Review of JNK India IPO: Should you apply? This is what Anil Singhvi suggests
Apply or not, JNK India IPO review, JNK India IPO information, and JNK India IPO review: Today, April 23, is the public subscription opening for JNK India’s initial public offering (IPO), a manufacturer of heating equipment. The sale, which is priced between Rs 395 and Rs 415 per unit, will end on Thursday, April 25. The IPO price has been set at Rs 650 crore, which is at the top end of the pricing range.
The IPO consists of an offer for sale (OFS) of up to 84.21 lakh equity shares by promoters and an existing shareholder, in addition to a new issuance of equity shares valued up to Rs 300 crore.
Review of JNK India IPO: Should you apply?
Anil Singhvi, managing editor of Zee Business, advises long-term investors to register for the JNK India IPO.
The following crucial details about the JNK India IPO have been noted by the market expert:
Advantages:
seasoned marketers
dominance in the market with a 27% share
Strong order book of INR 845 crore
Model of asset-light business
Entry barriers are causing low competition
minimal borrowings
favourable business outlook
Drawbacks:
Unsatisfactory JNK Global Korea performance
high needs for working capital
So far, business growth isn’t all that spectacular.
Developing a new company line might be dangerous.
The prices are fair, neither very high nor very low.
How is JNK India put to use?
JNK India is a company that manufactures, supplies, installs, and commissions heating equipment and specializes in thermal planning, engineering, manufacturing, and servicing both local and international markets.
