The JNK India date has been confirmed from April 23, 2024 and closes on April 25, 2024.
JNK India IPO is a fixed price issue of Rs 300.00 crore. The price band is set at ₹395 to ₹415 per share. The minimum lot size for an application is 36 Shares. The minimum amount of investment required by retail investors is ₹14,940. The minimum lot size investment for sNII is 14 lots (504 shares), amounting to ₹209,160, and for bNII, it is 67 lots (2,412 shares), amounting to ₹1,000,980.
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Bidding Dates
April 23-25
Price Range
₹395 to ₹415 per share
Face Value
₹2 per share
GMP
₹130
JNK India IPO GMP
The JNK India IPO GMP is ₹130.
IPO Overview
JNK India’s IPO is a book-built issue. The offering consists of a fresh issue of Rs 300.00 crore and an offer for sale of 0.84 crore shares. The JNK India IPO will be open for subscriptions on April 23, 2024 and end on April 25, 2024. The allotment for the JNK India IPO is expected to be completed on Friday, April 26, 2024. JNK India IPO will float on the BSE and NSE, with a tentative listing date of Tuesday, April 30, 2024. JNK India IPO pricing bands are yet to be announced.
JNK India IPO Details
| IPO Date | April 23, 2024 to April 25, 2024 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price | ₹395.00-415.00 Per Share |
| Lot Size | |
| Total Issue Size | [.] shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹300.00 Cr) |
| Offer for Sale | 8,421,052 shares of ₹2 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 48,392,000 |
JNK India Limited Financial Information
| 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 | ||||
JNK India IPO Timeline
| IPO Open Date | Tuesday, April 23, 2024 |
| IPO Close Date | Thursday, April 25, 2024 |
| Basis of Allotment | Friday, April 26, 2024 |
| Initiation of Refunds | Monday, April 29, 2024 |
| Credit of Shares to Demat | Monday, April 29, 2024 |
| Listing Date | Tuesday, April 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 25, 2024 |
Company Profile
JNK India Limited was founded in 2010 and specialises in the design, manufacturing, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces. The company has completed projects in Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal, as well as abroad, including Nigeria and Mexico. As of March 31, 2023, the company had served more than 17 clients in India and seven clients internationally. Domestic clients include Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya
Chemicals & Fertilisers Limited, and the Numaligarh Refinery Limited. It manufactures all of its products in compliance with the customer’s specifications and the applicable standards. Manufacturing takes place at in-house facilities or with third-party vendors. One of the manufacturing sites is located in the Multi-Product Special Economic Zone in Mundra, Gujarat, where production is solely for export. It covers an area of approximately 20,243 square metres and has an installed capacity of 5,000 metric tonnes of manufacture and modularization per year. As of March 31, 2023, the company employed 192 permanent employees.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | JNK India Limited |
| Phone number | +91-22 6885 8000 |
| Email ID | [email protected] |
| Website | jnkindia.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
JNK India IPO FAQs
When JNK India IPO will open?
The JNK India IPO opens on April 23, 2024 and closes on April 25, 2024.
What is the lot size of JNK India IPO?
JNK India IPO lot size and the minimum order quantity is not available at this time. Please check again later.
When is JNK India IPO allotment?
The finalization of Basis of Allotment for JNK India IPO will be done on Friday, April 26, 2024, and the allotted shares will be credited to your demat account by Monday, April 29, 2024.
When is JNK India IPO listing date?
The JNK India IPO listing date is not yet announced. The tentative date of JNK India IPO listing is Tuesday, April 30, 2024.
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