16-Apr-2024
2 mins read
JNK India Limited IPO is open for subscription starting Tuesday, April 23, 2024, and closing on Thursday, April 25, 2024. This upcoming IPO is a book-built issue. The issue is a combination of fresh issue and offer for sale. The fresh issue comprises Rs 300 crores and OFS of 0.84 crore shares. This IPO's price band and lot size details are yet to be announced. The allotment for this IPO is expected to be finalised on Friday, April 26, 2024. JNK India Limited IPO will be listed on both the Bombay Stock Exchange and the National Stock Exchange. The listing date is fixed on Tuesday, April 30, 2024. The QIB shares offered are not more than 50% of the net offer, Retail shares offered are not less than 35% of the offer, HNI shares offered is not less than 15% of the offer. The book-running lead managers of JNK India Limited are IIFL Securities Limited and ICICI Securities Limited. The registrar for this new IPO is Link Intime India Private Limited.
About JNK India Limited
JNK India Limited IPO is open for subscription starting Tuesday, April 23, 2024, and closing on Thursday, April 25, 2024. This upcoming IPO is a book-built issue. The issue is a combination of fresh issue and offer for sale. The fresh issue comprises Rs 300 crores and OFS of 0.84 crore shares. This IPO's price band and lot size details are yet to be announced. The allotment for this IPO is expected to be finalised on Friday, April 26, 2024. JNK India Limited IPO will be listed on both the Bombay Stock Exchange (BSE )and the National Stock Exchange (NSE). The listing date is fixed on Tuesday, April 30, 2024. The QIB shares offered are not more than 50% of the net offer, Retail shares offered are not less than 35% of the offer, HNI shares offered is not less than 15 percent of the offer. The book-running lead managers of JNK India Limited are IIFL Securities Limited and ICICI Securities Limited. The registrar for this new IPO is Link Intime India Private Limited.
Objectives of JNK India Limited IPO
The funds raised from this Initial public offer will be allocated to meet the company's working capital requirements. Other than this the general corporate purposes will also be met.
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Financials of JNK India Limited (Amt in Rs Crore)
JNK India reported a revenue of Rs 256.76 crore and PAT of Rs 46.21 crore for the period ending on 31 December 2023. The company’s revenue increased by 38.5% and PAT increased by 28.84% between the FY ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 453.39 | 337.78 | 268.32 | 125.12 |
| Revenue | 256.76 | 411.55 | 297.14 | 138.45 |
| Profit After Tax | 46.21 | 46.36 | 35.98 | 16.48 |
| Net Worth | 168.56 | 122.17 | 72.18 | 36.82 |
| Reserves and Surplus | 158.88 | 112.57 | 62.58 | 36.22 |
| Total Borrowing | 56.73 | 33.76 | 5.99 | 8.95 |
Other Important Details of JNK India Limited IPO
| IPO Date | April 23, 2024 to April 25, 2024 |
| Listing Date | 30-Apr-24 |
| Face Value | Rs 2 per share |
| Price | Yet to be announced |
| Lot Size | Yet to be announced |
| Total Issue Size | Yet to be announced |
| Fresh Issue | Amounting to Rs 300 crore |
| Offer for Sale | 8,421,052 shares |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 48,392,000 |
Time-Table of JNK India Limited IPO
| IPO Open Date | Tuesday, April 23, 2024 |
| IPO Close Date | Thursday, April 25, 2024 |
| Basis of Allotment | Friday, April 26, 2024 |
| Initiation of Refunds | Monday, April 29, 2024 |
| Credit of Shares to Demat | Monday, April 29, 2024 |
| Listing Date | Tuesday, April 30, 2024 |
| Cut-off time for UPI mandate | 5 PM on April 25, 2024 |
IPO Reservation of JNK India Limited
| Investor Category | Shares Offered |
| QIB Shares | Not more than 50 percent of the Issue |
| Retail Shares | Not less than 35 percent of the Issue |
| NII (HNI) Shares | Not less than 15 percent of the Issue |
Promoters of JNK India Limited and Their Holdings
The promoters of JNK India company are Mascot Capital and Marketing Pvt. Ltd., JNK Heaters Co. Ltd, Arvind Kamath, Gaoutam Rampelli, and Dipak Kacharulal Bharuka.
| Shareholding Pre Issue | 94.56 percent |
| Shareholding Post Issue | - |
Key Performance Indicator of JNK India Limited IPO
| KPI | Values |
| ROE | 31.79% |
| ROCE | 34.73% |
| Debt/Equity | 0.34 |
| RoNW | 31.79% |
| PAT Margin | 18.24 |
Lead Manager(s) of JNK India Limited IPO
The lead manager for JNK India Limited IPO is IIFL Securities Limited and ICICI Securities Limited.
How do you apply for the JNK India Limited IPO?
Wait for the public issue to open for subscription, then visit Bigul website to apply for the JNK India Limited IPO with Bigul.
How do you check the allotment status of JNK India Limited IPO?
The registrar for JNK India Limited IPO is Link Intime India Private Limited. To check your allotment status, please click here.
FAQs
1. What is JNK India Limited IPO 2024?
JNK India Limited IPO is a book-built issue. The issue is a mixture of fresh issue and offer for sale. The fresh issue comprises Rs 300 crores and OFS of 0.84 crore shares. The price band and lot size details of this IPO is yet to be announced. The allotment for this IPO is expected to be finalised on Friday, April 26, 2024.
2. Who are the lead managers for the JNK India Limited IPO?
IIFL Securities Limited and ICICI Securities Limited are appointed as the lead managers for the IPO.
3. What is the role of Bigshare Services Private in this IPO?
Link Intime India Private Limited is the registrar for JNK India Limited, handling the IPO's administrative aspects.
4. How can I apply for the JNK India Limited IPO?
The public subscription of this IPO will open on April 23, 2024. Visit the Bigul website for the application process.
5. How will the net proceeds from the IPO be utilised?
The funds raised from this Initial public offer will be allocated to meet the company's working capital requirements. Other than this the general corporate purposes will also be met.
6. How can I check the allotment status of the IPO?
Investors can check the allotment status of the JNK India Limited IPO 2024 by visiting here.
7. What is the financial performance of JNK India Limited?
JNK India reported a revenue of Rs 256.76 crore and PAT of Rs 46.21 crore for the period ending on 31 December 2023. The company’s revenue increased by 38.5% and PAT increased by 28.84% between the FY ending with March 31, 2023 and March 31, 2022.
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