A book built issue of Rs 649.47 crores, JNK India IPO includes a fresh issue of 0.76 crore shares that aggregate to Rs 300.00 crores and an offer for sale of 0.84 crore shares that aggregate to Rs 349.47 crores.
Subscription for the IPO opened on April 23, 2024, and closed on April 25, 2024, with the basis of allotment expected to be finalised by Friday, April 26, 2024. The shares of JNK India Limited are expected to be listed on April 30, 2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The price band is ₹395 to ₹415 per share, with a minimum lot size requirement of 36 shares. For retail investors, the minimum investment amount is ₹14,940. For sNII, the minimum lot size investment is 14 lots (504 shares), totaling ₹209,160; for bNII, it’s 67 lots (2,412 shares), amounting to ₹1,000,980.
IIFL Securities Ltd and ICICI Securities Limited are serving as the book-running lead managers for the JNK India IPO, with Link Intime India Private Ltd acting as the registrar for the issue.
Here’s how you can check the allotment status of JNK India Limited IPO:
Step 1: Go to the BSE website.
Step 2: Choose ‘Equity’ and then the issue name from the selection menu.
Step 3: Enter your application number as well as your PAN card number and press ‘Search’.
You can also follow a similar procedure to check the allotment status on the Registrar’s website:
Step 1: Go to the Link InTime India Private Ltd website.
Step 2: Select the IPO name by clicking on ‘Company Selection’.
Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’.
If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on April 29, 2024.
JNK India Limited, established in 2010, is a company that deals with the design, manufacture, supply, installation, and commissioning of cracking furnaces, process-fired heaters, and reformers.
The company has conducted projects across various states in India like Andhra Pradesh, Assam, Bihar, and more, as well as international ventures in Nigeria and Mexico. It has served over 17 domestic clients and 7 overseas clients, including major names like Indian Oil Corporation Limited and Tata Projects Limited.
Committed to meeting customer specifications and adhering to industry standards, JNK India manufactures its products either in-house or through trusted third-party vendors. Notably, one of its manufacturing facilities in Mundra, Gujarat, operating within a Multi-Product Special Economic Zone, focuses on exports. Covering an area of approximately 20,243 square meters, this facility has an installed capacity of 5,000 metric tonnes for manufacturing and modularization per annum.
As of March 31, 2023, JNK India Limited had a workforce of 192 permanent employees.
JNK India Limited GMP
| Date | GMP |
| April 19 | ₹0 |
| April 18 | ₹0 |
| April 17 | ₹0 |
| April 16 | ₹0 |
Recent grey market activities over the past 4 sessions have shown minimal movement in the IPO Grey Market Premium (GMP). Today’s trend indicates a continuation of this stability, with no significant fluctuations observed. This consistent pattern is expected to persist until the listing day of the IPO.
