JNK India IPO Key Details (Image Source: iStockphoto)
JNK India is gearing up for its Initial Public Offering (IPO), with the issue size set at a substantial Rs 649.47 crores. The IPO comprises a fresh issue of 0.76 crore shares amounting to Rs 300.00 crores, along with an offer for sale of 0.84 crore shares worth Rs 349.47 crores.
JNK India Subscription Dates
The investors can subscribe to the JNK India IPO starting April 23, 2024, with the subscription window closing on April 25, 2024.
JNK India IPO Allotment Date
The allotment process of JNK India IPO is expected to be finalized by Friday, April 26, 2024.
JNK India IPO Listing Date
The company’s shares are slated to list on both BSE and NSE, with a tentative listing date set for Tuesday, April 30, 2024.
JNK India IPO Price Band and Lot Size
The IPO price band is fixed at Rs 395 to Rs 415 per share, with a minimum lot size of 36 shares. The retail investors can participate with a minimum investment of Rs 14,940. Substantial and Non-Institutional Investors (sNII) are required to invest in 14 lots (504 shares), amounting to Rs 209,160, while for big Non-Institutional Investors (bNII), the minimum lot size stands at 67 lots (2,412 shares), totaling Rs 1,000,980.
JNK India IPO GMP
As per multiple websites that track the grey market premium activities, the shares of JNK India IPO is trading flat.
Lead Managers and Registrar
IIFL Securities Ltd and ICICI Securities Limited have been appointed as the book running lead managers for the JNK India IPO. Link Intime India Private Ltd will serve as the registrar for the issue.
About JNK India Limited
JNK India Limited was established in 2010 and it specialises in the design, manufacture, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces.
The company has executed projects across various states in India and globally, including Nigeria and Mexico. The domestic clients include Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited, and Numaligarh Refinery Limited.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TT Research DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
