JNK India IPO subscribed 28 times on the Final Day

The Initial Public Offering of JNK India Limited was subscribed 28.07 times on the final day of bidding.

The issue received bids of 31,10,55,408 shares against the offered 1,10,83,278 equity shares, at a price band of ₹395-415, according to the data available on the stock exchanges.

Qualified Institutional Buyer Portion was subscribed 75.72 times, Non-Institutional Investors Portion was subscribed 23.19 times, whereas Retail Portion was subscribed 4.01 times.

IIFL Securities Limited and ICICI Securities Limited are the book-running lead managers and Link Intime India Private Limited is the registrar of the issue.

Source : Equity Bulls

Keywords

JNKIndia FundRaising IPO Oversubscription