JNK India Limited IPO
JNK India Limited IPO is listed on BSE and NSE, priced at ₹395–₹415 per share. The stock debuted at ₹621, delivering a listing gain of 49.6%. The IPO had a lot size of ₹36 shares and a minimum investment of ₹14,940.
JNK India Limited IPO
- IPO Dates
- Apr 23, 2024 – Apr 25, 2024
- Price band
- ₹395-415 per equity share
- Minimum Investment
- ₹14,940
- Issue size
- ₹649.47 Cr
- Lot size
- 36
- Allotment Date
- Apr 26, 2024
- Listing
- Apr 30, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Apr 23, 2024
Open Date
Completed
-
Apr 25, 2024
Close Date
Completed
-
Apr 26, 2024
Allotment Date
Completed
-
Apr 30, 2024
Listing Date
Completed
Price Summary
- Last closing
- 344.45 (-17%)
- 52 week high
- 398.00
- 52 week low
- 200.92
- Last update
JNK India Limited IPO Essentials
JNK India Limited IPO Details
JNK India Limited IPO is priced at ₹395-415 per share with a total issue size of 649.47 crore. The IPO has a lot size of 36 shares and is listed on BSE and NSE.
- Issue price
- ₹395-415 per equity share
- Lot size
- 36 shares
- Face value
- ₹2 Per Equity Share
- Issue size
- Total ₹649.47 Cr :
#Fresh Issue : 7,594,936 shares(aggregating up to ₹300.00 Cr) +
#OFS : 8,421,052 shares of ₹2(aggregating up to ₹349.47 Cr) - Total issue size
- 1,60,15,988 shares
(aggregating up to ₹649.47 crore) - Fresh issue
- 75,94,936 shares
(aggregating up to ₹300 crore) - Offer for sale (OFS)
- 84,21,052 shares
(aggregating up to ₹349.47 crore) - Listing at
- BSE, NSE
- List price
- 621.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Iifl Securities Ltd, ICICI Securities Limited
Market Lot Size
Investors can bid for a minimum of 36 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 36 | ₹14,940 |
| Retail(max) | 13 | 468 | ₹1,94,220 |
| sHNI(min) | 14 | 504 | ₹2,09,160 |
| sHNI(max) | 66 | 2,376 | ₹9,86,040 |
| sHNI(min) | 67 | 2,412 | ₹10,00,980 |
JNK India Limited IPO Reservation
JNK India Limited IPO reservation details show category-wise allocation of shares. Out of the total 15,649,878 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,694,989 (30%) | |
| QIB Shares Offered | 3,129,903 (20%) | |
| NII (HNI) Shares Offered | 2,347,497 (15%) | |
| bHNI > ₹10L | 1,564,997 (10%) | 3,105 |
| sHNI < ₹10L | 782,500 (5%) | 1,552 |
| Retail Shares Offered | 5,477,489 (35%) | 152,152 |
| Total Shares Offered | 15,649,878 (100%) |
JNK India Limited IPO Analytics
JNK India Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
JNK India Limited IPO Subscription Status
JNK India Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 3,129,903 |
2,347,497
1,564,997
782,500
|
5,477,489 | 10,954,889 |
|
Day 1
23-04-24 05:00 PM
|
0.67 x |
0.24x
0.15x
0.42x
|
0.47 x | 0.48 x |
|
Day 2
24-04-24 05:00 PM
|
0.68 x |
1.25x
1.07x
1.61x
|
1.13 x | 1.03 x |
|
Day 3
25-04-24 05:00 PM
|
75.72 x |
23.26x
27.10x
15.58x
|
4.11 x | 28.13 x |
JNK India Limited Valuations
Earnings
- EPS Pre IPO
- ₹9.58/-
- EPS Post IPO
- ₹11.08/-
- P/E Pre IPO
- 43.32
- P/E Post IPO
- 37.46
Returns
- ROE
- 31.79%
- ROCE
- 34.73%
- RoNW
- 31.79%
- PAT Margin
- 18.24
Fundamentals
- Debt / Equity
- 0.34
- Price / Book
- 11.92
JNK India Limited Financials( In Crs.)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 337.78 | 268.32 | 125.12 |
| Revenue | 411.55 | 297.14 | 138.45 |
| Profit After Tax | 46.36 | 35.98 | 16.48 |
| Net Worth | 122.17 | 72.18 | 36.82 |
| Reserves & Surplus | 112.57 | 62.58 | 36.22 |
| Total Borrowing | 33.76 | 5.99 | 8.95 |
JNK India Limited Company & Offer Insights
About JNK India Limited
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. The domestic clients include Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited and Numaligarh Refinery Limited.
