BAJAJ BROKING
If you've applied for the JNK India Limited IPO, you're likely eager to know the allocation status. Well, the wait is over! The allotment process has been completed, and now you can easily check how many shares you've been allotted. You can do this by visiting the Link Intime India Private Ltd registrar website. Moreover, for those who didn't receive an allotment, rest assured, the refund process has also been finalized.
The allotment date for the JNK India Limited IPO has been confirmed, and allotments have been finalized. Investors who applied for the issue can now verify their allotment status on the registrar portal designated for JNK India Limited IPO, managed by Link Intime India Private Ltd. You can discover the number of shares allotted to you through the registrar's website. Additionally, the company has concluded the refund process for investors who were not allotted shares. The subscription period for JNK India Limited IPO commenced on 23rd April 2024 and concluded on 25th April 2024.
Additional Read: JNK India Limited IPO
On the third day of subscription, the JNK India Limited IPO witnessed 28.46 times subscription, indicating good demand for the issue. The listing date is scheduled on 30th April 2024. Investors can ascertain their share allocation through the basis of allotment process and check their allotment status. For those who were not allocated shares, the refund process will commence on 29th April 2024. Those allotted shares will receive them in their demat accounts on 29th April 2024. The listing date for JNK India Limited IPO is confirmed to be 30th April 2024.
Additional Read: What Is the IPO Allotment Process?
If you've applied for the JNK India Limited IPO, you can easily check your allotment status on the Link Intime India Private Ltd website. Here's a simple guide to check your allotment status:
Additional Read:Upcoming IPOs in May 2024
Additional Read: IPO Allotment Status
The following table outlines the allocation quotas for different categories, detailing both the number of shares and the percentage of the total share capital raised. However, it's primarily the quotas for retail and HNI investors that are of significant interest.
Category of Investors | Allocation of shares under IPO |
Reservation for Employees | - |
Anchor Allocation | 46,94,989 shares (29.31% of Net Offer size) |
QIB Shares Offered | 33,12,955 shares (20.69% of Net Offer size) |
NII (HNI) Shares Offered | 24,02,398 shares (15.00% of Net Offer size) |
Retail Shares Offered | 56,05,596 shares (35.00% of Net Offer size) |
Total Shares Offered | 1,60,15,988 shares (100.00% of IPO size) |
Data Source: BSE
Let's now examine how different categories of investors participated in placing their bids for the IPO of JNK India Limited.
Next, let's delve into the level of subscription. The table below illustrates the degree of subscription for each category, along with the overall subscription for JNK India Limited.
Category | Subscription Status |
Qualified Institutional Buyers (QIB) | 74.40 |
S (HNI) ₹2 lakhs to ₹10 lakhs | 27.73 |
B (HNI) Above ₹10 lakhs | 15.94 |
Non Institutional Investors (NII) | 23.80 |
Retail Individuals | 4.20 |
Employees | - |
Overall Subscription | 28.46 |
Additional Read: How to Invest in an IPO Online
Data Source: BSE
The response to the IPO of JNK India Limited was generally considered modest. The QIB portion witnessed a subscription of 74.40 times, while the HNI/NII portion saw a subscription of 23.80 times. The IPO full form, which stands for Initial Public Offering, is a process through which companies offer their shares to the public for the first time. The Retail portion experienced a subscription of 4.20 times, culminating in an overall subscription of 28.46 times for the IPO.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Gold Rate Today | 15 January 2025 | Gold Price in India
15 Jan, 2025 | 40 Min. read
Delhi Court Discharges JSW Steel in Corruption Case; HC Clears Monnet Takeover
15 Jan, 2025 | 2 Min. read
IRFC Emerges L1 Bidder to Finance ₹3,167 Crore for Banhardih Coal Block
15 Jan, 2025 | 2 Min. read
Cipla’s Tax Demand Reduced to ₹559.18 Crores After Revision
15 Jan, 2025 | 2 Min. read
Govt Plans 5-6% Hike in Highway Budget for FY26 After FY25 Slump
15 Jan, 2025 | 2 Min. read
Rikhav Securities IPO- Key Objective & Deep Analysis
15 Jan, 2025 | 5 Min. read
HCL Tech expands partnership with Microsoft to transform contact centres
14 Jan, 2025 | 2 Min. read
BEL secures new orders worth Rs 561 crore, boosting FY25 order book
14 Jan, 2025 | 2 Min. read
ITI Ltd secures Rs 64 crore contracts for Wi-Fi and CCTV systems
14 Jan, 2025 | 2 Min. read
JSW Energy secures LoI for 3.6 GW KSK Mahanadi power plant
14 Jan, 2025 | 2 Min. read
Biocon Biologics’ Johor Bahru Facility Receives FDA VAI Classification
13 Jan, 2025 | 2 Min. read
Interarch Secures ₹221 Crore Projects in Semiconductors & Energy Storage
13 Jan, 2025 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading