The Maharashtra-based company raised Rs 194.84 crore through its anchor book.
JNK India’s stock made an excellent debut on the market today. Opening at ₹621 per share on the NSE, it marked a significant 49.63% increase from its issue price of ₹415. Similarly, on the BSE, the stock began trading at ₹620 per share. The bullish trend continued post listing, with the stock reaching a peak of ₹709.80 per share, a notable 14.30% surge from its listing price.
Retail investors who were allotted shares witnessed their investments grow by nearly 50% in a day. Market experts recommend holding onto the stock long-term, citing the company’s robust fundamentals.
About JNK India
The company specialises in manufacturing “heating equipment,” encompassing a range of products such as process-fueled heaters, cracking furnaces, and reformers. These play a crucial role in various process industries, including refineries for oil and gas, fertilisers, and petrochemicals. Their offerings extend to comprehensive services covering design, engineering, manufacturing, supply, installation, and commissioning of heating equipment, catering to both domestic and international markets.
