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IPO Status: Closed [23rd Apr 2024 to 25th Apr 2024]
JNK India IPO, a Mainline IPO of ₹649.47 Cr opens for subscription from 23-04-2024 to 25-04-2024. The IPO consists of ₹300.00 Cr fresh issue and ₹349.47 Cr offer for sale.
The face value is Rs 2 and the price band is fixed at 395.00-415.00 per share. You can apply to the JNK India Mainline IPO for a minimum lot of 36 shares amounting of Rs 14940.
The tentative listing date on the exchange (BSE, NSE) is 30-04-2024.Stay tuned with us to get more details about JNK India Mainline IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| IPO Issue Opening Date: | 23rd Apr 2024 |
| IPO Issue Closing Date: | 25th Apr 2024 |
| IPO Issue Price: | ₹395.00-415.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹649.47 Cr |
| Offer for Sale: | ₹349.47 Cr |
| Fresh Issue: | ₹300.00 Cr |
| Face Value: | ₹2 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 94.56% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 544167 |
| NSE Code: | JNKINDIA |
Get important updates regarding JNK India IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 26th Apr 2024 |
| Refunds Initiation* | 29th Apr 2024 |
| Credit of Shares to Demat* | 29th Apr 2024 |
| IPO Listing Date* | 30th Apr 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹395.00-415.00 |
| Market Lot: | 36 Shares |
| 1 Lot Amount: | ₹14940 |
| Min Small HNI Lots(2-10 Lakh): | 504 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 2412 shares (67 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 29-04-2024 | 415.00 | 130 | 3600/50400 | ₹545 (31.33%) | 30-Apr-2024 0:32 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
JNK India Limited was incorporated in June 2010 and is one of the leading heating equipment companies in India in terms of order inflow between FY 2021 and FY 2023. The company has expertise in thermal design, engineering, manufacturing, supply, installation and commissioning of process fired heaters, reformers and cracking furnaces. The company's business model involves working with its customers from initial consultation, specification and design to final installation of heating systems.
In India, the company has completed projects in Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu and West Bengal, among others. Further projects are underway in Gujarat, Odisha, Haryana and Rajasthan in India and worldwide in Oman, Algeria and Lithuania.
The company currently produces process-fired heaters for oil and gas refineries as well as the petrochemical industry. In response to the growing demand for flaring and combustion systems both domestically and overseas, caused by stricter emission control regulations, the company has expanded its product line to include flaring and combustion systems.
The company is also working on building renewable energy capacity with green hydrogen. The company is working on building renewable energy capacity with on-site hydrogen production, hydrogen refuelling stations and solar photovoltaic –EPC (“Solar PV-EPC”), which are part of the green hydrogen value chain.
| Incorporation | Sector | IPO Issue Size | Website |
| 2010 | Heavy Electrical Equipment | ₹649.47 Cr | http://www.jnkindia.com/ |
The company intends to use the net proceeds from the issue to finance the following objects:
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 3,129,903 (28.57%) | 2,347,497 (21.43%) | 5,477,489 (50%) | 10,954,889 | |
| 1 | 23rd Apr 2024 19:04 | 0.66x | 0.26x | 0.52x | 0.50x |
| 2 | 24th Apr 2024 19:04 | 0.67x | 1.28x | 1.17x | 1.05x |
| 3 | 25th Apr 2024 19:04 | 74.40x | 23.80x | 4.20x | 28.46x |
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 | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| JNK India Limited | 9.66 | 9.51 | 25.45 | 47.71 | Consolidated | |
| Thermax Ltd. | 39.98 | 39.98 | 343.67 | 112.9 | 12.24 | Consolidated |
| Bharat Heavy Electricals Ltd. | 1.37 | 1.37 | 77.05 | 186.02 | 1.79 | Consolidated |
Last Updated on 30-Apr-2024 00:32:51
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase JNK India IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply JNK India IPO with Zerodha.
Alternate approch to apply in JNK India IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
JNK India IPO Review and Important Updates
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To subscribe or apply in JNK India IPO, you can use the following methods:
| JNK India IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in JNK India IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in JNK India IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in JNK India IPO. Most of the Syndicate Banks provide access to apply in JNK India IPO via ASBA process. You must have your net banking access, DP ID information to apply in JNK India IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in JNK India IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
JNK India IPO Review and Important Updates
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Applying in JNK India IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download JNK India IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply JNK India IPO, please refer article >> Link
JNK India IPO Review and Important Updates
Steps to download the online application form for JNK India IPO
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JNK India IPO is going to be list on 30-04-2024. NSE Code for JNK India is JNKINDIA. BSE Code for JNK India is 544167.
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JNK India IPO Allotment Date is 26-04-2024.
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