JNK India Limited IPO Message Board (Page 29)

Applied again after seeing QIB's late response.

Do remember QIBs always come lately
Mostly after 2 PM last day

Lagata he QIB 5000 cr se uper jayega

applied full force, will give good listing gain

Applied 8 bhni

after seeing QIB 20+ applied 15 BHNI and 5 SHNI may be operator playing big game.

Applied 7 retail applications..I don't think it will list negative. Will hold for long term.

3/7... Happy. Will hold all.

WIting for QIBees, if it cross 30x i will play cards with one application

Qib Be like- pehle aap pehle aap

QIBs on fire now wait for some time. I think it will not list in negative. So l am applying 3 retail lots.

There is risk of geopolitical tensions rising before its listing so one has to be careful while applying and be ready for discount listing if it materializes otherwise it is good company based on fundamentals.

​ Geopolitical tensions since 2 years past. Still if you dont want to apply don't apply..Please not spread such news over here...People are looking postive views not such shit over here...please @Admin @ Chittorgarh.com @pr

Geopolitical tensions since 2 years past. Still, if you don't want to apply don't apply..Please do not spread such news over here...People are looking positive views not such shit over here...please  @Admin @ Chittorgarh.com please block such words not users...please th

Why GMP is showing 0
Current GMP

0

It's showing 0 because it's actually 0 brother

It is the Idea which has contained the GMP of this issue.

I think operator will play the game in this ipo
My opinion as low subscription and strong player

Final verdict, risk takers can apply on retail.
Listing will be depends on market's trend

Applied 3 retail.

The company is good. GMP is not so great.
Heart says go FF but mind says avoid.

Experts advice pls ?

Hello Sir, sorry, I did not see the notification about this message earlier. Hope you applied retail applications. That time, this was moderate risky bet, so I would not have suggested you to go with sHNI application (if that meant FF for you). Also, based on subscription figures, chances of allotment remain high in retail (if you apply from multiple accounts), while if you apply your entire capital in single sHNI application, chances of allotment reduces drastically.

​@Dr.Vanraj chavda  Pahle Zero GMP tha, issue close hote hi 20% gmp ho gya na 😀 Grey market was busy in VI and also QIB subscriptions supported this issue . now GMP 85-90 and listing day aate aate 100+ ho jayega ek bar to, aur achha listing gain dekr bhi jayega. Wese long term ke liye achhi company hai, Thoda paisa idhar park kiya ja skta hai.

JNK India Limited IPO

Final Verdict

Small Risk Takers Can Apply For Small Listing Gains And Long-term

Highlights of the Issue :
Date : 23-25 April
Price Band : 395-415
M.cap : 2203 cr
Size : 650 cr
Fresh - 300 cr
OFS - 350 cr

Objects Of The Issue :

1.Funding Working Capital Requirements - 263 cr

2.GCP - 37 cr

Analysis :

1.The Working Capital Raised From The IPO Will Enable the Company to Not Raise Any Major Debt

2.Company Operates in A Very Niche And Critical Space of Heating Equipments And Cracking Furnaces,
Holding 27% Market Share in India

3.It Also Operates in Flares & Incinerator Systems, Where JNK Is Only A Major Player in the Country

4.The Company is Set To Commence India's 1st Hydrogen Refueling Station (HRS) And Also Ventured into Customized Solar PV Systems

5.The Company Has Strong Backing From Kosdaq listed JNK Global

6.The Company is Now Capable To Bid For Large Projects And Set To Expand Order Inflow

7.The Healthy Orderbook of 845 cr Gives A Good Revenue And Earnings Visibility And Company is Set To Enjoy Make In India Theme

Forward Earnings Projections :

FY 23
Revenue - 412 cr
PAT - 46.4 cr

Till Q3 FY24 :
Rev - 257 cr
PAT - 46.2 cr

Expected Q4 :
Rev - 236 cr
PAT - 15.1 cr
(The Company Books 45-55% Revenue in Q4)

Total FY24 :
Rev - 493 cr
PAT - 61.3 cr

FY 25 :
Rev - 635 cr
PAT - 78.4 cr

PE FY23 : 47.5×
PE FY24 : 36×
PE FY25 : 28×

As Per These Estimates It's Clearly Visible That There is A Reasonable Earnings Growth

Giving It A 36× on FY25 Earnings
It's Fair Value Comes At 530 Per Share
Indicating An Upside Of 28%

This Multiple can be stretched Due To Critical Nature of Business But A 36 Multiple is Healthy

I Personally Felt Issues In The IPO Pricing
If This Pricing Would Have Been 10% Lower,
This IPO Would Have Been A
Strong Apply Candidate

Anyways Bullish on India's
Manufacturing Play

Big Thanks to you for supporting this forum with your valuable analysis and helping us to take informed decisions. @newgen consultancy 🙏

A big thanks

Avoid completely because market is not interested in this ipo

I am applying 2 retail applications here. Looks decent fundamentals company, will not give high returns on listing, but may not list negative too.

​@Lucky Mohit  it will take min of 3 to 6 months to file DRHP and may take more to get approval

Hello @Lucky Mohit: NTPC Green me time hai sir abhi, I dont think it will come in H1 of this fiscal year, the entire process (I assume again) shall be after result declaration. Government is dissolving its holding, not just with NTPC, but with many other PSUs (Of course, NTPC being one of largest).

So, I believe, major actions will begin only after results and strategically this shall be rolled out by either end of this calendar year or early next calendar year for public.

FF applied