JNK India Limited IPO
JNK India Limited IPO
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JNK India Limited's successfully transitioned to public market status with its listing on BSE on 30-04-2024. The IPO mobilized 1,60,15,988 Shares in cumulative capital, including 75,94,936 Shares for corporate expansion and ₹349.47 Cr for shareholder liquidity management.
The public offering was conducted within the price parameters of ₹349 to ₹415, with minimum investment lots of 36 shares. subscription activity between 23-04-2024 and 25-04-2024 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on 26-04-2024, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
JNK India IPO About Company
JNK India Limited, founded in 2010, specializes in designing, manufacturing, and installing industrial heating systems like process-fired heaters, reformers, and cracking furnaces. The company operates in India and globally, with completed projects in states like Maharashtra, Tamil Nadu, and West Bengal, as well as in Nigeria and Mexico. Serving top clients like Indian Oil Corporation and Tata Projects, JNK India ensures high-quality manufacturing, either in-house or through trusted vendors. Its Mundra facility in Gujarat, dedicated to exports, has a 5,000 metric tonne annual capacity. With 192 permanent employees (as of March 2023), JNK India remains committed to delivering reliable solutions and maintaining industry excellence.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
JNK India IPO Strength Factors
- Strong Reputation & Happy Clients: With over a decade of experience, JNK India has built a trusted name by successfully completing projects in India and abroad, serving a wide range of clients.
- Quick to Adapt & Grow: The company stays ahead by embracing new industry trends and technologies, helping it seize new opportunities and stay competitive.
- Diverse Product Range for Stability: By offering more than just core products, JNK India reduces risks and opens doors to new markets and long-term growth.
JNK India IPO Risk Factors
- Heavy Dependence on Parent Company: JNK India relies a lot on its corporate promoter, JNK Global, for both revenue and technology support. Any disruption in this partnership could affect operations and financial stability.
- Industry Slowdowns Can Hurt Business: Since the company’s success depends on big industries like oil, gas, and petrochemicals, any slowdown in these sectors could reduce demand for its services and impact earnings.
- Outsourcing Risks: By outsourcing fabrication, JNK India keeps costs low but faces risks like quality issues, supply chain delays, and project disruptions, which could affect profitability.
JNK India IPO Lead Manager(s)
- IIFL Securities Limited
- ICICI Securities Limited
JNK India IPO Promoter(s)
- Mascot Capital and Marketing Pvt. Ltd.
- JNK Heaters Co. Ltd
- Arvind Kamath
- Gaoutam Rampelli
- Dipak Kacharulal Bharuka
JNK India IPO FAQs
JNK India Limited IPO subscribed 28.39 times. The public issue subscribed 4.11 times in the retail category,74.4times in QIB, and 27.73 times in the HNI (10+) category byNovember 26, 2025 11:39:37 AM (Day 26).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
JNK India IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
JNK India IPO FAQs
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