JNK India Limited IPO allotment: How to monitor the situation step-by-step
Thursday marked the closing of JNK India Limited’s initial public offering (IPO), which had over 28 subscriptions in total.
Stock market data indicates that bids totaling 31,10,55,408 shares were received for the first public offering (IPO), whereas 1,10,83,278 equity shares were offered.
Strong interest from institutional investors is shown by the 75.72 subscriptions made to the Qualified Institutional Buyer (QIB) component. The retail component saw a subscription of 4.01 times, while the Non-Institutional Investors (NII) portion had 23.19 subscriptions.
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The initial public offering (IPO) pricing range was fixed at Rs 395 to Rs 415.
The business hopes to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) by April 30, 2024, with final allotments anticipated to be completed by April 26, 2024.
Investors may readily check their allocation status online if they’re interested. They have the option to visit Link Intime India, the issue registrar, or the Bombay Stock Exchange (BSE).
How to use BSE to check your allotment
To access the BSE website, visit this link.
Select Equity from the list of problem types.
Choose JNK India Limited by clicking on the drop-down option.
Input the PAN card ID and application number.
After selecting “I am not a Robot,” click “Submit.”
How to verify your allocation using Link Intime India
Click this link to see the Link Intime India website.
Choose JNK India Limited.
Select Application Number/Demat Account/PAN and enter the information.
Fill out the Captcha.
Press “SUBMIT.”
The last GMP for JNK India Limited was Rs 85 as on April 26, 2024, at noon. This was the company’s penultimate GMP prior to its IPO. This leads to an estimated listing price of Rs 500 (cap price + today’s GMP) for the JNK India IPO, with an anticipated gain/loss per share of 20.48%.
The net proceeds from the initial public offering (IPO) will be used by the firm to pay for general corporate objectives and working capital needs.
JNK India was founded in 2010 and specializes in the design, production, supply, installation, and commissioning of cracking furnaces, reformers, and process-fired heaters.
