JNK India IPO Date, Review, Price, Allotment Details

JNK India IPO is opening for subscription on April 23, 2024, and closing on April 25, 2024. This Mainboard IPO aims to raise ₹649.47 crores, which comprises fresh issues of ₹300 crores and offer for sale up to ₹349.50 crores or 8,421,052 equity shares, each with a face value of ₹2. The price band for the JNK India IPO is fixed at ₹395 – ₹415 Per Share, with a market lot of 36 Shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). JNK India IPO Allotment will done on April 26, 2024, and JNK India IPO listing date is April 30, 2024.

 

JNK India Company Profile

JNK India is a prominent player in the heating equipment industry in India, boasting significant capabilities in thermal designing, engineering, manufacturing, supplying, installing, and commissioning process-fired heaters, reformers, and cracking furnaces. With a market share of around 27% in the Indian heating equipment market in terms of new order booking in Fiscal 2023, the company has established itself as a leader in this sector.

 

JNK India IPO GMP

 

JNK India IPO Objectives

The funds raised through the IPO will be utilized for:

1. Working capital requirements.
2. General corporate purposes.

 

JNK India IPO Key Details

• JNK India IPO Open Date: April 23, 2024
• JNK India IPO Close Date: April 25, 2024
• JNK India IPO Size: Approximately ₹649.47 crores, 8,421,052 Equity Shares
• Face Value: ₹2 Per Equity Share
• JNK India IPO Price Band: ₹395 – ₹415 Per Equity Share
• JNK India IPO Listing on: NSE & BSE
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

JNK India IPO Timeline

• JNK India IPO Open Date: April 23, 2024
• JNK India IPO Close Date: April 25, 2024
• Basis of Allotment: April 26, 2024
• Refunds: April 29, 2024
• Credit to Demat Account: April 29, 2024
• JNK India IPO Listing Date: April 30, 2024

 

How to Apply for JNK India IPO

Investors can apply for the JNK India IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

JNK India Financial Performance (in Crores)

• Year 2021: Revenue ₹138.45, Expense ₹115.65, PAT ₹16.48
• Year 2022: Revenue ₹297.13, Expense ₹249.31, PAT ₹35.98
• Year 2023: Revenue ₹411.55, Expense ₹348.83, PAT ₹46.36
• Dec 2023: Revenue ₹256.76, Expense ₹196.07, PAT ₹46.21

 

JNK India Valuation FY2023

• Earning Per Share (EPS): ₹9.66 per Equity Share
• Price/Earning P/E Ratio: N/A
• Return on Net Worth (RoNW): 47.71%
• Net Asset Value (NAV): ₹25.45 per Equity Share

 

JNK India Peer Group

• Thermax Limited
• Bharat Heavy Electricals Limited*

 

JNK India Company Promoters

• Mascot Capital and Marketing Pvt. Ltd
• JNK Heaters Co. Ltd
• Arvind Kamath
• Gaoutam Rampelli
• Dipak Kacharulal Bharuka

 

JNK India IPO Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: jnk.ipo@icicisecurities.com

 

JNK India IPO Allotment Status Check

• Check the JNK India IPO allotment status on the Link Intime India website.

 

JNK India IPO Allotment Link

• Check the JNK India IPO allotment on the ipogmp.org website.

 

JNK India IPO Lead Managers (Merchant Bankers)

• ICICI Securities Limited
• Iifl Securities Ltd

 

JNK India Company Address

Unit No. 203, 204, 205 & 206, Opposite. TMC Office Centrum IT Park,
Near Satkar Hotel, Thane – West,
Thane, Maharashtra- 400 604 India
Website: http://www.jnkindia.com/
Phone: +91-22 6885 8000
Email: compliance@jnkindia.com

 

JNK India IPO FAQs

What is JNK India IPO?

JNK India IPO is a Mainboard IPO. They are going to raise ₹649.47 crores via IPO. The issue is priced at ₹395 – ₹415 Per equity share. The IPO is to be listed on NSE & BSE.

 

When will the JNK India IPO open?

The IPO is to open on April 23, 2024, for NII, and Retail Investors.

 

What is JNK India IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the JNK India IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply JNK India IPO through Zerodha?

For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.

 

How to Apply the JNK India IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the JNK India IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is JNK India IPO Size?

JNK India IPO size is ₹649.47 crores.

 

What is JNK India IPO Price Band?

JNK India IPO Price Band is ₹395 – ₹415 Per equity share.

 

What is JNK India IPO Minimum and Maximum Lot Size?

The IPO bid is 36 Shares with ₹14,940.

 

What is JNK India IPO Allotment Date?

JNK India IPO allotment date is April 26, 2024.

 

What is JNK India IPO Listing Date?

JNK India IPO listing date is April 30, 2024. The IPO to list on NSE & BSE.