JNK India Limited
Book Built Issue IPO · BSE
- Price band
- ₹395 - ₹415
- Lot size
- 36 shares
- Issue amount
- ₹649.47 cr
- Total subscription
- 28.39×
- Opens
- 23 Apr 2024
- Closes
- 25 Apr 2024
- Allotment
- 26 Apr 2024
- Listing
- 30 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 1,60,15,988 shares
- Face value
- ₹2 per share
- Minimum investment
- ₹12,564
- Fresh issue
- ₹300 cr
- Offer for sale
- ₹349.47 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹14,940
- Issue type
- Book Built Issue IPO
- Shares before issue
- 4,83,92,000
- Shares after issue
- 5,59,86,936
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 36 | ₹14,940 |
| sHNI | 14 | 504 | ₹2,09,160 |
| bHNI | 67 | 2,412 | ₹10,00,980 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 129.89 | 9,663.43 |
| RETAIL | 227.32 | 933.25 |
| HNIs 2+ | 32.47 | 510.82 |
| HNIs 10+ | 64.95 | 1,801.3 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 9.49 | 9.51 | 7.5 |
| ROE | 31.79 | 47.71 | 66.03 |
| ROCE | 34.73 | 57.17 | 83.25 |
| RONW | 31.79 | 47.71 | 66.03 |
| PRE IPO(PE) | 11.92 | 0 | 0 |
| POST IPO(PE) | 43.32 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
JNK India Limited, founded in 2010, specializes in designing, manufacturing, and installing industrial heating systems like process-fired heaters, reformers, and cracking furnaces. The company operates in India and globally, with completed projects in states like Maharashtra, Tamil Nadu, and West Bengal, as well as in Nigeria and Mexico. Serving top clients like Indian Oil Corporation and Tata Projects, JNK India ensures high-quality manufacturing, either in-house or through trusted vendors. Its Mundra facility in Gujarat, dedicated to exports, has a 5,000 metric tonne annual capacity. With 192 permanent employees (as of March 2023), JNK India remains committed to delivering reliable solutions and maintaining industry excellence.
Strengths
- Strong Reputation & Happy Clients: With over a decade of experience , JNK India has built a trusted name by successfully completing projects in India and abroad , serving a wide range of clients .
- Quick to Adapt & Grow: The company stays ahead by embracing new industry trends and technologies , helping it seize new opportunities and stay competitive .
- Diverse Product Range for Stability: By offering more than just core products , JNK India reduces risks and opens doors to new markets and long-term growth .
Risk factors
- Heavy Dependence on Parent Company: JNK India relies a lot on its corporate promoter, JNK Global, for both revenue and technology support . Any disruption in this partnership could affect operations and financial stability .
- Industry Slowdowns Can Hurt Business: Since the company’s success depends on big industries like oil, gas, and petrochemicals , any slowdown in these sectors could reduce demand for its services and impact earnings.
- Outsourcing Risks: By outsourcing fabrication , JNK India keeps costs low but faces risks like quality issues, supply chain delays, and project disruptions , which could affect profitability .
Promoters
Mascot Capital and Marketing Pvt. Ltd.
JNK Heaters Co. Ltd
Arvind Kamath
Gaoutam Rampelli
Dipak Kacharulal Bharuka
Registrar & documents
Lead manager
IIFL Capital Services Limited, ICICI Securities Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Unit No. 203, 204, 205 & 206, Opposite TMC Office Centrum IT Park, Thane-West Thane - 400604
+91-22 6885 8000
[email protected]Company website ↗Understanding JNKINDIA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.