JNK India Ltd

JNK India Ltd’s IPO Funds Utilization Update 📊

- IPO fresh issuance size: ₹3,000.00M, net proceeds adjusted to ₹2,821.84M due to lower issue expenses.

- Working capital utilization: ₹2,622.55M spent (₹28.80M remaining).

- General corporate purposes: ₹170.00M fully utilized (₹0.49M remaining).

- Unutilized funds (₹29.29M) invested in fixed deposits (SBI/HDFC/ICICI) at up to 6.95% return.

- No deviations from IPO objectives or offer document.

- No delays in project implementation or material discrepancies vs. prior reports.