JNK India IPO
JNK India Limited (JNKINDIA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 30 April 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +11.8% (likely range 0% to +26%), day's high +18.2%, chance of a gain 82%. Actual: +49.6% at the open, +71.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 30,75,283 | 23,28,53,724 | 75.7x | |
| NII (HNI) total | 24,02,399 | 5,58,79,812 | 23.3x | |
| Big NII (above ₹10 lakh) | 16,01,599 | 4,34,04,840 | 27.1x | |
| Small NII (₹2-10 lakh) | 8,00,800 | 1,24,74,972 | 15.6x | |
| Retail | 56,05,596 | 2,30,32,620 | 4.11x | |
| Total | 1,10,83,278 | 31,17,66,156 | 28.1x |
Bids on NSE and BSE together, as published by NSE, as of 25 Apr 2024, 07:00 PM. Shares offered exclude the anchor portion. 6% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to JNK India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Uniparts IndiaDec 2022 | 67.1x | 17.9x | 4.63x | 25.3x | ₹836 Cr | -0.3% | 0.0% |
| Kaynes Technology IndiaNov 2022 | 98.5x | 21.2x | 4.10x | 34.2x | ₹872 Cr | +32.5% | +33.9% |
| Syrma SGS TechnologyAug 2022 | 87.6x | 17.5x | 5.53x | 32.6x | ₹911 Cr | +18.2% | +41.8% |
| Concord BiotechAug 2023 | 67.7x | 17.0x | 3.78x | 24.9x | ₹1,551 Cr | +21.5% | +33.3% |
| Rishabh InstrumentsSep 2023 | 72.5x | 31.3x | 8.44x | 31.7x | ₹491 Cr | +4.3% | +6.6% |
| Cello WorldNov 2023 | 109x | 24.4x | 3.06x | 38.9x | ₹2,068 Cr | +27.9% | +29.2% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| IIFL Securities | 94 | +19.3% | 71% |
| ICICI Securities | 109 | +21.3% | 69% |
Offer documents (NSE)
Frequently asked
What is the JNK India IPO price band and lot size? ₹395–415 per share, with a lot of 36 shares, so the smallest retail bid is ₹14,940.
How many times has it been subscribed? 28.1x overall: QIB 75.7x, NII 23.3x, retail 4.11x.
How did it list? It opened at ₹621, +49.6% against the issue price of ₹415, and closed its first day +67.4%.
