JNK India IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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What is the business of JNK India?

JNK India is one of the leading Heating Equipment companies in India in terms of new order booking between Fiscal 2021 to Fiscal 2023 and has capabilities in thermal designing, engineering, manufacturing, supplying, installing and commissioning process fired heaters, reformers and cracking furnaces. It is one of the well-recognized process fired heater companies in India, having a market share of approximately 27% in the Indian Heating Equipment market, in terms of new order booking in Fiscal 2023.
A process fired heater is a type of industrial heater used to heat fluids or gases directly by burning a fuel source such as natural gas or propane. Reformers are devices used to convert hydrocarbons, such as natural gas or naphtha, into synthesis gas or syngas, which is a mixture of hydrogen and carbon monoxide. Further, cracking furnaces are used to break down large hydrocarbon molecules into smaller ones, which can then be used to produce a variety of products, including fuels, chemicals, and plastics. The process of breaking down hydrocarbons is known as cracking, and it typically involves heating the hydrocarbon feedstock in the presence of a catalyst.

The process fired heaters, reformers and cracking furnaces are required in process industries such as oil and gas refineries, petrochemicals, fertilizers, hydrogen and methanol plants etc.
In India, it has completed projects in, amongst others, Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, West Bengal and globally has completed projects in Nigeria and Mexico. Further, it has ongoing projects in Gujarat, Odisha, Haryana, Rajasthan in India and globally in Oman, Algeria, and Lithuania. Further, it has successfully completed projects which were based in far-reaching locations, which included its projects in India at Numaligarh, Assam; Kochi, Kerala; Barauni, Bihar; and overseas at Lagos, Nigeria. In recognition of its efforts, it has been accorded incentives by its Customers for early completion of projects in India and overseas. Further, in March 2022, it was recognised for its safety compliance by one of the private refinery companies of a multinational industrial conglomerate from Nigeria and was awarded a certificate of appreciation towards.

It is also working on building capabilities in renewable sector with green hydrogen. We are building
capabilities in renewable sector with onsite hydrogen production, hydrogen fuel stations and solar photovoltaic – EPC (“Solar PV-EPC”) which forms part of green hydrogen value chain.

For more information, click www.jnkindia.com

Jyoti CNC IPO GMP, Particulars & Guidance

JNK India IPO Guidance
Price Rs 415, Lot 36 Sh, Net Size Rs.649.47 Cr.
Op 23 April Cl 25 April BoA 26 April, Listing 30 April
JNK India is one of the leading Heating Equipment companies in India in terms of new order booking between Fiscal 2021 to Fiscal 2023 and has capabilities in thermal designing, engineering, manufacturing, supplying, installing and commissioning process fired heaters, reformers and cracking furnaces. It is one of the well-recognized process fired heater companies in India, having a market share of approximately 27% in the Indian Heating Equipment market, in terms of new order booking in Fiscal 2023.
Size: The gross size of the IPO is Rs. 649.47 Crore whereas the size net of anchor portion is very small. Retail portion is only  Rs. 227.31 crore and HNI portion is only Rs.97.42 crores. So oversubscription is not an issue. However the grey market at present is focused on Vodafone Idea FPO, so huge oversubscription may not be seen for this IPO.
Financials: The company has shown steady rise in the topline and the bottomline. The market at present is strong and expanding and we expect that the company will be able to maintain its profits of 2022-24, in the coming years. The shares are offered at reasonable valution. Listing gains are expected. Apply.

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JNK India IPO GMP

JNK India IPO GMP today details

JNK India IPO GMP today, Details, Guidance, Subscription Status, allotment