The JNK India IPO, which ran between April 23rd and 25th, has concluded the bidding process. The company offered its shares in a fixed price band of Rs 395-415 per share, with a lot size of 36 shares. Now, investors eagerly await allotment status and other crucial details.
JNK India IPO Allotment and Timeline. JNK India is expected to finalize the allotment of shares on April 26th, 2024. Investors can expect to receive messages, alerts, or emails regarding debits from their accounts or revocation of IPO mandates either over the weekend or by Monday, April 28th at the latest.
Checking JNK India IPO Allotment Status
There are two primary ways to check your JNK India IPO allotment status:
- Bombay Stock Exchange (BSE) Website:
- Visit https://www.bseindia.com/investors/appli_check.aspx
- Under "Issue Type," select "Equity."
- From the "Issue Name" dropdown, choose "JNK India Limited."
- Enter your application number and PAN card ID.
- Click "I am not a Robot" and submit.
- Link Intime India Website (Registrar):
- Visit https://linkintime.co.in/MIPO/Ipoallotment.html
- Select the IPO from the dropdown (only populated if allotment is finalized)
- Choose your preferred mode of verification: application number, Demat account number, or PAN ID.
- Select your application type (ASBA or non-ASBA).
- Enter the details corresponding to your chosen verification mode.
- Fill the captcha and submit.
Grey Market Premium (GMP) and Potential Listing Price
The Grey Market Premium (GMP) for JNK India has witnessed a significant rise since the closure of the bidding process. As of now, the company is commanding a premium of Rs 85-90 per share, translating to a possible listing pop of around 20-21% for investors. It's important to remember that GMP is unofficial and doesn't guarantee actual listing price.
JNK India: Company Profile. Established in 2010, JNK India is a Thane-based company engaged in the design, manufacturing, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces. Their manufacturing operations are carried out in-house facilities and/or through third-party vendors.
Brokerage Firms' Analysis of JNK India IPO. Several brokerage firms expressed a positive outlook on the JNK India IPO, recommending subscription based on the company's strong fundamentals, the projected rise in the capex cycle, potential for expansion, and sound financial health. However, they also cautioned about the company's growing need for working capital and potential delays in capex plans, which could pose challenges in the future.
JNK India IPO Listing Date
Shares of JNK India are likely to be listed on both the BSE and NSE on Tuesday, April 30th, 2024.
Important Reminders for Investors
- Allotment status is expected to be finalized on April 26th.
- You can check your allotment status on the BSE website or Link Intime India's portal.
- The Grey Market Premium (GMP) is unofficial and doesn't guarantee the actual listing price.
- JNK India's listing on the stock exchanges is tentatively scheduled for April 30th.
By staying informed about these key details and conducting thorough research, investors who participated in the JNK India IPO can make informed decisions about their investment strategy.
