IPO Details
Bidding Dates
23 Apr 24 - 25 Apr 24
Price Range ₹
395 - 415
Total Equity
₹ 0.00Cr
Lot Size
36
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
4.11×
Qualified Institutional Buyers
75.72×
Employees
0.00×
Retail Investors
4.11×
Total subscription Rate
28.13×
IPO Timeline
Offer start
23 Apr 2024
Offer end
25 Apr 2024
Allotment
26 Apr 2024
Refund initiation
29 Apr 2024
Demat transfer
29 Apr 2024
Listing
30 Apr 2024
Offer start
23 Apr 2024
Offer end
25 Apr 2024
Allotment
26 Apr 2024
Refund initiation
29 Apr 2024
Demat transfer
29 Apr 2024
Listing
30 Apr 2024
About Company
JNK India Limited, established in 2010, specializes in the design, manufacture, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces. The company has successfully executed projects across various states in India, including Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal. Moreover, it has undertaken projects on a global scale, with notable ventures in Nigeria and Mexico. As of March 31, 2023, JNK India Limited has catered to a diverse clientele, serving over 17 clients within India and seven clients internationally. Among its domestic clients are renowned names such as Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited, and Numaligarh Refinery Limited.
Year Founded
14-06-2010
Promotor Details
Arvind Kamath
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 94.56 | 0 |
| Share Capital | 45760000 | 0 |
Project Details
- Funding working capital requirements - 2626.9cr
Objectives
- Funding working capital requirementsGeneral corporate purposes
Highlights
- JNK India Limited offers a wide range of products, including process-fired heaters, reformers, and cracking furnaces, catering to various industrial needs.
- The company's successful implementation of projects in India and internationally, including in countries like Nigeria and Mexico, showcases its global reach and capabilities.
- With over 17 clients in India and seven clients overseas, JNK India Limited has established a strong client base, including prominent names like Indian Oil Corporation Limited and Tata Projects Limited
- All products manufactured by the company adhere to applicable standards, ensuring quality and reliability for customers.
- The presence of in-house manufacturing facilities and strategic partnerships with third-party vendors enhance the company's production capabilities and flexibility.
Challenges
- While utilizing third-party vendors for manufacturing can provide flexibility, it also introduces dependencies and potential quality control challenges.
- Adhering to various regulatory requirements, both domestically and internationally, may pose challenges and add complexity to operations.
- The industry in which JNK India Limited operates is highly competitive, with numerous players vying for market share, potentially impacting pricing and profitability.
- Operating globally exposes the company to economic and political risks in different regions, including currency fluctuations, trade regulations, and geopolitical instability.
- Managing a workforce of 192 permanent employees, especially in a dynamic industry and across multiple locations, requires effective HR management and resource allocation.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 3,352.85 | 96.00 | 164.76 | 164.76 | 3.4325 |
| 2021 | 1,251.24 | 6.00 | 626.49 | 626.49 | 12.9467 |
| 2022 | 2,675.24 | 96.00 | 359.83 | 359.83 | 7.4965 |
| 2024 | 5,247.39 | 96.78 | 465.74 | 465.74 | 9.7029 |
