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IPO Synopsis


JNK India Ltd

Registered Office: Unit # 203 204 205 & 206,Near Satkar Hotel Thane West, Thane - 400604, Maharashtra, India.
Phone : +91 22 6885 8000   Fax:
Email :  compliance@jnkindia.com  
Website :  www.jnkindia.com

Initial public offering of 15,649,967 equity shares of face value of Rs. 2 each ("Equity Shares") of JNK India Limited ("The Company" or the "Issuer") for cash at a price of Rs. 415 per equity share (including a share premium of Rs. 413 per equity share) (the "Offer Price") aggregating to Rs. 649.47 crores (the "Offer"), comprising a fresh issue of 7,228,915 equity shares aggregating to Rs. 300.00 crores ("Fresh Issue") and an offer for sale of 8,421,052 equity shares (the "Offered Shares") aggregating to Rs. 349.47 crores (the "Offer for Sale"), comprising 1,122,807 equity shares by Goutam Rampelli aggregating to Rs. 46.60 crores, 2,432,749 equity shares by JNK Global Co. Ltd (formally known as JNK Heaters Co. Ltd) ("JNK Global") aggregating to Rs. 100.96 crores and 4,397,661 equity shares by Mscot Capital and Marketing Private Limited ("Mascot Capital") aggregating to Rs. 182.50 crores (the "Promoter Selling Shareholders") and 467,835 equity shares aggregating to Rs. 19.42 crores by Milind Joshi ("Individual Selling Shareholder", collectively, the "Selling Shareholders"). The offer constituted 28.14% of the post-offer paid-up equity share capital. While the company at the time of filing the draft red herring prospectus had contemplated a pre-ipo placement, the company has not undertaken a pre-ipo placement. The face value of the equity share is Rs. 2 each and the offer price is 207.50 times the face value of the equity shares.

Issue Money Payable On
Opens on Closes On Application Allotment
23-Apr-24 25-Apr-24 415.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 36   Further Multiples of : 36
  Rs(Cr.) Lead Managers to the Issue
Project Cost 279.74 ICICI Securities Ltd
Project Financed through Current Offer 649.47  
Post Issue Equity Share Capital 11.12  
Issue Price 415.00  

Project

  • Funding working capital requiremnts
  • General corporate purposes

Promoted By

Mascot Capital & Marketing Pvt

JNK Global Co Ltd

Arvind Kamath

Listing At

BSE

NSE

Registrar to the Issue

Link Intime India Pvt Ltd