Jinkushal Industries made its debut on the stock exchanges today. The shares of the company was listed at a premium of 3% over the IPO price. The stock will now trade on both the NSE and BSE .
Let’s take a look at the key highlights of this IPO –
Jinkushal Industries IPO: Subscription recap
The IPO was open for bidding between September 25 to 29. Overall, the offer was subscribed 65.10 times according to NSE data.
Breaking it down, non-institutional investors led the demand with subscriptions reaching 146.39 times, while the retail quota was taken up 47 times. Qualified institutional category was subscribed 35 times.
Jinkushal Industries IPO: Allotment details
The allotment of shares was finalised on September 30. By October 1, successful bidders had their shares credited to d