JNK India Limited IPO
JNK India Limited was a mainboard IPO in the Industrial Products sector, offered at ₹395–₹415 per share to raise ₹649 crore. The issue was subscribed 28.13× overall (QIBs 75.72×, NIIs 23.26×, retail 4.11×). It listed on 30 Apr 2024 at ₹621 and closed its first day at ₹695, a listing gain of +67.4% versus the ₹415 issue price. It now trades around ₹376 (-9.3% versus the issue price).
Frequently asked questions
- How many times was the JNK India Limited IPO subscribed?
- The JNK India Limited IPO was subscribed 28.13× overall — 75.72× in the QIB category, 23.26× among non-institutional investors, 4.11× in retail.
- What were the JNK India Limited IPO listing gains?
- JNK India Limited listed on 30 Apr 2024 at ₹621, closing its first day at ₹695 — a listing gain of +67.4% versus the ₹415 issue price.
- What were the retail allotment odds for the JNK India Limited IPO?
- Retail was subscribed 4.11×, so a single-lot application had roughly a 24.3% chance of allotment (about 1 in 4), and allotment was finalised on 26 Apr 2024.
- What was the price band and lot size of the JNK India Limited IPO?
- The price band was ₹395–₹415 per share, with a minimum lot of 36 shares (₹14,940 at the upper band).
- Who were the registrar and lead manager for the JNK India Limited IPO?
- Link Intime India Private Limited was the registrar, and IIFL Securities was the book-running lead manager.