JNK India will go public through an initial public offering IPO) next week on 23 April 2024. The company engages in the business of heating equipment, flares, incinerators, and others. Interested investors can read the article for detailed information about the upcoming JNK India IPO.
JNK India IPO Details
JNK India Limited designs, manufactures, supplies, commissions, and installs process-fired heaters, cracking furnaces, and reformers.Â
Now, the company is going for IPO on 23 April 2024 with a fresh issue of ₹300 crore and an offer for sale (OFS) in the issue of up to 8,421,052 equity shares. The company is going for a Book Built issue under Regulations 6(1) of SEBI Regulations 2018.
The price band or floor price of the JNK India IPO will be announced soon. The face value of the JNK India Limited equity shares is ₹2 each.Â
JNK India plans to list the shares after the IPO issue on the BSE National Stock Exchange. Â
The registrar of the JNK India IPO issue is Link Intime India Private Limited and the book-running lead managers of JNK India are ICICI Securities Limited and IIFL Securities Limited.Â
The promoters ( Goutam Rampelli, Milind Joshi, Mascot Capital, and Marketing Private Limited, JNK Global Co. Ltd) shareholding pre-issue of 48,392,000 shares.Â
JNK India Limited aims to raise funds from the IPO issue to meet the working capital requirement and fulfill general corporate purposes.Â
| Company | JNK India Limited |
| IPO Type | Book Built Issue |
| Face Value | ₹2 per equity share |
| OFS | 8421052 shares (matches up to ₹ [.] million) |
| Listing at | BSE NSE |
| Shares holding Pre issue | 48,392,000 |
JNK India IPO DatesÂ
JNK India IPO will open for subscription for investors from 23 April 2024 to 25 April 2024. The allotment of the IPO shares will commence on 26 April 2024.
The refund initiation for the subscribed shares that did not get allotted to you during the allotment of shares will be processed from 29 April 2024.Â
The company expects to list the shares after the issue on 30 April 2024. The credit of shares to your Demat account will be processed on 29 April 2024. Investors can mark the following dates of the JNK India IPO Dates:
| Date | JNK India IPO Events |
| 23 April 2024 | IPO Opens |
| 25 April 2024 | IPO closes |
| 26 April 2024 | Allotment of IPO |
| 29 April 2024 | Refund Initiation |
| 30 April 2024 | Listing Date |
| 25 April 2024 | UPI Mandate Confirmation |
JNK India IPO Reservation and Lot Size
JNK India Limited has categorized the shares offered to the following investor category for the upcoming IPO issue:
| Investor Category | Shares Offered |
| Qualified Institutional Buyers | Not exceeding 50% of the issue shares |
| Retail Investors | Not less than 35% of the issue shares |
| Non-Institutional Investors (HNI) | Not less than 15% of the issue shares |
The investors can bid for the JNK India IPO in a minimum and maximum investment as per the investor category. The minimum lot size of the JNK India IPO is yet to be announced officially.
JNK India Limited Financial InformationÂ
As mentioned earlier, JNK India engages in the business of heating equipment like reformers, fire heaters, etc. which is necessary for process industries, such as petrochemical, fertilizer, and oil & gas refineries.Â
JNK India serves both international and domestic markets and they have increased their revenue by 38.5% and PAT hiked to 28,84% for the FY 2023-2022. The financial information of JNK India and its peers ( Thermax Ltd. and Bharat Heavy Electricals Ltd.) are consolidated.
Here’s the financial statement of JNK India in the IPO prospectus of the company for the FY 2023-2022:
| Financial Indicators | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Revenue | 256.76 | 411.55 | 297.14 |
| Net Worth | 168.56 | 122.17 | 72.18 |
| PAT | 46.21 | 46.36 | 35.98 |
| Assets | 453.39 | 337.78 | 268.32 |
| Total Borrowing | 56.73 | 33.76 | 5.99 |
| Reserves and Surplus | 158.88 | 112.57 | 62.57 |
The market capitalization of the JNK India IPO will be announced soon. Investors can bid for the JNK India IPO from 23 April 2024 for long-term investment. You must research JNK India thoroughly to make a well-informed investment decision.Â