Ten Things to Know About JNK India Limited’s IPO
On April 23, 2024, JNK India Limited will launch its initial public offering (IPO), with the goal of raising Rs 649.47 crore.
JNK India Limited was founded in 2010 and is an expert in the design, production, supply, installation, and commissioning of cracking furnaces, reformers, and process-fired heaters.
The initial public offering (IPO) pricing range for JNK India is Rs 395 to Rs 415 per share. Individual investors must deposit a minimum of Rs 14,940 and submit an application with a minimum lot size of 36 shares.
The minimum investment required of Small Individual Investors (sNII) is Rs 209,160, or 14 lots (504 shares). The minimum investment for Big Individual Investors (bNII) is Rs 1,000,980, or 67 lots (2,412 shares).
These are ten things to be aware of about JNK India Limited’s IPO.
Subscription window: From April 23 to April 25, 2024, subscriptions may be made for JNK India Limited’s initial public offering (IPO).
Price band: The Rs 395 to Rs 415 per equity share price range is defined for the JNK India Limited IPO.
Fundraising target: With a completely new offering of 7.5 million shares, the business hopes to collect Rs 649.47 crore via this IPO.
Division of issues: The IPO consists of an offer for sale of 84 lakh shares, valued at Rs 349.47 crore, and a fresh issuance of 76 lakh shares, valued at Rs 300 crore.
Lot size: 36 business shares make up each lot that investors may apply in for the JNK India Limited IPO in.
Date of allocation: The IPO’s share distribution is anticipated to be finalized on April 26, 2024.
Date of listing: On April 30, 2024, JNK India Limited’s shares will go public on stock markets.
Registrar: The registrar for the JNK India Limited IPO is Link Intime India Private Ltd.
Listing platforms: The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are the two proposed listing venues for the shares.
Financial performance: From the financial year ending on March 31, 2022, to the financial year ending on March 31, 2023, JNK India Limited experienced an increase in revenue of 38.5% and a rise in profit after tax (PAT) of 28.84%.
