Jainik Energy and Cables IPO: The IPO of aluminum wire rod -making firm Zanic Energy and Cables goes to open on June 10 subsequent week. For this, the value band has been saved at Rs 100-110 per share. The lot measurement is 1200. On this problem, cash might be invested by June 12. After that the allotment would be the remaining until June 13 and the itemizing of shares might be on the NSE SME on 17 June. The corporate needs to lift Rs 51.30 crore with its public problem. There might be solely 46.63 lakh new shares in it. Quick Monitor Finsec Personal Restricted is a book-hanging lead supervisor for this IPO, whereas Skyline Monetary Providers Personal Restricted is Registrar for this problem. How a lot share in IPO is the promoter Shashank Jain, Anju Jain and Subhash Chand Jain. 10.05 per cent in IPO is reserved for certified institutional consumers, 44.97 per cent for retail buyers and 44.97 per cent for non -institutional buyers. In public problem, anchor buyers will be capable to bid on June 6. Metro group of hospitals are coming IPO, can stay as much as ₹ 1000 crore measurement; When will the draft be the file, the best way to use the cash of the IPO, the final energy and cables need to use the earnings obtained from their IPO to satisfy the working capital wants, arrange a plant, repay debt and for normal company functions. The corporate has a producing facility in Sonepat, Haryana. It provides its merchandise in numerous states, primarily Delhi, Haryana, Rajasthan, Uttar Pradesh, Uttarakhand. The income of Jainik Energy and Cables Restricted elevated by 4% per cent to Rs 352.38 crore in FY 2024-25. The web revenue rose to Rs 9.24 crore with an increase of 84%. The corporate had a borrowing of Rs 19.36 crore in FY 2025. Disclaimer: Right here info is being supplied right here for info. It’s vital to say right here that the funding market available in the market is topic to dangers. All the time seek the advice of consultants earlier than investing cash as an investor. There may be by no means recommendation to anybody to speculate cash on behalf of Moneycontrol.
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