What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for JNK India Limited IPO?

Based on the upper price band of ₹415 and current GMP of ₹135, the estimated listing price is ₹550 (approx. 32.5% gain).

What is the expected profit per lot for JNK India Limited IPO?

With a lot size of 36 shares and current GMP of ₹135, expected profit per retail application lot is approximately ₹4,860.

IPO GreyPremiumLIVE

Grey Market Intelligence

JNK India Limited

ListedMainboard

Industrial Engineering · BSE

JNK India Limited, founded in 2010, specializes in designing, manufacturing, and installing industrial heating systems like process-fired heaters, reformers, and cracking furnaces. The company operates in India and globally, with completed projects in states like Maharashtra, Tamil Nadu, and West Bengal, as well as in Nigeria and Mexico. Serving top clients like Indian Oil Corporation and Tata Projects, JNK India ensures high-quality manufacturing, either in-house or through trusted vendors. Its Mundra facility in Gujarat, dedicated to exports, has a 5,000 metric tonne annual capacity. With 192 permanent employees (as of March 2023), JNK India remains committed to delivering reliable solutions and maintaining industry excellence.

Price Band

₹349 – ₹415

Issue Size

₹649 Cr

Lot Size

36 shares

GMP

₹135

+32.5%

Est. Listing

₹550

at current GMP

Subscribed

28.39x

overall

Open

23 Apr 2024

25 Apr 2024

Allotment

26 Apr 2024

Refund

27 Apr 2024

Demat Credit

28 Apr 2024

Listing

30 Apr 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

JNK India Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹135+32.5%

Issue Price (Upper)

₹415

Band: ₹349 – ₹415

Estimated Listing Price

₹550

Upper price + GMP

Lot Size

36 shares

Min investment ₹14,940

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹135	32.5%	₹550
30 Oct 2026	+₹135	32.5%	₹550
29 Oct 2026	+₹122	29.3%	₹537

About JNK India Limited Public Issue & Market Profile

JNK India Limited is bringing an initial public offering (IPO) in the Industrial Engineering sector with an aggregate issue size of ₹649.47 Crores. The shares are offered at a price band of ₹349 to ₹415 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 36 shares (approx. ₹14,940 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Basis of Allotment & Listing Timeline:

Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-04-28, while un-allotted funds or UPI block mandates will be released on 2024-04-27.

Frequently Asked Questions

What is JNK India Limited IPO GMP today?

The latest grey market premium for JNK India Limited IPO is ₹135, which indicates an expected listing price of ₹550.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.