<p>New Delhi: Shares of heating equipment maker JNK India on Tuesday listed with a huge premium of nearly 50 per cent against the issue price of Rs 415.</p>.<p>The stock listed at Rs 620, up 49.39 per cent from the issue price on the BSE. Later, it zoomed 71 per cent to Rs 709.85.</p>.<p>On the NSE, it started the trade at Rs 621, rallying 49.63 per cent.</p>.<p>The company's market valuation stood at Rs 3,732.16 crore.</p>.<p>The initial public offer of JNK India received 28.07 times subscription on the closing day of bidding on Thursday.</p>.<p>The Rs 650 crore initial share sale had a price range of Rs 395-415 a share.</p>.<p>JNK India is engaged in the business of thermal designing, engineering, manufacturing, supplying, installing, and commissioning heating equipment and caters to both domestic and overseas markets.</p>.<p>The heating equipment is required in industries such as oil and gas refineries, petrochemicals, fertilisers, and hydrogen and methanol plants, among others.</p>
<p>New Delhi: Shares of heating equipment maker JNK India on Tuesday listed with a huge premium of nearly 50 per cent against the issue price of Rs 415.</p>.<p>The stock listed at Rs 620, up 49.39 per cent from the issue price on the BSE. Later, it zoomed 71 per cent to Rs 709.85.</p>.<p>On the NSE, it started the trade at Rs 621, rallying 49.63 per cent.</p>.<p>The company's market valuation stood at Rs 3,732.16 crore.</p>.<p>The initial public offer of JNK India received 28.07 times subscription on the closing day of bidding on Thursday.</p>.<p>The Rs 650 crore initial share sale had a price range of Rs 395-415 a share.</p>.<p>JNK India is engaged in the business of thermal designing, engineering, manufacturing, supplying, installing, and commissioning heating equipment and caters to both domestic and overseas markets.</p>.<p>The heating equipment is required in industries such as oil and gas refineries, petrochemicals, fertilisers, and hydrogen and methanol plants, among others.</p>