JNK INDIA IPO UPDATE
In equity's Indian summer, IPOs and investors make hay in 2024
The IPO market in 2024 has seen strong investor interest with 38 companies listing at an average gain of 25%. While some stocks like Jyoti CNC Automation and Exicom Tele-Systems have surged 100-300%, others are trading below offer price. Major IPOs from Bharti Hexacom and Aadhar Housing Finance have performed well.
Bansal Wire IPO to open for subscription on Wednesday. Here's what GMP indicates
The company aims to raise approximately Rs 745 crore at the upper end of its price band. Investors can bid for a minimum of 58 shares per lot, with the option to bid in multiples of this lot size. Prior to the IPO subscription, the company's shares were trading at a premium of Rs 65 in the unlisted market.
Sebi approves IPOs of FirstCry, Unicommerce and Gala
Sebi approves IPO plans for FirstCry, Unicommerce, and Gala. FirstCry proposes to utilise the net proceeds up to Rs 1816 crore from the offer towards funding the expenditure for setting up new modern stores under the 'BabyHug' brand, setting up a warehouse in India, expenditure for lease payments for the existing identified modern stores owned and operated by the company, in India. Gala Precision Engineering had filed its IPO papers with Sebi on February 14, 2024. The IPO consists of a fresh issue of equity shares up to 25.58 lakh and an offer for sale up to 6.16 lakh by the promoter group and individual selling shareholders.
73% IPOs trading above issue price as primary market shines in H1, four turn multibaggers
The fundraising of Rs 26,272 crore, however fell short of the previous two years likely due to the absence of mega issues. Investors' reception also remained positive with only one failed IPO.
Shivalic Power Control IPO allotment today; check status, GMP, listing date and other details
In the unlisted market, the company's shares are trading at a premium of Rs 175. If the trend continues, the company is expected to debut with gains of 175% on July 1. Investors can check the status of Shivalic Power Control IPO allotment by logging in to the official website of the registrar, which is Skyline Financial Services in this case.
IPO Calendar: Primary market to see 9 new issues and 11 listings next week in post-election boom
Alongside new IPOs, 11 companies will be listed on the stock market, including Stanley Lifestyles, DEE Development Engineers, and Akme Fintrade. Both DEE Development Engineers and Akme Fintrade's public offerings were oversubscribed, indicating strong investor interest.
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Ola Electric is said to face investor pushback on IPO valuation
Ola Electric Mobility is encountering resistance from investors regarding its targeted valuation for the upcoming initial public offering. According to sources familiar with the matter, the company's founder is aiming for a valuation of up to $7 billion in the Mumbai listing. However, initial feedback from investors suggests a valuation closer to $5 billion. The sources requested anonymity as the information is not public.
Fintech firm Pine Labs weighs $1 billion IPO in India
Pine Labs is reportedly considering a US IPO that could value the company at over $6 billion. The offering is expected to include both new and secondary shares, and the company may pursue a pre-IPO funding round.
Allied Blenders & Distillers said to set terms for $180 million listing
In a draft prospectus published in January, the company behind Officer’s Choice whiskey announced plans to raise up to Rs 15 billion. This would include Rs 10 billion from issuing new shares and Rs 5 billion from selling shares held by existing owners.
Bajaj Housing Finance files papers for Rs 7,000 crore IPO
Bajaj Housing Finance, a non-deposit taking housing finance company, has filed Rs 7,000 crore IPO DRHP with fresh equity shares and OFS. In the OFS, Bajaj Finance will off-load its shares.
Ixigo IPO opens on Monday. 10 things to know before subscribing to the issue
Ixigo helps Indian travellers to plan, book and manage their trips be it rail, air, buses and hotels. The IPO comprises fresh equity sale of Rs 120 crore and offer for sale of up to 6.66 crore shares. Its price band has been fixed at Rs 88-93 per share.
Bajaj Housing Finance board approves plan to raise Rs 4,000 crore via IPO
Bajaj Housing Finance, currently a subsidiary of Bajaj Finance, is among 15 NBFC and housing finance companies (HFCs) classified in the so-called upper layer of the RBI, according to a list that was released on September 30, 2022.
Ixigo to launch its IPO on June 10. Check key details
The IPO comprises fresh equity sale of Rs 120 crore and an offer for sale (OFS) of up to 6.66 crore shares. Under the OFS, SAIF Partners, Peak XV Partners, Aloke Bajpai, Rajnish Kumar, Micromax Informatics and Placid Holdings will offload part of their stakes.
Kedaara-backed Ajax Engineering is said to plan India IPO
The concrete equipment maker is planning its IPO in Mumbai in the fourth quarter, said sources A listing could value the company at $1.2 billion, and the company aims to file a prospectus for the share sale by August.
Beacon Trusteeship IPO booked 65 times on Day 2; Z-tech India's issue subscribed 8x
Beacon Trusteeship's IPO garners strong investor interest, garnering 66 times bids on the second day of bidding. The company plans to raise funds for technology infrastructure, subsidiary investment, and other corporate purposes.
Go Digit IPO sails through on Day 3. Check GMP and other details
Go Digit General Insurance IPO saw oversubscription and strong retail investor interest. Backed by celebrity investors, the company plans to enhance capital with the IPO proceeds, focusing on growth and empowering distribution partners.
TBO Tek sees robust listing. What should investors do now?
TBO Tek strong listing can be attributed to the unwavering investor confidence in the company’s solid technological foundation and its potential for continued growth in the online travel sector.
JNK India’s listing trumps Street expectations. Is this stock a long-term play?
JNK India's listing exceeded expectations with a remarkable debut. Analysts anticipate potential volatility post-initial surge but affirm strong fundamentals and a positive outlook, indicating long-term promise.
JNK India shares debut at 50% premium over issue price
JNK India made a strong market debut on NSE and BSE with significant premiums. Specializing in heating equipment for oil & gas sectors, it aims for substantial growth supported by a robust order book.
JNK India shares to debut today. What GMP signals ahead of listing
JNK India has capabilities in thermal designing, engineering, manufacturing, supplying, installing, and commissioning process-fired heaters, reformers, and cracking furnaces.
JNK India IPO allotment: Check status, listing date, GMP and other details
JNK India IPO share allotment details available on BSE/registrar website. Shares trade at Rs 85 premium. IPO price 451, 20% gain. Valuation at P/E 49.38x, EV/EBITDA 33.13x, market cap Rs 2,308 crore. Expertise in thermal designing, 27% market share, FY23 revenue Rs 407 crore."
IPO calendar: 3 issues, 4 listings to grab investors' attention next week
However, 3 SME issues and 4 listings are still going to grab investors' attention. The public offer of JNK India, which received a healthy subscription of over 28 times, will also see its shares listed at the bourses.
JNK India IPO subscribed over 28 times on final day. Check subscription, GMP and other details
The IPO comprised fresh equity of up to Rs 300 crore and an offer for sale of up to Rs 84.2 lakh worth shares. Under the OFS, Goutam Rampelli, Dipak Kacharulal, JNK Heaters, Mascot Capital and Marketing, and Milind Doshi will offload shares.
JNK India IPO sails through on Day 2. Check subscription, GMP and other details
JNK India IPO: The offer reserves 50% for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors. The net proceeds will be allocated towards fulfilling working capital needs and other general corporate purposes.
Niche focus, robust orders make JNK India a better long-term bet
The company’s order book has grown six-fold in the past three fiscal years. The company's order bid size has consistently expanded, which has helped in winning large orders.
JNK India IPO sees steady response so far on Day 1. Check subscription, GMP and other details
JNK India received steady response so far on first day. The category reserved for institutional investors was booked the most at 67%, followed by retail investors at 34% and non-institutional investors at 9%.
JNK India IPO opens for subscription. Should you bid?
JNK India IPO GMP, Price Band: JNK India IPO to open for Rs 650 crore with fresh equity and offer for sale. Reserved quotas. Anand Rathi advises subscription. Market cap post issue, price band set. Proceeds for working capital.
IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week
Next week's primary market features the mainboard IPO of JNK India and three SME public offers. Despite a slow start to the fiscal year, analysts are optimistic about upcoming public issues, citing increased domestic capital, improved governance, Indian entrepreneurship, and supportive government policies. Additionally, four listings are anticipated, including Greenhitech Ventures, Grill Splendour Services, Ramdevbaba Solvent, and Faalcon Concepts.
JNK India announces price band for its IPO. Check details
The issue closes on April 25 and the anchor investors' allocation will be done on April 22. Investors can bid for a minimum of 36 shares in one lot and in multiples thereafter.
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