JNK India IPO Details
Issue Date
--
Price Range
₹395 - ₹415
Lot Size
36
IPO Size
₹649.47 Cr
JNK India IPO Listing Details
Listing On
30 Apr'24
Issue Price
₹415
Listed Price
₹ 621
Retail Gain/Listing Gain
▲49.64%
Schedule of JNK India IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
30/04/2024
Company Background
JNK India manufactures process-fired heaters, reformers and cracking furnaces (heating equipment), required in process industries such as oil and gas refineries, petrochemical and fertiliser industries.
The company deals in thermal designing, engineering, manufacturing, supplying, installing and commissioning heating equipment, and caters to both domestic and overseas markets.
With that, let's take a look at the competitive strength and risk factors for JNK India Limited:
Competitive Strengths
Established track record with a diverse customer base
As of December 31, 2023, the company has served 21 clients in India and 8 clients overseas. Some of its domestic customers include Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited and Numaligarh Refinery Limited. The company has also catered to overseas customers such as a leading oil & gas exploration company in Oman, along with a Middle East arm of a European EPC company in oil and gas. Additionally, the company has been awarded incentives by their clients for completing projects ahead of schedule, both in India and abroad, as well as certifications for “Safety Compliance and Campaign Performance.”
Diversified product portfolio to cater to varied industries
The company receives orders from both domestic and international oil and gas refining, petrochemical, and fertilizer companies. Its diverse customer base has facilitated market expansion and enhanced profitability. The company's customers primarily hail from the oil and gas, petrochemical, and fertilizer industries, and they have recently diversified into waste gas handling systems, which include flares and incinerator systems.
Demonstrated financial performance
During Fiscals 2021 to 2023, the company experienced a CAGR of 71.97% in revenue from operations, 68.09% in EBITDA, and 67.75% in profit after tax. These figures reflect a notable growth trajectory in the company's financial performance over the past few years.
Risk Factors
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A significant portion of revenue comes from contracting customers. Any failure to obtain new contracts may impact revenue.
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Majority revenues are derived from the Corporate Promoter, JNK Global and their experience and technology supports select projects.
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Availability and cost of raw materials may adversely affect the business.
Key Strategies
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Geographical expansion with a focus on high-growth markets.
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Enhance its diversified offerings including renewables.
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Pursue strategic investment, partnerships and acquisition opportunities.
JNK India Key Financials
Here are the key financials for JNK India Limited:
How to apply for IPO through ASBA
Kotak Neo
•04m 01s
How To Apply for JNK India Ltd IPO?
Here are the steps to apply for JNK India Ltd IPO:
Step 1: Log in to your Kotak Neo Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
JNK India IPO FAQs
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