India's Jinkushal Industries drops to exchange-allowed maximum in trading debut
03/10/2025 10:43
** Shares of Jinkushal Industries JINK.NS drop to exchange-allowed maximum of 118.75 rupees in trading debut ** Stock down 1.9% from IPO price of 121 rupees; it had opened at 125 rupees ** Co's 1.16-bln-rupee IPO, which comprised issue of fresh shares and sale of shares by existing shareholders, was subscribed 65.1x ** Trading vols at 2.9 mln shares so far ** Proceeds from IPO to be used to fund long-term incremental working capital requirement and general corporate purposes (Reporting by Vijay Malkar) ((VijayDattaram.Malkar@thomsonreuters.com;))