JNK India IPO vs TBO Tek IPO

Comparision between JNK India IPO and TBO Tek IPO.

IPO Details

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

	JNK India IPO	TBO Tek 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	Axis Capital Limited Jefferies India Private Limited Goldman Sachs (India) Securities Private Limited Jm Financial Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 TBO Tek IPO is up to ₹1,550.81 Cr. The final issue price of JNK India IPO is ₹415.00 per share and of TBO Tek IPO is ₹920.00 per share.

	JNK India IPO	TBO Tek IPO
Face Value	₹2 per share	₹1 per share
Issue Price (Lower)	₹395.00 per share	₹875.00 per share
Issue Price (Upper)	₹415.00 per share	₹920.00 per share
Issue Price (Final)	₹415.00 per share	₹920.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	36 shares	16 shares
Fresh Issue Size	75,94,936 shares	43,47,826 shares
Fresh Issue Size (Amount)	up to ₹300.00 Cr	up to ₹400.00 Cr
OFS Issue Size	84,21,052 shares	1,25,08,797 shares
OFS Issue Size (Amount)	up to ₹349.47 Cr	up to ₹1,150.81 Cr
Issue Size Total	1,60,15,988 shares	1,68,56,623 shares
Issue Size Total (Amount)	up to ₹649.47 Cr	up to ₹1,550.81 Cr

IPO Timetable

JNK India IPO opens on Apr 23, 2024, while TBO Tek IPO opens on May 08, 2024. The closing date of JNK India IPO and TBO Tek IPO is Apr 25, 2024, and May 10, 2024, respectively.

	JNK India IPO	TBO Tek IPO
Anchor Bid Date	Apr 22, 2024	May 07, 2024
Issue Open	Apr 23, 2024	May 08, 2024
Issue Close	Apr 25, 2024	May 10, 2024
Basis Of Allotment (Tentative)	Apr 26, 2024	May 13, 2024
Initiation of Refunds (Tentative)	Apr 29, 2024	May 14, 2024
Credit of Share (Tentative)	Apr 29, 2024	May 14, 2024
Listing date (Tentative)	Apr 30, 2024	May 15, 2024
Anchor Lockin End date 1	May 26, 2024	Jun 12, 2024
Anchor Lockin End date 2	Jul 25, 2024	Aug 11, 2024

Financials

JNK India IPO P/E ratio is 43.32, as compared to TBO Tek IPO P/E ratio of 64.58.

JNK India IPO

TBO Tek 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

TBO Tek Limited Financial Information (Restated Consolidated)

TBO Tek Limited's revenue increased by 112.09% and profit after tax (PAT) rose by 340.4% 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	3,754.05	2,557.93	1,271.43	576.16
Revenue	1,039.56	1,085.77	511.93	176.55
Profit After Tax	154.18	148.49	33.72	-34.14
Net Worth	501.21	337.19	231.90	204.07
Reserves and Surplus	478.43	317.57	214.08	197.58
Total Borrowing	2.93	6.36	2.69
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

94.56%

51.26%

Promoter Shareholding (Post-Issue)

P/E Ratio

43.32

64.58

Market Cap

₹2308.27 Cr.

₹9990.08 Cr.

ROE

31.79%%

ROCE

34.73%%

Debt/Equity

0.34

EPS

₹9.58

₹14.25

RoNW

31.79%%

30.76%

Shares Offered

In the JNK India IPO retail investors (RII) are offered 54,77,489 shares while in TBO Tek IPO retail investors are offered 54,77,489 shares. Qualified institutional buyers (QIB) are offered 31,29,903 shares in JNK India IPO and 50,47,204 shares in TBO Tek IPO.

	JNK India IPO	TBO Tek IPO
Anchor Investor Reserveration	46,94,989 shares	75,70,807 shares
Market Maker Reserveration
QIB	31,29,903 shares	50,47,204 shares
NII	23,47,497 shares	25,23,602 shares
RII	54,77,489 shares	16,82,401 shares
Employee	0 shares	32,609 shares
Others
Total	1,09,54,889 shares	92,85,816 shares

Bids Received (Subscription)

JNK India IPO subscribed 28.46x in total, whereas TBO Tek IPO subscribed 86.69x.

	JNK India IPO	TBO Tek IPO
QIB (times)	74.40x	125.51x
NII (times)	23.80x	50.60x
Big NII (times)	27.73x	55.82x
Small NII (times)	15.94x	40.15x
RII (times)	4.20x	25.72x
Employee (times)		17.81x
Other (times)
Total (times)	28.46x	86.69x

Compare with others

JNK India IPO	TBO Tek IPO
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Go Digit IPO	Kronox Lab Sciences IPO
Aadhar Housing Finance IPO	Awfis Space Solutions IPO
TBO Tek IPO	Go Digit IPO
Indegene IPO	Aadhar Housing Finance IPO
VI FPO	Indegene IPO
Bharti Hexacom IPO	JNK India IPO
SRM Contractors IPO	VI FPO
Popular Vehicles & Services IPO	Bharti Hexacom IPO
Gopal Namkeen IPO	SRM Contractors IPO

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