JNK India Ltd.

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JNK India, a heating equipment maker, saw its shares skyrocket over 67% on its stock market debut, with strong demand driving the impressive performance.

JNK India shares surged nearly 50% on their market debut, closing at Rs 620. The heating equipment maker's IPO was oversubscribed 28 times.

JNK India's IPO received 28.07 times subscription, with strong demand from QIBs and non-institutional investors. The IPO was priced at Rs 395-415 per share.

JNK India's IPO, a Rs 650 crore offer, was fully subscribed on Day 2. The issue received bids for 1.14 crore shares against 1.11 crore on offer.

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