What you must know about JNK India IPO?
by 5paisa Research Team
18 Apr 2024
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 30-Apr-24
- IPO Price Range ₹395
- Listing Price ₹620
- Listing Change 49.4 %
- Last Traded Price ₹638.65
- Current Change 53.9 %
JNK IPO Details
- Open Date 23-Apr-24
- Close Date 25-Apr-24
- Lot Size 36
- IPO Size ₹ 649.47 Cr
- IPO Price Range ₹ 395 to ₹ 415
- Min Investment ₹ 14,220
- Listing Exchange BSE, NSE
- Basis of Allotment 26-Apr-24
- Refunds 29-Apr-24
- Credit to Demat Account 29-Apr-24
- Listing Date 30-Apr-24
JNK India IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 23-Apr-24 | 0.66 | 0.26 | 0.51 | 0.50 |
| 24-Apr-24 | 0.67 | 1.28 | 1.17 | 1.05 |
| 25-Apr-24 | 74.40 | 23.80 | 4.20 | 28.46 |
JNK IPO Synopsis
JNK India IPO is set to open from 23rd April to 25th April 2024. The company makes process-fired heaters, reformers and cracking furnaces. The IPO includes a fresh issue of 7,594,936 shares worth ₹300 cr. and an Offer-for-Sale (OFS) of 8,421,052 for ₹349.47 cr. The total IPO size is ₹649.47 cr. The share allotment date is 26th April 2024, and the IPO will be listed on 30th April 2024 on the stock exchanges. The price band is set at ₹395 to ₹415 and the lot size is 36 shares.
IIFL Securities Limited and ICICI Securities Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of JNK India IPO:
● To fund the working capital requirements.
● General corporate purposes.
JNK India IPO Video
JNK India IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 649.47 |
| Offer for sale | 349.47 |
| Fresh issue | 300.00 |
JNK India IPO Lot Size
| 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 Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| Anchor Allocation | 1 | 46,94,989 | 46,94,989 | 194.842 |
| QIB | 0.66 | 31,29,903 | 20,74,284 | 86.083 |
| NII (HNI) | 0.26 | 23,47,497 | 6,10,812 | 25.349 |
| Retail | 0.51 | 54,77,489 | 28,05,768 | 116.439 |
| Total | 0.50 | 1,09,54,889 | 54,90,864 | 227.871 |
JNK India IPO Anchor Allocation
| Anchor Bid Date | 2 April, 2024 |
| Total no. of shares offered | 4,694,989 |
| Portion Size for Anchor Investors | 194.84 Cr. |
| Lock in Period for 50% shares (30 days) | 26 May, 2024 |
| Lock in Period for rest of shares (90 days) | 25 July, 2024 |
JNK India IPO Shareholding Pattern
| Shareholding Pattern | Pre issue % | Post issue % |
|---|---|---|
| Promoter & Promoter Group | 94.56 | 67.97 |
| Public & Employees | 5.44 | 32.03 |
| Total | 100.0 | 100.0 |
About JNK India
Established in 2010, JNK India Limited makes process-fired heaters, reformers and cracking furnaces used in Indian and Global process industries like oil and gas refineries, petrochemicals and fertilizer. The company also possesses the capabilities for thermal designing, engineering, manufacturing, supplying, installing and commissioning Heating Equipment.
JNK India has completed projects in Indian States like Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal as well as out of India in countries like Nigeria and Mexico. It also has ongoing projects in Oman, Algeria, and Lithuania.
The company has finished projects for 21 Indian and 8 Global clients as of December 2023. Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilisers Limited and Numaligarh Refinery Limited are some of the renowned clients of JNK India.
The company is also undertaking the process to build capabilities for renewable and green hydrogen sectors.
Peer Comparison
● Thermax Limited
● Bharat Heavy Electricals Limited
For More Information:
Webstory on JNK India IPO
JNK India Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 407.30 | 296.39 | 137.72 |
| EBITDA | 73.50 | 54.57 | 26.01 |
| PAT | 46.36 | 35.98 | 16.47 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 337.77 | 268.31 | 125.12 |
| Share Capital | 9.60 | 9.60 | 9.60 |
| Total Borrowings | 215.60 | 196.13 | 88.30 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -7.22 | 98.91 | 11.45 |
| Net cash from / (used in) investing activities | -25.01 | -24.93 | -16.73 |
| Net cash flow from / (used in) financing activities | 25.12 | 0.52 | 8.20 |
| Net increase (decrease) in cash and cash equivalents | -7.12 | 14.50 | 2.92 |
JNK IPO Key Points
-
Strengths
1. The company has an established track record with a diverse customer base.
2. It is also well-positioned to capture industry tailwinds through the demonstrated capabilities.
3. It has a diversified product portfolio.
4. The company also has a robust Order Book reflecting revenue visibility.
5. Experienced management team
-
Risks
1. Any downside in the capital expenditure of the oil and gas, petrochemical and fertilisers industry can impact the business.
2. The company derives a majority portion of its revenues from sales of Heating Equipment.
3. High working capital requirements.
4. The company faced intense competition.
JNK
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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JNK IPO FAQs
When does the JNK India IPO open and close?
JNK India IPO opens from 23rd April to 25th April 2024.
What is the size of the JNK India IPO?
The size of JNK India IPO is ₹649.47 cr.
How to apply for the JNK India IPO?
To apply for JNK India IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the JNK India IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of JNK India IPO?
The price band of JNK India IPO is set at ₹395 to ₹415 per share.
What is the minimum lot size and investment required for the JNK India IPO?
The minimum lot size of JNK India IPO is 36 shares and the minimum investment required to apply for the IPO is ₹14,220.
What is the allotment date of the JNK India IPO?
The share allotment date of JNK India IPO is 26th April 2024.
What is the JNK India IPO listing date?
The JNK India IPO will be listed on 30th April 2024.
Who are the book runners for the JNK India IPO?
IIFL Securities Limited and ICICI Securities Limited are the book-running lead managers for JNK India IPO.
Contact Details of JNK India IPO
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 Register
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
IIFL Securities Ltd
ICICI Securities Limited
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