JNK India IPO GMP Today, JNK India IPO Grey Market Premium Updates | JNK India IPO, Latest target, Opening gain
JNK India Limited was incorporated in 2010 and is engaged in the design, manufacture, supply, installation, and commissioning of process-fired heaters, reformers and cracking furnaces.
The company has completed projects in Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu and West Bengal and has implemented projects globally, including in Nigeria and Mexico. As of March 31, 2023, the company has served over 17 clients in India and seven clients overseas.
All products in JNK India Limited are manufactured as per the requirements of the customer and in accordance with the applicable standards.
The manufacturing is done at the in-house manufacturing facilities and/or third-party vendors. One of the manufacturing facilities is located in the Multi-Product Special Economic Zone in Mundra, Gujarat, where production is exclusively for export. It is spread over an area of about 20,243 square metres with an installed capacity of 5,000 metric tonnes for manufacturing and modularization per annum.
As of March 31, 2023, the company had 192 permanent employees.
JNK India IPO Details:
| Issuer | JNK India IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 23 April 2024 | |
| Issue Closes: 25 April 2024 | ||
| Price Brand | ₹395 to ₹415 per share | |
| Issue Size | 649.47 Cr | |
| Face Value | ₹2 per share | |
| Market Lot | 36 Shares | |
| Retail (Max) | ₹194,220 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 16,015,988 shares | |
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JNK India IPO GMP Rates day by day
JNK India IPO Market Lot:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 36 | ₹14,940 |
| Retail (Max) | 13 | 468 | ₹194,220 |
| S-HNI (Min) | 14 | 504 | ₹209,160 |
| S-HNI (Max) | 66 | 2,376 | ₹986,040 |
| B-HNI (Min) | 67 | 2,412 | ₹1,000,980 |
JNK India IPO Date, Allotment & Listing:
| JNK India IPO Opening Date: | April 23, 2024 |
| JNK India IPO Closing Date: | April 25, 2024 |
| Basis of Allotment: | April 26, 2024 |
| Initiation of Refunds: | April 29, 2024 |
| Credit to Demat Account: | April 29, 2024 |
| Listing Date: | April 30, 2024 |
JNK India Limited Financial Information (Restated Standalone)
JNK India Limited’s revenue increased by 38.5% and profit after tax (PAT) rose by 28.84% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 453.39 | 337.78 | 268.32 | 125.12 |
| Revenue | 256.76 | 411.55 | 297.14 | 138.45 |
| Profit After Tax | 46.21 | 46.36 | 35.98 | 16.48 |
| Net Worth | 168.56 | 122.17 | 72.18 | 36.82 |
| Reserves and Surplus | 158.88 | 112.57 | 62.58 | 36.22 |
| Total Borrowing | 56.73 | 33.76 | 5.99 | 8.95 |
| Amount in ₹ Crore | ||||
Key Performance Indicator
The market capitalization of JNK India IPO is Rs 2308.27 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 31.79% |
| ROCE | 34.73% |
| Debt/Equity | 0.34 |
| RoNW | 31.79% |
| P/BV | 11.92 |
| PAT Margin (%) | 18.24 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.58 | 11.08 |
| P/E (x) | 43.32 | 37.46 |
Objects of the Issue (JNK India IPO Objectives)
The company intends to use the net proceeds from the issue to finance the following objects:
- Working capital requirements; and
- General corporate purposes.
JNK India IPO ALLOTMENT STATUS
How to Apply for JNK India IPO?
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How to Apply JNK India IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “JNK India”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply JNK India IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “JNK India”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
JNK India IPO is a main-board initial public offering of 16,015,988 Equity shares of the face value of ₹3 aggregating up to ₹649.47.00 Crores. The issue price of the IPO is ₹395 to ₹415 Per Equity Share. The minimum order quantity is 36 Shares per application and the offer type is Book Built Issue. The IPO opens on April 23, 2024 and closes on April 25, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The JNK India IPO opens on April 23, 2024 and closes on April 25, 2024.
You can apply in JNK India IPO online using either UPI or ASBA as payment method. Iifl Securities Ltd and ICICI Securities Limited are the book running lead managers of the JNK India IPO, while Link Intime India Private Ltd is the registrar for the issue.
The finalization of Basis of Allotment for JNK India IPO will be done on April 26, 2024, and the allotted shares will be credited to your demat account by April 29, 2024. Check the JNK India IPO allotment status.
The JNK India IPO listing date is not yet announced. The tentative date of JNK India IPO listing is April 30, 2024.
JNK India IPO lot size is 36 Shares and the minimum order quantity is 1 Shares.