Open Account Now
JNK India IPO
JNK India
JNK India IPO Details
JNK India Ltd. (JNK), one of the leading manufacturers of heating equipments, which mainly finds application in the oil refineries and petrochemical plants, is coming up with an IPO to raise around Rs. 650cr, which opens on 23rd Apr. and closes on 25th Apr. 2024. The price band is Rs. 395 - 415 per share.
The IPO is a combination of fresh issue (Rs. 300cr) and OFS portion (Rs. 332.6 - 349.5cr). The company will not receive any proceeds from the OFS portion. From the fresh issue net proceeds, the company will be utilizing Rs. 262.7cr for funding the working capital requirement. Residual proceeds will be used for general corporate purposes.
Few of the promoter & promoter group (P&PG) entities are participating in the OFS and offloading 0.795cr shares. While one of the individual public shareholder is offloading 0.047cr shares. Consequently, post-IPO, the P&PG and public shareholders will have 67.97% and 32.03% stake in the company, respectively.
IPO Strengths
- Established track record with a diverse customer base
- Well-positioned to capture sector tailwinds through demonstrated capabilities over time
- Diversifying product portfolio to cater to varied sectors
- Demonstrated financial performance with a robust order-book reflecting revenue visibility for last three fiscals
- Skilled and experienced promoters & management team with committed employee base
IPO Weaknesses
- General slowdown in the global economic activities
- Unfavorable government policies & regulations
- Sectoral revenue concentration risk
- Subdued expansion in new business verticals
- Working capital intensive operations
- Difficulty in maintaining the profitability
- Unfavorable forex rate
- Competition
JNK India Revenue & Profit
+1.377 | +0.165 |
+2.964 | +0.36 |
+4.073 | +0.464 |
10
8
6
4
2
0
JNK India IPO Dates
| Open Date | 23 April , 2024 |
| Close Date | 25 April , 2024 |
| Allotment Date | 29 April , 2024 |
| Initiation of Refunds | To be announced |
| Credit of Shares to Demat Account | 29th Apr. 2024 |
| Listing Date | 30-Apr-2024 |
JNK India IPO Lot Size
| Minimum Lot Size | 1 |
| Maximum Lot Size | To be announced |
Seize the Opportunity! Apply for JNK India IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory
JNK India IPO Subscription Breakup
| QIBs | 50% |
| Non Institutional Investors | 15% |
| Retail Investors | 35% |
How to Apply for JNK India IPO?
Step 1
First, you need to visit the IPO section on our website.
Step 2
Then, click on the 'IPO Listing' option to view the IPO.
Step 3
Open the JNK India IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the JNK India IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.