• Source:JND
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JNK India IPO:  If you like to bid on IPOs then, JNK India's Rs 649.47 crore initial public offering (IPO) has opened for retail investors today. The offer is a combination of fresh shares and an offer for sale from the existing investors. JNK India is offering to issue 0.76 crore fresh shares and, 84 lakh shares as Offer for Sale through IPO. Below is the information about the initial public offering of JNK India.

JNK India IPO Price band

The company's IPO will be open from April 23 to April 25 and the share allotment will be done on April 26. Subsequently, the company's listing on BSE and NSE will take place on April 30. The price band for this IPO has been fixed at Rs 395 to Rs 415 per share. The company has created one lot of 36 shares. Thus, a retail investor will have to place a bid of at least Rs 14,940.

Raised Rs 195 crore from anchor investors

The company's IPO was open to anchor investors on Monday. During this period the company was successful in raising Rs 194.84 crore. The company has allotted 46,94,989 shares to anchor investors at Rs 415 per share.

JNK India IPO According to the report of a leading share broker, JNK India IPO is available in the grey market at a premium of Rs 15. If this trend continues till listing, the company can make its debut in the stock market at Rs 430. That means investors can expect a profit of only 3.61 percent on the day of listing. Now it remains to be seen what will be the attitude of investors towards this main board IPO.

Note- This is not an advice for investing. Please take an expert opinion before investing. 

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