JNK India Limited IPO
- IPO Date23 Apr, 2024 to 25 Apr, 2024
- Listing Date30 Apr, 2024
- Face Value₹2 per share
- Issue Price₹395 to ₹415 per share
- Lot Size36 Shares
- Minimum Investment₹14,940
- Listing AtBSE, NSE
- Total Issue Size1,60,15,988 Shares
(aggregating up to ₹664.66 Cr) - Fresh Issue75,94,936 Shares
(aggregating up to ₹315.19 Cr)
- Offer for Sale84,21,052 Shares
(aggregating up to ₹349.47 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue4,83,92,000
- Shareholding post issue5,59,86,936
IPO Dates
Closing Date
25 Apr, 2024
Initiation of Refunds
29 Apr, 2024
Listing Date
30 Apr, 2024
23 Apr, 2024
Opening Date
26 Apr, 2024
Basis of Allotment
29 Apr, 2024
Credit of Shares
JNK India Limited Lot Size
Investors can bid for a minimum of 36 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | 66 | 2376 | ₹9,86,040 |
| Retail (Min) | 1 | 36 | ₹14,940 |
| B-HNI (Min) | 67 | 2412 | ₹10,00,980 |
| Retail (Max) | 13 | 468 | ₹1,94,220 |
| S-HNI (Min) | 14 | 504 | ₹2,09,160 |
JNK India Limited Promoter Holding
Mascot Capital and Marketing Pvt. Ltd., JNK Heaters Co. Ltd, Arvind Kamath, Gaoutam Rampelli, and Dipak Kacharulal Bharuka are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 94.56% | - |
JNK India Limited COMPANY INFORMATION
JNK India IPO is a book built issue of Rs 649.47 crores. The issue is a combination of fresh issue of 0.76 crore shares aggregating to Rs 300.00 crores and offer for sale of 0.84 crore shares aggregating to Rs 349.47 crores. JNK India IPO bidding started from April 23, 2024 and ended on April 25, 2024. The allotment for JNK India IPO was finalized on Friday, April 26, 2024. The shares got listed on BSE, NSE on April 30, 2024. JNK India IPO price band is set at ₹395 to ₹415 per share. The minimum lot size for an application is 36 Shares. The minimum amount of investment required by retail investors is ₹14,940. The minimum lot size investment for sNII is 14 lots (504 shares), amounting to ₹209,160, and for bNII, it is 67 lots (2,412 shares), amounting to ₹1,000,980. 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. Refer to JNK India IPO RHP for detailed information.
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.
FAQs About Jnk India Limited Ipo (Jnk India Ipo)
JNK India Limited IPO will open on 23 Apr, 2024 and close on 25 Apr, 2024. Investors must apply within this period to participate.
The JNK India Limited IPO price band is set between ₹395.00 and ₹415.00 per share. The minimum lot size is 36, requiring an investment of at least ₹14940.00.
The JNK India Limited IPO shares are expected to be listed on 30 Apr, 2024, subject to regulatory approvals and final allotment.
You can track your JNK India Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The JNK India Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.