JNK India Ltd received bids for 22% of the amount designated for non-institutional investors (NII) while 67% of portion designated for QIBs received bids, on the 1st day of the IPO.
The JNK India IPO is a book-building IPO that consists of an offer for sale (OFS) of 8.4 Million shares for ₹349.47 Crore and a fresh issue of 7.6 Million shares valued at ₹300 Crore.
The three-day initial public offering (IPO) began today, April 23, and will end on April 25, 2024. The price range for each share is ₹395 to ₹415. For the IPO, bids can be placed in lots of 36 shares or multiples of those numbers.
The firm JNK India Limited is involved in the design, construction, supply, installation, and commissioning of cracking furnaces, reformers, and process fired heaters.
The organisation has implemented projects worldwide, including in Nigeria and Mexico, and has completed projects in Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal.
Along with diversifying into incinerator systems and flares, JNK India has been honing its skills in the renewable energy space using green hydrogen.
The initial public offering (IPO) pricing range is set at ₹395 to ₹415 per share.
The dates of the IPO are April 23–25, 2024. It is anticipated that shares from the JNK India IPO would be allotted on Friday, April 26, 2024.
On Tuesday, April 30, 2024, the shares of JNK India are anticipated to have their market debut on the NSE and BSE.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2024, IIFL Securities Ltd. All Rights Reserved
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
