JNK India Limited IPO Price: ₹395 to ₹415
IPO Date Range: Apr 23, 2024 - Apr 25, 2024
JNK India Limited, established in 2010, specializes in designing, manufacturing, supplying, installing, and commissioning process-fired heaters, reformers, and cracking furnaces. The company has executed projects across various states in India, including Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal. Additionally, it has successfully implemented projects internationally in countries such as Nigeria and Mexico. As of March 31, 2023, JNK India has catered to over 17 clients in India and served seven clients overseas, including prominent names like Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited, and Numaligarh Refinery Limited.
JNK India Limited offers comprehensive services in designing, manufacturing, supplying, installing, and commissioning process-fired heaters, reformers, and cracking furnaces. With a focus on meeting customer requirements and adhering to applicable standards, the company caters to domestic and international clients. JNK India's projects span various states in India, including Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal. Additionally, the company has successfully executed projects in global locations such as Nigeria and Mexico.
JNK India Limited has established a robust domestic and international network and presence. The company has completed projects across multiple states in India, including Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal. Moreover, JNK India has successfully executed projects in global locations such as Nigeria and Mexico. The company's wide distribution and service network ensures efficient delivery and support for its clients.
| IPO Date | Apr 23, 2024 - Apr 25, 2024 |
| Listing Date | Friday, April 30, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹395 to ₹415 per share |
| Lot Size | 36 Shares |
| Total Issue Size | 16,015,988 shares(aggregating up to ₹649.47 Cr) |
| Offer For Sale | 8,421,052 shares of ₹2 (aggregating up to ₹349.47 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 48,392,000 |
| Share holding post issue | 55,986,936 |
Bidders have the opportunity to bid for a minimum of 26 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹14,940 |
| Retail (Max) | 13 | 468 | ₹1,94,220 |
| S-HNI (Min) | 14 | 504 | ₹2,09,160 |
| S-HNI (Max) | 66 | 2376 | ₹9,86,040 |
| B-HNI (Min) | 67 | 2412 | ₹1,000,980 |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| IPO Open Date | Tuesday, April 23, 2024 |
| IPO Close Date | Thursday, April 25, 2024 |
| Basis of Allotment | Friday, April 26, 2024 |
| Initiation of Refunds | Monday, April 29, 2024 |
| Credit of Shares to Demat | Monday, April 29, 2024 |
| Listing Date | Tuesday, April 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 25, 2024 |
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Between the financial years ending on March 31, 2023, and March 31, 2022, JNK India Limited witnessed a notable surge in revenue, marking a substantial increase of 38.5%. Additionally, the company's profit after tax (PAT) experienced a significant rise of 28.84% during the same period.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 31 Dec 2023 |
|---|---|---|---|---|
| Assets | 125.12 | 268.32 | 337.78 | 453.39 |
| Revenue | 138.45 | 297.14 | 411.55 | 256.76 |
| Profit After Tax | 16.48 | 35.98 | 46.36 | 46.21 |
| Net Worth | 36.82 | 72.18 | 122.17 | 168.56 |
| Reserves & Surplus | 36.22 | 62.58 | 112.57 | 158.88 |
| Total Borrowing | 8.95 | 5.99 | 33.76 | 56.73 |
| KPI | Values |
|---|---|
| Market Cap (Rs Cr) | 2308.27 Cr. |
| P/E (x) | 43.32 |
| Debt/ Equity | 0.34 |
| EPS | 9.58 |
| RoNW | 31.79% |
The objectives of the Offer are:
Prospectus: Official documents that provide detailed information about the IPO and the company.JNK India IPO DRHP , JNK India IPO RHP
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the JNK India Limited IPO is ₹395 to ₹415 per share.
The JNK India Limited IPO is expected to be listed on Friday, 30 April 2024.
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