JNK India IPO: The IPO of JNK India, a subsidiary of South Korean company JNK Global, opened for common investors on Tuesday. The company is raising Rs 649.47 crore through this issue. There is a fresh issue of Rs 300 crore. At the same time, OFS of Rs 349.47 crore is included.
Highlights of JNK India IPO
- The IPO will be open for general investors from April 23 to April 25.
- The lot size of JNK India IPO has been fixed at 36 shares.
- Investors will get allotment in JNK India IPO on 26th April.
- Investors who will not get allotment in JNK India IPO. The refund will be credited to their account by April 29.
- The listing of shares will take place on NSE and BSE on April 30.
- LinkIntime has been made the registrar of JNK India IPO.
- The company’s income in the financial year was Rs 253.39 crore. During this period the company has earned a profit of Rs 46.21 crore.
Should you invest money in JNK India IPO?
Brokerage Downs Swastika says JNK India makes heating equipment, which is used in petrochemical and fertilizer and oil and gas refineries. The company is also into the business of flare and incineration systems, with an aim to enter the renewable energy market.
At the same time, the financial condition of the company is also quite good. The company has performed very well in the last few years. The order book of the company is Rs 845 crores which shows that the company will perform well in the future. The IPO is available at fair value with PE of 43. You can invest in it keeping a long term perspective.
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