The JNK India IPO started on April 23, 2024, and ended on April 25, 2024. Shares were allocated on April 26, 2024, and refund processes began on April 29, 2024. On April 29, 2024, the shares were credited to investors demat accounts. JNK India was officially listed on the stock exchange on April 30, 2024.
During the IPO, JNK India offered shares at a price range of ₹395 to ₹415 per share, and the lot size was 36 shares. The total issue size was ₹649.47 crores, with ₹300.00 crores from new shares and ₹349.47 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
JNK India IPO Subscription Update Video
JNK India IPO Subscription Status
The JNK India IPO on April 25, 2024 was subscribed 28.46 times, with the retail category being subscribed times, the NII (Non-Institutional Investor) category being subscribed 4.20 times, the QIB (Qualified-Institutional Buyers) category being subscribed 23.80 times and the Employee category being subscribed 74.40 times.
| Category | Subscription |
| QIB | 74.40x |
| NII | 23.80x |
| Retail | 4.20x |
| Total | 28.46x |
JNK India IPO Basic Details
| Company Name | JNK India Limited |
| 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 |
About JNK India Limited
JNK India Limited started its journey in 2010. We specialize in creating, building, and setting up process-fired heaters, reformers, and cracking furnaces.
Our projects have reached various parts of India like Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal. Internationally, we’ve left our mark in Nigeria and Mexico too. By March 31, 2023, we’ve proudly served more than 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, we tailor-make all our products to meet the unique needs of each customer. Everything we produce adheres to the highest standards. Our manufacturing takes place either at our own facilities or through trusted third-party vendors. One of our manufacturing hubs sits within the Multi-Product Special Economic Zone in Mundra, Gujarat. This site, sprawling over 20,243 square meters, is dedicated solely to exports. Here, we boast an annual manufacturing and modularization capacity of 5,000 metric tonnes.
By March 31, 2023, our workforce consisted of 192 dedicated permanent employees.
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JNK India IPO FAQs
What is the start and end date of JNK India IPO Subscription?
The JNK India IPO started on April 23, 2024, and ended on April 25, 2024.
When does JNK India IPO Subscription open?
The JNK India IPO open on April 23, 2024.
When does JNK India IPO Subscription close?
The JNK India IPO Close on April 25, 2024.
What is the allotment date of JNK India IPO?
The allotment date for JNK India IPO is April 26, 2024.
When is the initial refund date of JNK India IPO?
The initial Refund date for JNK India IPO is April 29, 2024.
When were the shares credited to investors demat accounts for the JNK India IPO?
The shares for the JNK India IPO were credited to investors demat accounts on April 29, 2024.
When will JNK India IPO be listed on the stock market?
JNK India IPO stock market will be listed on April 30, 2024 at 10 am.
What was the price range of the JNK India IPO shares?
The JNK India IPO shares were offered at a price range of ₹395 to ₹415 per share.
What was the lot size for the JNK India IPO shares?
The lot size for the JNK India IPO shares was 36 shares.
What was the total issue size of the JNK India IPO?
The total issue size of the JNK India IPO was ₹649.47 crores.
How were the shares allocated among different types of investors for the JNK India IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the JNK India IPO listed?
The JNK India IPO was listed on both the NSE and BSE.
What is the JNK India IPO Subscription Status?
JNK India IPO is subscribed 28.46 Times.
