JNK India IPO
JNK India Limited is a company that specializes in manufacturing heating equipment for process industries such as oil refineries and petrochemical plants. They offer a range of products, including process fired heaters, reformers, and cracking furnaces. The company is known for its capabilities in thermal designing, engineering, manufacturing, supplying, installing, and commissioning these specialized products.
As of March 31, 2023, JNK India Limited has served 17 customers in India and seven customers overseas, with a significant presence in the oil refining industry in India. They have also been working closely with JNK Heaters, a KOSDAQ listed company.
In addition to their traditional offerings, JNK India Limited is expanding into the renewable energy sector, focusing on onsite hydrogen production and Solar PV-EPC. This move is in line with India’s position as the third most attractive renewable energy market in the world.
JNK India IPO Details
| IPO Date | 23rd April 2024 to 25th April 2024 |
| Listing Date | 30th April 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹395 to ₹415 per share |
| Lot Size | 36 Shares |
| Total Issue Size | 1,57,78,267 shares (aggregating up to ₹649.47 Cr) |
| Fresh Issue | 73,57,215 shares (aggregating up to ₹300.00 Cr) |
| Offer for Sale | 84,21,052 shares of ₹2 (aggregating up to ₹349.47Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 46,94,989(29.75%) |
| QIB | 30,75,283(19.5%) |
| NII | 24,02,399(15.2%) |
| bNII | 16,01,599(10.1%) |
| sNII | 8,00,800(5.1%) |
| Retail | 56,05,596(35.5%) |
| Total | 1,57,78,267(100%) |
JNK India IPO Timeline
| IPO Open | 23rd April 2024 |
| IPO Close | 25th April 2024 |
| Basis Of Allotment | 26th April 2024 |
| Initiation of Refunds | 29th April 2024 |
| Credit of Shares to Demat | 29th April 2024 |
| Listing Date | 30th April 2024 |
Fundamentals
Data as of 31st December 2023
| Market Cap | 2,308.27 Cr | P/E Ratio- Pre IPO | 43.32 |
| RoE | 31.79% | P/E Ratio- Post IPO | 37.46 |
| RoCE | 34.73% | P/B Ratio | 11.92 |
| Debt to Equity | 0.34 | PAT Margin% | 18.24 |
JNK India IPO Objectives
Company proposes to utilise the Net Proceeds towards funding of the following objects:
- Funding working capital requirements; and
- General corporate purposes
