JNK India IPO: If you’re thinking about investing in a new company, there’s some news for you.
Next week, a company called JNK India Limited will start selling its shares to investors. The IPO (Initial Public Offering) will begin on April 23 and end on April 25.
What’s in the IPO?
They’re planning to sell new shares worth up to Rs 300 crore. Also, the company’s current owner will sell some of their shares too, about 84.21 lakh of them.
The money from selling these shares will be used for running the company and everyday expenses.
What does the company do?
JNK India makes equipment that’s used in industries like oil refineries and petrochemical plants.
They take care of everything from designing the equipment to installing it, and they offer services to customers in India and abroad.
Their main competitor in India is Thermax Limited. They’ve also started making equipment for burning waste and are getting into the renewable energy business with something called green hydrogen.
How’s the company doing financially?
In the financial year 2023, the company made Rs 407.32 crore in revenue, which is more than the Rs 296.40 crore they made the year before.
Most of their money, about 77%, comes from working with oil and gas companies. Their profit for the year was Rs 46.36 crore, compared to Rs 35.98 crore the year before.
By the end of nine months in 2023, the company owed Rs 56.73 crore in debt.”
