JNKINDIA IPO overview! Issue Size, GMP, Issue Price, Listing Price, and All Details to Know Jnk India Limited.
JNK India designs and manufactures process-fired heaters. Clients include Tata Projects, Indian Oil, and Rashtriya Chemicals.
About Jnk India Limited
JNK India specializes in thermal design, engineering, and manufacturing of heaters, reformers, and cracking furnaces. As of March 2023, we’ve served 17 domestic and seven international customers. We supply heating equipment to 11 out of 24 operating oil refineries in India. We collaborate with JNK Heaters, a KOSDAQ-listed company, and hold ISO certifications with an experienced management team.
JNKINDIA IPO Details
- Company: Jnk India Limited
- Offer Dates: 23rd — 25th Apr
- Price Range: 395 – 415
- Total Shares: 14220
- Quantity: 36 Qty.
- Offer Start: 2024-04-23
- Offer End: 2024-04-25
- Allotment: 2024-04-26
- Refund Initiation: 2024-04-29
- Demat Transfer: 2024-04-29
- Listing Date: 2024-04-30
- Mandate End: 2024-05-10
GMP of Jnk India Limited
Jnk India limited ipo gmp is ₹85 as of today.
| GMP Date | IPO GMP |
| 25-04-2024(Closed) | ₹85 |
| 24-04-2024 | ₹25 |
| 23-04-2024(Open) | ₹25 |
PROMOTERS OF JNKINDIA
- Mascot Capital and Marketing Private Limited
- JNK Global Co. Ltd (formerly JNK Heaters Co. Ltd)
- Arvind Kamath
- Goutam Rampelli
- Dipak Kacharulal Bharuka
FINANCIAL
Summary of Financial Information of Jnk India Limited.
Revenue Breakdown (in ₹ million)
| Particulars | Nine months ended Dec 31, 2023 | Fiscal 2023 | Fiscal 2022 | Fiscal 2021 |
|---|---|---|---|---|
| Revenue from Indian market | 2,069.23 | 1,265.05 | 729.91 | 499.18 |
| Revenue from overseas market | 464.70 | 2,800.46 | 2,158.10 | 868.81 |
| Other operating revenue | Nil | 7.51 | 75.95 | 9.22 |
| Total | 2,533.93 | 4,073.02 | 2,963.96 | 1,377.21 |
Financing Arrangements (in ₹ million)
| Particulars | Nine months ended Dec 31, 2023 | Fiscal 2023 | Fiscal 2022 | Fiscal 2021 |
|---|---|---|---|---|
| Business Advance – Dipak Bharuka | 1.06 | 2.12 | 0.60 | – |
| Dividend Paid | 13.73 | 13.68 | 5.70 | 6.00 |
| Reimbursement of Expenses – Total | 1.20 | 4.00 | 0.97 | 0.38 |
| Interest on Loan Receivable | 0.39 | 0.01 | 0.00 | 0.00 |
| Interest on Loan Taken | 0.29 | 0.04 | 0.19 | – |
| Loan Given | 8.45 | 5.00 | – | 30.00 |
| Loan Taken | 72.50 | 35.00 | 20.00 | – |
| Loan Repaid | 52.50 | 35.00 | – | – |
Technical Service Charges & Professional Fees (in ₹ million)
| Particulars | Nine months ended Dec 31, 2023 | Fiscal 2023 | Fiscal 2022 | Fiscal 2021 |
|---|---|---|---|---|
| Technical Service Charges | 6.82 | 35.28 | – | – |
| Legal, Professional & Consultancy Charges | 19.97 | 60.25 | 28.08 | 22.22 |
Purchase of Goods (in ₹ million)
| Particulars | Nine months ended Dec 31, 2023 | Fiscal 2023 | Fiscal 2022 | Fiscal 2021 |
|---|---|---|---|---|
| Purchase of Goods | 0.69 | 151.16 | – | – |
Rent Paid (in ₹ million)
| Particulars | Nine months ended Dec 31, 2023 | Fiscal 2023 | Fiscal 2022 | Fiscal 2021 |
|---|---|---|---|---|
| Rent Paid | 2.11 | 2.79 | 2.02 | – |
BOARD OF DIRECTORS
Arvind Kamath is the Chairperson and Whole Time Director with a background in chemical engineering and extensive experience in the capital equipment industry.
Goutam Rampelli serves as the Whole Time Director with degrees in chemical engineering and a focus on the fired heaters and reformer packages industry.
Dipak Kacharulal Bharuka is the Whole Time Director and CEO with a background in Mechanical Engineering an Executive MBA, and experience in fired heaters and reformer packages.
Bang Hee Kim is a Non-Executive Director with a science degree, previous association with DL E&C CO., and experience in fired heaters and reformer packages industry.
Balraj Kishor Namdeo is an Independent Director with degrees in engineering and industrial management, and experience in oil, gas, and petrochemical industries.
Sudha Bhushan is an Independent Director with a commerce background, a fellow member of ICAI, and experience in finance and valuation.
Raman Govind Rajan is an Independent Director with degrees in chemical engineering and an MBA, and experience in the oil, gas, and fertilizers industries.
Mohammad Habibulla is an Independent Director with a master’s degree in chemical engineering and experience in the hydrocarbon industry.
Also Read: SHIVAM IPO overview! Issue Size, GMP, Issue Price, and All Details to Know
Stock market disclaimer
Note: The information that we provide is based on our analysis, do your research before making an investment decision stock market disclaimer.
What is the IPO GMP for JNK India Limited?
The IPO GMP for JNK India Limited is ₹85.
What is the current share price of JNK India Ltd?
The current share price of JNK India Ltd is 415.
What is the turnover of JNK India Limited?
The turnover for the net working capital turnover ratio is as follows:
Nine months ended December 31, 2023: 1.50
Fiscal 2023: 3.02
Fiscal 2022: 11.65
Fiscal 2021: 3.14
What products does JNK India Limited offer?
JNK India offers heating equipment like reformers, and cracking furnaces, essential for industries like petrochemicals and refineries.
Who is the owner of JNK India Pvt Ltd?
Dipak Kacharulal Bharuka is the owner of JNK India Pvt Ltd.
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