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JNK India IPO

The JNK India IPO is making waves in the financial world and promising exciting opportunities for investors. Established in 2010, JNK India Limited specialises in the design, manufacture, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces. With a strong track record and a focus on innovation, JNK India is poised for growth in the heating equipment industry.

JNK India IPO Details


Parameter Details
IPO Open Date Tuesday, April 23, 2024
IPO Close Date Thursday, April 25, 2024
Basis of Allotment Friday, April 26, 2024
Initiation of Refunds Monday, April 29, 2024
Credit of Shares to Demat Monday, April 29, 2024
Listing Date Tuesday, April 30, 2024
Total Issue Size ₹ 649.47 Cr
Lot Size 36 Shares
Listing At BSE, NSE

Checkout the List of Upcoming IPO.

About the Company

JNK India Limited, founded in 2010, stands reliable in the heating equipment industry, boasting a formidable footprint both within India and on the global stage. With successful project completions spanning across diverse Indian states and international markets like Nigeria and Mexico, JNK India has earned a reputation for reliability and excellence.

Catering to esteemed clients in sectors ranging from oil and gas to petrochemicals and fertilisers, the company has firmly entrenched itself as a trusted partner in the industrial domain. Strategically situated manufacturing facilities in Gujarat, coupled with a committed workforce, bolster JNK India's ability to deliver superior quality products in a timely manner. This combination of geographical advantage and skilled manpower ensures that JNK India remains at the forefront of the heating equipment sector, poised for continued growth and success.

Financial Highlights

JNK India Limited has demonstrated impressive financial performance over the years. Between March 31, 2022, and March 31, 2023, the company saw a significant increase in revenue and profit after tax (PAT). As of December 31, 2023, key financial indicators like Return on Equity (ROE) and Return on Capital Employed (ROCE) reflect the company's financial health. Here's a summary:

Financial Metric Values
ROE (Return on Equity) 31.79%
ROCE (Return on Capital Employed) 34.73%
Debt/Equity 0.34
RoNW (Return on Net Worth) 31.79%
P/BV (Price to Book Value) 11.92
PAT Margin (%) 18.24%

Strengths & Weaknesses

Strengths Weaknesses
- Leader: JNK India holds a significant market share in the Indian heating equipment industry. This reflects its strong brand presence and customer trust. - Revenue Dependency: A large portion of JNK India's revenue is dependent on contracted orders, which could pose risks in case of order fluctuations.
- Diverse Portfolio: JNK India caters to various industries, ensuring revenue stability even amidst sector fluctuations. This diversification mitigates risks associated with reliance on a single market. - Market Demand: Any downturn in the heating equipment industry could impact the company's business operations, highlighting its vulnerability to market demand shifts.
- Financial Performance: JNK India demonstrates strong revenue growth and profitability, showcasing resilience in competitive landscapes.
- Experienced Management: Led by a skilled management team, JNK India benefits from industry expertise and leadership, enabling strategic decision-making and sustainable growth.

How to apply in IPO via UPI on Dynami

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How to apply JNK India IPO?

Retail investors need to apply for the IPO using UPI

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe JNK India IPO and approve the payment on your UPI ID.

Demat Account

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  • For new investor, get free demat account opening offer on our web & Dynami App ensuring a smooth and hassle-free experience for your initial investments.

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Frequently asked questions

  • An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.

  • A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.

  • IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.

  • Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.

  • You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.

  • IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.

    Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.

    Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.

  • The price band for the JNK India IPO is set between Rs. 395 to Rs. 415 per share.

  • JNK India IPO has a total issue size of 16,015,988 shares, aggregating up to Rs. 649.47 crores.

  • The minimum lot size for an application is 36 shares.

  • Retail investors need a minimum investment of Rs. 14,940, while for sNII, it is Rs. 209,160, and for bNII, it is Rs. 1,000,980.