JNK India IPO vs SRM Contractors IPO

Comparision between JNK India IPO and SRM Contractors IPO.

IPO Details

JNK India IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while SRM Contractors IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	JNK India IPO	SRM Contractors 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	Interactive Financial Services Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt 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 SRM Contractors IPO is up to ₹130.20 Cr. The final issue price of JNK India IPO is ₹415.00 per share and of SRM Contractors IPO is ₹210.00 per share.

	JNK India IPO	SRM Contractors IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹395.00 per share	₹200.00 per share
Issue Price (Upper)	₹415.00 per share	₹210.00 per share
Issue Price (Final)	₹415.00 per share	₹210.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	36 shares	70 shares
Fresh Issue Size	75,94,936 shares	62,00,000 shares
Fresh Issue Size (Amount)	up to ₹300.00 Cr	up to ₹130.20 Cr
OFS Issue Size	84,21,052 shares
OFS Issue Size (Amount)	up to ₹349.47 Cr
Issue Size Total	1,60,15,988 shares	62,00,000 shares
Issue Size Total (Amount)	up to ₹649.47 Cr	up to ₹130.20 Cr

IPO Timetable

JNK India IPO opens on Apr 23, 2024, while SRM Contractors IPO opens on Mar 26, 2024. The closing date of JNK India IPO and SRM Contractors IPO is Apr 25, 2024, and Mar 28, 2024, respectively.

	JNK India IPO	SRM Contractors IPO
Anchor Bid Date	Apr 22, 2024	Mar 22, 2024
Issue Open	Apr 23, 2024	Mar 26, 2024
Issue Close	Apr 25, 2024	Mar 28, 2024
Basis Of Allotment (Tentative)	Apr 26, 2024	Apr 01, 2024
Initiation of Refunds (Tentative)	Apr 29, 2024	Apr 02, 2024
Credit of Share (Tentative)	Apr 29, 2024	Apr 02, 2024
Listing date (Tentative)	Apr 30, 2024	Apr 03, 2024
Anchor Lockin End date 1	May 26, 2024	May 01, 2024
Anchor Lockin End date 2	Jul 25, 2024	Jun 30, 2024

Financials

JNK India IPO P/E ratio is 43.32, as compared to SRM Contractors IPO P/E ratio of 18.76.

JNK India IPO

SRM Contractors 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

SRM Contractors Limited Financial Information (Restated Consolidated)

SRM Contractors Limited's revenue increased by 13.24% and profit after tax (PAT) rose by 6.71% 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	168.87	137.36	120.22	112.47
Revenue	242.28	300.65	265.51	161.95
Profit After Tax	21.07	18.75	17.57	8.27
Net Worth	37.24	63.16	44.41	26.85
Reserves and Surplus	67.48	46.41	42.89	25.32
Total Borrowing	42.32	47.16	31.52	31.96
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

94.56%

99.92%

Promoter Shareholding (Post-Issue)

72.92%

P/E Ratio

43.32

18.76

Market Cap

₹2308.27 Cr.

₹481.83 Cr.

ROE

31.79%%

ROCE

34.73%%

29.43%%

Debt/Equity

0.34

0.5

EPS

₹9.58

₹11.20

RoNW

31.79%%

25.02%%

Shares Offered

In the JNK India IPO retail investors (RII) are offered 54,77,489 shares while in SRM Contractors IPO retail investors are offered 54,77,489 shares. Qualified institutional buyers (QIB) are offered 31,29,903 shares in JNK India IPO and 12,40,100 shares in SRM Contractors IPO.

	JNK India IPO	SRM Contractors IPO
Anchor Investor Reserveration	46,94,989 shares	18,59,900 shares
Market Maker Reserveration
QIB	31,29,903 shares	12,40,100 shares
NII	23,47,497 shares	9,30,000 shares
RII	54,77,489 shares	21,70,000 shares
Employee	0 shares	0 shares
Others
Total	1,09,54,889 shares	43,40,100 shares

Bids Received (Subscription)

JNK India IPO subscribed 28.46x in total, whereas SRM Contractors IPO subscribed 86.57x.

	JNK India IPO	SRM Contractors IPO
QIB (times)	74.40x	59.59x
NII (times)	23.80x	214.94x
Big NII (times)	27.73x	220.57x
Small NII (times)	15.94x	203.67x
RII (times)	4.20x	46.97x
Employee (times)
Other (times)
Total (times)	28.46x	86.57x

Compare with others

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

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