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.
With the help of JNK Global, one of its promoters, JNK India has diversified products for various industries which could help it maintain a consistent order inflow, say brokerages
JNK India IPO includes a fresh issue of 76 lakh shares worth Rs 300 crore along with an offer-for-sale (OFS) of 84 lakh shares valued at Rs 349.47 crore.