JNK India IPO: Here's what GMP, subscription status signals ahead of listing
JNK India IPO: Issue subscribed 28.13 times on the last day of bidding process led by QIBs, NIIs. Check GMP The grey market premium (GMP) for the JNK India IPO is +117, suggesting that JNK India shares are trading at a premium of ₹117 in the unofficial market, as reported by investorgain.com.
Considering the upper end of the IPO pricing range along with the existing grey market premium, it is anticipated that JNK India shares will debut at ₹532 per share, representing an increase of 28.19% over the IPO price of ₹415. Today's GMP for the IPO indicates a higher premium and predicts a robust listing, based on the grey market activity observed over the past ten sessions.
Analysts at investorgain.com estimate that the GMP ranges from a minimum of ₹0 to a maximum of ₹117. 'Grey market premium' indicates investors' readiness to pay more than the issue price.
Also read: JNK India IPO allotment finalised on April 26; latest GMP, 6 steps to check status Brokerage firm Reliance Securities said that it expects that the the order book to see improvement with new businesses and improved prospects for the oil-gas and fertilizer sectors, while recommeding ‘subscribe’ to the issue. “JNK has evolved as one of the key players to capitalize on the upcoming demand of Heating Equipment completing the value chain in Heaters, Reformers and Cracking Furnace over the past few years.
The geographical expansion with focus on high growth markets to capitalize on the industry tailwinds worldwide as there are a total of 53 refineries expected to be commissioned in 21 countries by CY30 as per F&S report and heating equipment accounts for 3.3% of the total capex estimated at $ 186 bn. We expect the order book is expected to see improvement with new
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