The lender has set the floor price for the issue at Rs 112.66 per share, reflecting a discount of 10% from the company s previous closing price of Rs 125.1 on the BSE.
The J&K Bank QIP opened on December 11, with the J&K Bank approving the floor price of the QIP at Rs 112.66 per share. The lender said it would, at its discretion, offer a discount of not more than 5 per cent on the floor price.
Following the announcement, shares of rate-sensitive sectors like banking, financial services, automobile and real estate posted strong gains after the announcements.