JNK India Limited
Promoters Mascot Capital and Marketing Private Limited · JNK Heaters Co. Ltd. · Arvind Kamath · Goutam Rampelli · Dipak Kacharulal Bharuka
Against an issue price of ₹415. Split- and bonus-adjusted official closes — a past move, never a forecast.
JNK India Limited raised ₹300 crore through a mainboard initial public offer.
The filing places it in Engineering Services and names five promoters: Mascot Capital and Marketing Private Limited, JNK Heaters Co. Ltd., Arvind Kamath, Goutam Rampelli and Dipak Kacharulal Bharuka.
The book was open from 23 April 2024 to 25 April 2024.
The issue was priced at ₹415 a share, from a band of ₹395 to ₹415.
Of the offer, ₹300 crore is a fresh issue of shares — money that goes to the company — and ₹349 crore is an offer for sale, which goes to existing shareholders selling down. Valued at the final issue price.
The issuer reported the offer subscribed 29.0 times the shares on offer. That is its own final figure, filed with the exchange after the book closed — not a reading we took while bidding was open.
The shares listed on 30 April 2024.
The last official close on file is ₹438 (30 September 2026), which is 5.6% above the issue price.
It now trades as JNKINDIA, and its filed financials are on its company page.
Shares sold in the issue at ₹415 last closed at ₹438.2.
See JNKINDIA’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
Share counts converted at ₹415, the final issue price.
- How it was priced
- Book-built — the price was discovered inside a band from the bids received
- Listing sought at
- BSE And NSE
- Designated exchange
- NSE
- Discount
- None offered
- Registered office
- Western India
- Company website
- www.jnkindia.com
- Registrar
- Link Intime India Private Limited
- Lead managers
- IIFL Securities Limited
- ICICI Securities Limited
- Bidding opens23 Apr 2024
- Bidding closes25 Apr 2024
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing30 Apr 2024
This is the issuer’s own final figure, filed with the exchange once bidding had closed — not a reading we took while the book was open. The exchange publishes only a running cumulative figure and no history, so for an issue nobody polled live this filing is the only account of the book that exists. It covers the whole offer and carries no breakdown by category and no timestamp.
- Anchor investors30.0%46,94,989 sh
- Qualified institutional buyers20.0%31,29,993 sh
- Non-institutional investors15.0%23,47,496 sh
- Retail individual investors35.0%54,77,489 sh
No part of the offer was set aside for market maker, reserved portion or other.
The portion of the offer set aside for each category before bidding opened, as the issuer filed it. The anchor allocation is filed as its own line rather than inside the institutional one, so these add up to the whole offer. Shares as filed; the percentages are computed against the offer's own share count.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We have not extracted an anchor allotment list for this issue.
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment30 Oct 2024already free
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment30 Oct 2025already free
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
The "Basis for Offer Price" chapter states the earnings the price was set against and the multiples it implies. We have not extracted it for this issue — several offer documents are served as .zip archives or as scanned pages with no text layer.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Bharat Consolida Heavyted Electricals Limitednot in our universe | — | — | 1.8% | 1.37 | ₹2,33,649 cr |
| Thermax Consolida Limitedtednot in our universe | — | — | 12.2% | 39.98 | ₹80,898 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
ICICI Securities Limited 2021 – 2026 | 87 13 measurable | +16.6% | 5 of 11 | 2 of 5 | 1 of 6 |
IIFL Securities Limited 2021 – 2025 | 39 2 measurable | -8.1% | 1 of 1 | — | — |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Link Intime India Private Limited 2021 – 2026 | 175 14 measurable | +10.2% | 3 of 13 | 1 of 9 | 0 of 5 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive26 Apr 2024
- Draft red herring prospectus (DRHP)· PDF · exchange archive22 Aug 2023
- In-principle approval (XBRL)· XML · exchange archive
- Listing filing (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.