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JNK India IPO allotment status expected on April 26: Here’s how to check share allocation
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
JNK India IPO shares are expected to be listed on the stock exchanges on Tuesday, April 30.
The allocation for JNK India’s initial public offering (IPO) is expected on Friday, April 26, after the conclusion of the subscription period.
The public issue, valued at ₹650 crore, attracted significant investor interest during the public subscription period from April 23 to April 25. The public issue was booked over 28 times.
Qualified Institutional Buyers demonstrated strong demand as the portion reserved for them was booked 75.72 times, while non-institutional investors submitted bids for 23.12 times against the portion set aside for the category.
Retail investors’ portion was subscribed 4.01 times the offered shares.
JNK India IPO shares are expected to be listed on the stock exchanges on Tuesday, April 30.
Steps to check JNK India IPO share allotment status:
The investors can check the IPO share allotment status on the websites of the official registrar Link Intime India Private Ltd and the NSE as well as BSE.
Follow these steps to check IPO share allotment status on registrar website:
· Open Link Intime India Pvt ltd website at https://www.linkintime.co.in/
· Click on the ‘Investor Services and select Public Issues’ section
· Select JNK India from the dropdown list for company names
· Enter either your PAN, application No, DP/Client ID or Account No /IFSC
· Click ‘Submit’ to check status
JNK India IPO share allotment status check on NSE website
· Go to IPO allotment status page at https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
· Login with username and password
· Select JNK India Ltd IPO
· Verify PAN No
· Enter IPO application No
· Click on Submit
Alternatively, investors can check the allotment status on the official website of the BSE.
Successful bidders can expect shares to be credited into their Demat accounts by Monday, April 29, while refunds for non-allottees will also be initiated on the same day.
The JNK India IPO was a combination of fresh issue of equity shares and an offer for sale (OFS) of 84.21 lakh shares by promoters and shareholders.
At the upper end of the price band, the IPO size is projected to be ₹650 crore, with an expected post-issue market capitalization of approximately ₹2,300 crore.
The proceeds from the IPO will be used to fund working capital requirements and for general corporate purposes.
The JNK India price band was fixed in a range of ₹395 to ₹415 per share. The bidding process required a minimum application for a single lot size of 36 shares and in multiples thereof.
The company mobilised nearly ₹195 crore from institutional investors through an anchor roundon April 22.
JNK India specialises in manufacturing heating equipment for process industries like oil refineries and petrochemical plants, offering end-to-end services from design to installation. Its clientele spans both domestic and international markets.
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