The initial public offering of Jinkushal Industries has been subscribed nearly 4 times on Day 2 (September 26) so far. The IPO continues to see strong interest from retail and Non Institutional Investors (NII).

The maiden public issue of the company received bids for more than 2.46 crore shares, as against the offer size of 67 lakh shares, according to data on NSE at around 12.30 pm. Retail investors have subscribed their reserved portion more than 5 times (535 percent), while NII booked their allocated quota over 4 times (459 percent). Qualified Institutional Buyers (QIB) have booked 3 percent of their reserved portion.

Jinkushal Industries IPO GMP:

Ahead of listing, the unlisted shares of the company were trading with more than 17 percent grey market premium (GMP) over the IPO price

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