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JNK India IPO

  • Status: Closed
  • RHP:
  • ₹ 14,220 / 36 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    30 Apr 2024

  • Listing Price

    ₹620.00

  • Listing Change

    49.40%

  • Last Traded Price

    ₹687.40

IPO Details

  • Open Date

    23 Apr 2024

  • Close Date

    25 Apr 2024

  • IPO Price Range

    ₹ 395 to ₹ 415

  • IPO Size

    ₹ 649.47 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    30 Apr 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

JNK India IPO Subscription Status

Last Updated: 06 May 2024 8:29 AM by 5Paisa

JNK India IPO is set to open from 23rd April to 25th April 2024. The company makes process-fired heaters, reformers and cracking furnaces. The IPO includes a fresh issue of 7,594,936 shares worth ₹300 cr. and an Offer-for-Sale (OFS) of 8,421,052 for ₹349.47 cr. The total IPO size is ₹649.47 cr. The share allotment date is 26th April 2024, and the IPO will be listed on 30th April 2024 on the stock exchanges. The price band is set at ₹395 to ₹415 and the lot size is 36 shares.   

IIFL Securities Limited and ICICI Securities Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar. 

Objectives of JNK India IPO:

●    To fund the working capital requirements.
●    General corporate purposes.

JNK India IPO Video

 

 

JNK India IPO Size

Types Size (₹Cr)
Total IPO size 649.47
Offer for sale 349.47
Fresh issue 300.00

JNK India IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 36 ₹14,940
Retail (Max) 13 468 ₹194,220
S-HNI (Min) 14 504 ₹209,160
S-HNI (Max) 66 2,376 ₹986,040
B-HNI (Min) 67 2,412 ₹1,000,980

JNK India IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
Anchor Allocation 1 46,94,989 46,94,989 194.842
QIB 0.66 31,29,903 20,74,284 86.083
NII (HNI) 0.26 23,47,497 6,10,812 25.349
Retail 0.51 54,77,489 28,05,768  116.439
Total 0.50 1,09,54,889 54,90,864 227.871

JNK India IPO Anchor Allocation

Anchor Bid Date 2 April, 2024
Total no. of shares offered 4,694,989
Portion Size for Anchor Investors 194.84 Cr.
Lock in Period for 50% shares (30 days) 26 May, 2024
Lock in Period for rest of shares (90 days) 25 July, 2024

JNK India IPO Shareholding Pattern

Shareholding Pattern Pre issue % Post issue %
Promoter & Promoter Group 94.56 67.97
Public & Employees 5.44 32.03
Total 100.0 100.0

Established in 2010, JNK India Limited makes process-fired heaters, reformers and cracking furnaces used in Indian and Global process industries like oil and gas refineries, petrochemicals and fertilizer. The company also possesses the capabilities for thermal designing, engineering, manufacturing, supplying, installing and commissioning Heating Equipment.

JNK India has completed projects in Indian States like Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal as well as out of India in countries like Nigeria and Mexico. It also has ongoing projects in Oman, Algeria, and Lithuania.

The company has finished projects for 21 Indian and 8 Global clients as of December 2023. Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilisers Limited and Numaligarh Refinery Limited are some of the renowned clients of JNK India. 

The company is also undertaking the process to build capabilities for renewable and green hydrogen sectors. 

Peer Comparison
●    Thermax Limited
●    Bharat Heavy Electricals Limited

For More Information:
Webstory on JNK India IPO 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 407.30 296.39 137.72
EBITDA 73.50 54.57 26.01
PAT 46.36 35.98 16.47
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 337.77 268.31 125.12
Share Capital 9.60 9.60 9.60
Total Borrowings 215.60 196.13 88.30
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -7.22 98.91 11.45
Net cash from / (used in) investing activities -25.01 -24.93 -16.73
Net cash flow from / (used in) financing activities 25.12 0.52 8.20
Net increase (decrease) in cash and cash equivalents -7.12 14.50 2.92


Strengths

1.    The company has an established track record with a diverse customer base. 
2.    It is also well-positioned to capture industry tailwinds through the demonstrated capabilities.
3.    It has a diversified product portfolio.
4.    The company also has a robust Order Book reflecting revenue visibility. 
5.    Experienced management team
 

Risks

1.    Any downside in the capital expenditure of the oil and gas, petrochemical and fertilisers industry can impact the business. 
2.    The company derives a majority portion of its revenues from sales of Heating Equipment.
3.    High working capital requirements. 
4.    The company faced intense competition.

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FAQs

JNK India IPO opens from 23rd April to 25th April 2024.
 

The size of JNK India IPO is ₹649.47 cr. 
 

To apply for JNK India IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the JNK India IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

You will receive a mandate notification to block funds in your UPI app.
 

The price band of JNK India IPO is set at ₹395 to ₹415 per share.
 

The minimum lot size of JNK India IPO is 36 shares and the minimum investment required to apply for the IPO is ₹14,220.
 

The share allotment date of JNK India IPO is 26th April 2024.
 

The JNK India IPO will be listed on 30th April 2024.
 

IIFL Securities Limited and ICICI Securities Limited are the book-running lead managers for JNK India IPO.