JNK India Limited IPO: An Overview and Company Insight
JNK India Limited, established in 2010, is a company that deals with the design, manufacture, supply, installation, and commissioning of cracking furnaces, process-fired heaters, and reformers.
The company has conducted projects across various states in India like Andhra Pradesh, Assam, Bihar, and more, as well as international ventures in Nigeria and Mexico. It has served over 17 domestic clients and 7 overseas clients, including major names like Indian Oil Corporation Limited and Tata Projects Limited.
Committed to meeting customer specifications and adhering to industry standards, JNK India manufactures its products either in-house or through trusted third-party vendors. Notably, one of its manufacturing facilities in Mundra, Gujarat, operating within a Multi-Product Special Economic Zone, focuses on exports. Covering an area of approximately 20,243 square meters, this facility has an installed capacity of 5,000 metric tonnes for manufacturing and modularization per annum.
As of March 31, 2023, JNK India Limited had a workforce of 192 permanent employees.
Grey Market Premium Analysis and IPO Timelines: JNK India Limited IPO
| Date | GMP |
| April 19 | ₹0 |
| April 18 | ₹0 |
| April 17 | ₹0 |
| April 16 | ₹0 |
Recent grey market activities over the past 4 sessions have shown minimal movement in the IPO Grey Market Premium (GMP). Today’s trend indicates a continuation of this stability, with no significant fluctuations observed. This consistent pattern is expected to persist until the listing day of the IPO.
Pricing Details and Lot Size – JNK India Limited IPO
The price band for JNK India Limited IPO is ₹395 to ₹415 per share.
Book-running Lead Managers and Registrar – JNK India Limited IPO
Iifl Securities Ltd and ICICI Securities Limited are the Book Running Lead Managers (BRLM) with Link InTime India Private Limited as the registrar for the issue.
Offer for Sale and IPO Size Breakdown – JNK India Limited IPO
A book-built issue of Rs 649.47 crores, JNK India Limited IPO includes a fresh issue of 0.76 crore shares that aggregate to Rs 300.00 crores and an offer for sale of 0.84 crore shares that aggregate to Rs 349.47 crores.
IPO Timelines at a Glance – JNK India Limited
| Event | Date |
| IPO Opening Date | April 23, 2024 |
| IPO Closing Date | April 25, 2024 |
| IPO Allotment Date | April 26, 2024 |
| Initiation of Refunds | April 29, 2024 |
| Credit of Shares to Demat | April 29, 2024 |
| IPO Listing Date | April 30, 2024 |
Utilisation of Fresh Issuance and Technological Advancements – JNK India Limited IPO
The offer’s objectives are to:
- Meet the requirements for working capital.
- Support general corporate initiatives.
Conclusion
During the nine-month period ending December 31, 2023, JNK India recorded a net profit of Rs 46.21 crore on a revenue of Rs 256.76 crore. By the close of the financial year on March 31, 2023, the company’s net profit amounted to Rs 46.36 crore, with a revenue of Rs 411.55 crores.
Notably, JNK India Limited experienced significant growth, with a 38.5% increase in revenue and a 28.84% rise in profit after tax (PAT) between the financial years ending on March 31, 2023, and March 31, 2022. This positive trend underscores the company’s strong financial performance and potential for investors considering its IPO.
The company has a track record of successful projects across various states in India like Andhra Pradesh, Assam, Bihar, and more, as well as international ventures in Nigeria and Mexico, the company has served over 17 domestic clients and 7 overseas clients, including major names like Indian Oil Corporation Limited and Tata Projects Limited.
Frequently Asked Questions – JNK India Limited
What does JNK India Limited specialise in?
JNK India Limited, established in 2010, is a company that deals with the design, manufacture, supply, installation, and commissioning of cracking furnaces, process-fired heaters, and reformers.
What is the primary purpose of JNK India Limited’s IPO?
The offer’s objectives are to meet the requirements for working capital and support general corporate initiatives.
Who are the lead managers for JNK India Limited’s IPO?
Iifl Securities Ltd and ICICI Securities Limited are the Book Running Lead Managers (BRLM) with Link InTime India Private Limited as the registrar for the issue.
How is the IPO structured in terms of new issuance and offer for sale (OFS)?
The JNK India Limited IPO, which is a book-built issue of Rs 649.47 crores, comprises a fresh issue of Rs 300.00 crore and an offer for sale of 0.84 crore shares.
What is the lot size and minimum investment for retail investors in the JNK India Limited’s IPO?
The price band for JNK India Limited is ₹395 to ₹415 per share with the minimum lot size for an application being 36 shares. Retail investors are required to make a minimum investment of INR 14,940.
What is the price band for JNK India Limited’s IPO?
The price band for JNK India Limited is ₹395 to ₹415 per share.
How has the Grey Market Premium (GMP) trend for JNK India Limited’s IPO?
Recent grey market activities over the past 4 sessions have shown minimal movement in the IPO Grey Market Premium (GMP). Today’s trend indicates a continuation of this stability, with no significant fluctuations observed. This consistent pattern is expected to persist until the listing day of the IPO.
When does the IPO open and close for application?
JNK India Limited IPO will open for subscription on April 23, 2024 and close April 25, 2024.
When is the allotment date for the JNK India Limited IPO?
The allotment date is set for April 26, 2024.
When is JNK India Limited expected to be listed on the stock exchanges?
The equity shares of JNK India Limited are anticipated to be listed on April 30, 2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
