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:
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading