JNK India Ltd. IPO

JNK India Limited is a leading Indian manufacturer of industrial heating equipment like process fired heaters, reformers, and cracking furnaces. They cater to domestic and international markets, serving industries like oil & gas refining, petrochemicals, and fertilizers. Their services encompass the entire project lifecycle, from design and engineering to installation and commissioning. JNK India stands out for its experience in remote locations and has a proven safety record, receiving recognition from clients for completing projects on time and achieving zero-incident milestones.

RHP
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DRHP
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Open Date

2024-04-23

Close Date

2024-04-25

Company Financials

You can get the following financial statements of JNK India Ltd. as of now.

The details about the JNK India Limited IPO is as:

  • The issue size of the JNK India Limited IPO is 649.47 Cr.
  • The price band for JNK India Limited IPO is Rs 395 to Rs 415.
  • The shares of JNK India Limited IPO will list on 30h April 2024.
  • The latest tentative GMP of JNK India Limited IPO is Rs 85.
  • The shares of JNK India Limited IPO is subscribed 28.46 Times as of 25th April 2024.

 

JNK India Limited IPO Valuation

The approx valuation of JNK India Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 415
Existing Shares (Qty) 4.83 Cr
Fresh Issue 300 Cr
Market Cap 2304.45 Cr
EPS (FY23) Rs 9.66
PE Ratio 42.96x
Industry PE 149.46x

 

JNK India Limited IPO Issue Size

JNK India Limited IPO issue size is 649.47 Cr

Issue Amount
Fresh Issue 300 Cr
Offer For Sale 349.47 Cr

 

JNK India Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 36 shares and a maximum of 13 lots of 468 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 36 14,940
 Maximum 13 468 1,94,220

 

JNK India Limited IPO share offer

The shares of JNK India Limited IPO is subscribed 28.46 Times as of 25th April 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 74.40 Times
Non-Institutional Minimum 15% 23.80 Times
Retail Individual Minimum 35% 4.20 Times
Total   28.46 Times

Find below the dates for JNK India Limited IPO:

Schedule Date
Basis of Allotment 26 April 2024
Refunds 29 April 2024
Credit to Demat Account 29 April 2024
IPO Listing Date 30 April 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 121.51 289.12 405.34 477.1
Total Expenditure 96.38 235.53 335.18 376.45
Operating Profit 25.13 53.59 70.16 100.65
Other Income 0.61 0.72 4.26 2.88
Interest 1.53 3.78 5.03 9.97
Depreciation 1.41 2.73 6.31 5.62
Exceptional Items 0.01 0 0 0
Profit Before Tax 22.81 47.79 63.08 87.94
Provision for Tax 6.33 11.84 16.45 26.2
Net Profit 16.48 35.95 46.63 61.74
Adjusted EPS (Rs.) 0.34 0.75 0.97 1.28

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 0.6 9.6 9.6 9.68
Total Reserves 36.22 62.54 112.8 185.01
Borrowings 0.25 2.69 3.24 2.62
Other N/C liabilities 1.98 8.23 23.11 13.36
Current liabilities 77.81 183.48 186.28 313.34
Total Liabilities 116.86 266.55 335.03 524.01
Assets
Net Block 3.47 20.08 20.72 23.4
Capital WIP 0 0 0 3.48
Intangible WIP 0 0 0 0
Investments 0 0.01 0.11 0.11
Loans & Advances 0.42 6 9.07 13.54
Other N/C Assets 7.31 2.3 0.13 12.99
Current Assets 105.66 238.17 305 470.48
Total Assets 116.86 266.55 335.03 524.01
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024 Jun 2024 Sep 2024
Other Income 0.82 2.77 3.56
Profit Before Tax 27.83 7.45 11.5
Tax 11.63 0.93 4.05
Profit After Tax 16.2 6.52 7.45
Adjusted EPS (Rs) 3.35 1.17 1.34

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 67.98 0
Jun 2024 67.97 0
Mar 2024 67.97 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 22.81 47.79 63.08 87.94
Adjustment 5.94 7.64 13.84 24.57
Changes in Assets & Liabilities -10.59 -10.74 -69.49 -110.13
Tax Paid -5 -11.85 -15.02 -11.97
Operating Cash Flow 13.16 32.84 -7.59 -9.6
Investing Cash Flow -8.24 -24.67 -24.29 -14.82
Financing Cash Flow -0.31 5.94 24.92 14.49
Net Cash Flow 4.61 14.11 -6.96 -9.93
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