Milind Doshi News Today

The IPO comprised fresh equity of up to Rs 300 crore and an offer for sale of up to Rs 84.2 lakh worth shares. Under the OFS, Goutam Rampelli, Dipak Kacharulal, JNK Heaters, Mascot Capital and Marketing, and Milind Doshi will offload shares.

JNK India IPO: The offer reserves 50% for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors. The net proceeds will be allocated towards fulfilling working capital needs and other general corporate purposes.

JNK India IPO GMP, Price Band: JNK India IPO to open for Rs 650 crore with fresh equity and offer for sale. Reserved quotas. Anand Rathi advises subscription. Market cap post issue, price band set. Proceeds for working capital.

JNK India received steady response so far on first day. The category reserved for institutional investors was booked the most at 67%, followed by retail investors at 34% and non-institutional investors at 9%.

Next weeks primary market features the mainboard IPO of JNK India and three SME public offers. Despite a slow start to the fiscal year, analysts are optimistic about upcoming public issues, citing increased domestic capital, improved governance, Indian entrepreneurship, and supportive government policies. Additionally, four listings are anticipated, including Greenhitech Ventures, Grill Splendour Services, Ramdevbaba Solvent, and Faalcon Concepts.

The issue closes on April 25 and the anchor investors allocation will be done on April 22. Investors can bid for a minimum of 36 shares in one lot and in multiples thereafter.

The JNK India issue comprises fresh equity of up to Rs 300 crore and an OFS of up to Rs 84.2 lakh worth shares. Doms Industries plans to raise Rs 1,200 crore via IPO, which consists of fresh equity issue of Rs 350 crore and an OFS of Rs 850 crore

JNK India IPO: The issue comprises fresh equity of up to Rs 300 crore and an offer for sale (OFS) of up to Rs 84.21 lakh worth shares. Under the OFS, Goutam Rampelli, Dipak Kacharulal Bharuka, JNK Heaters, Mascot Capital and Marketing and Milind Doshi would offload shares, the DRHP filing showed.