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JNK India Ltd
JNK India Ltd
Registered Office : Unit # 203 204 205 & 206,Near Satkar Hotel Thane West,Thane Maharashtra 400604 Phone : +91 22 6885 8000
Fax :
Email : compliance@jnkindia.com
Website : www.jnkindia.com
Initial public offering of 15,649,967 equity shares of face value of Rs. 2 each ("Equity Shares") of JNK India Limited ("The Company" or the "Issuer") for cash at a price of Rs. 415 per equity share (including a share premium of Rs. 413 per equity share) (the "Offer Price") aggregating to Rs. 649.47 crores (the "Offer"), comprising a fresh issue of 7,228,915 equity shares aggregating to Rs. 300.00 crores ("Fresh Issue") and an offer for sale of 8,421,052 equity shares (the "Offered Shares") aggregating to Rs. 349.47 crores (the "Offer for Sale"), comprising 1,122,807 equity shares by Goutam Rampelli aggregating to Rs. 46.60 crores, 2,432,749 equity shares by JNK Global Co. Ltd (formally known as JNK Heaters Co. Ltd) ("JNK Global") aggregating to Rs. 100.96 crores and 4,397,661 equity shares by Mscot Capital and Marketing Private Limited ("Mascot Capital") aggregating to Rs. 182.50 crores (the "Promoter Selling Shareholders") and 467,835 equity shares aggregating to Rs. 19.42 crores by Milind Joshi ("Individual Selling Shareholder", collectively, the "Selling Shareholders"). The offer constituted 28.14% of the post-offer paid-up equity share capital. While the company at the time of filing the draft red herring prospectus had contemplated a pre-ipo placement, the company has not undertaken a pre-ipo placement. The face value of the equity share is Rs. 2 each and the offer price is 207.50 times the face value of the equity shares.
Opens On
Closes On
23-Apr-2024
25-Apr-2024
Application
Allotment
415.00
0.00
Minimum Application for shares in Nos : 36.0 Further Multiples of : 36.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
279.74
649.47
11.12
415.00
ICICI Securities Ltd
IIFL Securities Ltd
- Funding working capital requiremnts
- General corporate purposes
- Mascot Capital & Marketing Pvt
- JNK Global Co Ltd
- Arvind Kamath
- BSE
- NSE
- MUFG Intime India Pvt Ltd