Investor excitement peaks as the JNK India Limited’s initial public offering (IPO) sets its wheels in motion today. With a pricing band of ₹395 to ₹415 per equity share, the IPO window remains open until April 25, drawing keen interest from market participants.
The IPO, aiming to raise a substantial ₹649.47 crore, of which ₹300 crore is allocated for fresh shares, showcases a robust move in the capital markets. An Offer for Sale (OFS) component of ₹349.47 crore further intensifies investor anticipation.
Shares of JNK India Limited are trading at a premium of ₹15 in the grey market today, reflecting positive market sentiments towards the offering. The IPO date, set between April 22 and April 25, offers investors an opportunity to engage with the company’s growth trajectory.
The allotment date for JNK India IPO is tentatively scheduled for April 26, providing clarity on the subscription process. Post-allotment, the IPO shares are expected to be listed on premier stock exchanges, namely BSE and NSE, by April 30, enhancing the ticker’s visibility in the market.
Link Intime India Private Limited, designated as the official registrar for the JNK India IPO, plays a pivotal role in facilitating a seamless offering process. The company’s robust infrastructure ensures efficient handling of investor applications and allotments, contributing to the smooth functioning of the IPO.
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