JNK India IPO Details ( JNK India Limited IPO Review )
(23 Apr 2024 – 25 Apr 2024)
JNK India Limited began its journey in 2010, focusing on manufacturing, delivering, and installing various process-fired heaters, reformers, and cracking furnaces. Their expertise lies in customizing solutions to fit the unique needs of each client.
Over the years, they’ve undertaken projects across multiple Indian states like Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal. Their influence extends beyond borders with successful ventures in countries like Nigeria and Mexico. By March 31, 2023, they had built strong relationships with over 17 clients in India and seven overseas.
Some of their notable domestic clients include Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited, and Numaligarh Refinery Limited. Each product from JNK India Limited is meticulously crafted to meet customer specifications and adhere to industry standards. They manufacture in-house or collaborate with trusted third-party vendors.
Their manufacturing hub in the Multi-Product Special Economic Zone in Mundra, Gujarat, covers an extensive area of about 20,243 square meters. This facility, with a capacity of 5,000 metric tonnes per annum, primarily focuses on exports.
As of March 31, 2023, JNK India Limited boasted a workforce of 192 dedicated permanent employees, driving their commitment to excellence and client satisfaction.
JNK India Limited Company Product
- Process-fired heaters
- Reformers
- Cracking furnaces
JNK India Limited IPO Competitive Strength
- Established track record with a diverse customer base
- Well-positioned to capture industry tailwinds through our 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
JNK India IPO Financials Performance ( Results )
JNK India Limited Financial Information (Restated Consolidated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 125.12 | 138.45 | 16.48 | 36.82 | 36.22 | 8.95 |
| 31-Mar-22 | 268.32 | 297.14 | 35.98 | 72.18 | 62.58 | 5.99 |
| 31-Mar-23 | 337.78 | 411.55 | 46.36 | 122.17 | 112.57 | 33.76 |
| 31-Dec-23 | 453.39 | 256.76 | 46.21 | 168.56 | 158.88 | 56.73 |
Objective of JNK India IPO Issue
- Working capital requirements; and
- General corporate purposes.
JNK India IPO Basic Details
| IPO Date | Apr 23, 2024 to Apr 25, 2024 |
| Listing Date | Tuesday, April 30, 2024 |
| Face Value | ₹2 per share |
| Price | ₹395 to ₹415 per share |
| Lot Size | 36 Shares |
| Issue Size | 16,015,988 shares of ₹2 (aggregating up to ₹649.47 Cr) |
| Fresh Issue | 7,594,936 shares of ₹2 (aggregating up to ₹300.00 Cr) |
| Offer for Sale | 8,421,052 shares of ₹2 (aggregating up to ₹349.47 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 48,392,000 |
| Share holding post issue | 55,986,936 |
| Company Promoters | Mascot Capital and Marketing Pvt. Ltd., JNK Heaters Co. Ltd, Arvind Kamath, Gaoutam Rampelli, and Dipak Kacharulal Bharuka |
JNK India IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
JNK IPO Timetable
JNK IPO will open on April 23, 2024 and close on April 25, 2024. You can join JNK IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 23 April 2024 (Monday) |
| Closing Date | 25 April 2024 (Thursday) |
| Basis of Allotment | 26 April 2024 (Friday) |
| Initiation of Refunds | 29 April 2024 (Monday) |
| Credit of Shares to Demat | 29 April 2024 (Monday) |
| Listing Date | 30 April 2024 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 25 April 2024 |
JNK India IPO Lot Size
For retail investors in JNK India IPO, 36 shares will come in 1 lot or the minimum investment will be ₹14,940. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹194,220.
| Application | Lots | Shares | 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 |
JNK India IPO Promoter Holding
The company’s promoters include Mascot Capital and Marketing Pvt. Ltd., JNK Heaters Co. Ltd, Arvind Kamath, Gaoutam Rampelli, and Dipak Kacharulal Bharuka.
| Pre Issue Share Holding | 94.56% |
| Post Issue Share Holding |
JNK India Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 2308.27 |
| Earning Per Share (EPS) | ₹9.66 per Equity Share |
| Net Asset Value (NAV) | ₹25.45 per Equity Share |
| P/E Ratio (P/E) (x) | 43.32 |
| Post P/E Ratio (P/E) (x) | 37.46 |
| Return on Net Worth (RoNW) (%) | 31.79 |
| Return on equity (ROE) (%) | 31.79 |
| Return on Capital Employed (ROCE) (%) | 34.73 |
| Debt/Equity Ratio | 0.34 |
| Price/Book Value Ratio | 11.92 |
JNK India IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹107 | – | – |
| 25 April 2024 | ₹90 | – | – |
| 24 April 2024 | ₹80 | – | – |
| 23 April 2024 | ₹45 | – | – |
| 22 April 2024 | ₹25 | – | – |
| 21 April 2024 | ₹25 | – | – |
| 20 April 2024 | ₹0 | – | – |
JNK India IPO Detail Video:
JNK India IPO Subscription Status (Bidding Detail)
The JNK India IPO on April 25, 2024 at 7:02:50 PM was subscribed 28.46 times, with the retail category being subscribed 4.20 times, the NII (Non-Institutional Investor) category being subscribed 23.80 times, QIB (Qualified-Institutional Buyers) category being subscribed 74.40 times.
