JNK India IPO: Price Range Decided, IPO Launching on April 23

JNK India IPO launch: A new era of investment opportunities begins on 23^rd April

JNK India IPO price band: For Indian JNK (J.N. Khandelwal) Limited IPO, the price band has been set between ₹395 to ₹415 per equity share, having a face value of ₹2. The first tranche of issues of this highly anticipated IPO will begin from Tuesday, April 23, until Thursday, April 25, and this could set the tone for more names to come into the market. The anchor investors for the JNK India IPO distribution will be held on Monday, 22nd April.

The trading will happen at a floor price of 197.50 multiples of the issue face value and a ceiling price of 207.50 multiples of the issue face value. To partake in this offering, (potential) investors will have to bid at least for three dozen units or, if this share count is not possible, for a multiple of 36 equity shares.

The IPO company will keep at least 15% of its shares for NII investors, an upper limit of 50% of the shares for QIB buyers, and no lower than 35% of which will be made available to retail investors.

The calendar date for finalizing the basis of the share allotment is Friday, April 26, 2019. The company will provide the refund effective from Monday, April 29th. Therefore, the allottees will receive their refund, which will be credited to their demat account on the same day as well. April 30 is the day on which foreign investors will get the opportunity to buy JNK India shares on BSE and NSE.

JNK India is a manufacturer of "Heating Equipment" that incorporates boilers, reformers, cracking furnaces, and process-fired heaters. Such equipment is integral to the process industries, which include petrochemical, fertilizer, and oil and gas refineries.

The company can perform functions such as research, engineering, manufacturing, supply, installation, and commissioning for its heating equipment in both the local and international markets.

JNK India is a manufactured product of "Heating Equipment," which encompasses reformers, cracking furnaces, and process-fired heaters. These items are essential in the operation of process industries such as petrochemicals, fertilizers, and oil and gas refineries.

We can not only develop, create, manufacture, supply, install, and commission heating systems, but we also sell our products globally.

Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited, and Numaligarh Refinery Limited are perhaps what our company caters to domestically.

The company's peers listed on the stock exchange are Thermax Ltd (with a P/E of 112.90) and Bharat Heavy Electricals Ltd (with a P/E of 186.02).

The fiscal year ending 31 March 2023 saw JNK India's revenue grow by 38.5% compared to the same period last year and profit after tax (PAT) increase by 28.84%.