JNK India IPO Listing LIVE Updates: Bumper Debut! Stock lists at 50% premium over IPO price - Check Anil Singhvi's View

JNK India IPO Listing LIVE Updates, JNK India Share Price NSE, BSE: Post listing views on JNK India 

According to Tarun Singh, MD, Highbrow Securities, companies focused on creating and nurturing their value are bound to achieve premium listings due to their strategic presentation at appealing valuations to unsuspecting investors, providing plenty for them to anticipate and trust in. 

"I believe the IPO of JNK India Ltd. stood out because it not only had the financials to demonstrate its value but also made the strategic decision to set its valuation lower than the benchmarks of its listed competitors. This approach led to a superior valuation that was more appealing for investors to endorse," he said.

JNK India IPO Listing LIVE Updates, JNK India Share Price NSE, BSE: Strong Debut

Shares of JNK India make a strong debut on bourses and listed at around 50 per cent premium to the IPO price

JNK India IPO Listing LIVE Updates, JNK India Share Price NSE, BSE: Price settles at a premium of 49.464% to issue price in the pre-open market

In the pre-opening session, JNK India shares settled at Rs 621 on the NSE, a premium of 49.64 per cent to the issue price of Rs 415.

JNK India IPO Listing LIVE Updates, JNK India Share Price NSE, BSE: Price settles at a premium of 49.40% to issue price in the pre-open market

In the pre-opening session, JNK India shares settled at Rs 620 on the BSE, a premium of 49.40 per cent to the issue price of Rs 415.

JNK India IPO Listing LIVE Updates, JNK India Share Price NSE, BSE: Stop loss by Anil Singhvi 

According to Zee Business Managing Editor Anil Singhvi, short-term investors can keep the stop loss at Rs 480 and hold.

JNK India IPO Listing LIVE Updates, JNK India Share Price NSE, BSE: Anil Singhvi's View

According to Zee Business Managing Editor Anil Singhvi, the shares are expected to be listed in the Rs 515-530 range against the issue price of Rs 415.

JNK India IPO Listing LIVE Updates, JNK India Share Price NSE, BSE: What does the company do? 

JNK India is engaged in the business of thermal designing, engineering, manufacturing, supplying, installing, and commissioning heating equipment and caters to both domestic and overseas markets.

JNK India IPO Listing LIVE Updates, JNK India Share Price NSE, BSE: Proceeds to be used for funding working capital requirements

Proceeds from the fresh issue will be used for funding working capital requirements and general corporate purposes.

JNK India IPO Listing LIVE Updates, JNK India Share Price NSE, BSE: Price range of Rs 395-415

The IPO had a price range of Rs 395-415 a share.

JNK India IPO Listing LIVE Updates, JNK India Share Price NSE, BSE: Fresh issue of up to Rs 300 crore 

The Initial Public Offer (IPO) had a fresh issue of up to Rs 300 crore and an offer for sale of up to 84,21,052 equity shares.