JNK India IPO GMP, Price, Date, Allotment

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Last updated on May 2, 2024

JNK India IPO GMP

JNK India IPO Description – 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.

JNK India

Promoters of JNK India – Mascot Capital and Marketing Private Limited, JNK Global Co. Ltd (Formerly Known as JNK Heaters Co. Ltd), Arvind Kamath, Goutam Rampelli, and Dipak Kacharulal Bharuka


JNK India IPO Details

JNK India IPO Dates23 – 25 April 2024
JNK India Issue PriceINR 395 – 415 per share
Fresh issue7,228,915 shares (INR 285.54 – 300 crore)
Offer For Sale8,421,052 shares (INR 332.63 – 349.47 crore)
Total IPO size15,649,967 shares (INR 618.17 – 649.47 crore)
Minimum bid (lot size)36 shares (INR 14,940)
Face Value INR 2 per share
Retail Allocation35%
Listing OnBSE, NSE

JNK India Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Revenue137.72296.40407.30253.39
Expenses115.65249.31348.83196.07
Net income16.4835.9846.3646.21
Margin (%)11.9712.1411.3818.24
Figures in INR Crores unless specified otherwise

JNK India Offer News


JNK India Valuations & Margins

FY 2021FY 2022FY 2023
EPS3.437.509.51
PE ratio41.54 – 43.64
RONW (%)56.9666.0347.71
NAV7.6715.0425.45
ROCE (%)71.9083.2557.17
EBITDA (%)18.8918.4118.05
Debt/Equity0.320.210.36
*Compiled by IPO Central from Prospectus

JNK India IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
29 April 2024105800
27 April 202495800
26 April 2024651,700
25 April 202425600
24 April 202425600
23 April 202420

JNK India Issue Objectives

The company proposes to utilize the Net Proceeds towards funding the following objects:

  • Funding working capital requirements – INR 275.72 crore
  • General corporate purposes

JNK India IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered3,075,283948,947,6052,214,210,4203,166,233,308
25 Apr 202475.7223.183.9628.04
24 Apr 20240.681.251.131.03
23 Apr 20240.670.250.480.49

JNK India – Comparison With Listed Peers

CompanyPE ratioEPSRONW (%)NAVRevenue (Cr.)
JNK India9.5147.7125.45407.30
Thermax112.939.9812.24343.678,089.81
Bharat Heavy Electricals186.021.371.7977.0523,364.94

JNK India IPO Allotment Status

JNK India IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.


JNK India IPO Dates & Listing Performance

JNK India IPO Opening Date23 April 2024
JNK India IPO Closing Date25 April 2024
Finalization of Basis of Allotment26 April 2024
Initiation of refunds29 April 2024
Transfer of shares to demat accounts29 April 2024
JNK India IPO Listing Date30 April 2024
Opening Price on NSEINR 621 per share (up 49.64%)
Closing Price on NSEINR 694.55 per share (up 67.36%)

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JNK India Offer Lead Manager

ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email[email protected]
Website: www.icicisecurities.com


JNK India Offer 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: [email protected]
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: [email protected]
Website: www.jnkindia.com


JNK IPO FAQs

How many shares in JNK India IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply for JNK India Public Offer?

The best way to apply for JNK India’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is JNK India IPO GMP today?

JNK India IPO GMP today is INR 105 per share.

What is JNK India’s kostak rate today?

JNK India’s kostak rate today is INR NA per application.

What is JNK India Subject to Sauda rate today?

JNK India Subject to Sauda rate today is INR 800 per application.

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