Jainik Power Cables Ltd - IPO

Jainik Power Cables Ltd IPO Details

Public issue of 46,63,200 equity shares of face value Rs. 10/- each of Jainik Power and Cables Limited. (Jainik or the Company or the Issuer) for cash at a price of Rs. 110/- per equity share including a share premium of Rs. 100/- per equity share (the Issue Price) Aggregating to Rs. 51.30 crores (The Issue), of which 2,34,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 110/- per equity share including a share premium of Rs. 100/- per equity share aggregating to Rs. 2.57/- crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. Net issue of 44,29,200 equity shares of face value of Rs. 10/- each at a price of Rs. 110/- per equity share including a share premium of Rs. 100/- per equity share aggregating to Rs. 48.73 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 32.50% and 30.87%, respectively of the post issue paid up equity share capital of the company.

Objective of issue

Working capital requirement. Fund and set up a plant. Repayment of portion of loan availed by the company. General corporate purposes.

Jainik Power Cables Ltd Contact Details

Jainik Power Cables Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 011 - 26812682 / 83

Fax - 011 - 26812682

Email - info@jainikpower.com

Website - www.jainikpower.com