JNK India IPO Details: JNK India’s highly anticipated IPO is set to debut on April 23rd, with the subscription period running until April 25th. The company aims to raise approximately ₹649.50 crores through this offering, consisting of a fresh issue of ₹300 crores and an offer for sale of up to 8,421,052 equity shares valued at ₹2 each. Notably, the allocation for retail investors stands at 35%, while Qualified Institutional Buyers (QIBs) have a 50% allotment, and High Net Worth Individuals (HNIs) have a 15% share.
JNK India stands out as a leading player in the Indian Heating Equipment sector, boasting impressive new order bookings from Fiscal 2021 to Fiscal 2023. The company specializes in thermal design, engineering, manufacturing, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces. These equipments, crucial in industries such as oil and gas refineries, petrochemicals, and fertilizers, directly heat fluids or gases by utilizing fuel sources like natural gas or propane.
The company commands a significant market share, approximately 27%, in India’s Heating Equipment market based on new order bookings in Fiscal 2023. Its expertise extends beyond the domestic market, with completed projects across various states in India including Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal. Globally, JNK India has successfully executed projects in Nigeria and Mexico, while ongoing ventures span Gujarat, Odisha, Haryana, and Rajasthan in India, along with international projects in Oman, Algeria, and Lithuania.
JNK India’s portfolio encompasses diverse projects, including those in remote locations like Numaligarh, Assam; Kochi, Kerala; and Barauni, Bihar in India, and Lagos, Nigeria, overseas. With a proven track record of delivering quality and reliability, JNK India is poised to leverage its IPO proceeds to further enhance its offerings and expand its footprint in both domestic and international markets.
JNK India IPO Objectives:
The company intends to use the net proceeds from the issue to finance the following objects:
- Working capital requirements; and
- General corporate purposes.
JNK India IPO Review (Apply or Not)
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JNK India IPO Date & Price Band Details:
| IPO Open: | 23-April-2024 |
| IPO Close: | 25-April-2024 |
| IPO Size: | Approx ₹649.5 Crores |
| Fresh Issue: | Approx ₹300 Crores |
| Offer for Sale: | Approx 8,421,052 equity shares |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹395 to ₹415 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
JNK India IPO Lot Size:
For the JNK India IPO, the minimum market lot is set at 36 shares, requiring an application amount of ₹14,940. Retail investors have the opportunity to apply for up to 13 lots, amounting to 468 shares or ₹194,220. This structure ensures accessibility for investors of varying capacities, allowing them to participate in the IPO according to their preferences and investment strategies.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 36 | ₹14,940 |
| Retail Maximum | 13 | 468 | ₹194,220 |
| S-HNI Minimum | 14 | 504 | ₹209,160 |
| B-HNI Minimum | 68 | 2,412 | ₹10,00,980 |
JNK India IPO Timeline:
The JNK India IPO is scheduled to open on April 23 and will conclude on April 25. Following this, the IPO allotment process will be finalized on April 26, with the anticipated listing date set for April 30. This timeline provides investors with clear expectations regarding the key milestones of the IPO journey, allowing them to plan their investment strategies accordingly.
| IPO Open Date: | April 23, 2024 |
| IPO Close Date: | April 25, 2024 |
| Basis of Allotment: | April 26, 2024 |
| Refunds: | April 29, 2024 |
| Credit to Demat Account: | April 29, 2024 |
| IPO Listing Date: | April 30, 2024 |
JNK India IPO GMP Today:
As per data from investorgain.com, the Grey Market Premium (GMP) for the JNK India IPO stands at +25, indicating that the shares are trading at a premium of ₹25 in the unofficial grey market.
Considering the upper end of the IPO pricing range and the current premium observed in the grey market, market observers anticipate that JNK India shares will debut on the stock exchange at around ₹440 per share. This projected listing price represents a 6.02% increase over the IPO price of ₹415.
Today’s GMP reflects a bullish sentiment, suggesting a strong listing performance based on the consistent activity observed in the grey market over the past eight sessions. Analysts at investorgain.com have noted a GMP range spanning from ₹0 to ₹25, underscoring the varying expectations within the market regarding the IPO’s potential listing price.
JNK India Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹138.45 | ₹115.65 | ₹16.48 |
| 2022 | ₹297.13 | ₹249.31 | ₹35.98 |
| 2023 | ₹411.55 | ₹348.83 | ₹46.36 |
| Dec 2023 | ₹256.76 | ₹196.07 | ₹46.21 |
JNK India IPO Valuation – FY2023
Check JNK India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹9.66 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 47.71% |
| Net Asset Value (NAV): | ₹25.45 per Equity Share |
Peer Group
- Thermax Limited
- Bharat Heavy Electricals Limited*
Company Promoters
- Mascot Capital and Marketing Pvt. Ltd
- JNK Heaters Co. Ltd
- Arvind Kamath
- Gaoutam Rampelli
- Dipak Kacharulal Bharuka
JNK India IPO Registrar
Link Intime India Private Ltd
Telephone: +91 810 811 4949
Email: jnkindia.ipo@linkintime.co.in
Website: https://linkintime.co.in/
JNK India IPO Allotment Status Check
Check JNK India IPO allotment status on Linkintime website allotment URL. Click Here
JNK India IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Iifl Securities Ltd
Company Address
JNK India Limited
Unit No. 203, 204, 205 & 206,
Opposite TMC Office Centrum IT Park,
Satkar Hotel, Thane-West, Thane – 400604
Phone: +91-22 6885 8000
Email: compliance@jnkindia.com
Website: http://www.jnkindia.com/
