JNK India IPO will open for subscription from 23 April 2024. The company aims for an issue size of ₹649.47 Cr through this IPO.
Company Overview
| Full name | JNK India Limited |
| Sector | Capital Goods |
| Industry | Engineering – Industrial Equipment |
| Company Website | https://www.jnkindia.com/ |
About Company
JNK India stands as a prominent heating equipment company in India. The company specializes in thermal designing, engineering, manufacturing, supplying, installing, and commissioning process-fired heaters, reformers, and cracking furnaces. JNK India has successfully executed projects in various states and is currently engaged in ongoing projects in Gujarat, Odisha, Haryana, and Rajasthan within India, and globally in Oman, Algeria, and Lithuania.
As of 31 December 2023, the company has provided services to 21 customers within India and eight customers internationally. Among its domestic clientele are notable names such as Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited, and Numaligarh Refinery Limited.
As of 31 December 2023, JNK India employed a total of 235 permanent staff. Among them, 77 were assigned to the engineering department, 79 to the projects control department, and 20 to the quality assurance, quality control, and safety department, among others. For the fiscal years 2021 to 2023, the revenue from operations, EBITDA, and profit after tax exhibited robust growth at a CAGR of 71.97%, 68.09%, and 67.75%, respectively.
The Objectives of the Issue
- Working capital requirements,
- General corporate purposes.
JNK India IPO Timetable
| IPO Opening date | 23 April 2024 |
| IPO Closing | 25 April 2024 |
| Basis of Allotment | 26 April 2024 |
| Initiation Refund | 29 April 2024 |
| Credit to Demat Account | 29 April 2024 |
| Listing Date | 30 April 2024 |
JNK India IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹649.47 Cr – 16,015,988 shares |
| Fresh Issue | ₹300 Cr – 7,594,936 shares |
| Offer for sale | ₹349.47 Cr – 8,421,052 shares |
| Face value | ₹02 per share |
| Price Band | ₹395 to ₹415 per share |
| Lot size | 36 Shares |
| Shareholding pre-issue | 48,392,000 |
| Shareholding post-issue | 55,986,936 |
| Listing Exchange | BSE & NSE |
JNK India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹14,940 |
| Retail (Max) | 13 | 468 | ₹194,220 |
| S-HNI (Min) | 14 | 504 | ₹209,160 |
| S-HNI (Max) | 66 | 2,376 | ₹986,040 |
| B-HNI (Min) | 67 | 2,412 | ₹1,000,980 |
JNK India IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
JNK India Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 137.72 | 296.40 | 407.30 | 253.39 |
| Expenses | 115.65 | 249.31 | 348.83 | 196.07 |
| Net income | 16.48 | 35.98 | 46.36 | 46.21 |
| Margin (%) | 11.97 | 12.14 | 11.38 | 18.24 |
JNK India Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.43 | 7.50 | 9.51 |
| PE ratio | – | – | 41.54 – 43.64 |
| RONW (%) | 56.96 | 66.03 | 47.71 |
| NAV | 7.67 | 15.04 | 25.45 |
| ROCE (%) | 71.90 | 83.25 | 57.17 |
| EBITDA (%) | 18.89 | 18.41 | 18.05 |
| Debt/Equity | 0.32 | 0.21 | 0.36 |
Company Promoters
- Mascot Capital and Marketing Pvt. Ltd.
- JNK Heaters Co. Ltd, Arvind Kamath
- Gaoutam Rampelli
- Dipak Kacharulal Bharuka
Promoter Holding
| Pre Issue Share Holding | 94.56% |
| Post Issue Share Holding |
JNK India IPO Lead Manager(s)
- IIFLSecurities Ltd
- ICICI Securities Limited
JNK India Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: jnkindia.ipo@linkintime.co.in
Website: www.linkintime.co.in
JNK India Contact Details
JNK INDIA LIMITED
Unit No. 203, 204, 205 & 206, Opposite TMC Office
Centrum IT Park, Near Satkar Hotel,
Thane -West, Thane 400 604, Maharashtra
Phone: +91 22 6885 8000
Email: compliance@jnkindia.com
Website: www.jnkindia.com
JNK India IPO Allotment Status
JNK India IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Final thoughts
JNK India IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
