Shares of JNK India are set to make a strong debut at Dalal Street on Tuesday, April 30 and if it goes by the current trends from the grey market, the company may deliver a strong listing pop in its maiden trading session. The company is witnessing a strong demand in the unofficial market.
JNK India IPO is a book built issue of Rs 649.47 crores. The issue is a combination of fresh issue of 0.76 crore shares aggregating to Rs 300.00 crores and offer for sale of 0.84 crore shares aggregating to Rs 349.47 crores.
JNK India IPO bidding started from April 23, 2024 and ended on April 25, 2024. The allotment for JNK India IPO was finalized on Friday, April 26, 2024. The shares got listed on BSE, NSE on April 30, 2024.
JNK India IPO price band is set at ₹395 to ₹415 per share. The minimum lot size for an application is 36 Shares. The minimum amount of investment required by retail investors is ₹14,940. The minimum lot size investment for sNII is 14 lots (504 shares), amounting to ₹209,160, and for bNII, it is 67 lots (2,412 shares), amounting to ₹1,000,980.
JNK India IPO Details
| IPO Date | April 23, 2024 to April 25, 2024 |
| Listing Date | April 30, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹395 to ₹415 per share |
| Lot Size | 36 Shares |
| Total Issue Size | 16,015,988 shares (aggregating up to ₹649.47 Cr) |
| Fresh Issue | 7,594,936 shares (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 | BSE, NSE |
| Share holding pre issue | 48,392,000 |
| Share holding post issue | 55,986,936 |
JNK India IPO Timeline (Tentative Schedule)
| IPO Open Date | Tuesday, April 23, 2024 |
| IPO Close Date | Thursday, April 25, 2024 |
| Basis of Allotment | Friday, April 26, 2024 |
| Initiation of Refunds | Monday, April 29, 2024 |
| Credit of Shares to Demat | Monday, April 29, 2024 |
| Listing Date | Tuesday, April 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 25, 2024 |
JNK India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹14,940 |
| Retail (Max) | 13 | 468 | ₹194,220 |
| S-HNI (Min) | 14 | 504 | ₹209,160 |
| S-HNI (Max) | 66 | 2,376 | ₹986,040 |
| B-HNI (Min) | 67 | 2,412 | ₹1,000,980 |
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