| Category | Subscription |
| QIB | 74.40x |
| NII | 23.80x |
| Retail | 4.20x |
| Total | 28.46x |
JNK India IPO Prospectus
| JNK India IPO DRHP | Download |
| JNK India IPO RHP | Download |
| JNK India IPO Anchor Investors Details PDF | Download |
JNK India IPO Rating
| Our Rating | 3.0/5.0 |
JNK India Company Contact Information
JNK India Limited
Registered and Corporate Office: Unit No. 203, 204, 205 & 206, Opposite TMC Office Centrum IT Park, Near Satkar Hotel, Thane -West, Thane 400 604, Maharashtra, India
Tel: +91 22 6885 8000
Contact Person: Ashish Soni, Company Secretary and Compliance Officer
Tel: + 91 22 6885 8000.
E-mail: compliance@jnkindia.com
Website: www.jnkindia.com
Corporate Identity Number: U29268MH2010PLC204223
Our Promoters: Mascot Capital and Marketing Private Limited, Jnk Global Co. Ltd.(Formally Known as Jnk Heaters Co. Ltd) Arvind Kamath, Goutam Rampelli and Dipak Kacharulal Bharuka
JNK India IPO Registrar
Link Intime India Private Limited
Registered Office: C-101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli West, Mumbai 400 083, Maharashtra, India
Tel: +91 810 811 4949
E-mail: jnkindia.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance e-mail: jnkindia.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
JNK India IPO Lead Manager
IIFL Securities Limited
Registered Office: 24th Floor, One Lodha Place Senapati Bapat Marg Lower Parel (West), Mumbai 400 013, Maharashtra, India
Tel: +91 22 4646 4728
E-mail: jnk.ipo@iiflcap.com
Investor grievance e-mail: ig.ib@iiflcap.com
Website: www.iiflcap.com
Contact person: Mukesh Garg/ Pawan Jain
SEBI registration no.: INM000010940
ICICI Securities Limited
Registered Office: ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025, Maharashtra, India
Tel: +91 22 6807 7100
E-mail: jnk.ipo@icicisecurities.com
Investor grievance e-mail: customercare@icicisecurities.com
Website: www.icicisecurities.com
Contact person: Namrata Ravasia/ Harsh Thakkar
SEBI registration no.: INM000011179
JNK India IPO FAQs
What is the lot size of JNK India IPO?
The total size of JNK India IPO is ₹649.47 crores out of which ₹300.00 crores is fresh issue and ₹349.47 crores is offer for sale (OFS).
When will JNK India IPO start?
JNK India IPO will open from 23 April 2024 and IPO will close on 25 April 2024.
What is the open date of JNK India IPO?
JNK India IPO will open date from 23 April 2024.
What is the last date ( close date ) of JNK India IPO?
JNK India IPO will close from 25 April 2024.
What is the price band of JNK India IPO?
JNK India IPO price band is ₹395 to ₹415. ( Upper Price Band: ₹415, Lower Price Band: ₹395 )
What is the minimum amount required to apply for JNK India IPO?
The minimum investment for retailers to apply for JNK India IPO is ₹14,940 and the maximum investment is ₹194,220.
What is going on gray market premium of JNK India IPO?
View gray market premium of JNK India IPO by Clicking Here
How much is the GMP of JNK India IPO?
Watch JNK India IPO GMP Today: Click Here
What is the allotment date of JNK India IPO?
The allotment date of JNK India IPO is 26 April 2024.
How to check allotment status in JNK India IPO?
To check the allotment status of JNK India IPO, first of all go to the registrar website by clicking here, select your bad JNK India IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of JNK India IPO?
The listing date of JNK India IPO is 30 April 2024.
How much will be the listing gain in JNK India IPO?
View listing gain of JNK India IPO by Clicking Here
How much time JNK India IPO is subscribed?
Total 28.46 times subscribed in JNK India IPO out of which 4.20 times subscription was done in retail quota, 23.80 times subscription in NII quota and 74.40 times subscription in QIB quota.
How to apply for JNK India IPO from Upstox?
Click Here to see how to apply for JNK India IPO from Upstox. (step by step)
How to apply for JNK India PO from Zerodha?
Click Here to see how to apply for JNK India IPO from Zerodha. (step by step)
How to apply for JNK India IPO from Angle One?
Click Here to see how to apply for JNK India IPO from Angle One. (step by step)
