₹ 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
₹ 621
Retail Gain/Listing Gain
▲49.64%
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
As of December 31, 2023, the company has served 21 clients in India and 8 clients overseas. Some of its domestic customers include Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited and Numaligarh Refinery Limited. The company has also catered to overseas customers such as a leading oil & gas exploration company in Oman, along with a Middle East arm of a European EPC company in oil and gas. Additionally, the company has been awarded incentives by their clients for completing projects ahead of schedule, both in India and abroad, as well as certifications for “Safety Compliance and Campaign Performance.”
Diversified product portfolio to cater to varied industries
The company receives orders from both domestic and international oil and gas refining, petrochemical, and fertilizer companies. Its diverse customer base has facilitated market expansion and enhanced profitability. The company's customers primarily hail from the oil and gas, petrochemical, and fertilizer industries, and they have recently diversified into waste gas handling systems, which include flares and incinerator systems.
Demonstrated financial performance
During Fiscals 2021 to 2023, the company experienced a CAGR of 71.97% in revenue from operations, 68.09% in EBITDA, and 67.75% in profit after tax. These figures reflect a notable growth trajectory in the company's financial performance over the past few years.
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
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.
JNK India Ltd IPO FAQs
When is JNK India Ltd IPO listing date?
JNK India Ltd will list on 2024-04-30.
What is the issue size of JNK India Ltd IPO?
649.47 is the issue size of JNK India Ltd IPO.
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:
