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 current subscription status of JNK India Limited IPO?

JNK India Limited IPO has received a total subscription of 28.39 times overall.

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

28.39x

Total Demand

QIB Multiplier

74.40x

Institutions & Funds

NII / HNI

23.73x

High Net-Worth

Retail (RII)

4.11x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 28.39x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	3,129,903	232,853,724	74.40x
NIB	2,347,497	55,713,708	23.73x
HNIs(10L +)	1,564,997	43,404,840	27.73x
HNIs (2-10L)	782,500	12,308,868	15.73x
RETAIL	5,477,489	22,487,976	4.11x
Total	13,302,386	366,769,116	28.39x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 4.81x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	152,152	625,345	4.11x
HNIs (10L +)	973	23,089	23.73x
HNIs (2-10L)	4,658	110,534	23.73x
Total Applications	157,783	758,968	4.81x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for JNK India Limited IPO is ₹135 per equity share. Based on the upper price band of ₹349 to ₹415 per equity share, the estimated listing price is ₹550 (+32.5% expected listing 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, the expected profit per application lot is approx ₹4,860 (+32.5% gain). Minimum application cost is approx ₹14,940.

What is the issue size and price band for JNK India Limited IPO?

The JNK India Limited IPO aggregate issue size is ₹649.47 Crores with an equity price band set at ₹349 to ₹415 per equity share. The retail lot size is 36 shares requiring a minimum capital outlay of approx. ₹14,940.

How can I check JNK India Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 28.39x (Retail: 4.11x, QIB: 74.40x, NII: 23.73x). You can track live multiples directly on our dedicated subscription page.

Where and when will JNK India Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-04-26. Investors can verify status using PAN card or application number.

When is the listing date for JNK India Limited IPO?

JNK India Limited shares are scheduled to list on BSE on 2024-04-30.