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Salient features of the IPO: * JNK India Ltd. (JNK), one of the leading manufacturers of heating equipments, which mainly finds application in the oil refineries and petrochemical plants, is coming up with an IPO to raise around Rs. 650cr, which opens on 23rd Apr. and closes on 25th Apr. 2024. The price band is Rs. 395 - 415 per share. * The IPO is a combination of fresh issue (Rs. 300cr) and OFS portion (Rs. 332.6 - 349.5cr). The company will not receive any proceeds from the OFS porti...
IPO Report : JNK India Ltd. - Choice Broking Ltd
A Niche Player in the Heating Equipment Segment JNK India Ltd. (JIL) specializes in manufacturing heating equipment for various process industries such as oil & gas refineries, petrochemicals, and fertilizers. Incorporated in 2010, the company is one of the well-recognized heater companies in India, having a market share of approximately 27% in the segment, in terms of new order booking as of FY23. The company has successfully executed projects in India, Mexico, and Nigeria, with ongoi...
IPO Note : JNK India Ltd by Geojit Financial Services Ltd
Salient features of the IPO: • JNK India Ltd. (JNK), one of the leading manufacturers of heating equipments, which mainly finds application in the oil refineries and petrochemical plants, is coming up with an IPO to raise around Rs. 650cr, which opens on 23rd Apr. and closes on 25th Apr. 2024. The price band is Rs. 395 - 415 per share. • The IPO is a combination of fresh issue (Rs. 300cr) and OFS portion (Rs. 332.6 - 349.5cr). The company will not receive any proceeds fro...
IPO Report : JNK India Ltd by Choice Broking Ltd
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