JNK India IPO GMP History
JNK India IPO has been listed on April 30, 2024 at a listing price of ₹621, against the issue price of ₹415 — a gain of ₹206 (+49.64%). The GMP peaked at ₹105 on 29 April 2024 and reached a low of ₹20 on 23 April 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
JNK India IPO raised ₹649.47 Cr. through its IPO at a price band of ₹395 to ₹415 per share, with a lot size of 36 shares. The IPO was open for subscription from 23 Apr 2024 to 25 Apr 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:38 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 29 Apr 2024 | ₹ 105 | ▲ | 25% | — | — |
| 27 Apr 2024 | ₹ 95 | ▲ | 23% | — | — |
| 26 Apr 2024 | ₹ 65 | ▲ | 16% | — | — |
| 25 Apr 2024 | ₹ 25 | — | 6% | — | — |
| 24 Apr 2024 | ₹ 25 | ▲ | 6% | — | — |
| 23 Apr 2024 | ₹ 20 | — | 5% | — | — |
JNK India IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 23 Apr 2024
- Close 25 Apr 2024
- Allotment 26 Apr 2024
- Refund/credit 29 Apr 2024
- Listing 30 Apr 2024
JNK India IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹415 |
|---|---|
| GMP-based estimate (pre-listing) | ₹520 (+25.3%) |
| Listing gain / loss | +₹206 per share |
| Listing date | 30 Apr, 2024 |
| Actual listing price | ₹621 (+49.64%) |
Is JNK India IPO GMP reliable?
Grey market premium for JNK India IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the JNK India IPO full review for a fundamentals-based assessment before making any grey market trades.
JNK India IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for JNK India IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About JNK India IPO
JNK India Limited was incorporated as JNK India Private Limited at Thane on 14 June 2010. It designs, makes, supplies, installs and commissions process fired heaters, reformers and cracking furnaces.
Its products are made to each customer's requirements for refineries, petrochemical, fertiliser and chemical plants. It has done projects in states such as Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu and West Bengal, and abroad in Nigeria and Mexico.
Its domestic clients include Indian Oil Corporation, Tata Projects, Rashtriya Chemicals & Fertilizers and Numaligarh Refinery. Its promoters include Mascot Capital and Marketing and JNK Global of Korea.
The IPO was Rs 649.47 crore, with Rs 300.00 crore of fresh issue and Rs 349.47 crore of offer for sale by promoters and another shareholder. Rs 262.69 crore was planned for working capital.
Frequently asked
What is the GMP of JNK India IPO?
The current Grey Market Premium (GMP) of JNK India IPO is ₹ 105.
What is the Kostak Price of JNK India IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for JNK India IPO is not available.
What is the Subject to Sauda Price of JNK India IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of JNK India IPO?
JNK India IPO listed on April 30, 2024 at ₹621, against the issue price of ₹415 — a gain of +49.64%.
How did the GMP of JNK India IPO trend before listing?
The GMP of JNK India IPO was rising in its final days before listing. The GMP peaked at ₹105 on 29 April 2024. View the day-wise table above for the complete GMP history.
Explore JNK India IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
