JNK India Limited IPO allotment finalized: A Step-by-Step Guide to Checking Your Status in 6 Simple Steps

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JNK India Limited IPO allotment:

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.

JNK India Limited IPO allotment date:

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

JNK India Limited IPO subscription:

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?

JNK India Limited IPO: How to check allotment status?

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:

  • Go to the Link Intime India Private Ltd website.
  • Select the JNK India Limited IPO from the dropdown menu.
  • Choose either your Application Number, Demat Account, or PAN to proceed.
  • Select your application type as ASBA or non-ASBA.
  • Provide the required details based on your selection in the previous step.
  • Complete the Captcha verification.
  • Click on the submit button to view your allotment status.

Additional Read:Upcoming IPOs in May 2024

How to check JNK India Limited IPO allotment status on BSE:

  • Navigate to the allotment page on the official BSE website via this link: https://www.bseindia.com/investors/appli_check.aspx
  • In the 'Issue Type' section, opt for 'Equity' and pick the JNK India Limited IPO from the dropdown menu labeled 'Issue Name'.
  • Enter either your PAN or application number, then click the 'Submit' button.

How to check JNK India Limited IPO allotment status on NSE:

  • Go to NSE's official website using this link: https://www.nseindia.com/
  • Choose the 'Click here to sign up' option and complete the registration process using your PAN details.
  • Enter your username, password, and captcha code on the subsequent page.
  • Once logged in, navigate to the designated section to check the IPO allotment status.

Additional Read: IPO Allotment Status

Allocation quota for JNK India Limited

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.

Subscription levels for 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 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

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