How To Check JNK India IPO Allotment Status

JNK India IPO aims to raise ₹649.47 crore. The IPO, which opened on April 23, 2024, and is set to close on April 25, 2024, is a book-built issue with a price band of ₹395 to ₹415 per share. The minimum lot size is 36 shares, requiring a minimum investment of ₹14,940 from retail investors.

If you applied for the IPO, here is how you can check the JNK India IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the JNK IPO allotment status

1. Visit the registrar's website.
2. Click on "Company Selection" and choose "JNK India" from the dropdown menu.
3. Then you can enter your PAN, application number, or Demat.
4. Enter the captcha and click Submit to retrieve the JNK IPO allotment status

Checking IPO Allotment Status on BSE:

1. Go to the BSE website.
2. Click on the ‘Equity' section and select "JNK India" from the dropdown menu.
3. Enter your application number or PAN.
4. Click on the ‘Search' button.
5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the JNK IPO allotment status will be visible.

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JNK IPO Subscription Status

At the end of the final day of bidding, the JNK IPO has seen a subscription of 28.46 times. The Qualified Institutional Buyers (QIBs) portion was subscribed 74.40 times, while the Non-Institutional Investors (NII) portion saw a subscription of 23.80 times. The Retail Individual Investors (RIIs) portion was subscribed 4.20 times.

The IPO's allocation structure reserves 20% of the shares for QIBs, 15% for NIIs, 35% for RIIs, and 30% for Anchor investors, ensuring broad participation across investor categories.

JNK IPO GMP

The JNK India IPO GMP currently stands at ₹85. It is a sharp rise from the ₹25 reported when the IPO opened. With the upper price band of the IPO at ₹415, the stock is expected to list at ₹50, indicating a gain of approximately 20% on listing. However, it is crucial to note that while GMPs can provide some insight into market sentiment towards an IPO, they are not always a reliable predictor of the stock's performance upon listing.

JNK IPO Details

JNK India plans to use the net proceeds from its IPO to finance working capital requirements and for general corporate purposes. Prior to the IPO opening, the company successfully raised ₹194.84 crores from anchor investors by allocating 46,94,989 equity shares at ₹415 per share.

Prominent participants in the anchor round include both foreign and domestic institutions such as Goldman Sachs, Allianz Global Investors Fund, Natixis International Funds, Kotak Mutual Fund, HDFC Mutual Fund, Nippon Life India, Mirae, DSP Mutual Fund, Edelweiss Trusteeship, LIC Mutual Fund, Bajaj Allianz Life Insurance Company, and Aditya Birla Sun Life Insurance Company.

About JNK India

Established in 2010, JNK India specializes in the design, manufacture, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces. The company has successfully completed projects across various Indian states and internationally, including in Nigeria and Mexico. As of March 31, 2023, JNK India has catered to over 17 clients within India and seven clients overseas.

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