JNK India Limited IPO is set to launch on 23 April, 2024. The company initiated its business operations in the year 2010. It is engaged in the business of manufacturing, designing, supplying, commissioning and installation of process fired heaters, cracking furnaces and reformers. The company has been doing projects domestically as well as internationally. It has done projects in Assam, Andhra Pradesh, Bihar, Maharashtra, Kerala, Karnataka, West Bengal and Tamil Nadu as well as in Mexico and Nigeria. The client list of the company includes Tata Projects Limited, Indian Oil Corporation, Numaligarh Refinery limited, Rashtriya Chemicals and Fertilisers Limited etc. The manufacturing facility of the company is located in Mundra with an area of 20243 Square metres and a capacity of 5000 metric tonnes. It has an employee base of 192 people.
JNK India Limited IPO DETAILS
JNK India Limited IPO is set to launch on 23 April, 2024. The subscription timeline extends till 25 April, 2024. The size for the IPO is 649.47 Crore Rs. Shares issued through fresh issue mode are worth Rs 300 Crore. Shares issued through offer for sale mode are worth Rs 349.47 Crore. The lot size is 36 shares and the price is 395 Rs to 415 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs. 2 and this is a Book Built issue IPO. The registrar for the company is Link Intime India Private Limited.
Tabular Description of JNK India Limited IPO
| IPO OPENING DATE | 23 April, 2024 |
| CLOSING DATE FOR IPO | 25 April, 2024 |
| ISSUE TYPE | Book Built Issue IPO |
| Face Value per share | 2 Rs. per share |
| IPO price band | 395 Rs. to 415 Rs. per share |
| LOT SIZE | 36 shares |
| MINIMUM ORDER QUANTITY | 36 shares |
| ISSUE SIZE | 649.47 Crore Rs. |
| OFFER FOR SALE | 349.47 Crore Rs. |
| FRESH ISSUE | 300 Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 30 April, 2024 |
JNK India Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 23 April, 2024 |
| CLOSING DATE FOR IPO | 25 April, 2024 |
| IPO ALLOTMENT DATE | 26 April, 2024 |
| REFUNDS | 29 April, 2024 |
| DEMAT A/C CREDITED ON | 29 April, 2024 |
| IPO LISTING DATE | 30 April, 2024 |
JNK India Limited IPO begins for subscription from 23 April, 2024. The IPO subscription would continue till 25 April, 2024. The allotment status for the shareholders who applied would come on 26 April, 2024. The refunds for the ones who did not get allotment would be initiated on 29 April, 2024. The DEMAT accounts of shareholders would be credited on 29 April, 2024. The listing of the company would be completed on 30 April, 2024.
JNK India Limited IPO : Lead Managers
The lead managers are :
- ICICI Securities Limited
- IIFL Securities Limited
The minimum lot size for the company is decided at 36 shares. This holding accounts to 14940 Rs.. The maximum lot size is decided at 468 shares. This amounts to 194220 Rs. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 36 shares | 14940 Rs. |
| Maximum | 468 shares | 194220 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 125 | 268 | 337 |
| Revenue | 138 | 297 | 411 |
| PAT | 16 | 35 | 46 |
JNK India Limited had an asset base of 125 Crore Rs in 2021 which increased to 268 Crore Rs in 2022. This increased to 337 crore rs in 2023. The revenue of the firm was 138 Crore rs in 2021 which increased to 297 Crore Rs in 2022 and 411 Crore Rs in 2023. The profit of the company was 16 Crore Rs in 2021 which increased to 35 Crore Rs in 2022 and 46 Crore Rs in 2023.
PROS
- The company has been doing projects domestically as well as internationally. It has done projects in Assam, Andhra Pradesh, Bihar, Maharashtra, Kerala, Karnataka, West Bengal and Tamil Nadu as well as in Mexico and Nigeria.
- The client list of the company includes Tata Projects Limited, Indian Oil Corporation, Numaligarh Refinery limited, Rashtriya Chemicals and Fertilisers Limited etc.
- The manufacturing facility of the company is located in Mundra with an area of 20243 Square metres and a capacity of 5000 metric tonnes.
- It has an employee base of 192 people.
JNK India Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the JNK India Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
