JNK India IPO Details, Financials, Valuation & Peers
Get everything you need to know about the JNK India IPO. Explore JNK India IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
JNK India Limited is a leading manufacturer of process fired heaters, reformers, cracking furnaces, flares, and incinerator systems. These heating equipment are essential in various process industries including oil and gas refineries, petrochemicals, fertilizers, hydrogen, and methanol plants. With expertise in thermal designing, engineering, manufacturing, supplying, installing, and commissioning, the company serves both domestic and international markets. JNK India Limited has diversified into the renewable sector, focusing on green hydrogen, and is recognized for its safety compliance and project completion efficiency.
Key Points:
- Product Portfolio: Specializes in manufacturing process fired heaters, reformers, cracking furnaces, flares, and incinerator systems essential for process industries.
- Capabilities: Offers thermal designing, engineering, manufacturing, supplying, installing, and commissioning services.
- Diversification: Diversified into the renewable sector with a focus on green hydrogen, showcasing adaptability and forward-looking approach.
- Project Portfolio: Completed projects across various states in India including Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, West Bengal, and globally in Nigeria and Mexico.
- Ongoing Projects: Currently engaged in projects in Gujarat, Odisha, Haryana, Rajasthan in India, and globally in Oman, Algeria, and Lithuania.
- Recognition: Acknowledged by customers for early completion of projects and safety compliance, receiving incentives and certificates of appreciation from multinational industrial conglomerates.
Objects of the Issue
- Funding working capital requirements
- General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 23 Apr - 25 Apr 2024 |
| IPO Price Band | ₹395 - 415 per share |
| Fresh Issue | Aggregating up to ₹ 300 crore |
| Offer For Sale | Up to 8,421,052 shares |
| Total IPO Size | Approx ₹ 649.5 crore |
| Face Value | ₹ 2 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 23 Apr 2024 |
| IPO Closing Date | 25 Apr 2024 |
| Basis Of Allotment | 26 Apr 2024 |
| Refunds | 29 Apr 2024 |
| Demat Transfer | 29 Apr 2024 |
| IPO Listing Date | 30 Apr 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| Total Income | 138.45 | 297.14 | 411.55 | 256.76 |
| Total Expenses | 115.65 | 249.31 | 348.83 | 196.07 |
| Net Profit/Loss | 16.48 | 35.98 | 46.36 | 46.21 |
| NPM (*) | 11.96 | 12.14 | 11.38 | 18.24 |
| Total Assets | 125.12 | 268.32 | 337.78 | 453.39 |
| Total Liabilities | 88.30 | 196.14 | 215.61 | 284.83 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| EPS | 3.43 | 7.50 | 9.51 | 9.49 |
| ROE (%) | 56.96 | 66.03 | 47.71 | 31.79 |
| ROCE (%) | 71.90 | 83.25 | 57.17 | 34.73 |
| D/E Ratio | 0.24 | 0.08 | 0.28 | 0.34 |
| Current Ratio | 1.46 | 1.30 | 1.63 | 1.50 |
| EBITDA MARGIN (%) | 18.89 | 81.41 | 18.05 | 27.72 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| JNK India Limited | 407.3 | 43.64 | 9.51 | 47.71 | 25.45 |
| Thermax Limited | 8,089.81 | 112.90 | 39.98 | 12.24 | 343.67 |
| Bharat Heavy Electricals Limited | 23,364.94 | 186.02 | 1.37 | 1.79 | 77.05 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 74.4 |
| Non-Institutional Investor (NII) | 23.8 |
| Retail Individual Investor (RII) | 4.2 |
| Total | 28.46 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Link Intime India Private Ltd
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- MASCOT CAPITAL AND MARKETING PRIVATE LIMITED
- JNK GLOBAL CO. LTD (FORMERLY KNOWN AS JNK HEATERS CO. LTD)
- ARVIND KAMATH
- GOUTAM RAMPELLI
- DIPAK KACHARULAL BHARUKA
Lead Managers
- IIFL Securities Limited
- ICICI Securities Limited
Company Address
JNK India Limited
Unit No. 203, 204, 205 & 206, Opposite. TMC Office Centrum IT Park, Near Satkar Hotel, Thane -West, Thane 400 604, Maharashtra, India
Phone: + 91-22 6885 8000
Email: compliance@jnkindia.com
Website: www.jnkindia.com
FAQs
- What is the issue size of the JNK India IPO?The JNK India IPO has an issue size of Approx ₹ 649.5 crore. This includes a fresh issue of Aggregating up to ₹ 300 crore and an offer for sale (OFS) of Up to 8,421,052 shares.
- What is the price band of the JNK India IPO?The price band for the JNK India IPO is ₹395 - 415 per share.
- What are the bidding dates for the JNK India IPO?The JNK India IPO will open for bidding on 23 Apr 2024 and close on 25 Apr 2024.
- What is the allotment date for the JNK India IPO?The allotment date for the JNK India IPO is 26 Apr 2024.
- What is the listing date for the JNK India IPO?The listing date for the JNK India IPO is 30 Apr 2024.
- What is the JNK India IPO grey market premium?The grey market premium (GMP) for the JNK India IPO is currently at ₹135, with an expected listing gain of approximately 32.53%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.