IPO SYNOPSIS

JNK India Ltd
Registered Office:
Unit # 203 204 205 & 206,Near Satkar Hotel Thane West,
Thane - 400604,
Maharashtra, India.
Website :  www.jnkindia.com
Initial public offering of 15,649,967 equity shares of face value of (₹) 2 each ("Equity Shares") of JNK India Limited ("The Company" or the "Issuer") for cash at a price of (₹) 415 per equity share (including a share premium of (₹) 413 per equity share) (the "Offer Price") aggregating to (₹) 649.47 crores (the "Offer"), comprising a fresh issue of 7,228,915 equity shares aggregating to (₹) 300.00 crores ("Fresh Issue") and an offer for sale of 8,421,052 equity shares (the "Offered Shares") aggregating to (₹) 349.47 crores (the "Offer for Sale"), comprising 1,122,807 equity shares by Goutam Rampelli aggregating to (₹) 46.60 crores, 2,432,749 equity shares by JNK Global Co. Ltd (formally known as JNK Heaters Co. Ltd) ("JNK Global") aggregating to (₹) 100.96 crores and 4,397,661 equity shares by Mscot Capital and Marketing Private Limited ("Mascot Capital") aggregating to (₹) 182.50 crores (the "Promoter Selling Shareholders") and 467,835 equity shares aggregating to (₹) 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 (₹) 2 each and the offer price is 207.50 times the face value of the equity shares.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
23-Apr-24
25-Apr-24
415.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 36     Further Multiples of : 36
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
279.74
ICICI Securities Ltd
Project Financed
649.47
 
Post Issue
11.12
 
Issue Price
415.00
 
Projects
Funding working capital requiremnts
General corporate purposes
Promoted By
Mascot Capital & Marketing Pvt
JNK Global Co Ltd
Arvind Kamath
Listing At
BSE
NSE
Registrar to the Issue
No Data Available!!!
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