JK Files & Engineering of Raymonds ltd has received Sebi nod on 23rd February 2022
JK Files & Engineering Company Details
J K Files is engaged in the business of manufacturing, sale and distribution of precision engineered components for tools and hardware such as steel files and drills, and marketing, sale and distribution of hand tools, power tool accessories and power tool machines, and through its subsidiary, RPAL, manufacturing, sale and distribution of auto components and engineering products such as ring gears, flexplates and water pump bearings.
According to the CRISIL Report, the Company has the largest installed manufacturing capacity of steel files with a share of 25%-27% of the global capacity as of 2020 and was the second largest supplier globally of steel files with a market share of 10%-12% of the sales volume in 2020. The Company is also the market leader in the files segment in India with a market share of 64%-66% in India by sales volume in Fiscal 2021. The Company also has a strong presence in the Asian, African and Latin American regions and is the largest brand in the African market with a market share of 50%-55% by volume in steel files in 2020. In addition, the Company is also one of the leading players in the drills segment in India with the market share of 8%-10% in value terms in Fiscal 2021.
RPAL is estimated to occupy the highest volume share of 52%-56% in the domestic passenger vehicle industry and 46%-50% in the domestic commercial vehicle industry in terms of supply to OEMs for domestic production in Fiscal 2021 and is amongst the key players in the ring gears industry globally. RPAL is the sole domestic manufacturer of flexplates in India and is estimated to cater to 25%-27% of the flexplate volume demand for PV domestic production in Fiscal 2021.
The businesses are technology driven with a strong focus on design, engineering and automation capabilities. The business model is well diversified by customers, geographical spread and end-segment:
Customer Base. It has a strong customer focus and our customer base comprises business-to-business (“B2B”) customers as well as business-to-consumer (“B2C”) customers spread in more than 60 countries, as of June 30, 2021, located across Asia-Pacific, Africa, Latin America, Europe and North America. For more information, click www.jkfilesandengineering.com
The Promoters of JK Files & Engineering
JK Files & Engineering IPO Main Objects
The objects of the Offer are to carry out the Offer for Sale
JK Files & Engineering IPO Details
Issue Type: Book Built Issue IPO
Issue : up to ? Shares /Rs 800 Crore
* Offer for Sale Up to (?) Sh/ Rs. 800 Cr
Face Value per share : Rs. 2
JK Files & Engineering IPO Financial & Analytical Ratios
Earnings per Share 2019-20 Rs 2.68
Earnings per Share 2020-21,Rs 4.85
Earnings per Share 2021-22 6M Rs ?
Return on Net Worth: 19-20 17.85 %
Return on Net Worth: 20-21: 24.81 %
Return on Net Worth: 20-21 6M : ? %
Book Value of the Share as on 31.3.2021 Rs 15.37
Equity Shares prior to the IPO : 52,443,948 Shares
Equity Shares after the IPO : (?) Shares
JK Files & Engineering IPO Peer Comparison:
Rolex Rings @ PE Multiple 31.02
Sansera Engineering @ PE Multiple 37.28
Craftsman Automation @ PE Multiple 47.56
NRB Bearings @ PE Multiple 30.04
Timken India @ PE Multiple 106.00
JK Files & Engineering IPO Lead Managers
SBI Capital Markets, DAM Capital Advisors, HDFC Bank,
Registrar to JK Files & Engineering IPO
Kfin Technologies India pvt ltd.
Registered Office of JK Files & Engineering
New Hind House, Narottam Morarjee Marg, Ballard Estate, Mumbai 400 001,
Company Secretary & Compliance Officer : Akshat Chechani