Here’s a detailed overview of the JNK India IPO subscription status as of April 24, 2024:
Subscription Status:
– The JNK India IPO is currently subscribed 0.88 times as of April 24, 2024, 3:29:09 PM (Day 2).
– Across categories, the IPO has seen varied subscription levels: 1.02 times in the retail category, 0.66 times in the QIB category, and 0.86 times in the NII category.
– Within the NII category, there are further distinctions between bids above ₹10L (0.72 times subscription) and bids below ₹10L (1.15 times subscription).
Detailed Subscription Breakdown:
– QIB Category: Subscribed 0.66 times, with 20,74,788 shares bid for out of 31,29,903 shares offered.
– NII Category: Subscribed 0.86 times, with 20,21,004 shares bid for out of 23,47,497 shares offered.
– bNII (bids above ₹10L): Subscribed 0.72 times.
– sNII (bids below ₹10L): Subscribed 1.15 times.
– Retail Category: Subscribed 1.02 times, with 55,95,984 shares bid for out of 54,77,489 shares offered.
Total Applications: 102,490.
Key IPO Details:
– JNK India IPO is a book-built issue valued at Rs 649.47 crores, comprising a fresh issue of 0.76 crore shares amounting to Rs 300.00 crores and an offer for sale of 0.84 crore shares amounting to Rs 349.47 crores.
– Bidding for the IPO opened on April 23, 2024, and will close on April 25, 2024.
– The allotment for the JNK India IPO is anticipated to be finalized on Friday, April 26, 2024.
– The IPO is set to list on BSE and NSE, with a tentative listing date scheduled for Tuesday, April 30, 2024.
– The price band for the JNK India IPO is fixed at ₹395 to ₹415 per share, with a minimum lot size of 36 shares.
– Retail investors are required to invest a minimum amount of ₹14,940, while sNII and bNII have minimum lot size investments of 14 lots (504 shares) and 67 lots (2,412 shares) respectively.
– IIFL Securities Ltd and ICICI Securities Limited serve as the book running lead managers, with Link Intime India Private Ltd acting as the registrar for the issue.
Overall, the subscription status provides insights into investor interest and participation in the JNK India IPO, reflecting the market’s response to the offering across different investor categories.
