JNK India IPO Date, Review, Price, Allotment Details

JNK India IPO Details: JNK India IPO date is fixed, the IPO is to hit the market on April 23. and will close on April 25. JNK India IPO to raise around ₹649.50 crores via IPO that comprises fresh issue of ₹300 crores and offer for sale up to 8,421,052 equity shares of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
JNK India IPO

Table of Contents

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)

  • Apply

Brokerage Firm IPO Review

  • Arihant Capital Markets: Apply
  • Choice Equity Broking: Apply
  • InCred Equities: Apply
  • Nirmal Bang: Apply
  • Reliance Securities: Apply
  • Swastika Investmart: Apply

JNK India IPO Date & Price Band Details

IPO Open:April 23, 2024
IPO Close:April 25, 2024
IPO Size:Approx ₹649.5 Crores
Fresh Issue:Approx ₹300 Crores
Offer for Sale:Approx 8,421,052 equity shares
Face Value:2 Per Equity Share
IPO Price Band:₹395 to ₹415 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

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.

ApplicationLot SizeSharesAmount
Retail Minimum136₹14,940
Retail Maximum13468₹194,220
S-HNI Minimum14504₹209,160
B-HNI Minimum682,412₹10,00,980

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.

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

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

  ₹ in Crores
YearRevenueExpensePAT
2021₹138.45₹115.65₹16.48
2022₹297.13₹249.31₹35.98
2023₹411.55₹348.83₹46.36
Dec 2023₹256.76₹196.07₹46.21

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.

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

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

What is JNK India IPO?

JNK India IPO is a main-board IPO. They are going to raise ₹649.5 Crores via IPO. The issue is priced at ₹395 to ₹415 pr equity share. The IPO is to be listed on BSE & NSE.

When JNK India IPO will open?

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

What is JNK India IPO Investors Portion?

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

How to Apply the JNK India IPO?

You can apply for JNK India 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 the JNK India IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “JNK India”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the JNK India IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “JNK India”. Click on 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 Upstox.

How to Apply the JNK India IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “JNK India”. Click on 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 Paytm Money.

What is JNK India IPO Size?

JNK India IPO size is ₹649.5 crores.

What is JNK India IPO Price Band?

JNK India IPO Price Band is ₹395 to ₹415.

What is the JNK India IPO Allotment Date?

JNK India IPO allotment date is April 26, 2024.

What is the JNK India IPO Listing Date?

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

Note: The JNK India IPO price band and date are officially announced. The IPO grey market premium (JNK India IPO Premium) will be added to the IPO grey market page as it will start).

Share the Post:
Facebook
Twitter
LinkedIn

Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.


OPEN DEMAT ACCOUNT