JNK India Limited
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₹135(32.53%)
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JNK India Limited's successfully transitioned to public market status with its listing on BSE on Apr 30, 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 Apr 23, 2024 and Apr 25, 2024 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Apr 26, 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 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."
- 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.
- 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.
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