Today marks the finalization of the JNK India IPO share allotment, scheduled for Friday, April 26. Investors who participated in the issue can now check the allotment status on the registrar portal, Link Intime India Private Ltd. The IPO subscription period ran from Tuesday, April 23, to Thursday, April 25, with a subscription status of 28.13 times on the last day, largely driven by QIBs and NIIs.
Using the basis of allocation, investors can determine if and how many shares they have been allocated. The IPO allotment status also reveals the number of shares allocated. Refunds for unsuccessful applicants will commence on Monday, April 29, while allocated shares will be credited to demat accounts on the same day.
JNK India IPO is set to list on Tuesday, April 30. Investors can check their allotment status on the registrar’s website by following these steps:
1. Visit the IPO registrar’s website, Link Intime India Private Ltd.: https://linkintime.co.in/initial_offer/public-issues.html
2. Select the IPO from the dropdown menu once allocation is completed.
3. Choose the Application No., Demat Account, or PAN option to view the status.
4. Select ASBA or non-ASBA under application type.
5. Provide the necessary details and complete the captcha before clicking submit.
Additionally, investors can check the JNK India IPO allotment status on BSE and NSE websites by following the respective steps outlined for each exchange.
The grey market premium (GMP) for JNK India IPO stands at +85, indicating a premium of ₹85 per share in the grey market, according to investorgain.com. Considering this, analysts anticipate JNK India shares to list at around ₹500 per share, representing a 20.48% increase over the IPO price of ₹415.
Today’s GMP suggests a strong listing, reflecting investor confidence observed over the past 11 sessions in the grey market. The GMP serves as an indicator of investors’ willingness to pay more than the issue price.
