The Heating Equipment company JNK India IPO will be hit the market April 23, 2024 and closes on April 25, 2024. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹649.47 crore through IPO. The company will issue fresh shares of ₹300.00 crores through this IPO and will issue shares through offer for sale of ₹349.47 crores.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
JNK India Limited manufactures process heaters, reformers, and cracking furnaces (together, the “Heating Equipment”) that are required in process industries such as oil and gas refineries, petrochemical, and fertilizer industries. The company has capabilities in thermal designing, engineering, manufacturing, supplying, installing, and commissioning Heating Equipment and caters to both domestic and overseas markets. You can check JNK India IPO GMP here.
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The company has completed projects in, amongst others, Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal, and globally has completed projects in Nigeria and Mexico. Further, we have ongoing projects in Gujarat, Odisha, Haryana, and Rajasthan in India, and globally in Oman, Algeria, and Lithuania. Further, we have completed projects that were based in far-reaching locations, which included our projects in India at Numaligarh, Assam; Kochi, Kerala; Barauni, Bihar; and overseas at Lagos, Nigeria. You can check JNK India IPO subscription status here.
Object Of the Issue :
- Funding working capital requirements.
- General corporate purposes.
Company Strengths :
- Established track record with a diverse customer base.
- Well-positioned to capture industry tailwinds through our demonstrated capabilities over time.
- Diversifying product portfolio to cater to varied industries.
- Demonstrated financial performance with a robust Order Book reflecting revenue visibility for the last three Fiscals.
- Skilled and experienced Promoters and management team with a committed employee base.
JNK India IPO Review :
| Details | Valuation |
| PAT : Issue Price : EPS : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹256.76 Cr ₹415 /EQ 9.55 43.45x 31.79 % 31.79 % 34.73 % 0.34 ₹34.47 ₹453.39 Cr ₹2308.27 Cr 94.56 % – % |
| Team Review : | ✔ Apply For Long Term |
Show Review…….
- ■ The company is a niche player in Heating Equipment segment.
- ■ The company has orders on hand worth Rs. 845 cr. as of December 31, 2023.
- ■ The company top and bottom line very strong growth.
- ■ The company PE ratio is attractive based on FY24 earnings.
- ■ The company issue price appears reasonably priced, Investor can bet on the long term.
JNK India IPO Date & Price Band & Details :
| IPO Open : | April 23, 2024 |
| IPO Close : | April 25, 2024 |
| Issue Type : | Book Built Issue |
| Face Value : | ₹2 Equity Share |
| Price Band : | ₹395 – ₹415 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹649.47 Cr {15,649,968 Shares} |
| Fresh Issue : | ₹300.00 Cr {7,228,916 Shares} |
| Offer For Sale : | ₹349.47 Cr {8,421,052 Shares} |
JNK India IPO Market Lot :
JNK India IPO Minimum Market lot is 1 Lot with 36 shares with ₹14,940 Application amount. The retail investors can apply up to 13 lots with 468 Shares or ₹194,220 amounts.
| Application | Lot | Shares | Amount Cr |
| Retail Minimum : | 1 | 36 | ₹14,940 |
| Retail Maximum : | 13 | 468 | ₹194,220 |
| S-HNI Minimum : | 14 | 504 | ₹209,160 |
| S-HNI Maximum : | 66 | 2376 | ₹986,040 |
| B- HNI Minimum : | 67 | 2412 | ₹1,000,980 |
JNK India IPO Reservation :
JNK India IPO Total Reservation of 15,649,968 shares are to be bid for the public issue by JNK India IPO 7,824,984 for QIB and 2,347,495 for NII 5,477,489 for Retail Investor.
