JNK India IPO shares are expected to list on April 30. The issue opened on April 23 to raise a total of Rs 649.47 crore. JNK India set the price band at Rs 395 to Rs 415 per share. The company closed its issue on April 25.
Grey Market Premium
JNK India’s shares were trading with a premium of over 28% in the grey market before listing on the bourses. The grey market is an unofficial market where stocks of the company exchange hands illegally before listing on the bourses.
Allotment
The allotment of JNK India’s shares was finalised on April 26, with the expectation of listing on April 30.
Lot Size
A retail bidder had to subscribe for a minimum of 36 shares amounting to Rs 14,940. For NII, a lot size is 14 with 504 shares aggregating to Rs 2,09,160 for the small non-institutional bidders. For big non-institutional investors a lot of 67 with 2,412 shares amounting to Rs 10,00,980.
Book Runners
IIFL Securities and ICICI Securities were working as the book-running lead managers for the issue of the JNK India IPO.
Registrar
Link Intime India was chosen as the registrar for the issue of JNK India.