JNK India IPO gets 49% subscription

New Delhi: The initial public offer of heating equipment maker JNK India received 49 per cent subscription on the first day of bidding on Tuesday. The initial share sale received bids for 53,86,212 shares against 1,10,83,278 shares on offer, as per data available with the NSE.

The quota for Qualified Institutional Buyers (QIBs) got subscribed 67 per cent while the portion for Retail Individual Investors (RIIs) received 48 per cent subscription. The non institutional investors part fetched 25 per cent subscription.