JNK India Ltd

Capital Goods-Non Electrical Equipment

Offer Period :

23rd to 4th Apr 2024

Established in 2010, JNK India Ltd, a joint venture with JNK Heaters Co. Ltd, Seoul, specializes in EPC services for Petrochemical, Oil & Gas sectors. They've executed projects across India Read more... and globally in Mexico and Nigeria, with ongoing ventures in various Indian states and overseas locations.Read less

JNK India Ltd IPO Details

IPO Date 23rd to 4th Apr 2024 Minimum Investment ₹14940 / 1 Lots
Listing Date 2024-04-30 Maximum Investment ₹194220 / 13 Lots
Face Value ₹2 per share Total Issue Size ₹649.47 Crores
Price ₹415 to ₹415 per share Fresh Issue ₹300 Crores
Lot Size 1 Lots (36 Shares) Offer For Sale ₹ 349.47
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 23rd to 4th Apr 2024
Listing Date 2024-04-30
Face Value ₹2 per share
Price ₹415 to ₹415 per share
Lot Size 1 Lots (36 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14940 / 1 Lots
Maximum Investment ₹194220 / 13 Lots
Total Issue Size ₹649.47 Crores
Fresh Issue ₹300 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

23rd Apr

IPO Starts

25th Apr

IPO Ends

26th Apr

Allotment Date

29th Apr

Initiation of Refund

29th Apr

Credit of Shares to Demat Account

30th Apr

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 94.56 0
Public Group 5.44 100

JNK India Ltd IPO Reservation

QIB Shares Offered 3129994(20%)
NII (HNI) Shares Offered 2347495(15%)
Retail Shares Offered 5477489(35%)
Anchor Investor Shares Offered 4694990(30%)
Total Shares Offered 15649968
Total Shares With Anchor Investor 15649968

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

JNK India Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 810 811 4949
Email Id jnkindia.ipo@linkintime.co.in
Our Website www.linkintime.co.in

JNK India Ltd IPO Lead Manager

1. IIFL Securities Ltd

2. ICICI Securities Ltd

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JNK India Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of JNK India Ltd

1. Established track record with a diverse customer base.

2. Well-positioned to capture industry tailwinds through its demonstrated capabilities over time.

3. Diversifying product portfolio to cater to varied industries.

4. Demonstrated financial performance with a robust Order Book reflecting revenue visibility for last three Fiscals.

5. Skilled and experienced Promoters and management team with committed employee base.

Risks Involved

1. The company derives a significant portion of its revenue from orders which are contracted to the company by Contracting Customers, any failure to obtain new contracts may impact its revenue from operations, cash flows and financial conditions materially and adversely.

2. The number of orders the company has received in the past, the company current Order Book and its growth rate may not be indicative of the number of orders the company will receive in future. The order wins and any delays in execution of its orders expose it to time and cost overruns and variability in revenue, materially and adversely impacting the company revenue from operations, cash flows and financial conditions.

3. The company is unable to trace some of the historical records and there have been certain instances of regulatory non-compliances in the past. Its may be subject to regulatory actions and penalties for any such past or future non- compliance or delays and its business, financial condition and reputation may be adversely affected.

4. The company has derived majority of its revenues from its Corporate Promoter, JNK Global and use their experience and technology support for select projects. Any kind of dissociation with JNK Global may have an adverse impact on its business, results of operations and cash flows.

5. Availability and cost of raw materials may adversely affect its business, results of operations, financial condition and cash flows. Also, the company does not enter into any long-term contracts with its suppliers.

6. Any downside in the capital expenditure of oil and gas, petrochemical and fertilizers industry would create an adverse impact on its revenue from operations, cash flows and financial conditions.

7. The company derives a majority portion of its revenues from sales of Heating Equipment. Loss or decline in the demand of such Heating Equipment may result in an adverse effect on its business, revenue from operations and financial condition.

8. The company is subject to various laws and regulations, including environmental and health and safety laws and regulations. If the company fail to obtain, maintain or renew the licenses, permits and approvals required to operate its business, or fail to comply with applicable laws, its business, results of operations and financial condition may be adversely affected.

9. The company is an asset light Company wherein its outsource its fabrication process to third-party fabricators for most of the company projects which presents numerous risks.

10. Its market capitalization to revenue from operations multiple, market capitalization to tangible assets multiple and enterprise value to EBITDA multiple at the Offer Price may not be indicative of the market price of its Equity Shares on listing or thereafter.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 337.77 268.32 125.12
Total Liabilities 337.77 268.32 125.12
Total Expenses 348.83 249.31 115.65
Total Revenue 
411.55 297.14 138.45
Profit After Tax 46.36 35.98 16.48
EBITDA 73.5 54.58 26.01
Adjusted EBITDA 0 0 0

JNK India Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-04-30 544167 JNKINDIA
INE0OAF01028
₹415 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹415 ₹415
Open ₹620 ₹621
Low ₹620 ₹621
High ₹712 ₹712
Low ₹620 ₹621

Frequently Asked Questions

What is JNK India Ltd IPO?

Answer Field

JNK India Ltd IPO is a Mainboard IPO of 1,56,49,968 equity shares of a face value of ₹2 aggregating up to ₹649.47 Crores. The issue is priced at ₹415 to ₹415 per share. The minimum order quantity is 36 Shares. The IPO opens on April 23, 2024, and closes on April 25, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When JNK India Ltd IPO will open?

Answer Field

The JNK India Ltd IPO opens on April 23, 2024 and closes on April 25, 2024.

What is the lot size of JNK India Ltd?

Answer Field

JNK India Ltd lot size is 36 shares, and the minimum amount required is ₹14,940.

How to apply for JNK India Ltd IPO?

Answer Field

You can apply in JNK India Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is JNK India Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for JNK India Ltd IPO will be done on April 26, 2024, and the allotted shares will be credited to your demat account by April 29, 2024.

When is JNK India Ltd IPO listing date?

Answer Field

The JNK India Ltd listing date is April 30, 2024.

Who is the registrar of JNK India Ltd IPO?

Answer Field

The registrar of JNK India Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

IIFL Securities Ltd,ICICI Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of JNK India Ltd IPO?

Answer Field

The fresh issue size is ₹300 Crores equity shares.

What minimum lot size can retail subscribers subscribe to JNK India Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 36 shares and ₹14,940 amount.

How can I approve the UPI mandate request for JNK India Ltd IPO?

Answer Field

To apply for JNK India Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of JNK India Ltd?

Answer Field

The price of each JNK India Ltd share will be ranging in between ₹415 to ₹415 per share.

What is the cut-off time for the UPI mandate for JNK India Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, April 25, 2024.

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