil—suggesting neutral investor sentiment and an anticipated listing price close to the issue band. Investors monitoring the IPO should note these early indicators when assessing the market’s reception before the subscription period concludes. Monitoring these figures can offer insights into investor demand and market sentiment during the subscription period. For more details, visit the Jainik Power & Cables IPO page.
Subscription Status of Jainik Power & Cables IPO (Day Wise)
The IPO subscription number shows how much demand there is for an IPO.
For mainboard IPOs, the subscription period lasts for 3 working days, while SME IPOs remain open for a longer period of 4-5 working days.
Formula to calculate Subscription Status:
Subscription = (Total Number of Bids Received) ÷ (Total Number of Shares Offered)
Day-Wise Subscription Table
Day
| QIB
| NII
| Retail
| Total Subscription
|
Day 1
| NA
| NA
| NA
| NA
|
Day 2
| NA
| NA
| NA
| NA
|
Day 3
| NA
| NA
| NA
| NA
|
Additional Read: How to Apply for Jainik Power and Cables IPO?
How to Check IPO Subscription Data?
To keep track of the IPO's demand, follow these steps to track bids on both the NSE and BSE platforms:
Check out the following steps to track bids on NSE:
Visit the NSE India website.
Click on “IPO” and find Jainik Power & Cables IPO.
Click on NSE Bid Details or Consolidated Bid Details from the drop-down menu under Category.
Check out the following steps to track bids on BSE:
Go to the BSE India website.
Look for Jainik Power & Cables IPO.
Click on BSE Bid Details or Cumulative Bid Details.
Additional Read: Jainik Power and Cables IPO Investment Guide: Objectives & Opportunities
Conclusion
Jainik Power and Cables Limited has operated in the metal industry for over a decade, with its recent shift to manufacturing aluminium wire rods marking a new phase in its business model. The company’s focus on certified Environmental, Health, and Safety (EHS) practices, along with in-house quality testing, highlights an emphasis on compliance and operational standards. Its facility in Sonipat, Haryana, is equipped with recognised certifications, and the company distributes its products across several North Indian states. The objectives outlined for the IPO—such as funding a new plant, supporting working capital, and repaying existing loans—suggest an effort towards operational enhancement. The financial indicators, including asset growth and stable earnings, offer insights into how the company has managed its resources in recent years. However, as with any offering, prospective investors may choose to evaluate business experience, geographic reach, and recent manufacturing history before proceeding.
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Jainik Power & Cables IPO.