JNK India Limited IPO
₹395 - ₹415
36
28.46
| Open Date: | 23-Apr-2024 |
| Close Date: | 25-Apr-2024 |
| Allotment Date: | 26-Apr-2024 |
| Listing Date: | 30-Apr-2024 |
| Listing Price: | N/A |
| Face Value: | ₹2 Per Equity Share |
| Issue Price: | ₹395-415 Per Equity Share |
| Issue Size: | Total Issue Size 16,015,988 shares (aggregating up to ₹649.47 Cr) : Fresh Issue 7,594,936 shares (aggregating up to ₹300.00 Cr) : Offer for Sale 8,421,052 shares of ₹2 (aggregating up to ₹349.47 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,940 : S-HNI - ₹209,160 : B-HNI - ₹1,000,980 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 3,129,903 | 2,347,497 | 5,477,489 | 10,954,889 |
| Day 1 - 23-04-24 05:00 PM | 0.66x | 0.26x | 0.52x | 0.50x |
| Day 2 - 24-04-24 05:00 PM | 0.67x | 1.28x | 1.17x | 1.05x |
| Day 3 - 25-04-24 05:00 PM | 74.40x | 23.80x | 4.20x | 28.46x |
| Total No. of Application: | 421,188 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 2.77x | |||
| Earning Per Share(EPS) | ₹9.58/- |
| P/E Ratio | 43.32 |
| RoNW | 31.79% |
| Net Asset Value (NAV) - Post Issue: | ₹25.45/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Dec,2023 | 453.39 | 256.76 | 46.21 |
| 31 Mar,2023 | 337.78 | 411.55 | 46.36 |
| 31 Mar,2022 | 268.32 | 297.14 | 35.98 |
| 31 Mar,2021 | 125.12 | 138.45 | 16.48 |
| Pre Issue Share Holding | 94.56% |
| Post Issue Share Holding | N/A% |
| 1. Mascot Capital |
| 2. Marketing Pvt. Ltd., |
| 3. JNK Heaters Co. Ltd, |
| 4. Arvind Kamath, |
| 5. Gaoutam Rampelli, |
| 6. Dipak Kacharulal Bharuka |
The company intends to use the net proceeds from the issue to finance the following objects:
- Working capital requirements; and
- General corporate purposes.
JNK India Limited was incorporated in 2010 and is engaged in the design, manufacture, supply, installation, and commissioning of process-fired heaters, reformers and cracking furnaces.
The company has completed projects in Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu and West Bengal and has implemented projects globally, including in Nigeria and Mexico. As of March 31, 2023, the company has served over 17 clients in India and seven clients overseas. The domestic clients include Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited and Numaligarh Refinery Limited.
All products in JNK India Limited are manufactured as per the requirements of the customer and in accordance with the applicable standards. The manufacturing is done at the in-house manufacturing facilities and/or third-party vendors. One of the manufacturing facilities is located in the Multi-Product Special Economic Zone in Mundra, Gujarat, where production is exclusively for export. It is spread over an area of about 20,243 square metres with an installed capacity of 5,000 metric tonnes for manufacturing and modularization per annum.
As of March 31, 2023, the company had 192 permanent employees.
No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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