JNK India makes stellar market debut, lists with 50% premium over issue price
The Maharashtra-based company raised Rs 194.84 crore through its anchor book.
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The Maharashtra-based company raised Rs 194.84 crore through its anchor book.
Unlisted shares of JNK India Ltd are trading Rs 25 higher in the grey market, expecting a 6.02 per cent listing gain from the public issue
On April 22, the Maharashtra-based process-fired heaters, reformers, and cracking furnaces maker raised Rs 194.84 crore through the anchor book.
The JNK India offer consists of a fresh issuance of shares amounting to ₹300 Crore and an offer-for-sale (OFS) of 84.21 lakh equity shares worth ₹349.47 Crore by existing shareholders
Allocation of shares for the JNK India IPO is scheduled for April 26, with listing on both BSE and SME exchanges slated for April 30.