The JNK India IPO subscription status started on April 23, 2024, and it is also being subscribed by QIB, NII, and RII. The JNK India IPO began on April 23, 2024, and will end on April 25, 2024. JNK India IPO is preparing to raise ₹649.47 crores through its fresh issue and offer for sale, in which the fresh issue is ₹300.00 crores and the offer for sale is ₹349.47 crores, and the JNK India IPO price band is fixed at ₹395 to ₹415 per share. You Can check JNK India IPO GMP here.
JNK India Limited manufactures process heaters, reformers, and cracking furnaces (together, the “Heating Equipment”) that are required in process industries such as oil and gas refineries, petrochemical, and fertilizer industries. The company has capabilities in thermal designing, engineering, manufacturing, supplying, installing, and commissioning Heating Equipment and caters to both domestic and overseas markets.
JNK India IPO reserved shares in this IPO, 50% for QIB 15% for NII, and 35% for the retail category have been reserved. To know the JNK India IPO Subscription Status, you can see the below-day Subscription.
JNK India IPO Review :
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- ■ The company is a niche player in Heating Equipment segment.
- ■ The company has orders on hand worth Rs. 845 cr. as of December 31, 2023.
- ■ The company top and bottom line very strong growth.
- ■ The company PE ratio is attractive based on FY24 earnings.
- ■ The company issue price appears reasonably priced, Investor can bet on the long term.
JNK India IPO Subscription Status {Live Update} :
The total JNK India IPO Subscription Status subscribed 28.13x times so far, with QIB subscribed 75.72x NII subscribed 23.26x times & RII 4.11x times on Day 3. (Closed)
| Category | Day 1 | Day 2 | Day 3 |
| QIB : | 0.67x | 0.68x | 75.72x |
| NII : _________ bNII (above ₹10L): sNII (below ₹10L): | 0.25x ______ 0.16x 0.43x | 1.25x ______ 1.07x 1.61x | 23.26x ______ 27.10x 15.58x |
| RII : | 0.48x | 1.13x | 4.11x |
| Total : | 0.49x | 1.03x | 28.13x |
JNK India IPO Net Shares Offered:
JNK India IPO is a public issue of 15,649,878 equity shares. The issue offers 3,129,903 shares to qualified institutional buyers, 2,347,497 shares to non-institutional investors, and 5,477,489 shares to retail investors.
| Category | Net EQ Offer | Amount(in Cr) |
| Anchor : | 4,694,989 | 194.84 |
| QIB : | 3,129,903 | 129.89 |
| NII : ________________________ bNII (bids above ₹10L) : sNII (bids below ₹10L) : | 2,347,497 ______________ 1,564,997 782,500 | 97.42 _______ 64.95 32.47 |
| RII : | 5,477,489 | 227.32 |
| Total : | 15,649,878 | 649.47 |
Investor Categories Define :
■ Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds, insurance companies, and pension schemes.
■ Non-Institutional Investors(NII): Retail Individual Investors, NRIs, Companies, Trusts, etc
● sNII (bids below Rs 10L): The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category.
● bNII (bids above Rs 10L): The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory.
■ Retail Individual Investors (RII): Retail Individual Investors or NRIs
■ Employee (EMP): Eligible Employees
■ Others: Eligible Shareholders
JNK India IPO Subscription Status FAQs :
How much is the total JNK India IPO Subscription Status?
The total JNK India IPO Subscription Status is 28.13x times Day 3.
What is the JNK India IPO retail subscription Status?
JNK India IPO Retail Subscription 4.11x times Day 3.
What is the JNK India IPO QIB subscription Status?
The JNK India IPO QIB subscription is 75.72x times Day 3.
What is the JNK India IPO NII subscription status?
JNK India IPO NII Subscription 23.26x times Day 3.
When is the JNK India IPO Allotment Date?
JNK India’s IPO allotment date is April 26, 2024
When is the JNK India IPO Listing Date?
JNK India’s IPO listing date is April 30, 2024. The IPO is to be listed on BSE and NSE.
How to Apply the JNK India IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “JNK India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the JNK India IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “JNK India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the JNK India IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “JNK India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the JNK India IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “JNK India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
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