JNK India Ltd (MAINBOARD)
Apr 23, 2024 - Apr 25, 2024
| Price | ₹395 - ₹415 |
| Premium | ₹135 |
|---|---|
| Lot size | 36 |
| Allotment | Apr 26, 2024 |
| Listing | Apr 30, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 36 | 14940 | 152152 |
| sHNI | 14 | 504 | 209160 | 1553 |
| bHNI | 67 | 2412 | 1000980 | 3105 |
Last Updated as on 25-Apr-2024 17:54:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 3129903 | 232853724 | 74.4 |
| HNIs | 2347497 | 55713708 | 23.73 |
| HNIs (10+L) | 1564997 | 43404840 | 27.73 |
| HNIs (2-10L) | 782500 | 12308868 | 15.73 |
| Retail | 5477489 | 22487976 | 4.11 |
| Total | 10954889 | 311055408 | 28.39 |
| Total Application : 408,973 | |||
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹41.45 | @8% ₹47.37 | @9% ₹53.29 | @10% ₹59.21 | @11% ₹65.14 | @12% ₹71.06 |
| Big HNI (10+L) Cost per lot (7 Days) |
|---|
| Assuming fix interest of ₹2000 per application Big HNI (10+L) costing for every 1 lot allotment is ₹11092 |
TOP 5 ANCHOR DETAILS
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| NIPPON LIFE INDIA TRUSTEE LTD A/C NIPPON INDIA SMALL CAP FUND | 529668 | 11.28% | 21.98 |
| GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO | 528768 | 11.26% | 21.94 |
| MIRAE ASSET FLEXI CAP FUND | 385092 | 8.20% | 15.98 |
| HEREFORD FUNDS - 360 ONE FOCUSED INDIA FUND | 385092 | 8.20% | 15.98 |
| ALLIANZ GLOBAL INVESTORS FUND - ALLIANZ INDIA EQUITY | 385092 | 8.20% | 15.98 |
JNK India Limited, incorporated in 2010, specializes in the design, manufacturing, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces. Operating both domestically and internationally, the company has completed projects across various states in India, including Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal. Additionally, it has successfully served clients in Nigeria and Mexico. As of March 31, 2023, JNK India Limited has catered to over 17 domestic clients, including Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited, and Numaligarh Refinery Limited. Its manufacturing operations adhere to customer requirements and applicable standards, conducted either in-house or through trusted third-party vendors. Notably, one of its manufacturing facilities, located in the Multi-Product Special Economic Zone in Mundra, Gujarat, is dedicated to export activities, boasting an installed capacity of 5,000 metric tonnes per annum across an area of about 20,243 square meters. The company's workforce comprises 192 permanent employees as of March 31, 2023, reflecting its commitment to quality and expertise in the industry.
IPO Details
| Total Issue Size | [16,015,988] shares (aggregating up to [649.47] Cr) |
| Fresh Issue | [7,594,936] shares (aggregating up to 300.00 Cr) |
| Offer for Sale | 8,421,052 shares (aggregating up to [349.47] Cr |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 4,83,92,000 |
| Share holding post issue | 5,59,86,936 |
IPO Reservations
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Key Performance Indicators
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 31.79% | 47.71% | 66.03% |
| ROCE | 34.73% | 57.17% | 83.25% |
| RONW | 31.79% | 47.71% | 66.03% |
| D/E | 0.34 | 0.28 | 0.08 |
| EPS (diluted) | 9.49 | 9.51 | 7.5 |
| P/BV | 11.92 | ||
| P/E Pre IPO | 43.32 |
Financial Information (Restated Consolidated)
| Period Ended | Dec-23 | Mar-23 | Mar-22 | Mar-21 |
|---|---|---|---|---|
| Assets | 453.39 | 337.78 | 268.32 | 125.12 |
| Revenue | 256.76 | 411.55 | 297.14 | 138.45 |
| Profit After Tax | 46.21 | 46.36 | 35.98 | 16.48 |
| Net Worth | 168.56 | 122.17 | 72.18 | 36.82 |
| Reserves and Surplus | 158.88 | 112.57 | 62.58 | 36.22 |
| Total Borrowing | 56.73 | 33.76 | 5.99 | 8.95 |
| Amount in Crore | ||||
Strength Factors
Proven Track Record, Diverse Clientele: With a decade of successful projects in India and abroad, JNK India Limited has earned a reputation for reliability and excellence, serving a wide range of satisfied clients.
Strategic Agility to Seize Industry Opportunities: Positioned to leverage industry trends and technological advancements, JNK India Limited adapts swiftly to emerging opportunities, ensuring continued growth and competitiveness.
Diversified Product Portfolio for Market Resilience: By expanding beyond its core offerings, JNK India Limited reduces dependency on specific sectors or regions, enhancing resilience and exploring new avenues for sustainable growth.
Risk Factors
Dependency on Corporate Promoter and Technology Support: JNK India Limited relies heavily on its Corporate Promoter, JNK Global, for significant revenue and essential technology support. Any disruption in this relationship could adversely impact the company's operations and financial stability.
Sensitivity to Industry Downturns: The company's revenue is closely tied to the capital expenditure of sectors like oil and gas, petrochemicals, and fertilizers. Any downturn in these industries could lead to reduced demand for JNK India Limited's services, affecting its financial performance.
Risk of Outsourcing Fabrication Process: While outsourcing fabrication to third-party fabricators keeps JNK India Limited asset-light, it exposes the company to quality control issues, supply chain disruptions, and project delays, posing significant risks to project execution and profitability.
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