JNK India IPO

JNK India IPO
JNK India IPO Image/iStock
JNK India IPO
JNK India IPO Image/iStock

JNK India IPO

JNK India IPO

JNK India IPO Launching Soon

JNK India, a prominent heating equipment manufacturer, is gearing up to launch its initial public offering (IPO) this week. The IPO subscription window is scheduled to open on April 23 and will close on April 25.

Specializing in the production of heating equipment crucial for various industries, JNK India witnessed a substantial increase in revenue and profit after tax (PAT) in the fiscal year ending March 31, 2023, compared to the previous year.

Key Factors to Consider

  1. IPO Date: Opens on April 23 and closes on April 25.
  2. Price Band: Fixed between ₹395 and ₹415 with a face value of ₹2.
  3. IPO Size: Consists of a fresh issue of ₹300 crore and an offer-for-sale of up to 8,421,052 equity shares.
  4. Lot Size: Minimum bid for 36 equity shares.
  5. Reservation: Allocation for NII, QIB, and retail investors.
  6. Allotment Date: Expected on April 26, 2024.
  7. Listing Date: Tentatively set for April 30, 2024, on BSE and NSE.
  8. Registrar: Link Intime India Private Ltd.
  9. Book Running Managers: IIFL Securities Ltd and ICICI Securities Limited.
  10. GMP: Currently trading at a premium of ₹0 in the grey market premium.

Investors should carefully consider these factors before subscribing to the JNK India IPO to make informed investment decisions.

Source: Mint

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