JNK India Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | April 23, 2024 to April 25, 2024 |
| Face Value | ₹ 2 per share |
| Price Band | ₹ 395 to ₹ 415 per share |
| Lot Size | 36 Shares |
| Total Issue Size | 1,60,15,988 shares (aggregating up to ₹ 649.47 Cr) |
| Fresh Issue | 75,94,936 shares (aggregating up to ₹ 300.00 Cr) |
| Offer for Sale | 84,21,052 shares of ₹2 (aggregating up to ₹ 349.47 Cr) |
| Issue Type | Book Built Issue FPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 4,83,92,000 |
| Share holding post issue | 5,59,86,936 |
About JNK India Limited IPO
JNK India specializes in manufacturing "Heating Equipments," such as reformers, cracking furnaces, and process-fired heaters. JNK India IPO is a book built issue of Rs 649.47 crores. The issue is a combination of fresh issue of 0.76 crore shares and its IPO price band is set at ₹395 to ₹415 per share. Iifl Securities Ltd and ICICI Securities Limited are the book running lead managers of the JNK India IPO, while Link Intime India Private Ltd is the registrar for the issue.
Objectives of the Issue
The company intends to use the net proceeds from the issue to finance the following objects:
2. General corporate purposes.
- 1. Working capital requirements
JNK India IPO review
The company has an order book worth Rs. 845 cr. as of December 31, 2023, that indicates the future prospects. Based on FY24 annualized earnings, the issue appears reasonably priced. Investors may park funds for the medium to long term rewards in this dividend paying company. Fluctuating financial ratios suggest the need for thorough due diligence before considering the IPO.
JNK India Limited IPO Financial Information
Latest Revenue
256.76
₹ Crore
Profit After Tax
46.21
₹ Crore
Net Worth
168.56
₹ Crore
Total Borrowing
56.73
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 453.39 | 256.76 | 46.21 | 168.56 | 56.73 | ||||
| 31 Mar 2023 | 337.78 | 411.55 | 46.36 | 122.17 | 33.76 | ||||
| 31 Mar 2022 | 268.32 | 297.14 | 35.98 | 72.18 | 5.99 | ||||
| 31 Mar 2021 | 125.12 | 138.45 | 16.48 | 36.82 | 8.95 | ||||
| Amount in ₹ Crore | |||||||||
JNK India Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 31.79% |
| ROCE | 34.73% |
| Debt/Equity | 0.34 |
| RoNW | 31.79% |
| P/BV | 11.92 |
| PAT Margin (%) | 18.24 |
Frequently Asked Questions
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Competitive Strengths
JNK India Limited IPO Timeline
| IPO Open Date | Tuesday, April 23, 2024 |
| IPO Close Date | Thursday, April 25, 2024 |
| Basis of Allotment | Friday, April 26, 2024 |
| Credit of Shares to Demat | Monday, April 29, 2024 |
| Listing Date | Tuesday, April 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 25, 2024 |
| Initiation of Refunds | Monday, April 29, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid 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 |