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.
JNK India IPO includes a fresh issue of ₹300 crore and an offer-for-sale by promoters. The net proceeds will be used for general corporate objectives and working capital requirements. Book running lead managers are IIFL Securities Ltd. and ICICI Securities Limited.
Faalcon Concepts IPO share allotment is in focus on April 24. Investors can check the allotment status on Beetal Financial & Computer Services portal. Faalcon Concepts specialises in façade system design and the IPO subscription status was 71.28 times.
Emmforce Autotech IPO subscription opens with a price band of ₹93 to ₹98 per share. The firm raised ₹15.34 crore from anchor investors. The company specialises in drivetrain parts for 4WD and racing cars. Emmforce Autotech IPO GMP at +100 in the grey market.
Varyaa Creations IPO opened on April 22 and closes on April 25 with a price band of ₹150 per share. The company focuses on trading metals and stones while expanding into jewellery production. The IPO subscription status is 1.34 times on day 2.