JNK India IPO: Check date for public subscription, price band and more - Hindustan Times

JNK India IPO: Check date for public subscription, price band and more

Apr 21, 2024 01:54 PM IST

JNK India IPO is set to enter the markets with a share sale valued at ₹650 crore.

The stock markets may not have done very well last week, but there will be no let up in the action in the initial public offering (IPO) sphere with a number of new issues set to make their debut. Notably, the combined mcap of the top six firms was eroded by 1.40 lakh crore and the BSE benchmark dropped 1,156.57 points or 1.55 per cent last week. Be that as it may, the coming week will be marked by the arrival of the heating equipment maker JNK India's 650-cr IPO, which is set to open on April 23.

Check out all the details of the upcoming JNK India IPO now.
Check out all the details of the upcoming JNK India IPO now.

Read More: TCS, Infosys, SBI, ITC, HUL, ICICI shed 1.4 lakh cr in market cap

Check out the details below in brief.

* JNK India is coming into the market with a 650-crore initial public offering (IPO)

Now catch your favourite game on Crickit. Anytime Anywhere. Find out how

* JNK India IPO price band is in the range of 395-415 per share.

* JNK India IPO date for public subscription is between April 23-25

* JNK India IPO anchor investors' bidding date has been set for April 22.

* JNK India IPO consists of a fresh issue component of equity shares worth up to 300 crore

Read More: Varyaa Creations IPO GMP and other details in brief ahead of launch

* JNK India Offer-for-Sale (OFS) component is of up to 84.21 lakh equity shares via promoters (Dipak Kacharulal Bharuka, Goutam Rampelli, JNK Heaters and Mascot Capital and Marketing) and an existing shareholder (Milind Joshi).

* JNK India IPO price band, at the upper end, has been pegged at 650 crore.

* JNK India IPO fresh issue proceeds will go towards general corporate purposes and working capital needs.

* JNK India has reserved as much as half of the issue for qualified institutional buyers, and 35 per cent for non-institutional investors. Retail investors’ quota has been limited to 15 per cent.

* JNK India IPO investors can bid for a minimum lot of 36 equity shares and in multiples thereof.

* JNK India equity shares are set for listing on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

* JNK India IPO book-running lead managers are IIFL Securities and ICICI Securities.

Read More: iPhone 14 price cut: Get amazing 16% discount on Amazon; know how much you will need to pay

About JNK India

The company is involved in thermal designing, engineering, manufacturing, supplying, installing, and commissioning heating equipment. It serves the oil and gas refineries, fertilizers, hydrogen and methanol plants, and petrochemicals.

Its consolidated revenue from operations has jumped as much as 37.42% to 407.30 crore for FY23, from 296.40 crore a year ago and net profit increased by 29 per cent to 46.36 crore as compared to 35.98 crore.

JNK India order book is worth 845 crore (as on December 31, 2023).

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

See more

Get latest updates on Petrol Price along with Gold Rate , Today Weather and Budget 2024 at Hindustan Times.

Share this article
Story Saved
Live Score
Saved Articles
My Reads
Sign out
New Delhi 0C
Sunday, June 23, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On