JNK India Limited IPO Detail
JNK India Limited was incorporated in 2010 and is engaged in the design, manufacture, supply, installation, and commissioning of process-fired heaters, reformers and cracking furnaces.
The company has completed projects in Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu and West Bengal and has implemented projects globally, including in Nigeria and Mexico. As of March 31, 2023, the company has served over 17 clients in India and seven clients overseas. The domestic clients include Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited and Numaligarh Refinery Limited.
All products in JNK India Limited are manufactured as per the requirements of the customer and in accordance with the applicable standards. The manufacturing is done at the in-house manufacturing facilities and/or third-party vendors. One of the manufacturing facilities is located in the Multi-Product Special Economic Zone in Mundra, Gujarat, where production is exclusively for export. It is spread over an area of about 20,243 square metres with an installed capacity of 5,000 metric tonnes for manufacturing and modularization per annum.
As of March 31, 2023, the company had 192 permanent employees.
Company Promoters
Mascot Capital and Marketing Pvt. Ltd., JNK Heaters Co. Ltd, Arvind Kamath, Gaoutam Rampelli, and Dipak Kacharulal BharukaIPO Details
| IPO Opening Date | Apr 23, 2024 |
| IPO Closing Date | Apr 25, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹395 - 415 per equity share |
| Market Lot | 36 Shares |
| Min Order Quantity | 36 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹649.47 Cr |
| Fresh Issue | ₹300.00 Cr |
| Offer for Sale | ₹349.47 Cr |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.66x | - | - | 0.26x | 0.52x | 0.50x |
| Day 2 | 0.67x | - | - | 1.28x | 1.17x | 1.05x |
| Day 3 | 74.40x | - | - | 23.80x | 4.20x | 28.46x |
IPO Tentative Timetable
The JNK India Limited IPO open date is Apr 23, 2024, and the close date is Apr 25, 2024. The issue may list on Apr 30, 2024.
| IPO Open Date | Apr 23, 2024 |
| IPO Close Date | Apr 25, 2024 |
| Basis of Allotment Date | Apr 26, 2024 |
| Initiation of Refunds | Apr 29, 2024 |
| Credit of Shares to Demat Account | Apr 29, 2024 |
| IPO Listing Date | Apr 30, 2024 |
IPO Lot Size
The JNK India Limited IPO market lot size is 36 shares. A retail-individual investor can apply for up to 13 lots (468 shares or ₹194220).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 36 | ₹14940 |
| Maximum | 13 | 468 | ₹194220 |
IPO Promoter Holding
| Pre Issue Share Holding | 94.56% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 125.12 | 138.45 | 16.48 |
| 31-Mar-22 | 268.32 | 297.14 | 35.98 |
| 31-Mar-23 | 337.78 | 411.55 | 46.36 |
| 31-Dec-23 | 453.39 | 256.76 | 46.21 |
Objects of the Issue:
The company intends to use the net proceeds from the issue to finance the following objects:
- Working capital requirements; and
- General corporate purposes.
JNK India Limited IPO Registrar:
Link Intime India Private Ltd
JNK India Limited IPO Lead Manager(s):
Iifl Securities Ltd ICICI Securities Limited
Company Contact Information:
JNK India Limited
Unit No. 203, 204, 205 & 206,
Opposite TMC Office Centrum IT Park,
Satkar Hotel, Thane-West, Thane - 400604
