JNK India IPO bidding started from April 23, 2024 and ended on April 25, 2024. The allotment for JNK India IPO was finalized on Friday, April 26, 2024. The shares got listed on BSE, NSE on April 30, 2024.
IPO Size: 16,015,988 shares (664.66 Cr) Fresh Issue: 7,594,936 shares (315.19 Cr) Offer for Sale (OFS): 8,421,052 shares (349.47 Cr) Subscription Dates: April 23, 2024 to April 25, 2024 Expected Allotment: Friday, April 26, 2024 Listing Date (Tentative): April 30, 2024 Price Band: ₹395 to ₹415 per share Retail Investors: ₹.14,940 (36 shares) Small HNI : ₹.209,160(14 lots, 504 shares) Big HNI : ₹.1,000,980(67 lots, 2412 shares)
| IPO Date | April 23, 2024 to April 25, 2024 |
| Listing Date | April 30, 2024 |
| Face Value | ₹2 per share per share |
| Price Band | ₹395 to ₹415 per share |
| Lot Size | 36 Shares |
| Total Issue Size | 16,015,988 shares (aggregating up to ₹664.66 Cr) |
| Fresh Issue | 7,594,936 (aggregating up to ₹315.19 Cr) |
| Offer for Sale | 8,421,052 shares of ₹2 per share (aggregating up to ₹349.47 Cr) |
| Listing At | BSE, NSE |
| Share holding pre issue | 48,392,000 |
| Share holding post issue | 55,986,936 |
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 4,804,796 (30%) |
| QIB Shares Offered | 3,203,198 (20%) |
| NII (HNI) Shares Offered | 2,402,398 (15%) |
| bNII > Rs.10L | 1,601,599 (10%) |
| sNII < Rs.10L | 800,799 (5%) |
| Retail Shares Offered | 5,605,596 (35%) |
| Total Shares Offered | 16,015,988 (100%) |
The JNK India Limited IPO achieved a subscription rate of times The retail category subscribed times, the QIB category subscribed times, and the NII category subscribed times. Review the subscription details on a day-to-day basis (live status).
| Investor Category | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Qualified Institutions | 3,203,198 | |||
| Non-Institutional Buyers | 2,402,398 | |||
| bNII (bids above ₹10L) | 1,601,599 | |||
| sNII (bids below ₹10L) | 800,799 | |||
| Retail Investors | 5,605,596 | |||
| Others | ||||
| Total** | 11,211,192 | 0 | 0.00 | 0.00 |
JNK India Limited IPO raises ₹ 194.84 crore from anchor investors. JNK India Limited IPO Anchor bid date is April 22, 2024. JNK India Limited IPO Anchor Investors list
| Bid Date | April 22, 2024 |
| Shares Offered | 4694989 |
| Anchor Portion Size (In Cr.) | 194.84 |
| Anchor lock-in period end date for remaining shares (90 Days) | July 25, 2024 |
JNK India Limited IPO opens on April 23, 2024 and closes on April 25, 2024.
| 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 confirmation | 05:00 pm, April 25, 2024 |
Investors can bid for a minimum of 36 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹ 14,940 |
| Retail (Max) | 13 | 468 | ₹ 194,220 |
| S-HNI (Min) | 14 | 504 | ₹ 209,160 |
| S-HNI (Max) | 66 | 2376 | ₹ 986,040 |
| B-HNI (Min) | 67 | 2412 | ₹ 1,000,980 |
The promoters of the company are Mascot Capital and Marketing Pvt. Ltd., JNK Heaters Co. Ltd, Arvind Kamath, Gaoutam Rampelli, and Dipak Kacharulal Bharuka
| Share Holding Pre Issue | 94.56% |
JNK India Limited was incorporated in 2010 and is engaged in the design, manufacture, supply, installation, and commissioning of process-fired heaters, reformers and cracking furnaces.
The company has completed projects in Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu and West Bengal and has implemented projects globally, including in Nigeria and Mexico. As of March 31, 2023, the company has served over 17 clients in India and seven clients overseas. The domestic clients include Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited and Numaligarh Refinery Limited.
All products in JNK India Limited are manufactured as per the requirements of the customer and in accordance with the applicable standards. The manufacturing is done at the in-house manufacturing facilities and/or third-party vendors. One of the manufacturing facilities is located in the Multi-Product Special Economic Zone in Mundra, Gujarat, where production is exclusively for export. It is spread over an area of about 20,243 square metres with an installed capacity of 5,000 metric tonnes for manufacturing and modularization per annum.
As of March 31, 2023, the company had 192 permanent employees.
The company intends to use the net proceeds from the issue to finance the following objects:
JNK India Limited
Unit No. 203, 204, 205 & 206,
Opposite TMC Office Centrum IT Park,
Satkar Hotel, Thane-West, Thane - 400604
Phone: +91-22 6885 8000
Email: compliance@jnkindia.com
Website: http://www.jnkindia.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: jnk.ipo@icicisecurities.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
| Listing Date | April 30, 2024 |
| BSE Script Code | 544167 |
| NSE Symbol | JNKINDIA |
| ISIN | INE0OAF01028 |
| Final Issue Price | ₹ 415 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 415 | ₹ 415 |
| Open | ₹ 621 | ₹ 620 |
| Low | ₹ 621 | ₹ 621 |
| High | ₹ 712 | ₹ 712 |
| Close Price | ₹ 694.55 | ₹ 693.95 |
JNK India Limited IPO is a main-board IPO of 16,015,988 equity shares of the face value of ₹ 2 per share aggregating up to ₹ 300 Crores. The issue is priced at ₹395 to ₹415 per share. The minimum order quantity is 36 Shares.
The JNK India Limited IPO opens on April 23, 2024 and closes on April 25, 2024.
Retail Investors: ₹.14,940 (36 shares) Small HNI : ₹.209,160(14 lots, 504 shares) Big HNI : ₹.1,000,980(67 lots, 2412 shares)
The finalization of Basis of Allotment for JNK India Limited IPO will be done on Friday, April 26, 2024, and the allotted shares will be credited to your demat account by Monday, April 29, 2024. Check the JNK India Limited IPO allotment status.