JNK India is scheduled to hit the market on April 23, 2024 and close on April 25, 2024. JNK India plans to raise around ₹649.47 Cr through an IPO with a sale of up to 16,015,988 equity shares of ₹2 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
JNK India Limited, established in 2010, specializes in designing, manufacturing, supplying, installing, and commissioning process-fired heaters, reformers, and cracking furnaces. The company has successfully executed projects across various states in India such as Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal. Additionally, they have undertaken projects on a global scale, including ventures in Nigeria and Mexico. With a diverse clientele base, the company has catered to over 17 clients within India, which includes prominent names like Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited, and Numaligarh Refinery Limited.
At JNK India Limited, all products are custom-manufactured to meet customer specifications and comply with relevant industry standards. Manufacturing operations are carried out at their in-house facilities and through third-party vendors. One of their manufacturing units is situated in the Multi-Product Special Economic Zone in Mundra, Gujarat. This facility, spanning approximately 20,243 square meters, focuses exclusively on export production with an annual manufacturing and modularization capacity of 5,000 metric tonnes. As of March 31, 2023, the company boasted a workforce of 192 permanent employees dedicated to delivering high-quality products and services to their clientele.
JNK India IPO Details
JNK India IPO opens on April 23, 2024, and closes on April 25, 2024. The Listing date for JNK India IPO is on April 30, 2024. The price band for IPO is ₹395 to ₹415 per share and lot size of 36 Shares.
| IPO Date | April 23, 2024 to April 25, 2024 |
| Listing Date | April 30, 2024 |
| Price | ₹395 to ₹415 per share |
| Lot Size | 36 Shares |
| Issue Size | ₹649.47 Cr |
| Face Value | ₹2 per share |
JNK India IPO Tentative Timetable
JNK India opening date is April 23, 2024 and close date is April 25, 2024. The IPO allotment date is April 26, 2024. The refund initiation of IPO is on April 29, 2024. The credit of shares in demat account is on April 29, 2024. The listing date is on April 30, 2024.
| Event | Date |
|---|---|
| IPO Opening | April 23, 2024 |
| IPO Closing | April 25, 2024 |
| IPO Allotment Date | April 26, 2024 |
| Refund Initiation | April 29, 2024 |
| Shares Credit to Demat | April 29, 2024 |
| Lisiting Date | April 30, 2024 |
JNK India IPO Lot Size
Lot Size of this IPO is 36 shares. A retail-individual investor can apply for up to 13 lots (468 shares or ₹194,220).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 36 | ₹14,940 |
| Retail(Maximum) | 13 | 468 | ₹194,220 |
| S-HNI (Minimum) | 14 | 504 | ₹209,160 |
| B-HNI (Minimum) | 67 | 2,412 | ₹1,000,980 |
JNK India IPO Promoter Holding
| Pre Issue Share Holding | 94.56% |
| Post Issue Share Holding |
JNK India IPO Review
JNK India Limited's recent IPO showcases a promising venture for investors looking to capitalize on a company with a strong growth trajectory. The financial performance indicators paint a positive picture, with significant increases in revenue and profit after tax. The company's focus on customer-centric manufacturing processes, backed by in-house facilities and strategic vendor partnerships, bodes well for its future prospects.
Key performance metrics such as Return on Equity (ROE) and Return on Capital Employed (ROCE) stand out at impressive levels, indicating efficient utilization of resources. The Debt/Equity ratio of 0.34 reflects a healthy balance sheet structure, instilling confidence in the company's financial stability. Moreover, the Post-IPO earnings per share (EPS) and Price-to-Earnings (P/E) ratio demonstrate an upward trend, reflecting positively on investor sentiment towards JNK India Limited.
Investors keen on participating in this IPO should consider the company's objectives for utilizing the proceeds, primarily focusing on working capital requirements and general corporate purposes. With a market capitalization of Rs 2308.27 Cr., JNK India Limited presents an opportunity for investors to be part of a growing organization with a clear vision for sustainable growth. Overall, the IPO review suggests a compelling investment opportunity backed by strong financial performance and strategic objectives set forth by the company.
JNK India IPO Subscription Status (Bidding Details)
Table not foundJNK India IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
JNK India IPO FAQs
What is JNK India IPO?
JNK India is issuing 16,015,988 equity shares with a face value of ₹2 each, totaling up to ₹649.47 Cr. The shares are being offered at a price of ₹395 to ₹415 each, with a minimum order quantity of 36 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When JNK India IPO will open?
JNK India will open on April 23, 2024 for QIB, NII, and Retail Investors.
When JNK India IPO will end?
JNK India will end on April 25, 2024.
What is JNK India IPO Size?
JNK India IPO size is ₹649.47 Cr.
What is JNK India IPO Price Band?
JNK India price band is ₹395 to ₹415 per share.
What is the JNK India IPO Allotment Date?
JNK India allotment date is April 26, 2024.
What is the JNK India IPO Listing Date?
JNK India listing date is April 30, 2024. The IPO is to be listed on BSE and NSE.
How to JNK India IPO through Zerodha?
To apply for the IPO “JNK India” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply JNK India IPO through Upstox?
To apply for the IPO “JNK India” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check JNK India IPO Allotment Status?
For JNK India IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is JNK India IPO GMP?
You can check out here: JNK India IPO GMP