What you must know about JNK India IPO?

About JNK India Ltd

JNK India is a manufacturer having capabilities in thermal designing, engineering, manufacturing, supplying, installing and commissioning process fired heaters, reformers and cracking furnaces. With the ability to develop, engineer, manufacture, supply, install, and commission heating equipment, the firm serves both domestic and international markets.

Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited, and Numaligarh Refinery Limited are a few of the company's domestic clients. As of March 31, 2023, they have served 17 customers in India and seven customers overseas. Further, seven out of the 12 oil refining companies in India are their customers and have supplied or are in the process of supplying Heating Equipment to 11 of the 24 operating oil refineries across India.

Key terms of the JNK India IPO

Here are some of the highlights of the JNK India IPO on the SME segment of the National Stock Exchange (NSE).

• The JNK India IPO share allotment basis is expected to be finalized on Friday, April 26.
• The firm will then start processing refunds on Monday, April 29, and the shares would be deposited to the allottees' demat accounts the same day as the refund.
• On Tuesday, April 30, JNK India share price is going to be listed on the BSE and NSE.
• The JNK India Limited IPO price band has been set in the range of ₹395 to ₹415 per equity share of the face value of ₹2.
• The JNK India IPO date of subscription is scheduled to open on Tuesday, April 23, and will close on Thursday, April 25. The allocation to anchor investors for the JNK India IPO will take place on Monday, April 22.
• The floor price is 197.50 times the face value of the equity shares and the cap price is 207.50 times the face value of the equity shares.  
• Bids may be placed for a minimum of 36 equity shares or, if less, for multiples of 36 equity shares.
• The initial public offering has set aside a minimum of 15% of its shares for non-institutional institutional investors (NII), a maximum of 50% of its shares for qualified institutional buyers (QIB), and a minimum of 35% of the offer for retail investors.

Promoter holdings and investor quota allocation

The JNK India IPO comprises a fresh issue of ₹300 crore, and an offer-for-sale (OFS) of up to 8,421,052 equity shares of a face value of ₹2 each by the promoter selling shareholders, Goutam Rampelli (up to 1,122,807), JNK Global Co. Ltd (up to 2,432,749), Mascot Capital and Marketing Private Limited (up to 4,397,661), and individual selling shareholder Milind Joshi (up to 467,835). The JNK India IPO's book running lead managers are IIFL Securities Ltd and ICICI Securities Limited, while the issue's registrar is Link Intime India Private Ltd. The company's promoters include Dipak Kacharulal Bharuka, Mascot Capital and Marketing Pvt Ltd, JNK Heaters Co. Ltd, Arvind Kamath, and Gaoutam Rampelli.

Lot sizes for investing in the JNK India IPO

The JNK India IPO minimum market lot is 36 shares with ₹14,940 application amount. The retail investors can apply up-to 13 lots with 468 shares or ₹194,220 amount.

Key dates to be aware of in the JNK India IPO (SME)

The JNK India IPO date is April 23 and the close date is April 25. The JNK India IPO allotment will be finalized on April 26 and the IPO listing on April 30.

Financial highlights of JNK India

The table below captures the key financials of JNK India for the last 3 completed financial years.

JNK India IPO Valuation – FY2023

Check JNK India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

You can apply for JNK India IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.