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Business / Thu, 25 Apr 2024 ET Now

JNK India IPO GMP Today: Last date subscription ALERT! Check latest grey market premium before apply

Written by : Anish Mondal Updated Apr 25, 2024 | 11:56 AM IST JNK India Limited IPO GMP Price: Last date subscription ALERT - Latest grey market premium (Image: iStock/ET NOW NEWS)JNK India Limited IPO GMP Price Today: The three-day subscription window for bidding for the initial public offering ( IPO ) of JNK India Limited is set to close today i.e. JNK India Limited IPO Lot SizeThe minimum investment amount for JNK India Limited IPO is Rs 14,220 (for retail investors). JNK India Limited IPO Allotment DateAccording to the details available, the JNK India Limited IPO is likely to be finalized on April 26, 2024 (Friday). JNK India Limited IPO Book Running Lead ManagersIIFL Securities Limited and ICICI Securities Limited are the book-running lead managers for JNK India Limited IPO. JNK India Limited IPO Sponsor BankICICI Bank Limited and HDFC Bank Limited are the sponsor bank for the JNK India Limited IPO.

Written by : Anish Mondal Updated Apr 25, 2024 | 11:56 AM IST JNK India Limited IPO GMP Price: Last date subscription ALERT - Latest grey market premium (Image: iStock/ET NOW NEWS)

JNK India Limited IPO GMP Price Today: The three-day subscription window for bidding for the initial public offering ( IPO ) of JNK India Limited is set to close today i.e. Thursday (April 25, 2024). The subscription for JNK India Limited was opened on April 23. Still, the shares of JNK India Limited are commanding a strong GMP or grey market premium in the unlisted market.

JNK India Limited IPO Price Band

JNK India Limited has set a price band of Rs 395 to Rs 415.

JNK India Limited IPO Lot Size

The minimum investment amount for JNK India Limited IPO is Rs 14,220 (for retail investors). According to the company, the Investors can bid for a minimum of 36 shares and in multiples thereof. For HNI investors, the minimum investment amount is Rs 2 lakh, and can bid for a minimum of 504 shares.

JNK India Limited IPO GMP Today Price

According to multiple websites that track grey market activities, JNK India Limited's shares are commanding a premium of Rs 25. This translates into a GMP of 6 per cent.

JNK India Limited IPO Subscription

The issue has received a strong response from investors so far. The company has been subscribed 0.56 times till 06:49 am on April 25. The retail portion has been booked 0.55 times, Non Institutional Investors (NII) portion booked 0.44 times, and Qualified Institutional Buyers (QIBs) portion booked 0.68 times.

JNK India Limited IPO Allotment Date

According to the details available, the JNK India Limited IPO is likely to be finalized on April 26, 2024 (Friday).

JNK India Limited IPO Registrar

The allotment status will be released online on the official website of the registrar -- Link Intime India Private Limited. Besides, the allotment status will also be made available on the official website of the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

JNK India Limited Share Listing Date

JNK India Limited’s shares are proposed to be listed on both the leading exchanges -- NSE and BSE. The listing will likely take place on April 30, 2024.

JNK India Limited IPO Face Value and Application Timings

JNK India Limited’s IPO face Value is Rs 2 and the market timings are from 10 am to 5 pm.

JNK India Limited IPO Book Running Lead Managers

IIFL Securities Limited and ICICI Securities Limited are the book-running lead managers for JNK India Limited IPO.

JNK India Limited IPO Sponsor Bank

ICICI Bank Limited and HDFC Bank Limited are the sponsor bank for the JNK India Limited IPO.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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