JNK INDIA LIMITED
₹ 395 - ₹ 415
23-Apr-2024 - 25-Apr-2024
₹ 14940.00

/ 36 Shares

JNK INDIA LIMITED

23-Apr-2024 - 25-Apr-2024

₹ 395 - ₹ 415

Price Band

₹ 14940.00

Minimum Investment

36

Bid Lot

15,649,967

Shares

IPO Details

Fresh Issue aggregating to Rs.300 Cr and Offer for Sale of 8,421,052 Equity Shares

Category % Shares/Amount
QIB 50% 7,824,892 Shares Rs. 324.74 Cr
HNI 1 5% 782,500 Shares Rs. 32.47 Cr @ 1553 Form 1X
HNI 2 10% 1,564,997 Shares Rs. 227.32 Cr @ 3105 Form 1X
Retail 35% 5,477,489 Shares Rs. 227.32 Cr @ 152152 Form 1X

BRLMs: IIFL Securities Ltd, ICICI Securities Ltd

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
152152 Form 1X 1553 Form 1X 3105 Form 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 36 ₹ 14,940
Retail (Upto 2 Lakh) 13 468 ₹ 194,220
S-HNI (2 Lakh to 10 Lakh) 14 504 ₹ 209,160
S-HNI (2 Lakh to 10 Lakh) 66 2376 ₹ 986,040
B-HNI (Above 10 Lakh) 67 2412 ₹ 1,000,980

IPO Timeline

  • Open Date

    23-Apr-2024

  • Close Date

    25-Apr-2024

  • Basis of Allotment Date

    26-Apr-2024

  • Initiation of Refunds

    29-Apr-2024

  • Credit Shares to Demat A/c

    30-Apr-2024

  • IPO Listing Date

    30-Apr-2024

Subscription as on
25-Apr-2024 16:55

Category Book Size Subscription No. of Times
QIB 3,129,993 ₹ 129.89 Cr. 232,853,724 ₹ 9663.43 Cr. 74.39x
HNI (<10 LAKH) 782,500 ₹ 32.47 Cr. 12,285,504 ₹ 509.85 Cr. 15.70x
HNI2 (>10 LAKH) 1,564,997 ₹ 64.95 Cr. 43,404,840 ₹ 1801.30 Cr. 27.73x
RETAIL 5,477,489 ₹ 227.32 Cr. 22,210,416 ₹ 921.73 Cr. 4.05x
Total 10,954,979 310,754,484 28.37x
Category Book Size Subscription No. of Times
QIB 3,129,993 ₹ 129.89 Cr. 232,853,724 ₹ 9663.43 Cr. 74.39x
HNI (<10 LAKH) 782,500 ₹ 32.47 Cr. 12,285,504 ₹ 509.85 Cr. 15.70x
HNI2 (>10 LAKH) 1,564,997 ₹ 64.95 Cr. 43,404,840 ₹ 1801.30 Cr. 27.73x
RETAIL 5,477,489 ₹ 227.32 Cr. 22,210,416 ₹ 921.73 Cr. 4.05x
Total 10,954,979 310,754,484 28.37x

*Excluding Anchor

Total No. of Application Approx : ~498289 (3.27 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • The Company was incorporated in June 2010 as "JNK India Pvt. Ltd". Subsequently on conversion into a public limited company the name was changed to "JNK India Ltd" in May 2023. JNK Global, a KOSDAQ listed company, is one of the Corporate Promoters, holding 25.79% in the company.
  • JNK India is in the business of manufacturing the process fired heaters, reformers, and cracking furnaces (together, the "Heating Equipment") that are required in process industries such as for oil and gas refineries, petrochemical and fertilizer industries.
  • The company has diversified into flares and incinerator systems and has been developing capabilities in the renewable sector with green hydrogen. As of December 31, 2023, the company has installed 1 Hydrogen Refueling Station (HRS), at Indian Oil R&D Centre, Faridabad, Haryana. Apart from HRS, the company has the capability to offer customized Solar PV systems of capabilities above 100KW and is in discussions with multiple prospective customers for systems cumulating to over 16 MW.
  • JNK India's business model involves collaboration with its customers, from the initial consultation, specification, and design stage to the final installation of the Heating Equipment.
  • JNK India's domestic customers include Indian Oil Corporation, Tata Projects, Rashtriya Chemicals & Fertilizers and Numaligarh Refinery, while its overseas customers include a leading EPC company in Europe, a leading oil & gas exploration & production company in Oman and a Middle East arm of European EPC company in oil and gas.
  • As of December 31, 2023, JNK India has served 29 customers including 21 in India and 8 overseas. Further, 7 out of the 12 oil refining companies in India, are its customers and the company has supplied or is in the process of supplying Heating Equipment to 11 of the 24 operating oil refineries across India.
  • The company's Order Book value was ? 845.03 Cr on December 31, 2023, out of which ? 729.20 Cr or 86.29% was from the Indian market and ? 115.83 Cr or 13.71% was from the overseas market. The company's Order Book to sales ratio has doubled from 1.04 times for Fiscal 2021 to 2.13 times for Fiscal 2023.
  • For Fiscals 2021 to 2023, the company's Revenue from Operations, EBITDA and Profit After Tax had grown at a CAGR of 71.97%, 68.09% and 67.75%, respectively, indicating growth in its financial performance in recent years.
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Strengths

Competitive Strength 

  • Established track record with a diverse customer base
  • Well-positioned to capture industry tailwinds through demonstrated capabilities over time
  • Diversifying product portfolio to cater to varied industries
  • Demonstrated financial performance with a robust Order Book reflecting revenue visibility for last three Fiscals
  • Skilled and experienced Promoters and management team with committed employee base

 Business Strategies 

  • Geographical expansion with focus on high growth markets to capitalise on the industry tailwinds
  • Enhance the diversified offerings including renewables
  • Pursue strategic investment, partnerships and acquisition opportunities and integrate them with business operation

Company Promoters

Arvind Kamath is the Promoter and the Chairperson & Whole Time Director of the company. Goutam Rampelli is the Promoter and the Whole Time Director of the Company. Dipak Kacharulal Bharuka is the Promoter, Whole Time Director & Chief Executive Officer of the company Bang Hee Kim is the Non-Executive Director of the Company. Balraj Kishor Namdeo is an Independent Director of the Company Sudha Bhushan is an Independent Director of the Company. Raman Govind Rajan is an Independent Director of

Company Financials

JNK India Limited Financial Information (Restated Consolidated)

JNK India Limited's revenue increased by 38.5% and profit after tax (PAT) rose by 28.84% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 31 Dec 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 453.39 337.78 268.32 125.12
Revenue 256.76 411.55 297.14 138.45
Profit After Tax 46.21 46.36 35.98 16.48
Net Worth 168.56 122.17 72.18 36.82
Reserves and Surplus 158.88 112.57 62.58 36.22
Total Borrowing 56.73 33.76 5.99 8.95
Amount in ? Crore

Objects of the Issue

The company intends to use the net proceeds from the issue to finance the following objects:

  1. Working capital requirements; and
  2. General corporate purposes.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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