JNK India listing: Shares make stellar debut at 50% premium over IPO price
Hindustan TimesJNK India listing: Shares of JNK India Limited made debuted today at ₹621, a premium of 50 percent over the issue price of ₹415. JNK India listing: Shares make stellar debut at 50% premium over IPO price JNK India IPO subscription details JNK India's ₹649.47-crore initial public offer witnessed a subscription of 28.13 times as investors bid for 31.17 crore equity shares against the total issue size of 1.1 crore shares while QIBs or qualified institutional buyers led bought 75.72 times their quota, Non-institutional investors took 23.26 times the allotted quota and retail investors purchased 4.11 times their reserved portion. JNK India IPO anchor book details The company raised ₹194.84 crore through its anchor book on April 22. JNK India IPO details JNK India IPO comprises fresh issuance of shares amounting to ₹300 crore as well as an offer-for-sale of 84.21 lakh equity shares worth ₹349.47 crore.