₹ 14940 / 36 shares
IPO Details
RHP/DRHPIssue Date
23 Apr - 25 Apr'24
Investment/lot
₹ 14940
Price Range
395 - 415
Lot Size
36
IPO Size
₹ 649.47 cr
IPO Listing Details
Listing On
30 Apr'24
Issue Price
415
Listed Price
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Retail Gain/Listing Gain
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IPO Timeline
Company Background
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:
Competitive Strengths
Established track record with a diverse customer base
Diversified product portfolio to cater to varied industries
Demonstrated financial performance
Risk Factors
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A significant portion of revenue comes from contracting customers. Any failure to obtain new contracts may impact revenue.
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Majority revenues are derived from the Corporate Promoter, JNK Global and their experience and technology supports select projects.
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Availability and cost of raw materials may adversely affect the business.
Key Strategies
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Geographical expansion with a focus on high-growth markets.
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Enhance its diversified offerings including renewables.
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Pursue strategic investment, partnerships and acquisition opportunities.
JNK India Key Financials
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
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
How to apply for an IPO using UPI
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.
How To Apply for JNK India Ltd 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.
Top JNK India Ltd IPO FAQs
What is the minimum lot size required for JNK India Ltd IPO?
The minimum lot size is 36 shares and the investment required is ₹14940.
What is the price band of the JNK India Ltd IPO?
The price band of JNK India Ltd IPO is ₹395 to ₹415.
Where can I read more about JNK India Ltd business?
You can read more about JNK India Ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the JNK India Limited IPO?
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.
Who is the Registrar for JNK India Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
Where can I read more about JNK India Limited’s business?
You may read more about JNK India Limited and its IPO from the company’s red herring prospectus (RHP) here:
