IPO Calendar: JNK India, 3 other IPOs to keep primary market busy next week
IPO of JNK India, which opens for subscription on April 23. Apart from this, the SME segment will also see three public offers.
Despite a slow start to the new financial year, analysts are exceedingly optimistic about the public issues scheduled for the remainder of the year.
«This optimism is fueled by a confluence of factors, including the surge in domestic capital, enhanced governance practices, the vibrant spirit of Indian entrepreneurship, and favourable government policies bolstered by FDI support,» said Mahavir Lunawat, Managing Director, Pantomath Capital.
Apart from four new public offer launches, the Street will also see four listings of Greenhitech Ventures, Grill Splendour Services, Ramdevbaba Solvent and Faalcon Concepts.
Here's what's on IPO calendar next week
JNK India IPO
Heating equipment company JNK India's public offer will open on April 23 and close on April 25. The company has fixed a price band of Rs 395-415 per share. Investors can bid for a minimum of 36 shares in one lot and its multiples thereafter.
The post-issue implied market cap of the company will be around Rs 2,308 crore, at the upper price band
The IPO comprises fresh equity of up to Rs 300 crore and an offer for sale (OFS) of up to Rs 84.2 lakh worth of shares. Under the OFS, Goutam Rampelli, Dipak Kacharulal, JNK Heaters, Mascot Capital and Marketing, and Milind Doshi will offload shares.
About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional
