JNK India Public Offering Particulars: JNK Bharat Public Offering timing has been finalized, scheduled to launch on April 23rd and conclude on April 25th. The goal of JNK Bharat Public Offering is to generate approximately ₹649.50 crores through the issuance, consisting of a fresh offering of ₹300 crores and an offer for sale of up to 8,421,052 equity shares at ₹2 each. The allocation breakdown is 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net Worth Individuals (HNI).

JNK India stands as a prominent player in the Heating Equipment sector in India, showcasing significant new order bookings from Fiscal 2021 to Fiscal 2023. The company specializes in thermal design, engineering, manufacturing, delivery, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces. (Source: F&S Report) JNK Bharat enjoys a notable presence in the Indian Heating Equipment market, capturing approximately 27% market share in new order bookings during Fiscal 2023.

Process-fired heaters are instrumental in directly heating fluids or gases through the combustion of fuels like natural gas or propane. Reformers facilitate the conversion of hydrocarbons, such as natural gas or naphtha, into synthesis gas (syngas), consisting of hydrogen and carbon monoxide. Similarly, cracking furnaces are pivotal in breaking down large hydrocarbon molecules into smaller ones, essential for the production of fuels, chemicals, and plastics. This process, known as cracking, typically involves heating the hydrocarbon feedstock in the presence of a catalyst. (Source: F&S Report) These heating equipment are indispensable in various process industries including oil and gas refineries, petrochemicals, fertilizers, hydrogen, and methanol plants.

JNK Bharat has successfully executed projects across multiple states in India, including Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal. Internationally, they have completed projects in Nigeria and Mexico. Moreover, the company is currently engaged in ongoing projects in Gujarat, Odisha, Haryana, Rajasthan, India, as well as in Oman, Algeria, and Lithuania globally. Notably, they have undertaken projects in remote locations, including Numaligarh, Assam; Kochi, Kerala; Barauni, Bihar; and Lagos, Nigeria, showcasing their capability to operate in diverse environments.

Objects of the Issue (JNK India IPO Objectives)

The company intends to use the net proceeds from the issue to finance the following objects:

1. Working capital requirements; and
2. General corporate purposes.

JNK India IPO Review (Apply)

JNK India IPO Review (Apply)

The corporation has carved out a distinct position within the Heating Equipment sector, demonstrating consistent growth in both revenue and profit margins across the specified periods. With an order backlog valued at Rs. 845 crore as of December 31, 2023, the company’s future outlook appears promising. Considering the annualized earnings for FY24, the offering seems attractively priced. Investors seeking medium to long-term gains may find potential in this dividend-yielding enterprise.

JNK India Limited Financial Information (Restated Standalone)

JNK India Limited Financial Information (Restated Standalone)