#NSE0001 – JNK India IPO: Fueling Future Growth in Energy Solutions As a frontrunner in the process fired heater market in India, JNK India is now set to expand its horizons through its Initial Public Offering (IPO) scheduled from April 23, 2024, to April 25, 2024. With a robust market capitalization of Rs 2308.27 Cr, JNK India presents a compelling investment opportunity in the energy sector.
Company Overview
JNK India specializes in the design, engineering, manufacture, supply, installation, and commissioning of process fired heaters, reformers, and cracking furnaces. A testament to its industry prowess, JNK India has successfully catered to 17 domestic and seven international clients. It boasts of its association with seven out of the 12 oil refining companies in India and has extended its expertise to 11 of the 24 operating oil refineries across the country.
Moreover, JNK India is strategically pivoting towards renewable energy. It is developing capabilities in onsite hydrogen production and Solar PV-EPC projects. Leveraging the technical expertise of JNK Heaters, the company is poised to capitalize on burgeoning opportunities in India’s renewable energy landscape.
Product and Service Portfolio
JNK India’s offerings are bifurcated into two primary segments:
Heating Equipment: Including process fired heaters and related systems essential for the oil refining and petrochemical industries.
Flares, Incinerators, and Others: A range that underscores the company’s commitment to environmental sustainability and compliance.
IPO Details
Price Band: ₹395 to ₹415 per share
Lot Size: 36 shares
Face Value: ₹2 per share
Listing Date: April 30, 2024
Investors can check the allotment status via the IPO registrar, Link Intime India Private Ltd, at Link Intime.
Use of Proceeds
The proceeds from the IPO are earmarked for financing working capital needs and for addressing general corporate purposes. This capital infusion will support JNK India’s expansion into the renewable sector while reinforcing its core heating equipment business.
Disclaimer-
It’s important to note that discussions like ours are for informational purposes only and should not be taken as specific We are not SEBI registered investment adviser. Whether analyzing a company’s financial health, examining market trends, or discussing technical chart patterns, the goal is to provide insights and perspectives that can help you make more informed decisions according to your own research and investment strategy. Always consider consulting with a financial advisor or conducting thorough personal research before making any investment decisions.
