₹ 14940 / 36 shares
Issue Date
23 Apr - 25 Apr'24
Investment/lot
₹ 14940
Price Range
395 - 415
Lot Size
36
IPO Size
₹ 649.47 Cr
Listing On
30 Apr'24
Issue Price
415
Listed Price
₹ 621
Retail Gain/Listing Gain
▲49.64%
JNK India manufactures process-fired heaters, reformers and cracking furnaces (heating equipment), required in process industries such as oil and gas refineries, petrochemical and fertiliser industries.
The company deals in thermal designing, engineering, manufacturing, supplying, installing and commissioning heating equipment, and caters to both domestic and overseas markets.
With that, let's take a look at the competitive strength and risk factors for JNK India Limited:
Established track record with a diverse customer base
Diversified product portfolio to cater to varied industries
Demonstrated financial performance
A significant portion of revenue comes from contracting customers. Any failure to obtain new contracts may impact revenue.
Majority revenues are derived from the Corporate Promoter, JNK Global and their experience and technology supports select projects.
Availability and cost of raw materials may adversely affect the business.
Geographical expansion with a focus on high-growth markets.
Enhance its diversified offerings including renewables.
Pursue strategic investment, partnerships and acquisition opportunities.
Here are the key financials for JNK India Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
Here are the steps to apply for JNK India Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
JNK India Ltd will list on 2024-04-30.
649.47 is the issue size of JNK India Ltd IPO.
The minimum lot size is 36 shares and the investment required is ₹14940.
The price band of JNK India Ltd IPO is ₹395 to ₹415.
You can read more about JNK India Ltd and its IPO from the company’s red herring prospectus (RHP) here.
The JNK India Limited IPO has an issue size of Rs. 649 crores. The IPO opens for subscription on 23rd April 2024 and closes on 25th April 2024.
Link Intime India Private Limited is the registrar for this IPO.
You may read more about JNK India Limited and its IPO from the company’s red herring prospectus (RHP) here: