JNK India Limited
Mainboard₹14,940 / 36 Shares
JNK India Limited IPO Details
The JNK India Limited IPO price band is set between ₹395-415 per equity share, with a face value of ₹2 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 23 Apr, 2024 and closes on 25 Apr, 2024. Investors can check the allotment status on 26 Apr, 2024, while the listing date is tentatively scheduled for 30 Apr, 2024.
The total issue size is Total ₹649.47 Cr :#Fresh Issue : 7,594,936 shares, aggregating up to ₹300.00 Cr. Stay tuned for the latest JNK India Limited IPO review and GMP updates.
JNK India Limited IPO Review, Rating & Analysis
JNK India Limited IPO Review
NO REVIEWJNK India Limited IPO Rating
JNK India Limited IPO Highlights
IPO Date
Apr 23, 2024 - Apr 25, 2024
Listing Date
30 Apr, 2024
Face Value
₹2 Per Equity Share
Price Band
₹395-415 per equity share
Lot Size
36 Shares
Fresh Issue
7,594,936 Shares
Offer for Sale
8,421,052 shares of ₹2
Listing At
BSE, NSE
JNK India Limited IPO Lot Size
The minimum market lot for JNK India Limited IPO is 36 shares with an application amount of ₹14,940. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| 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 | 2376 | ₹9,86,040 |
| B-HNI (Min) | 67 | 2412 | ₹10,00,980 |
JNK India Limited IPO Timeline
Issue Price
₹395-415 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Iifl Securities LtdICICI Securities LimitedIssue Size
Total ₹649.47 Cr :#Fresh Issue : 7,594,936 shares(aggregating up to ₹300.00 Cr) +
#OFS : 8,421,052 shares of ₹2(aggregating up to ₹349.47 Cr)
JNK India Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 337.78 | 411.55 | 46.36 | 122.17 | 112.57 | 33.76 |
| 31 Mar 22 | 268.32 | 297.14 | 35.98 | 72.18 | 62.58 | 5.99 |
| 31 Mar 21 | 125.12 | 138.45 | 16.48 | 36.82 | 36.22 | 8.95 |
All values are in ₹ Cr.
JNK India Limited IPO Valuations
EPS Pre IPO
₹9.58/-EPS Post IPO
₹11.08/-PE Pre IPO
43.32PE Post IPO
37.46ROE
31.79%ROCE
34.73%Debt Equity
0.34RoNW
31.79%PAT Margin
18.24Price to Book Value
11.92Promoters & Share Holding
Promoter(s) Name
- Mascot Capital and Marketing Pvt. Ltd.
- JNK Heaters Co. Ltd
- Arvind Kamath
- Gaoutam Rampelli
- Dipak Kacharulal Bharuka
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 94.56% | N/A% |
About Company
JNK India Limited was incorporated in 2010 and 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 Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 3,129,903 | 2,347,497 1,564,997 782,500 | 5,477,489 | 10,954,889 |
Day 1 -23-04-24 05:00 PM | 0.67 x | 0.24 0.15 x 0.42 x | 0.47 x | 0.48 x |
Day 2 -24-04-24 05:00 PM | 0.68 x | 1.25 1.07 x 1.61 x | 1.13 x | 1.03 x |
Day 3 -25-04-24 05:00 PM | 75.72 x | 23.26 27.10 x 15.58 x | 4.11 x | 28.13 x |
Company Contact Details
JNK India Limited
Unit No. 203, 204, 205 & 206, Opposite TMC Office Centrum IT Park, Thane-West Thane - 400604Registrar Contact Details
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
Frequently Asked Questions about JNK India Limited IPO
When will JNK India Limited IPO open for subscription?
The JNK India Limited IPO opens on 23 Apr, 2024 and closes on 25 Apr, 2024.
What is the investors portion for JNK India Limited IPO?
The investors' portion for QIB is 75.72 x, NII is 27.10 x, and Retail is 4.11 x.
How to apply for JNK India Limited IPO?
You can apply for JNK India Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of JNK India Limited IPO?
The issue size of JNK India Limited IPO is approx ₹Total ₹649.47 Cr :#Fresh Issue : 7,594,936 shares(aggregating up to ₹300.00 Cr) +#OFS : 8,421,052 shares of ₹2(aggregating up to ₹349.47 Cr) crores.
What is the price band of JNK India Limited IPO?
The price band for JNK India Limited IPO is ₹395 to ₹415 per equity share.
What is the lot size of JNK India Limited IPO?
The minimum bid (lot size) for JNK India Limited IPO is N/A shares with an investment of approx ₹14,940 .
What is the allotment date of JNK India Limited IPO?
The allotment date for JNK India Limited IPO is 26 Apr, 2024.
What is the listing date of JNK India Limited IPO?
The listing date for JNK India Limited IPO is expected to be 30 Apr, 2024.
What is the GMP of JNK India Limited IPO?
The latest Grey Market Premium (GMP) for JNK India Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.