JNK India IPO fully subscribed on Day-2
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New Delhi: The initial public offer of heating equipment maker JNK India got fully subscribed on the second day of subscription on Wednesday. The Rs650 crore initial share sale received bids for 1,14,14,556 shares against 1,10,83,278 shares on offer, translating into 1.03 times subscription, as per NSE data.
The portion for non institutional investors got subscribed 1.25 times, while the category for Retail Individual Investors (RIIs) received 1.13 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 68 per cent.
The Initial Public Offer (IPO) of JNK India received 49 per cent subscription on the first day of bidding on Tuesday. The IPO has a fresh issue of up to Rs 300 crore and an offer for sale of up to 84,21,052 equity shares.
