Nisus Finance Services Co Limited IPO...
02 Dec 2024
JNK India Limited IPO
JNK India specializes in manufacturing "Heating Equipments," such as reformers, cracking furnaces, and process-fired heaters. JNK India IPO is a book built issue of Rs 649.47 crores. The issue is a combination of fresh issue of 0.76 crore shares and its IPO price band is set at ₹395 to ₹415 per share. Iifl Securities Ltd and ICICI Securities Limited are the book running lead managers of the JNK India IPO, while Link Intime India Private Ltd is the registrar for the issue.
JNK India Limited IPO Overview
| Detail | Description |
|---|---|
| IPO Date | April 23, 2024 to April 25, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹395 to ₹415 per share |
| Lot Size | 36 Shares |
| Total Issue Size | 16,015,988 shares (aggregating up to ₹649.47 Cr) |
| Fresh Issue | 7,594,936 shares (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 FPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 48,392,000 |
| Share holding post issue | 55,986,936 |
JNK India IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Tuesday, April 23, 2024 |
| IPO Close Date | Thursday, April 25, 2024 |
| Basis of Allotment | Friday, April 26, 2024 |
| Initiation of Refunds | Monday, April 29, 2024 |
| Credit of Shares to Demat | Monday, April 29, 2024 |
| Listing Date | Tuesday, April 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 25, 2024 |
JNK India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
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 |
Company & Financials
JNK India specializes in manufacturing “Heating Equipments” such as cracking furnaces, reformers and process fired heaters that are required in process industries such as for oil and gas refineries, petrochemical and fertilizer industries. It has capabilities in thermal designing, engineering, manufacturing, supplying, installing and commissioning Heating Equipment and cater to both domestic and overseas market. The company is a niche player in Heating Equipment segment and it has marked steady growth in its top and bottom lines for the reported periods.The company has orders on hand worth Rs. 845 cr. as of December 31, 2023.
JNK India Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 453.39 | 337.78 | 268.32 | 125.12 | ||||||||||||||||||||||||||||||||||||
| Revenue | 256.76 | 411.55 | 297.14 | 138.45 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 46.21 | 46.36 | 35.98 | 16.48 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 168.56 | 122.17 | 72.18 | 36.82 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 158.88 | 112.57 | 62.58 | 36.22 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 56.73 | 33.76 | 5.99 | 8.95 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 31.79% |
| ROCE | 34.73% |
| Debt/Equity | 0.34 |
| RoNW | 31.79% |
| P/BV | 11.92 |
| PAT Margin (%) | 18.24 |
Objectives of the Issue
The company intends to use the net proceeds from the issue to finance the following objects:
- 1. Working capital requirements
2. General corporate purposes.
JNK India IPO review
The company has an order book worth Rs. 845 cr. as of December 31, 2023, that indicates the future prospects. Based on FY24 annualized earnings, the issue appears reasonably priced. Investors may park funds for the medium to long term rewards in this dividend paying company. Fluctuating financial ratios suggest the need for thorough due diligence before considering the IPO.
FAQs for JNK India IPO
-
Why JNK India IPO?
The initial public offer (IPO) of JNK India Limited offers an early investment opportunity in JNK India Limited. A stock market investor can buy JNK India IPO shares by applying in IPO before JNK India Limited shares get listed at the stock exchanges. An investor could invest in JNK India IPO for short term listing gain or a long term.
-
Is JNK India IPO good?
Our recommendation for JNK India IPO is to subscribe.
-
When will JNK India IPO allotment status?
The JNK India IPO allotment status will be available on or around April 26, 2024. The allotted shares will be credited in demat account by April 29, 2024.
-
When will JNK India IPO list?
The JNK India IPO list date is not yet available. The JNK India IPO is planned to list on April 30, 2024, at BSE, NSE.
-
Why JNK India IPO?
The initial public offer (IPO) of JNK India Limited offers an early investment opportunity in JNK India Limited. A stock market investor can buy JNK India IPO shares by applying in IPO before JNK India Limited shares get listed at the stock exchanges. An investor could invest in JNK India IPO for short term listing gain or a long term.
-
Is JNK India IPO good?
Our recommendation for JNK India IPO is to subscribe.
-
When will JNK India IPO allotment status?
The JNK India IPO allotment status will be available on or around April 26, 2024. The allotted shares will be credited in demat account by April 29, 2024.
-
When will JNK India IPO list?
The JNK India IPO list date is not yet available. The JNK India IPO is planned to list on April 30, 2024, at BSE, NSE.
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