JNK India IPO

JNK India Ltd.

IPO Listing Details

Listed On

BSE & NSE

Listed On

Issue Price

₹415

Issue Price

Listing Price

₹620

Listing Price

Listing Gains

+₹205.00 (+49.40%)

Listing Gains

IPO Details

Bidding Dates

23 Apr - 25 Apr '24

Bidding Dates

Min. Investment

₹14,220

Min. Investment

Lot Size

36.00

Lot Size

Price Range

₹395 - ₹415

Price Range

Issue Size

438 Cr

Issue Size

Subscription Rate

  • Retail Individual Investor
    4.11x
  • Non-Institutional Investor
    23.26x
  • Qualified Institutional Buyers
    75.72x
  • Employees


About Company

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 metres, 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.

Important Dates - JNK India IPO

Application opens on 23rd April 2024
Last date of application 25th April 2024
Date of Allotment 26th April 2024
Refund begins from 29th April 2024
Credit of shares to Demat 29th April 2024
Listing date 30th April 2024

Why should you invest in JNK India Ltd. IPO?

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.

 

JNK India IPO Noteworthy Highlights

The offer’s objectives are to:

  • Meet the requirements for working capital.
  • Support general corporate initiatives.

 

JNK India IPO Grey Market Premium

Date GMP
20th April Rs.-
19th April Rs.-
18th April Rs.-


JNK India Ltd. IPO - SWOT Analysis

Strengths

  • JNK India Limited has a history of successfully completing projects in various regions of India and internationally, demonstrating its expertise and reliability.
  • With a portfolio of both domestic and overseas clients, including prominent names in the industry, the company enjoys a diversified revenue stream.
  • Specialised expertise in the design, manufacture, and installation of process-fired heaters, reformers, and cracking furnaces. 
  • The company has shown consistent revenue growth and profitability over recent fiscal periods, indicating its financial stability and performance.

Weaknesses

  • With much of its revenue coming from the oil and gas segment, JNK India may face risks associated with fluctuations in oil prices and changes in industry dynamics.
  • While the company has executed projects in select international markets, its presence outside of India may be relatively limited compared to its domestic operations.

Opportunities

  • Given the global shift towards renewable energy sources, JNK India could explore opportunities to diversify its offerings and venture into renewable energy solutions.
  • The company can capitalise on the growing demand for its services by investing in infrastructure.

Threats

  • Sectors like oil and gas are sensitive to economic conditions which could impact the demand for JNK India Limited’s services.
  • Changes in government policies and regulations, both domestically and internationally, could affect the company's operations and profitability.
  • Competition from both domestic and international players may pose a threat to JNK India's market share and profitability.

 

Financial Snapshot - JNK India IPO

Check out the financial performance of JNK India for recent years:

Financial Year Total Assets Total Revenues Net Profit
March 2021 Rs 125.12 crore Rs 138.45 crore Rs 16.480 crore
March 2022 Rs 268.32 crore Rs 297.14 crore Rs 35.98 crore
March 2023 Rs 337.78 crore Rs 411.55 crore Rs 46.36 crore



How to apply for JNK India Ltd. IPO?

You can apply for the JNK India Ltd. IPO in these ways:

UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

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JNK India Ltd. IPO FAQs

What are the opening and closing dates for JNK India Limited?

JNK India Limited IPO will open for subscription on April 23, 2024 and close April 25, 2024.

What is the price band for JNK India Limited?

The price band for JNK India Limited is ₹395 to ₹415 per share.

What is the minimum and maximum lot size for the JNK India Limited?

The minimum lot size is set at 36 shares. 

Who are JNK India Limited’s Lead Managers?

Iifl Securities Ltd and ICICI Securities Limited are the Book Running Lead Managers (BRLM) for the issue.

Who is the registrar of the issue?

Link InTime India Private Limited is the registrar for JNK India Limited IPO.

When will the JNK India Limited allotment take place?

The finalisation of the basis of allotment for JNK India Limited will be done on April 26, 2024, and the allotted shares will be credited to investors’ demat accounts by April 29, 2024.

When and where will the JNK India Limited shares be listed?

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).

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