JNK India Limited is engaged in the design, manufacture, supply, installation, and commissioning of process-fired heaters, reformers and cracking furnaces.
The company has completed projects in Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu and West Bengal and has implemented projects globally, including in Nigeria and Mexico.
As of March 31, 2023, the company has served over 17 clients in India and seven clients overseas. The domestic clients include Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited and Numaligarh Refinery Limited.
All products in JNK India Limited are manufactured as per the requirements of the customer and in accordance with the applicable standards. The manufacturing is done at the in-house manufacturing facilities and/or third-party vendors. One of the manufacturing facilities is located in the Multi-Product Special Economic Zone in Mundra, Gujarat, where production is exclusively for export. It is spread over an area of about 20,243 square metres with an installed capacity of 5,000 metric tonnes for manufacturing and modularization per annum.
As of March 31, 2023, the company had 192 permanent employees.
JNK India IPO – Details
| IPO Opening Date | 23 April 2024 |
| IPO Closing Date | 25 April 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | [] Shares Worth ₹[] Fresh Issue: [] Shares Worth ₹300.00 Crore Offer For Sale: 84,21,052 Shares Worth ₹[] |
| Face Value | ₹2 per equity share |
| IPO Price | ₹395 – ₹415 |
| Market Lot | 36 Shares |
| Min Order | 36 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
JNK India IPO – Date Schedule
| IPO Open Date | 23 April 2024 |
| IPO Close Date | 25 April 2024 |
| Basis of Allotment Date | 26 April 2024 |
| Initiation of Refund | 29 April 2024 |
| Credit of Shares to Demat Account | 29 April 2024 |
| IPO Listing Date | 30 April 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 25, 2024 |
JNK India IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹14,940 |
| Retail (Max) | 13 | 468 | ₹1,94,220 |
| S-HNI (Min) | 14 | 504 | ₹2,09,160 |
| S-HNI (Max) | 66 | 2,376 | ₹9,86,040 |
| B-HNI (Min) | 67 | 2,412 | ₹10,00,980 |
Competitive Strengths
- Established track record with a diverse customer base.
- Well-positioned to capture industry tailwinds through its demonstrated capabilities over time.
- Diversifying product portfolio to cater to varied industries.
- Demonstrated financial performance with a robust Order Book reflecting revenue visibility for last three Fiscals.
- Skilled and experienced Promoters and management team with committed employee base.
Company Promoters
- Mascot Capital and Marketing Pvt. Ltd.
- JNK Heaters Co. Ltd
- Arvind Kamath
- Gaoutam Rampelli
- Dipak Kacharulal Bharuka
Company Financials (Restated Consolidated)
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 138.45 | 115.64 | 16.47 | 8.95 |
| 31 March 2022 | 297.13 | 249.31 | 35.98 | 5.99 |
| 31 March 2023 | 411.54 | 348.83 | 46.36 | 33.76 |
| 31 December 2023 | 256.76 | 196.07 | 46.21 | 56.73 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 31.79% |
| ROCE | 34.73% |
| Debt/Equity | 0.34 |
| RoNW | 31.79% |
| PAT Margin (%) | 18.24 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 9.49 | – |
| P/E (x) | – | – |
Object Of The Issue
- Working capital requirements; and
- General corporate purposes.
JNK India IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Thermax Limited | 112.90 |
| 2 | 2 | Bharat Heavy Electricals Limited | 186.02 |
JNK India IPO Promoter Holding
| Pre Issue Share Holding | 94.56% |
| Post Issue Share Holding | – |
JNK India IPO Prospectus
Company Contact Information
| 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: compliance@jnkindia.com Website: http://www.jnkindia.com/ |
JNK India IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: jnk.ipo@icicisecurities.com Website: https://linkintime.co.in/initial_offer/public-issues.html |
JNK India IPO Lead Manager(s)
| 1. ICICI Securities Limited 2. IIFL Securities Limited |
JNK India IPO FAQs
| What is JNK India IPO? JNK India IPO is a main-board IPO. The issue is priced at ₹395 to ₹415 per equity share. The IPO is to be listed on BSE & NSE. |
| When JNK India IPO will open? The IPO is to open on 23 April 2024 for QIB, NII, and Retail Investors. |
| What is JNK India IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the JNK India IPO? You can apply JNK India IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the JNK India IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “JNK India”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the JNK India IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “JNK India“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the JNK India IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “JNK India”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the JNK India IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “JNK India”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is JNK India IPO Size? JNK India IPO size is ₹[] Crore. |
| What is JNK India IPO Price Band? JNK India IPO Price Band is ₹395 to ₹415. |
| What is JNK India IPO Minimum and Maximum Lot Size? The minimum bid is 36 Shares with ₹14,940 amount while the maximum bid is 468 Shares with ₹1,94,220. |
| What is the JNK India IPO Allotment Date? JNK India IPO allotment date is 26 April 2024. |
| What is the JNK India IPO Listing Date? JNK India IPO listing date is 30 April 2024. The IPO is to list on BSE and NSE. |
