JNK India is looking to raise Rs 649.47 crore through the IPO, a fresh issue of shares worth Rs 300 crore and an offer for sale of 84.21 lakh shares worth Rs 349.47 crore
JNK India IPO GMP, Price Band: JNK India IPO to open for Rs 650 crore with fresh equity and offer for sale. Reserved quotas. Anand Rathi advises subscription. Market cap post issue, price band set. Proceeds for working capital.
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.