JNK India IPO Details Today: JNK India IPO is Open on 23 April 2024 and Close on 25 April 2024. JNK India IPO to Raise [.] shares (Apporx ₹ [.] Cr) via IPO. The Fresh Issue of [.] shares (Apporx ₹300 Cr).
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ToggleJNK India incorporated in 2010 one of the leading Heating Equipment companies in India in terms of new order booking between Fiscal 2021 to Fiscal 2023 and have Capabilities in Thermal designing, engineering, manufacturing, supplying, installing and Commissioning process fired heaters, reformers and Cracking Furnaces.
We are one of the well-recognized process fired heater companies in India, having a market share of approximately 27% in the Indian Heating Equipment market, in terms of new order booking in Fiscal 2023.
A process fired heater is a type of industrial heater used to heat fluids or gases directly by burning a fuel source such as natural gas or propane. Reformers are devices used to convert hydrocarbons, such as natural gas or naphtha, into synthesis gas or syngas, which is a mixture of hydrogen and carbon monoxide. Further, cracking furnaces are used to break down large hydrocarbon molecules into smaller ones, which can then be used to produce 152 a variety of products, including fuels, chemicals, and plastics.
The process of breaking down hydrocarbons is known as cracking, and it typically involves heating the hydrocarbon feedstock in the presence of a catalyst.
The process fired heaters, reformers and cracking furnaces (together, the “Heating Equipment”) are required in process industries such as oil and gas refineries, petrochemicals, fertilizers, hydrogen and methanol plants etc.
we have completed projects in, amongst others, Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, West Bengal and globally have completed projects in Nigeria and Mexico.
we have ongoing projects in Gujarat, Odisha, Haryana, Rajasthan in India and globally in Oman, Algeria, and Lithuania. Further, we have successfully completed projects .
our domestic Customers Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited and Numaligarh Refinery Limited.
JNK India IPO Date & Price Band Details
IPO Open Date
23 April 2024
IPO Close Date
25 April 2024
IPO Size
16,015,988 shares (Approx ₹649.47 Cr)
Fresh Issue
16,015,988 shares (Approx ₹649.47 Cr)
Lot Size
36 Shares
IPO Face Value
₹10 Per Equity Share"
IPO Price Band
₹395 ₹415 to Per Every Share
IPO Listing On
NSE & BSE
IPO Retail Quota
35%
IPO QIB Quota
50%
IPO NII Quota
15%
DRHP Draft
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Anchor Investor
Click Here
JNK India IPO Market Lot Details
Application
Lot Size
Shares
Amount
Retail Minimum
1
36
₹14,940
Retail Maximum
13
468
₹194,220
S-HNI Minimum
14
504
₹209,160
S-HNI Maximum
66
2376
₹986,040
B-HNI Minimum
67
2412
₹1,000,980
Objects of Issue
- Funding working capital requirements.
- General corporate purposes.
JNK India IPO Allotment & Listing Date (Details)
IPO Open Date
23 April 2024
IPO Close Date
25 April 2024
Basis of Allotment
26 April 2024
Refunds
29 April 2024
Credit to Demat Account
29 April 2024
IPO Listing Date
30 April 2024
JNK India Financial Reports
₹ in Crores
Year
Revenue
Expense
PAT
Dec 2023
₹256.76
₹196.07
₹46.21
2023
₹411.55
₹348.83
₹46.36
2022
₹297.13
₹249.31
₹35.98
2021
₹138.45
₹115.65
₹16.48
Our Company Promoter
- Arvind Kamath
- Goutam Rampelli
- Dipak Kacharulal Bharuka
- Mascot Capital
- JNK Heaters
Qualitative Factors
- Market leader of process fired heaters in India with established track record.
- Well-positioned to capture industry tailwinds through our demonstrated capabilities over time.
- Diversifying product portfolio to cater to varied industries.
- Demonstrated financial performance with a robust Order Book reflecting revenue visibility.
- Skilled and experienced Promoters and management team with committed employee base.
JNK India Comparison Listed Industry Peers Group
Company Name
Face Value
EPS
P/E Ratio
Ro NW (%)
NAV Per
Revenue (₹ in Lakhs)
JNK India
Limited
2.00
9.66
N/A
47.71
25.45
4,073.02
Peer Group
Thermax
Limited*
2.00
39.98
62.88
12.24
324.62
80,898.10
Comparison with Industry Peers
- JNK India Limited
- Thermax Limited
JNK India Company Contact Details
Unit No. 203, 204, 205 & 206
Opposite TMC Office
Centrum IT Park
Near Satkar Hotel Thane -West
Thane 400 604
Maharashtra, India
Tel: + 91 22 6885 8000
Email: compliance@jnkindia.com
Website : www.jnkindia.com
JNK India IPO Registar
Link Intime India Private Limited
C-101, 1stFloor
247 Park, L.B.S. Marg
Vikhroli WestMumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
Email: olaelectric.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance ID: olaelectric.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
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