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.
The JNK India IPO, which opened for trading on Tuesday, April 23, will close on Thursday, April 25. A portion of the IPO, approximately 15% of the shares, has been allocated for NII, up to 50% for QIB, and 35% reserved for retail investors.