Jainik Power Cables Makes Weak NSE SME Debut at ₹82, Dips Nearly 23% from Issue Price
By Ankur Chandra | Published at: Jun 17, 2025 12:59 PM IST
Mumbai, June 17, 2025: Shares of Jainik Power Cables Ltd commenced trading on the NSE Emerge platform today at a significant markdown, opening at ₹82 per share against the IPO price of ₹110, registering a steep 22.73% decline on listing. By 10:25 AM, the stock witnessed a slight rebound, trading at ₹85, which indicates a 3.66% intraday gain from its listing level.
Listing Performance Snapshot (as of 10:25 AM IST)
| Metric | Value |
|---|---|
| Listing Date | June 17, 2025 |
| IPO Price | ₹110 |
| Listing Price | ₹82 |
| Current Price | ₹85 |
| Day’s High | ₹86.10 |
| Day’s Low | ₹82.00 |
| Volume Traded | 6.55 lakh shares |
| Turnover | ₹5.42 crore |
| Market Cap | ₹121.96 crore |
| VWAP | ₹82.78 |
| 52-Week Range | ₹82.00 – ₹86.10 (listing day) |
Order Book Overview
- Buy Orders: 4,53,600 shares
- Sell Orders: 3,600 shares
- Top Bid Price: ₹85.00
- Top Ask Price: ₹85.10
The order book data reflects strong buying interest, with demand significantly outweighing sell-side supply early in the session.
IPO Subscription Summary
Jainik Power Cables’ IPO, which was open for subscription between June 10 and June 12, received a moderate overall subscription of 1.5 times. While retail and non-institutional investors (NII) showed considerable participation, qualified institutional buyers (QIBs) just managed to fill their allocated quota.
| Investor Category | Subscription |
|---|---|
| QIB | 1.00x |
| NII | 2.50x |
| Retail | 2.04x |
| Overall | 1.50x |
Key Takeaways
Despite a decent oversubscription in the retail and NII segments, the listing price fell well below expectations, signalling cautious investor sentiment in the post-IPO phase. While the stock experienced a marginal recovery after opening, volatility remains high, and investors may be attempting to accumulate shares at lower valuations.
Final Word
Jainik Power Cables commenced its public market journey on June 17, 2025, with a subdued listing. Market participants will now closely track the stock’s movement in the upcoming sessions to see if it gains stability or stages a recovery, as investor sentiment adjusts to the company’s fundamentals and growth prospects.
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