There has been a great listing of shares of manufacturing sector company JNK India. The share is listed on NSE at Rs 621 against its issue price of Rs 415. At the same time, the share was also listed on BSE at Rs 620 with a premium of 49.40 percent. Let us tell you, the listing of JNK has been much better than its issue price. Experts were believing that the stock could be listed at Rs 500 to Rs 520 per share.
Investors made a profit of Rs 7,416
JNK India IPO price was Rs 415. At the same time, its lot for retail investors was of 36 shares. In such a situation, the investors who have got allotment have made a profit of (621-415= 206)*36 = Rs 7416 per lot.
JNK India IPO got strong subscription
JNK India IPO received a strong response from investors. Apart from enthusiastic responses from qualified institutional buyers (QIBs) and non-institutional investors (NIIs), retail investors showed significant interest in the JNK India IPO. The subscription status of JNK India IPO on the last day was 28.13 times. The retail investors’ quota was subscribed 23.26 times and the non-institutional investors’ quota was subscribed 4.11 times. QIB quota was subscribed 75.72 times.
jnk india ipo
JNK India IPO was open to common investors from April 23, 2024 to April 25, 2024. This is an IPO of ₹649.47 crore and it was a fresh issue of 0.76 crore shares worth ₹300 crore and an offer for sale of 0.84 crore shares worth ₹349.47 crore. The price band in this IPO has been fixed at ₹395 to ₹415 per share. IFL Securities Limited and ICICI Securities Limited were the book running lead managers of JNK India IPO. While Link Intime India Private Limited was the registrar for this IPO.
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