Jainik Power and Cables IPO Receives 1.17x Subscription On Day 2

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Posted by AI on 2025-06-12 12:28:47 | Last Updated by AI on 2026-06-27 01:22:04

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Jainik Power and Cables, a manufacturer of power and electrical cables, has received an overwhelming response from investors as its IPO received a 1.17x subscription on day 2. This is remarkable considering the fact that this IPO is the first by a cable manufacturer to hit the markets in over a year. This development signals renewed investor interest in the cable and power sector.

Investors are eagerly awaiting the listing of Jainik Power and Cables, as the IPO has been receiving a positive response from investors. The IPO received 1.17x subscription on day 2, with the unlisted shares trading in the grey market at a premium.

This is positive news for the company, as the IPO's success will help them to expand their operations and improve their customer base. It is also a positive sign for the industry, as it shows that investors are willing to invest in the cable and power sector.

With the IPO continuing to attract significant interest from investors, the company's future prospects look promising. Stay tuned for more updates on the IPO status and its eventual listing on the stock exchange.

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