loader2
Partner With Us NRI
IPOLogoImage

JNK India IPO

14,940
Minimum Investment

Price Range (₹)

Rs. 395 –Rs. 415

Issue Size (₹ in Cr.)

Up to 649.47 Cr

Minimum Quantity

36 Shares

Bidding Period

Apr 23 - Apr 25 , 2024
Open An Account

JNK India IPO Issue timeline

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

About the JNK India IPO

- One of the leading Heating Equipment companies in India in terms of new order booking between Fiscal 2021 to Fiscal 2023
- Have capabilities in thermal designing, engineering, manufacturing, supplying, installing and commissioning process fired heaters, reformers and cracking furnaces
- They have commenced operations in 2010 .As of March 31, 2023, they have served 17 Customers in India and seven Customers overseas.

Read More

Strengths

Market leader of process fired heaters in India with established track record
They are one of the well-recognized process fired heater companies in India, having a market share of approximately 27% in the Indian Heating Equipment market, in terms of new order booking in Fiscal 2023. They believe that they have built a diverse Customer base with over more than a decade of presence in the Heating Equipment industry. (source: Company DRHP)

Diversifying product portfolio to cater to varied industries
Their Company receives orders from domestic and overseas oil and gas refining, petrochemical and fertilizers companies. Their diversified Customer base has helped them in expanding their markets and improve profitability. Their customers are primarily from, amongst others, the oil and gas, petrochemical and fertilizers industries. (Source: Company DRHP)

Demonstrated financial performance with a robust Order Book reflecting revenue visibility
For Fiscals 2021 to 2023, their revenue from operations, EBITDA and profit after tax had grown at a CAGR of 71.97%, 68.09% and 67.75%, respectively, demonstrating growth in their financial performance in recent years. Further, their Order Book to sales ratio has doubled from 1.04 times for Fiscal 2021 to 2.13 times for Fiscal 2023(Source: Company DRHP)

Risks

Subject to strict performance requirements
Given the nature of their products and the sectors they cater to, inability of their products to meet the performance criteria and standards may lead to invocation of performance bank guarantee and liability claims and cancellation of future orders, any of which could have a material adverse effect on business, financial condition, results of operations and cash flows. (Source: Company DRHP)

Expansion into new business lines may not be successful.
They have recently diversified into renewable energy systems. While, they believe that they have the requisite technological and infrastructural capabilities, they cannot assure that they will be able to successfully enter into hydrogen energy industry and Solar PV-EPC markets or that their products and engineering solutions will be successful. (Source: Company DRHP)

Financials

  • Net Worth
  • Total Borrowings
  • Profit/Loss for the Year
  • Earning Per Share

Industry Trends

- Market size and market share analysis of Heating Equipment: Approximately ₹ 22,000 million of heating equipment have been ordered in Fiscal 2023. Majority of these orders have come from PSU refineries. With strong pipeline of Oil & Gas downstream projects till calendar year 2030, the order booking is likely to increase in the coming years.


- India’s progress towards Green Hydrogen: Indian Government aims to transform India into an energy independent nation by calendar year 2047 where green hydrogen will play an active role as an alternate fuel to petroleum/ fossil-based products. In calendar year 2020, India’s hydrogen demand stood at 6 MT per year. It is estimated that by calendar year 2030, the hydrogen costs will be down by 50 per cent.

Subscription Status

Retail Individual Investor
Non-Institutional Investor
Qualified Institutional Buyers
Overall

Why invest in IPO through ICICIdirect

Paperless

Applications

Hassle-free

refunds

Convenient investments

within a few clicks
Multiple modes

of application

Follow 3 simple steps TO APPLY IPO

  • Directly from Bank A/c

    For ICICI Bank linked A/c

  • Using UPI

    For non ICICI Bank A/c

  • lock-in of 3 years
    Select IPO

    Go to the IPO section, select the IPO you want to apply from the list and click on ‘Apply’.

  • lock-in of 3 years
    Fill in the required details

    Fill in the quantity of the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

  • lock-in of 3 years
    Confirm your request

    Click on proceed to confirm the order. You can view the placed order under “order book”.

stepstoapplyiponew1
stepstoapplyiponew2
stepstoapplyiponew3
  • lock-in of 3 years
    Select IPO

    Choose the IPO you want to apply from the list. Click on Apply.

  • lock-in of 3 years
    Fill in the required details

    Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

  • lock-in of 3 years
    Confirm your request

    Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.

stepstoapplyiponew1
stepstoapplyiponew5
stepstoapplyiponew4

Features & Benefits ICICIdirect

Trusted by

75 lakh+

customers

45+

Investments & Liability Products

One Click

Investment Basket

Access to

Award-winnin

JNK India IPO FAQs

The lot size is 36 shares and minimum investment required is Rs. 14,940 for JNK India IPO

JNK India IPO is mainboard IPO of issue size up to Rs.649.47 Crores

JNK India IPO issue dates are from 23rd – 25th Apr, 2024.

The allotment date is 26th Apr, 2024 and listing date is 30th Apr, 2024 for JNK India IPO.

Head to IPO section on ICICI Direct website and select JNK India IPO. Enter and submit bid details and then click on proceed to apply once you cross-check all the bid details. It’s that simple!!

The price band of JNK India IPO is Rs.395 – Rs.415.

The book runners for the JNK India IPO are ICICI Securities Ltd, IIFL Securities Ltd

The objectives of JNK India IPO are 

1. Funding working capital requirements and

2. General corporate purposes.

Download App

Download Our App

Play Store App Store
market app
 

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.