JNK India Limited

CLOSED

IPO Date: 23 Apr - 25 Apr 2024

Listing Date: 30 Apr 2024

Price Range

₹395 to ₹415 per share

Issue Size

649.47 Cr

Min Investment

14,220

Lot Size

36 Shares

Schedule of JNK India Limited

Issue open date

23 Apr 2024

Issue close date

25 Apr 2024

UPI mandate deadline

25 Apr 2024 (5 PM)

Allotment finalization

26 Apr 2024

Share credit

29 Apr 2024

Listing date

30 Apr 2024

Mandate end date

10 May 2024

Issue size

Funds Raised in the IPOAmount
Overall649.47 Cr
Fresh Issue0 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date26 Apr 2024
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
30 Apr 2024415135550 (32.53%)
29 Apr 2024415130545 (31.33%)
28 Apr 2024415117532 (28.19%)
27 Apr 2024415114529 (27.47%)
26 Apr 2024415107522 (25.78%)
25 Apr 202441585500 (20.48%)
24 Apr 202441525440 (6.02%)
23 Apr 202441525440 (6.02%)
22 Apr 202441515430 (3.61%)
21 Apr 20244150415 (0%)
20 Apr 20244150415 (0%)

Performance JNK India Limited

Issue PriceListing GainCurrent Market PriceP/L
₹395 to ₹415 per share 3295 (67.36%) 334.7-19.35%

About JNK India Limited

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.

Founded in2010
Managing director
Parent organization

Financial Overview

Strengths

    Risks

      Subscription Figures

      CategorySubscription (No. of times)
      Qualified Institutional Buyers (QIBs)74.4
      Non-Institutional Investors (NIIs)23.8
      Retail Individual Investors (RIIs)4.2
      EmployeeN/A
      Total28.46