JNK India IPO listing date today. Here's what GMP, subscription status suggest about share debut

livemint.com:

Also Read: JNK India IPO to debut on the bourses tomorrow; here's what GMP indicates ahead of listing According to Arun Kejriwal, the founder of Kejriwal Research and Investment Services, JNK India share price is likely to list within the range of ₹500 to 520. A robust listing with a 22–25% premium over the issue price of ₹415 per share is possible, according to Prashanth Tapse, Research Analyst and Senior Vice President of Research at Mehta Equities, given the favourable secondary market environment and robust subscription demand on the final day of the issue.

According to Tapse, the listing is warranted because of its impressive track record spanning more than ten years and its leadership in a specialised market for heating equipment, which completes the value chain in heaters, reformers, and crack furnaces. JNK India has also demonstrated its flexibility and willingness to seize new market possibilities by diversifying into waste gas treatment and renewable energy solutions.

Also Read: JNK India IPO: Here's what GMP, subscription status signals ahead of listing Given the positive outlook for the oil and gas and hydrogen industries in India, in addition to JNK India's established track record of financial stability, illustrious clientele, and ambitious expansion goals, the firm is well-positioned for significant growth. It is thus recommended by Tapse, taking into account all of these factors and the current state of the market, that conservative investors book gains, while risk-taking investors can "hold" JNK India for the long term.