Jnk India Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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JNK

CMP

741.00

-1.55 (-0.21%)

  • DRHP
₹415

Offer Price

₹ 649.47 Cr

Issue Size

₹ 14,940

Min Investment

28.13x

Times Subscribed

36

Lot size

Time Line

  • 23
    Apr 2024
    Open
  • 25
    Apr 2024
    Close
  • 26
    Apr 2024
    Finalisation of Basis of Allotment
  • 29
    Apr 2024
    Initiation of Refunds
  • 29
    Apr 2024
    Transfer of Shares to Demat Account
  • 30
    Apr 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Geographical expansion with focus on high growth markets to capitalise on the industry tailwinds.

  • Enhance its diversified offerings including renewables.

  • Pursue strategic investment, partnerships and acquisition opportunities and integrate them with its business operations.

Products & Services

  • JNK India Limited is in the business of manufacturing the process fired heaters, reformers and cracking furnaces (together, the "Heating Equipment") that are required in process industries such as for oil and gas refineries, petrochem & fert. industries.

Strengths

  • Established track record with a diverse customer base.

  • Well-positioned to capture industry tailwinds through its demonstrated capabilities over time.

  • Diversifying product portfolio to cater to varied industries.

  • Demonstrated financial performance with a robust Order Book reflecting revenue visibility for last three Fiscals.

  • Skilled and experienced Promoters and management team with committed employee base.

Risks

  • The company derives a significant portion of its revenue from orders which are contracted to the company by Contracting Customers, any failure to obtain new contracts may impact its revenue from operations, cash flows and financial conditions materially and adversely.

  • The number of orders the company has received in the past, the company current Order Book and its growth rate may not be indicative of the number of orders the company will receive in future. The order wins and any delays in execution of its orders expose it to time and cost overruns and variability in revenue, materially and adversely impacting the company revenue from operations, cash flows and financial conditions.

  • The company is unable to trace some of the historical records and there have been certain instances of regulatory non-compliances in the past. Its may be subject to regulatory actions and penalties for any such past or future non- compliance or delays and its business, financial condition and reputation may be adversely affected.

  • The company has derived majority of its revenues from its Corporate Promoter, JNK Global and use their experience and technology support for select projects. Any kind of dissociation with JNK Global may have an adverse impact on its business, results of operations and cash flows.

  • Availability and cost of raw materials may adversely affect its business, results of operations, financial condition and cash flows. Also, the company does not enter into any long-term contracts with its suppliers.

Company Promoters

Promoters Holding

Issue For IPO
94.56%
Pre Holding

94.56%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 296.40 (115.20%) 407.30 (37.40%) 47.71 (-)
Gross Profit 296.40 (115.20%) 407.30 (37.40%) 47.71 (-)
Net Income 296.40 (115.20%) 407.30 (37.40%) 47.71 (-)
Assets 296.40 (115.20%) 407.30 (37.40%) 47.71 (-)
Liabilities 296.40 (115.20%) 407.30 (37.40%) 47.71 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
JNK India Ltd 407.30 46.36 183.70 61.53 47.71 48.29 127.26 1.99 0.24
Thermax Ltd 8,089.81 450.29 8,838.61 8,838.61 11.64 39.98 343.71 5.09 0.21
Bharat Heavy Electricals Ltd 23,364.94 477.39 59,369.79 59,369.79 1.77 1.37 77.05 0.80 0.20

Book Running Managers

  • IIFL Securities Ltd
  • ICICI Securities Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Unit # 203 204 205 & 206,
Near Satkar Hotel Thane West,
Thane - 400604
Phone : +91 22 6885 8000 Email : compliance@jnkindia.com www.jnkindia.com

Offer Related Information

Initial public offering of 15,649,967 equity shares of face value of Rs. 2 each ("Equity Shares") of JNK India Limited ("The Company" or the "Issuer") for cash at a price of Rs. 415 per equity share (including a share premium of Rs. 413 per equity share) (the "Offer Price") aggregating to Rs. 649.47 crores (the "Offer"), comprising a fresh issue of 7,228,915 equity shares aggregating to Rs. 300.00 crores ("Fresh Issue") and an offer for sale of 8,421,052 equity shares (the "Offered... More

News

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