The JNK India IPO commenced on April 23, 2024, and concluded on April 25, 2024. The allotment of shares took place on April 26, 2024, and the initiation of refunds began on April 29, 2024. The shares were credited to the demat accounts of investors on April 29, 2024. Finally, the listing of JNK India on the stock exchange occurred on April 30, 2024.
The JNK India IPO was priced at ₹395 to ₹415 per share, with a lot size of 36 shares. The total issue size was ₹649.47 crores, comprising a fresh issue of ₹300.00 crores and an offer for sale of ₹349.47 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
JNK India IPO Basic Details
| Company Name | JNK India Limited |
| JNK India IPO GMP Today | ₹0 |
| JNK India IPO Listing Gain | 0.00% |
| JNK India IPO Open Date | April 23, 2024 |
| JNK India IPO Close Date | April 25, 2024 |
| JNK India IPO Allotment Date | April 26, 2024 |
| JNK India IPO Listing Date | April 30, 2024 |
| Face Value | ₹10 per share |
| Price | ₹395 to ₹415 per share |
| Lot Size | 36 Shares |
| Issue Size | 16,015,988 shares of ₹2 (aggregating up to ₹649.47 Cr) |
| Fresh Issue | 7,594,936 shares of ₹2 (aggregating up to ₹300.00 Cr) |
| Offer for Sale | 8,421,052 shares of ₹2 (aggregating up to ₹349.47 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Mascot Capital and Marketing Pvt. Ltd., JNK Heaters Co. Ltd, Arvind Kamath, Gaoutam Rampelli, and Dipak Kacharulal Bharuka |
JNK India IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹0 | 0.00% | – | – |
| 20 April 2024 | ₹0 | 0.00% | – | – |
JNK IPO Details:
JNK India Limited started its journey in 2010. We specialize in creating, delivering, and setting up process-fired heaters, reformers, and cracking furnaces.
Our projects span across various regions in India like Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal. We’ve also taken our expertise globally, completing projects in Nigeria and Mexico. Up to March 31, 2023, we’ve proudly served over 17 clients in India and seven abroad. Some of our esteemed domestic clients include Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited, and Numaligarh Refinery Limited.
At JNK India Limited, each product is tailored to meet our customer’s needs and adheres to all relevant standards. Our manufacturing process happens either in our own facilities or with trusted third-party vendors. One of our manufacturing hubs sits in the Multi-Product Special Economic Zone in Mundra, Gujarat. This facility, covering about 20,243 square meters, is solely dedicated to exports. It’s equipped with an annual production capacity of 5,000 metric tonnes for manufacturing and modularization.
As of March 31, 2023, we have a dedicated team of 192 permanent employees, working tirelessly to ensure the quality and success of our projects.
JNK India IPO More Details Click Here
JNK India IPO FAQs
When is JNK India IPO open?
JNK India IPO will open on 23 April 2024.
When is JNK India IPO Close?
JNK India IPO will be closed on 25 April 2024.
What is JNK India IPO GMP Today?
The JNK India IPO GMP aka Grey Market Premium is ₹0.
What is JNK India IPO Kostak Rates Today?
The JNK India IPO Kostak Rate is ₹000.
What is JNK India IPO Subject to Sauda Price Today?
The JNK India IPO subject to sauda rates is ₹000.
JNK India IPO Expected Returns?
The JNK India expected return is 0.00%.
How much will be the listing gain in JNK India IPO?
JNK India IPO will get listing gain of 0.00%. (Approx.)
