JNK India IPO Date, Review, Price, Allotment Details

JNK India is one of the leading Heating Equipment companies in India in terms of new order booking between Fiscal 2021 to Fiscal 2023 and has capabilities in thermal designing, engineering, manufacturing, supplying, installing, and commissioning process-fired heaters, reformers, and cracking furnaces. (Source: F&S Report) They are one of the well-recognized process-fired heater companies in India, having a market share of approximately 27% in the Indian Heating Equipment market, in terms of new order booking in Fiscal 2023.

A process-fired heater is a type of industrial heater used to heat fluids or gases directly by burning a fuel source such as natural gas or propane. Reformers are devices used to convert hydrocarbons, such as natural gas or naphtha, into synthesis gas or syngas, which is a mixture of hydrogen and carbon monoxide. Further, cracking furnaces are used to break down large hydrocarbon molecules into smaller ones, which can then be used to produce a variety of products, including fuels, chemicals, and plastics. The process of breaking down hydrocarbons is known as cracking, and it typically involves heating the hydrocarbon feedstock in the presence of a catalyst. (Source: F&S Report) The process fired heaters, reformers, and cracking furnaces (together, the “Heating Equipment”) are required in process industries such as oil and gas refineries, petrochemicals, fertilizers, hydrogen and methanol plants etc

In India, they have completed projects in, amongst others, Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal, and globally have completed projects in Nigeria and Mexico. Further, they have ongoing projects in Gujarat, Odisha, Haryana, Rajasthan India, and globally in Oman, Algeria, and Lithuania. Further, they have completed projects that were based in far-reaching locations, which included their projects in India at Numaligarh, Assam; Kochi, Kerala; Barauni, Bihar; and overseas at Lagos, Nigeria.

Objects of the Issue

• Working capital requirements.
• General corporate purposes.

JNK India IPO Review (Apply or Not)

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JNK India IPO Date & Price Band Details

JNK India IPO Market Lot

The JNK India IPO minimum market lot is 36 shares with ₹14,940 application amount. The retail investors can apply up-to 13 lots with 468 shares or ₹194,220 amount.

JNK India IPO Allotment & Listing Dates

The JNK India IPO date is April 23 and the close date is April 25. The JNK India IPO allotment will be finalized on April 26 and the IPO listing on April 30.

You can check IPO subscription status and IPO allotment status on their respective pages.

JNK India IPO Form

How to apply for the JNK India IPO? You can apply for JNK India IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the JNK India IPO in the Invest section. The other option is you can apply for JNK India IPO via IPO forms downloaded via NSE and BSE. Check out the JNK India forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

JNK India Company Financial Report

JNK India IPO Valuation – FY2023

Check JNK India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Thermax Limited
• Bharat Heavy Electricals Limited*

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
Telephone: +91 810 811 4949
Email: [email protected]
Website: https://linkintime.co.in/

JNK India IPO Allotment Status Check

Check JNK India IPO allotment status on Linkintime website allotment URL. Click Here

JNK India IPO Lead Managers aka Merchant Bankers

• ICICI Securities Limited
• Iifl Securities Ltd 

Company Address

JNK India Limited
Unit No. 203, 204, 205 & 206,
Opposite TMC Office Centrum IT Park,
Satkar Hotel, Thane-West, Thane – 400604
Phone: +91-22 6885 8000
Email: [email protected]
Website: http://www.jnkindia.com/

JNK India IPO FAQs