JNK IPO

JNK India Ltd

₹14,220 /36 sharesMinimum Investment

JNK IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
--₹415.00₹621.00₹206.00 (49.64%)
JNK IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
23 Apr ‘24 - 25 Apr ‘24₹14,22036₹395 - ₹415
Issue SizeIPO Doc
649.47CrRHP PDF
Subscription Status As on 25 Apr '24, 4:27 PMQualified Institutional Buyers
65.07x
Non-Institutional Investor
20.68x
Retail Individual Investor
2.76x
Total
23.93x
About JNKJNK India is a heating equipment company in India. The company has capabilities in thermal designing, engineering, manufacturing, supplying, installing and commissioning process fired heaters, reformers and cracking furnaces. JNK India had a market share of approximately 27% in the Indian Heating Equipment market, in terms of new order booking in Fiscal 2023. (Source: F&S Report). Their heating equipment are required in process industries such as oil and gas refineries, petrochemicals, fertilizers, hydrogen and methanol plants etc.;
Parent Organisation
JNK India Ltd
Founded
2010
Managing Director
Mr. Arvind Kamath
https://www.youtube.com/watch?v=-ZR6w7nBbHE
Strengths & Risks
The company has a market share of approximately 27% in the Indian heating equipment market, in terms of new order booking in Fiscal 2023. (Source: F&S Report) 
The company started operations in 2010 and has a project completion track record of over 10 years.
Diversified customer base - their customers are from, amongst others, the oil and gas, petrochemical and fertilizers industries.
Company’s revenue from operations, EBITDA, and profit after tax had grown at a CAGR of 71.97%, 68.09% and 67.75%, respectively for Fiscals 2021 to 2023.
Overall demand for heating equipment from Indian refineries, petrochemicals and fertilizer (urea) segments between Fiscal 2024 and Fiscal 2029 is estimated at Rs 270,890 million i.e. approximately Rs 45,000 million on annualized basis.
A significant portion of the company’s revenue comes from orders which are contracted to them by contracting customers. Any failure to obtain new contracts may impact their revenue from operations, cash flows and financial conditions materially and adversely. 
Any downside in the capital expenditure of the oil and gas, petrochemical and fertilizers industry would create an adverse impact on the company’s revenue from operations, cash flows and financial conditions.
A majority portion of the company’s revenues comes from sales of heating equipment. Loss or decline in the demand of such heating equipment may result in an adverse effect on the business, revenue from operations, and financial condition.
The company does not have any trademark or logo registered in its name. They use the logo and trademark of one of their corporate promoters, JNK Heaters.
Company’s corporate promoter, JNK Heaters, is engaged in a similar line of business to that of this company.
Inability to accurately estimate the cost or match the prices quoted by its competitors in a tender may lead to loss of tender creating an adverse impact on its business.
The company outsources its fabrication process to third-party fabricators for most of its projects.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹395 - 415₹2 Lakh
High Networth Individual₹395 - 415₹2 - 5 Lakh
For JNK IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
--	₹415.00	₹621.00	₹206.00 (49.64%)

Bidding Dates	Min. Investment	Lot Size	Price Range
23 Apr ‘24 - 25 Apr ‘24	₹14,220	36	₹395 - ₹415

Issue Size	IPO Doc
649.47Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹395 - 415	₹2 Lakh
High Networth Individual	₹395 - 415	₹2 - 5 Lakh

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