JNK India IPO: Opens Today! Check Latest GMP, Key Dates, Price Band, Lot Size And Other Details (image source: Canva)
JNK India IPO GMP: The initial public offering(IPO) of JNK India opened its subscription window today i.e. on April 23, 2024. Interested investors can apply for the IPO from today. As the IPO opened check the latest GMP, price band, lot size, IPO size, minimum investment, allotment date, listing date and other details.
JNK India IPO Size
The IPO is a book-built issue comprising a fresh issue of 0.76 crore shares totalling Rs 300.00 crores and an offer for sale of 0.84 crore shares amounting to Rs 349.47 crores.
JNK India IPO Objective
The net proceeds from the issue are earmarked for specific purposes outlined by the company. These funds will primarily be utilized to address the company’s working capital requirements, ensuring a smooth operational flow and sustained business activities.
JNK India IPO Subscription Window Opening And Closing Date
The subscription for JNK India IPO commences on April 23, 2024, and concludes on April 25, 2024.
JNK India IPO Price Band
The price band for JNK India IPO is set at Rs 395 to Rs 415 per share.
JNK India IPO GMP Today: Check Latest GMP
According to various unlisted market tracking websites. The grey market premium (GMP) of JNK India is at Rs 15 per share.
JNK India IPO Lot Size Minimum Investment
The minimum lot size for a JNK India IPO application is 36 shares. Retail investors are required to invest a minimum amount of Rs 14,940. Substantial Networth Individual Investors (sNII) must invest in 14 lots (504 shares), totalling Rs 209,160, while Big Networth Individual Investors (bNII) are required to invest in 67 lots (2,412 shares), totalling Rs 1,000,980.
JNK India IPO Allotment Date
Allotment for the JNK India IPO is slated to be finalized on Friday, April 26, 2024.
JNK India IPO Listing Details
Upon completion of the subscription period, JNK India IPO is set to be listed on both BSE and NSE. The tentative listing date is scheduled for Tuesday, April 30, 2024.
JNK India IPO Lead Managers and Registrar
IIFL Securities Ltd and ICICI Securities Limited are the book-running lead managers overseeing the JNK India IPO. Meanwhile, Link Intime India Private Ltd has been appointed as the registrar for the issue.
About JNK India
JNK India Limited established in 2010 has specialised in designing, manufacturing, supplying, installing, and commissioning process-fired heaters, reformers, and cracking furnaces. The company has completed projects across various Indian states and globally in Nigeria and Mexico. Serving over 17 clients domestically and seven overseas as of March 31, 2023, its clientele includes prominent organizations like Indian Oil Corporation Limited and Tata Projects Limited. JNK India ensures products meet customer requirements and industry standards through manufacturing at in-house facilities and third-party vendors, including an exclusive export production facility in Mundra, Gujarat. With a workforce of 192 permanent employees as of March 31, 2023, JNK India continues its commitment to excellence.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
