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.
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
Table of Contents
JNK India IPO Details
| JNK India IPO Dates | 23 – 25 April 2024 |
| JNK India Issue Price | INR 395 – 415 per share |
| Fresh issue | 7,228,915 shares (INR 285.54 – 300 crore) |
| Offer For Sale | 8,421,052 shares (INR 332.63 – 349.47 crore) |
| Total IPO size | 15,649,967 shares (INR 618.17 – 649.47 crore) |
| Minimum bid (lot size) | 36 shares (INR 14,940) |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
JNK India Financial Performance
| Â | 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 Offer News
- JNK India IPO Ratings: Here is Why Analysts Are Positive Ratings
- JNK India RHP
- JNK India DRHP
- JNK India IPO DRHP Filed – Here is What You Need to Know
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Subscription Status
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 |
JNK India IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 29 April 2024 | 105 | – | 800 |
| 27 April 2024 | 95 | – | 800 |
| 26 April 2024 | 65 | – | 1,700 |
| 25 April 2024 | 25 | – | 600 |
| 24 April 2024 | 25 | – | 600 |
| 23 April 2024 | 20 | – | – |
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
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 3,075,283 | 948,947,605 | 2,214,210,420 | 3,166,233,308 |
| 25 Apr 2024 | 75.72 | 23.18 | 3.96 | 28.04 |
| 24 Apr 2024 | 0.68 | 1.25 | 1.13 | 1.03 |
| 23 Apr 2024 | 0.67 | 0.25 | 0.48 | 0.49 |
JNK India – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| JNK India | – | 9.51 | 47.71 | 25.45 | 407.30 |
| Thermax | 112.9 | 39.98 | 12.24 | 343.67 | 8,089.81 |
| Bharat Heavy Electricals | 186.02 | 1.37 | 1.79 | 77.05 | 23,364.94 |
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 Date | 23 April 2024 |
| JNK India IPO Closing Date | 25 April 2024 |
| Finalization of Basis of Allotment | 26 April 2024 |
| Initiation of refunds | 29 April 2024 |
| Transfer of shares to demat accounts | 29 April 2024 |
| JNK India IPO Listing Date | 30 April 2024 |
| Opening Price on NSE | INR 621 per share (up 49.64%) |
| Closing Price on NSE | INR 692 per share (up 66.75%) |
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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:Â [email protected]
Website:Â 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:Â +91 810 811 4949
Email:Â [email protected]
Website:Â 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:Â +91 22 6885 8000
Email:Â [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.
