JNK India IPO Details Today, GMP Price, Date, Review

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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). 

 

JNK 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 Click Here
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

  1. Funding working capital requirements.
  2. 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

  1. Arvind Kamath
  2. Goutam Rampelli
  3. Dipak Kacharulal Bharuka
  4. Mascot Capital
  5. 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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