JNK INDIA LIMITED operates as a prominent heating equipment company within India. Renowned for its expertise in thermal design, engineering, manufacturing, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces, the company holds a significant position in the market.
As of December 2023, the company had 21 customers in India and 8 customers overseas. Additionally, 7 out of the 12 oil refining companies in India are its customers, and they have either received or are in the process of receiving heating equipment for 11 out of the 24 operating oil refineries across India.
According to a report by F&S, JNK India secured a market share of approximately 27% in the Indian Heating Equipment market based on new order bookings in Fiscal 2023. Their heating equipment finds essential application across various process industries including oil and gas refineries, petrochemicals, fertilizers, hydrogen, and methanol plants.
JNK India IPO Date, Price, GMP, Review, Analysis & Details
| ipo Date | 23 April – 25 April 2024 |
| Min. Investment | ₹14,940 |
| Lot Size | 36 |
| Price Range | ₹395 – ₹415 |
| Issue Size | 649.47Cr |
| IPO Doc | View |
JNK India IPO Apply details
For the JNK India IPO, eligible investors have the option to apply through two categories:
1. Regular: In the Regular category, investors can apply within the price band of ₹395 to ₹415, with the maximum application amount set at ₹2 lakh.
2. High Networth Individuals (HNIs): HNIs apply within the same price band of ₹395 to ₹415 but have the flexibility to apply for amounts ranging from ₹2 lakh to ₹5 lakh.
JNK India IPO Allotment & Listing Dates
| JNK IPO | Dates |
|---|---|
| IPO Offer Start | 23 April 2024 |
| IPO Offer Ends | 25 April 2024 |
| Allotment Finalisation | 26 April 2024 |
| Refund Initialisation | 29 April 2024 |
| Share Transfer to Demat | 29 April 2024 |
| Date of Listing | 30 April 2024 |
Note
It should be noted that the above timeline is provisional and that, for 50% of the shares, the anchor lock-in period ends 30 days after the actual allotment date, and for the remaining portion, 90 days after.
JNK India Company Financial Revenue & Profit Report
| Year | Revenue | Total Assets | Profit (PAT) |
|---|---|---|---|
| 2021 | ₹138.45 | 125.12 | 16.48 |
| 2022 | ₹297.14 | 268.32 | 35.98 |
| 2023 | ₹411.55 | 337.78 | 46.36 |
JNK India ipo Advantages & Disadvantages
Advantages:
Disadvantages:
JNK IPO Shareholders List & OFFER FOR SALE Details
| Name of Selling Shareholders | Type | No. of Equity Shares Offered | WACA per Equity Share (in ₹) |
|---|---|---|---|
| Goutam Rampelli | Promoter Selling Shareholder | 1,007,169 | 0.13 |
| Dipak Kacharulal Bharuka | Promoter Selling Shareholder | 867,284 | 0.19 |
| JNK Heaters Co. Ltd | Promoter Selling Shareholder | 2,182,200 | 0.13 |
| Mascot Capital and Marketing Private Limited P | Promoter Selling Shareholder | 3,944,746 | 0.13 |
| Milind Joshi | Promoter Selling Shareholder | 419,653 | 4.38 |
REGISTERED AND CORPORATE OFFICE :
Unit No. 203, 204, 205 & 206, Opposite. TMC Office
Centrum IT Park, Near Satkar Hotel, Thane -West, Thane
400 604, Maharashtra, India
E-MAIL & TELEPHONE Details
PH NO : +91-2268858000
Emil: compliance@jnkindia.com
Website: www.jnkindia.com
Jnk india ipo date
The IPO offer for JNK begins on April 23, 2024, and Ends on April 25, 2024.
Jnk india ipo price
The IPO price range for JNK India is set between ₹395 and ₹415.
How to check the allotment status for the JNK INDIA IPO ?
You can check the allotment status for the Jnk India IPO on the Registrar website – Linkintime
