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JNK India IPO – Important Dates, Price, GMP & Review

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JNK India who are India’s Leading Heating Equipment Company are raising ₹649 crores approximately through Initial Public Offerings (IPO). The IPO will be open from 23 April, 2024 and will close on 25 April, 2024. The IPO Price band is set to ₹415 and a retail investor can do minimum investment of ₹14,940 for a single lot of 36 shares.

JNK India Company are in the manufacturing of fired heaters, reformers and cracking furnaces that are required in process industries such as for oil and gas refineries, petrochemical and fertilizer industries. They also have capabilities in thermal designing, engineering, manufacturing, supplying, installing and commissioning Heating Equipment and cater to both domestic as well as overseas market.

JNK India IPO Important Dates And Prices

IPO Opening Date23 April, 2024
IPO Closing Date25 April, 2024
IPO Allotment Date26 April, 2024
Date of Refund Initiation29 April, 2024
Single Price₹415
Total Shares36/Lot
Minimum Investment₹14,940
IPO Listing30 April, 2024
Listing OnBSE, NSE Both

JNK India IPO Other Important Details

IPO Issue Size₹649.4 Crores
IPO Face Value₹2/Share
IPO Retail Percentage35%
QIB Percentage50%
NII Percentage15%
Retail Min. Investment (1 Lot)₹14,940 (36 Shares)
Retail Max. Investment (13 Lots)₹194,220 (468 Shares)
S-HNI Min. Investment (14 Lots)₹209,160 (504 Shares)
S-HNI Max. Investment (66 Lots)₹986,040 (2376 Shares)
IPO Mandate Last Date25 April, 2024 (Till 5 PM)
IPO RegistrarLinktime India Pvt Ltd

JNK India IPO GMP (Grey Market Premium)

Day By Day analysis of JNK India IPO GMP. IPO GMP can increase or decrease depending upon the buyer interests.

DateGMP
As On 22-04-202415
As On 23-04-202415
As On 24-04-202420
As On 25-04-2024
As On 26-04-2024

JNK India Company Promoters

  • Mr. Arvind Kamath (Chairperson and Whole Time Director)
  • Mr. Goutam Rampelli (Whole Time Director)
  • Mr. Dipak Kacharulal Bharuka (Whole Time Director & Chief Executive Officer)
  • Mascot Capital And Marketing Private Limited
  • JNK Global Co. Ltd.

Shareholding Pattern or Promoter Holding in JNK India IPO

Equity ShareholdingNo. of SharesPercentage of Shares
Pre Issue45,760,00094.56
Post Issue[●][●]

JNK India Company Qualities

  • Seven Out Of The 12 Oil Refining Companies In India are their Customers
  • Out of 24 Operating Oil Refineries Across India, they have supplied or in the process of supplying heating equipment to 11 Refineries.
  • Not Only in India, they have served 7 Big Customers Overseas.
  • They are ISO 9001:2015, 14001:2015, 45001:2018 Certified Company.
IncorporationRegistered OfficeWebsiteIPO Doc
2010Unit No. 203, 204, 205 & 206, Opposite. TMC Office
Centrum IT Park, Near Satkar Hotel, Thane -West, Thane 400 604, Maharashtra, India
www.jnkindia.comRHP PDF

Objectives of the JNK India IPO Issue

JNK India Company is going to use the funds to fulfill:

  • Funding working capital requirements
  • General Corporate Purposes

In addition to this, From Listing company is expecting more visibility and branding attracting more potential customers.

Read More: IPO GMP TODAY 2024


JNK India IPO Review (Apply)

Financials31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
EBITDA (In Million)702.43735.05545.77260.15
EBITDA Margin %27.7218.0518.4118.89
PAT (In Million)462.11463.62359.83164.76
PAT Margin18.2411.3812.1411.96
RoCE %34.7357.1783.2571.90
RoE %31.79#47.7166.0356.96
  • JNK India company has an RoNW of about 31.79%.
  • EBITDA Margin Increased From 18% to 27.7% in the last 9 Months.
  • PAT Margin Percentage of JNK India is approx. 18% which is also increased by 7%.

After thorough review of JNK India Company Financial Stats of Previous Years, Our Review for this IPO is you Can Apply For this IPO. Apply on the first day of opening to increase your chances of IPO Allotment.


FAQ’s Related to JNK India IPO

  1. From Which Date JNK India IPO will open?

    JNK India IPO will open from Tuesday, 23 April, 2024.

  2. What is the last date to apply for the Mandate of JNK India IPO?

    JNK India IPO last date to apply for the Mandate is Thursday, 25th April, 2024.

  3. How many Shares are there in 1 Lot of JNK India IPO and what is the price of Single Share?

    There are 36 Shares in 1 Lot of JNK India IPO and price of one is 415.

  4. Where is the headquarter of JNK India Company located?

    JNK India company headquarter or registered office is in Thane 400 604, Maharashtra, Near Satkar Hotel.

  5. What is the total issue size of JNK India IPO?

    JNK India IPO total issue size is approximately ₹649 Crores (8,421,052 Equity Shares)

  6. Who is the registrar of JNK India Company IPO?

    JNK India IPO Registrar is Linktime India Private Limited Company.


How You Can Apply For JNK India IPO or Any Other IPO?

  • To Apply For the JNK India IPO, First You Need To open a DEMAT Account.
  • Open a Demat Account Online With Platform or Apps like Zerodha, Upstox, Angel One, Paytm Money and Groww.
  • Once Your DEMAT Account is Opened, Open the App given Above with which you apply for DEMAT Account and Visit the IPO section.
  • Select the JNK India IPO and click on Apply Now Button to apply for the Mandate.
  • After that, You need your UPI (Unified Payment Interface) ID and balance in your bank accounts to apply the Mandate.
  • Enter UPI ID And Investment Lots & then Click on Apply For IPO.
  • After hitting apply for IPO button, you will receive a Mandate Request on your UPI Platform with in few minutes. It can take up to 1 hour also, sometimes.
  • On receiving Mandate in the UPI app, click on Accept Mandate, Enter your UPI Pin and your Mandate Amount and hit Enter.
  • On Successful accepting the mandate, IPO Amount will be blocked by the Bank, till the date of initiation of refunds.
  • If IPO shares are allotted to you on the IPO Allotment Day (26 April, 2024), your amount will be permanently debit from your bank account in that case.

Are You Going To Apply for the JNK India IPO or Not? Share your Thoughts and Reviews in the Comment Section down below! Your comments can benefit other users too. Keep Reading & Keep Investing !!

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