Process Equipment/Oil & Gas - Listed on 30 April 2024
JNK India (Process Equipment/Oil & Gas) closed its IPO window in 2024 and listed on NSE and BSE on 30 April 2024 at an upper band issue price of Rs 415, opening at Rs 621 for a listing gain of +49.6% and closing day one at Rs 694.55 (+67.4% on closing basis). The IPO was subscribed 28.04x overall - QIB 75.72x, HNI/NII 23.18x, Retail 3.96x. The total issue size was Rs 649.47 Cr (Fresh Issue Rs 300 Cr, OFS Rs 349.47 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Process Equipment/Oil & Gas
JNK India operates in the Process Equipment/Oil & Gas space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The JNK India issue was offered at an upper price of Rs 415 and raised approximately Rs 649.47 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 20 | +25.30% |
| Day 2 | Rs 20 | +22.89% |
| Day 3 | Rs 20 | +15.66% |
| Day 4 | Rs 25 | +6.02% |
| Day 5 | Rs 25 | +6.02% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the JNK India IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
JNK India IPO listed at +49.6% versus the upper issue price of Rs 415 on 30 April 2024.
JNK India IPO was subscribed 28.04x overall. QIB portion was subscribed 75.72x, HNI / NII 23.18x and Retail 3.96x.
IPO GMP started at Rs 20 on Day 1 and moved to Rs 25 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.