JNK IPO

JNK India Ltd

₹14,220 /36 sharesMinimum Investment

JNK IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹415.00₹621.00₹206.00 (49.64%)

JNK IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
23 Apr ‘24 - 25 Apr ‘24₹14,22036₹395 - ₹415
Issue SizeIPO Doc
649.47Cr
RHP PDF

Subscription rate

As of 25 Apr'24, 04:27 PM
Qualified Institutional Buyers65.07x
Non-Institutional Investor20.68x
Retail Individual Investor2.76x
Total23.93x

About the company

JNK 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.;
Founded in
2010
Managing director
Mr. Arvind Kamath
Parent organisation
JNK India Ltd
JNK India Ltd IPO
https://www.youtube.com/watch?v=-ZR6w7nBbHE

Strength and risks

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.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular395 - 415₹2 Lakh
High Networth Individual395 - 415₹2 - 5 Lakh
For JNK IPO, eligible investors can apply as Regular.
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