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Bidding Date
23-Apr-2024 to
25-Apr-2024
Issue Size
₹649.47 Cr
Price Band
₹395 to ₹415
Allotment date
26-Apr-2024
Listing date
30-Apr-2024
Lot size
36
No. of shares
1,56,49,968
Fresh issue/OFS
₹300 Cr/₹349.47 Cr
JNK India, incorporated in 2010, specializes in the manufacturing of process fired heaters, reformers, and cracking furnaces, collectively referred to as "Heating Equipment," crucial in process industries such as oil and gas refineries, petrochemical, and fertilizer industries. With expertise in thermal designing, engineering, manufacturing, supplying, installing, and commissioning, they serve both domestic and overseas markets. Over time, the comnpany has diversified into flares, incinerator systems, and renewable energy sectors, particularly green hydrogen. Their services encompass the entire project lifecycle, from consultation and design to installation and commissioning.Having a B2B business model, their clientele includes prominent names in India such as Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited, and Numaligarh Refinery Limited. Overseas, JNK India has served leading engineering, procurement, and construction (EPC) companies in Europe and the Middle East.
Read our in-depth analysis of the JNK India Ltd IPO Here 
Category
Status
QIBs
75.7x
NIIs
23.2x
Retail
4x
Others
--
Total
28.1x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Speciality Medicines | 117 - 124 | 20-Mar-2026 to 24-Mar-2026 |
| Central Mine Planning & Design Institute | 163 - 172 | 20-Mar-2026 to 24-Mar-2026 |
| Novus Loyalty | 139 - 146 | 17-Mar-2026 to 20-Mar-2026 |
| Highness Microelectronics | 114 - 120 | 24-Mar-2026 to 27-Mar-2026 |
The issue size of JNK India is ₹649.47 Cr.
JNK India falls into Machinery & Equipments industry.
The JNK India IPO will be listed on both NSE and BSE.
The open and close dates for the JNK India are 23-Apr-2024 & 25-Apr-2024.
The price band for the JNK India ipo is ₹395 to ₹415
The listing date of JNK India IPO is 30-Apr-2024.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
JNK India total subscription ratio is 28.1X.
Key financial of the JNK India are:
| JNK India | FY-24 | FY-23 | FY-22 | FY-21 |
|---|---|---|---|---|
| Revenue (₹ Cr) | 480.46 | 407.3 | 296.4 | 137.72 |
| EBIT (₹ Cr) | 93.94 | 62.89 | 50.85 | 23.42 |
| Proft after Tax (₹ Cr) | 62.65 | 46.57 | 35.98 | 16.48 |
| Debt (₹ Cr) | 54.78 | 33.76 | 5.99 | 8.95 |
| Net Worth (₹ Cr) | 195.36 | 122.38 | 72.18 | 36.82 |
| RoE (%) | 32.07 | 38.06 | 49.85 | 44.75 |
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