| Category | Reservation | Shares | Amount Cr |
| QIB : | 50% | 7,824,984 | ₹324.74 |
| NII : | 15% | 2,347,495 | ₹97.42 |
| RII : | 35% | 5,477,489 | ₹227.32 |
| Total : | 100% | 15,649,968 | ₹649.47 |
JNK India IPO EPS & RoNW :
The JNK India company’s EPS & RoNW growth Increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 Dec | ₹9.55 | 31.79 | ₹34.47 |
| 2023 | ₹9.66 | 47.71 | ₹25.45 |
| 2022 | ₹7.50 | 66.03 | ₹15..04 |
| 2021 | ₹3.43 | 56.96 | ₹7.67 |
JNK India IPO Peer Comparison PE :
The JNK India, According to the RHP of the company is listed whose PE Multiple is shown in this table.
| Company | PE Ratio |
| Thermax Limited | 112.90 |
| Bharat Heavy Electricals | 186.0 |
JNK India IPO Dates :
JNK India IPO Date is April 23, 2024, and closes on April 25, 2024. The allotment will be finalized on April 26, 2024, and the IPO may list on April 30, 2024
| Anchor Date : | April 22, 2024 |
| Open Date : | April 23, 2024 |
| Close Date : | April 25, 2024 |
| Allotment Date : | April 26, 2024 |
| Refund Date : | April 29, 2024 |
| Share Credit Date : | April 29, 2024 |
| Listing Date : | April 30, 2024 |
JNK India IPO Form :
There are two ways to apply for JNK India IPO. You can apply for JNK India IPO through ASBA available in your bank account. You have to go to your online bank login select JNK India IPO in the Invest section and apply through your bank account. Another option is you apply for JNK India IPO through an IPO form download through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
JNK India Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 Dec | ₹256.76 | ₹196.07 | ₹46.21 |
| 2023 | ₹411.55 | ₹348.83 | ₹46.36 |
| 2022 | ₹297.14 | ₹249.31 | ₹35.98 |
| 2021 | ₹138.45 | ₹115.65 | ₹16.48 |
Company Promoters :
■ Arvind Kamath
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
JNK India IPO Lead Managers :
■ IIFL Securities Limited
■ ICICI Securities Limited
JNK India IPO Registrar :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai 400 083 Maharashtra, India
Tel: +91 810 811 4949
Investor grievance e-mail: [email protected]
E-mail: [email protected]
Website: www.linkintime.co.in
Note: Check JNK India IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
JNK India Limited
Unit No. 203, 204, 205 & 206,
Opposite TMC Office Centrum IT Park,
Satkar Hotel, Thane-West, Thane – 400604
Phone: +91-22 6885 8000
Email: [email protected]
Website: http://www.jnkindia.com/
JNK India IPO FAQs :
What is JNK India IPO?
JNK India IPO is a Mainboard IPO. They are going to raise ₹649.47 Crores via IPO. The issue is priced at ₹395-₹415 per equity share. The IPO is to be listed on NSE, and BSE.
When JNK India IPO will open?
The IPO is to open on April 23, to April 25, 2024, for QIB, NII & RII.
What is JNK India IPO Size?
JNK India’s IPO size is ₹649.47 Crores.
What is the Fresh issue size of the JNK India IPO?
The Fresh issue size of JNK India IPO ₹300.00 Cr.
What is the Offer For Sale size of JNK India IPO?
The Offer For Sale size of JNK India IPO ₹349.47 Cr.
What is the JNK India IPO Price Band?
JNK India IPO Price Band is ₹395-₹415 Per share.
What is JNK India IPO Minimum and Maximum Lot Size?
The minimum of 36 Shares with ₹14,940 amount while the maximum of 468 shares with ₹194,220.
What is JNK India IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, and RII 35%.
What is the JNK India IPO Allotment Date?
JNK India’s IPO allotment date is April 26, 2024.
What is the JNK India IPO Listing Date?
JNK India’s IPO listing date will be April 30, 2024. The IPO is to be listed on NSE, and BSE.
How to Apply the JNK India IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “JNK India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the JNK India IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “JNK India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the JNK India IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “JNK India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the JNK India IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “JNK India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
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