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 Limited Promoter(s)
Mascot Capital and Marketing Pvt. Ltd., JNK Heaters Co. Ltd, Arvind Kamath, Gaoutam Rampelli, Dipak Kacharulal Bharuka are the company's promoters of JNK India Limited.
JNK India Limited IPO Issue Objectives
- •
- Working capital requirements
- •
- General corporate purposes.
JNK India Limited IPO - Anchor Investors
JNK India IPO: Institutional investors raise Rs 195 crore in anchor book.
Institutional investors including Goldman Sachs, Allianz Global Investors Fund, Natixis International Funds, Kotak Mutual Fund, HDFC Mutual Fund, Nippon Life India, Mirae, DSP Mutual Fund, Edelweiss Trusteeship, LIC Mutual Fund, Bajaj Allianz Life Insurance Company and Aditya Birla Sun Life Insurance Company invested in the company via anchor book.
JNK India Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| JNK India Limited | 9.66 | 9.51 | 25.45 | N/A | 47.71 | N/A | Consolidated |
| Thermax Ltd. | 39.98 | 39.98 | 343.67 | 112.9 | 12.24 | 7.74 | Consolidated |
| Bharat Heavy Electricals Ltd. | 1.37 | 1.37 | 77.05 | 186.02 | 1.79 | 3.31 | Consolidated |
Notes:
- Basic EPS and Diluted EPS refers to the EPS and Diluted EPS sourced from the respective company's financial statements.
- P/E Ratio has been computed based on the closing market price of equity shares on April 5, 2024, on BSE divided by the Diluted EPS provided.
- Return on net worth is computed as total profit/(loss) attributable to equity holders of the parent for the year divided by Average net worth attributable to equity shareholders of the parent (excluding non-controlling interest) as of March 31, 2023. Average of the total equity attributable to the equity shareholders of the company at the beginning and end of the year.
- Net asset value per share is calculated by dividing net worth (excluding non-controlling interest) by the number of equity shares outstanding as of March 31, 2023.
JNK India Limited IPO - Strengths and Risks
JNK India Limited IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
JNK India Limited
+91-22 6885 8000
Unit No. 203, 204, 205 & 206, Opposite TMC Office Centrum IT Park, Thane-West Thane - 400604
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
Frequently Asked Questions
Click any question to reveal the answer
JNK India Limited IPO is a book-built IPO worth ₹649.47 crore. The price band is ₹395–₹415 per share. The IPO opens on Apr 23, 2024 and closes on Apr 25, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of JNK India Limited IPO is ₹395 to ₹415 per share.
The lot size of JNK India Limited IPO is 36 shares.
The minimum investment for JNK India Limited IPO is approximately ₹14,940 based on the upper price band .
JNK India Limited IPO opens on Apr 23, 2024 and closes on Apr 25, 2024.
The allotment date of JNK India Limited IPO is Apr 26, 2024.
JNK India Limited IPO is expected to be listed on Apr 30, 2024, on BSE and NSE .
JNK India Limited IPO listed on Apr 30, 2024. It was issued at ₹621.0(NSE) and is currently around ₹344.45 as on 14-May-2026 3:30 PM, which is approximately -17.0% versus issue price. The 52-week high is ₹398.00.
Based on listing and post-listing performance, JNK India Limited IPO delivered around -17.0% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy JNK India Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
JNK India Limited IPO valuation snapshot: P/E 37.46, EPS ₹11.08/-, P/B 11.92, RoNW 31.79%, and market cap N/A.
To apply for JNK India Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of JNK India Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for JNK India Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check JNK India Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the JNK India Limited IPO allotment status on IPO Ji for quick and easy access.