Is JNK India Limited IPO Worth Investing In?
Overview of JNK India Limited JNK India Limited, established in 2010, specializes in the design, manufacturing, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces. With a diverse clientele spanning across India and overseas, the company has garnered a reputation for its commitment to quality and adherence to industry standards.
JNK India Limited has successfully executed projects across various Indian states including Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal. Moreover, its global footprint extends to countries such as Nigeria and Mexico. Notable domestic clients include Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited, and Numaligarh Refinery Limited.
Manufacturing Facilities
The company operates both in-house manufacturing facilities and collaborates with third-party vendors to meet the bespoke requirements of its clientele. One of its key manufacturing units is situated in the Multi-Product Special Economic Zone in Mundra, Gujarat, exclusively designated for export production. Spanning approximately 20,243 square meters, this facility boasts an installed capacity of 5,000 metric tonnes per annum for manufacturing and modularization. Objectives of the Issue
The net proceeds from the IPO will primarily be allocated towards fulfilling the following objectives:
Working Capital Requirements: To facilitate smooth operational processes and ensure adequate liquidity for ongoing projects.
General Corporate Purposes: To support various corporate initiatives aimed at bolstering the company's growth trajectory and enhancing shareholder value.
JNK India Limited IPO: Key Details
IPO Dates: 23 to 25 April 2024
Price Band: ₹395 to ₹415 per share
Lot Size: 36 Shares
Total Issue Size: ₹649.47 Cr
Retail Quota: 35%
GMP: 10%
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