JNK India specialises in the design, production, delivery, installation, and initiation of process-fired heaters, reformers, and cracking furnaces, which debuted on the Indian stock market today. The stock of JNK India settled at Rs 621 per share on the NSE, representing an impressive 49.64% premium over the final issue price of Rs 415 per share. …
On April 25, 2024, Day 3 of the bidding process of the Initial Public Offer (IPO) of JNK India Limited was subscribed 28.39x. The retail portion was subscribed to 4.10x, 74.40x in Qualified Institutional Buyers (QIB), and 23.73x in the Non-Institutional Investors (NII) category. The JNK India Limited IPO closed on April 25, 2024. The …
On Wednesday, April 24, 2024, Day 2 of the bidding process, the Initial Public Offer (IPO) of JNK India Limited was subscribed 1.04x. The retail portion was subscribed to 1.16x, 0.67x in Qualified Institutional Buyers (QIB), and 1.28x in the Non-Institutional Investors (NII) category. The JNK India Limited IPO opened for subscription on April 23, …
On the first day of the bidding process, Tuesday, April 23, 2024, the Initial Public Offer (IPO) of JNK India Limited was subscribed 0.50x. The retail portion was subscribed to 0.50x, while 0.66x in Qualified Institutional Buyers (QIB) and 0.26x in the Non-Institutional Investors (NII) category. On April 23, 2024, the shares of JNK India …
Monday was an exciting day for Indian markets, with the Nifty and Sensex indices closing with gains of 0.77% and 0.86%, respectively. But the most significant development came from Vodafone Idea, whose follow-on public offer (FPO) saw a phenomenal response from investors. Vodafone Idea FPO Oversubscribed As of 3:57 PM, Vodafone Idea’s FPO was subscribed …
Undoubtedly, the two consecutive sessions of the Modi government have proven to be beneficial for the country in terms of growth, with various new initiatives propelling the nation to new heights. While we won’t cover the specific changes made by the government during these sessions, we will explore the overall performance of the primary market …
On April 15, 2024, Deepak Builders & Engineers India Limited filed DRHP with the market regulator, the Securities and Exchange Board of India (SEBI), to float an Initial Public Offering (IPO). As per DRHP, the IPO is likely to be a combination of both a fresh issue and an offer-for-sale. Under the fresh issue, the …
On Friday, despite the Indian benchmark indices reeling under selling pressure, with Sensex and Nifty down by 0.50%, there’s reason for market participants to cheer. This reason stems from the listing of Bharti Hexacom Ltd. Strong Debut on NSE The IPO of Bharti Hexacom Ltd made a robust debut on NSE at Rs 755, against …
On the last day of the bidding process, Friday, April 5, 2024, the Initial Public Offer (IPO) of Bharti Hexacom Limited was subscribed to 29.88x. The retail portion was subscribed to 2.82x, while 48.57x in Qualified Institutional Buyers (QIB) and 10.51x in the Non-Institutional Investors (NII) category. The share allotment will likely take place on …
The excitement surrounding IPOs is palpable, but there’s a lesser-known facet that’s gaining traction in financial circles: Pre-IPO placement. Ever wondered how much capital companies manage to gather through this route? Well, in FY24, the numbers are staggering! What is Pre-IPO Placement? So, what exactly is Pre-IPO Placement? It’s essentially a private offering of shares …
