The initial public offer of Jinkushal Industries Ltd received 2.29 times subscription on the first day of share sale on Thursday.

The three-day IPO got bids for 1,53,87,600 shares against 67,21,048 shares on offer, as per NSE data.

Jinkushal Industries IPO: Category-wise subscription

Retail Individual Investors (RIIs) portion received 3.28 times subscription, while the category for non-institutional investors got subscribed 3.01 times. The Qualified Institutional Buyers (QIBs) quota got 2 per cent subscription.

Jinkushal Industries Ltd on Wednesday said it has collected Rs 35 crore from anchor investors.

The company’s public issue will be available for public subscription till September 29 in a price band of Rs 115-121 per share.

The IPO comprises a fresh issue of 86.40 lakh s

See Full Page