JNK India IPO

JNK India IPO

₹14,940 / 36 shares

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JNK India IPO Details

RHP/DRHP

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:

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

  • A significant portion of revenue comes from contracting customers. Any failure to obtain new contracts may impact revenue.

  • Majority revenues are derived from the Corporate Promoter, JNK Global and their experience and technology supports select projects.

  • Availability and cost of raw materials may adversely affect the business.

Key Strategies

  • Geographical expansion with a focus on high-growth markets.

  • Enhance its diversified offerings including renewables.

  • Pursue strategic investment, partnerships and acquisition opportunities.

Here are the key financials for JNK India Limited:

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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

The JNK India IPO opens for subscription from [-] to [-], with a total issue size of ₹649.47 Cr. The IPO price band is ₹395 to ₹415 per share with a lot size of 36. The company aims to list the shares on BSE & NSE on 30-04-2024.

The JNK India IPO will open for subscription on [-] and will close on [-] for investors.

The minimum lot size for the JNK India IPO is 36 equity shares, requiring a minimum investment of ₹14940 for retail investors applying in the IPO.

The price band of the JNK India IPO has been fixed at ₹395 to ₹415 per equity share.

You can apply for the JNK India IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

JNK India IPO allotment will take place on [-].

You can check the JNK India IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

JNK India shares will list on the stock exchanges on 30-04-2024.

You can find detailed information about the JNK India IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).

The JNK India Limited IPO has an issue size of Rs. 649 crores. The IPO opens for subscription on 23rd April 2024 and closes on 25th April 2024.

Link Intime India Private Limited is the registrar for this IPO.

You may read more about JNK India Limited and its IPO from the company’s red herring prospectus (RHP) here:

Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.

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