JNK India IPO vs Popular Vehicles & Services IPO

Comparision between JNK India IPO and Popular Vehicles & Services IPO.

IPO Details

JNK India IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Popular Vehicles & Services IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	JNK India IPO	Popular Vehicles & Services IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Iifl Securities Ltd ICICI Securities Limited	ICICI Securities Limited Nuvama Wealth Management Limited Centrum Capital Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of JNK India IPO is up to ₹649.47 Cr whereas the issue size of the Popular Vehicles & Services IPO is up to ₹601.55 Cr. The final issue price of JNK India IPO is ₹415.00 per share and of Popular Vehicles & Services IPO is ₹295.00 per share.

	JNK India IPO	Popular Vehicles & Services IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹395.00 per share	₹280.00 per share
Issue Price (Upper)	₹415.00 per share	₹295.00 per share
Issue Price (Final)	₹415.00 per share	₹295.00 per share
Discount (Retail)
Discount (Employee)		₹28.00 per share
Market Lot Size	36 shares	50 shares
Fresh Issue Size	75,94,936 shares	84,78,130 shares
Fresh Issue Size (Amount)	up to ₹300.00 Cr	up to ₹250.00 Cr
OFS Issue Size	84,21,052 shares	1,19,17,075 shares
OFS Issue Size (Amount)	up to ₹349.47 Cr	up to ₹351.55 Cr
Issue Size Total	1,60,15,988 shares	2,03,95,205 shares
Issue Size Total (Amount)	up to ₹649.47 Cr	up to ₹601.55 Cr

IPO Timetable

JNK India IPO opens on Apr 23, 2024, while Popular Vehicles & Services IPO opens on Mar 12, 2024. The closing date of JNK India IPO and Popular Vehicles & Services IPO is Apr 25, 2024, and Mar 14, 2024, respectively.

	JNK India IPO	Popular Vehicles & Services IPO
Anchor Bid Date	Apr 22, 2024	Mar 11, 2024
Issue Open	Apr 23, 2024	Mar 12, 2024
Issue Close	Apr 25, 2024	Mar 14, 2024
Basis Of Allotment (Tentative)	Apr 26, 2024	Mar 15, 2024
Initiation of Refunds (Tentative)	Apr 29, 2024	Mar 18, 2024
Credit of Share (Tentative)	Apr 29, 2024	Mar 18, 2024
Listing date (Tentative)	Apr 30, 2024	Mar 19, 2024
Anchor Lockin End date 1	May 26, 2024	Apr 14, 2024
Anchor Lockin End date 2	Jul 25, 2024	Jun 13, 2024

Financials

JNK India IPO P/E ratio is 43.32, as compared to Popular Vehicles & Services IPO P/E ratio of 28.88.

JNK India IPO

Popular Vehicles & Services IPO

Financial

JNK India Limited Financial Information (Restated Consolidated)

JNK India Limited's revenue increased by 38.5% and profit after tax (PAT) rose by 28.84% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	453.39	337.78	268.32	125.12
Revenue	256.76	411.55	297.14	138.45
Profit After Tax	46.21	46.36	35.98	16.48
Net Worth	168.56	122.17	72.18	36.82
Reserves and Surplus	158.88	112.57	62.58	36.22
Total Borrowing	56.73	33.76	5.99	8.95
Amount in ₹ Crore

Popular Vehicles & Services Limited Financial Information (Restated Consolidated)

Popular Vehicles & Services Limited's revenue increased by 40.42% and profit after tax (PAT) rose by 90.31% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,941.78	1,503.78	1,263.29	1,118.94
Revenue	2,848.21	4,892.63	3,484.20	2,919.25
Profit After Tax	40.04	64.07	33.67	32.46
Net Worth	384.21	343.04	279.89	246.00
Reserves and Surplus	371.67	330.50	267.34	233.46
Total Borrowing	764.61	505.01	371.91	353.04
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

94.56%

69.45%

Promoter Shareholding (Post-Issue)

61.17%

P/E Ratio

43.32

28.88

Market Cap

₹2308.27 Cr.

₹2100.28 Cr.

ROE

31.79%%

10.42%%

ROCE

34.73%%

8.83%%

Debt/Equity

0.34

1.99

EPS

₹9.58

₹10.22

RoNW

31.79%%

10.42%%

Shares Offered

In the JNK India IPO retail investors (RII) are offered 54,77,489 shares while in Popular Vehicles & Services IPO retail investors are offered 54,77,489 shares. Qualified institutional buyers (QIB) are offered 31,29,903 shares in JNK India IPO and 40,71,551 shares in Popular Vehicles & Services IPO.

	JNK India IPO	Popular Vehicles & Services IPO
Anchor Investor Reserveration	46,94,989 shares	61,07,325 shares
Market Maker Reserveration
QIB	31,29,903 shares	40,71,551 shares
NII	23,47,497 shares	30,53,663 shares
RII	54,77,489 shares	71,25,213 shares
Employee	0 shares	37,453 shares
Others
Total	1,09,54,889 shares	1,42,87,880 shares

Bids Received (Subscription)

JNK India IPO subscribed 28.46x in total, whereas Popular Vehicles & Services IPO subscribed 1.25x.

	JNK India IPO	Popular Vehicles & Services IPO
QIB (times)	74.40x	1.92x
NII (times)	23.80x	0.67x
Big NII (times)	27.73x	0.67x
Small NII (times)	15.94x	0.68x
RII (times)	4.20x	1.07x
Employee (times)		8.04x
Other (times)
Total (times)	28.46x	1.25x

Compare with others

JNK India IPO	Popular Vehicles & Services IPO
Awfis Space Solutions IPO	Indegene IPO
Go Digit IPO	JNK India IPO
Aadhar Housing Finance IPO	VI FPO
TBO Tek IPO	Bharti Hexacom IPO
Indegene IPO	SRM Contractors IPO
VI FPO	Gopal Namkeen IPO
Bharti Hexacom IPO	Krystal Integrated Services IPO
SRM Contractors IPO	JG Chemicals IPO
Popular Vehicles & Services IPO	Bharat Highways InvIT
Gopal Namkeen IPO	GPT Healthcare IPO

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