JNK India IPO details: The initial public offering (IPO) of heating equipment maker JNK India opened for public subscription today, April 23. The issue, with a price band of Rs 395-415 apiece, will conclude on Thursday, April 25.
NK India IPO review, JNK India IPO details, JNK India IPO review apply or not: The initial public offering (IPO) of heating equipment maker JNK India opened for public subscription today, April 23. The issue, with a price band of Rs 395-415 apiece, will conclude on Thursday, April 25. At the upper end of the price band, the IPO price has been pegged at Rs 650 crore.
NK India IPO review, JNK India IPO details, JNK India IPO review apply or not: The initial public offering (IPO) of heating equipment maker JNK India opened for public subscription today, April 23. The issue, with a price band of Rs 395-415 apiece, will conclude on Thursday, April 25. At the upper end of the price band, the IPO price has been pegged at Rs 650 crore.
The IPO is a combination of a fresh issue of equity shares worth up to Rs 300 crore and an offer for sale (OFS) of up to 84.21 lakh equity shares by promoters and an existing shareholder.
JNK India IPO review: Should you apply or not?
Zee Business Managing Editor Anil Singhvi suggests investors apply for the JNK India IPO for the long term.
The market guru has identified the following key points about the JNK India IPO:
Positives:
Experienced promoters
Market leadership with a 27% market share
Strong order book of Rs 845 crore
Asset light business model
Low competition due to entry barrier
Low borrowings
Strong business outlook
Negatives:
Weak performance of JNK Global Korea
High working capital requirements
Business growth is not very impressive so far
Expansion into new business line may be risky
Valuations are reasonable, neither expensive nor very cheap
What does JNK India do?
JNK India is engaged in the business of thermal designing, engineering, manufacturing, supplying, installing, and commissioning heating equipment and caters to both domestic and overseas markets.
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