JNK India Ltd - IPO

JNK India Ltd IPO Details

Initial public offering of 15,649,967 equity shares of face value of Rs. 2 each (Equity Shares) of JNK India Limited (The Company or the Issuer) for cash at a price of Rs. 415 per equity share (including a share premium of Rs. 413 per equity share) (the Offer Price) aggregating to Rs. 649.47 crores (the Offer), comprising a fresh issue of 7,228,915 equity shares aggregating to Rs. 300.00 crores (Fresh Issue) and an offer for sale of 8,421,052 equity shares (the Offered Shares) aggregating to Rs. 349.47 crores (the Offer for Sale), comprising 1,122,807 equity shares by Goutam Rampelli aggregating to Rs. 46.60 crores, 2,432,749 equity shares by JNK Global Co. Ltd (formally known as JNK Heaters Co. Ltd) (JNK Global) aggregating to Rs. 100.96 crores and 4,397,661 equity shares by Mscot Capital and Marketing Private Limited (Mascot Capital) aggregating to Rs. 182.50 crores (the Promoter Selling Shareholders) and 467,835 equity shares aggregating to Rs. 19.42 crores by Milind Joshi (Individual Selling Shareholder, collectively, the Selling Shareholders). The offer constituted 28.14% of the post-offer paid-up equity share capital. While the company at the time of filing the draft red herring prospectus had contemplated a pre-ipo placement, the company has not undertaken a pre-ipo placement. The face value of the equity share is Rs. 2 each and the offer price is 207.50 times the face value of the equity shares.

Objective of issue

Funding working capital requiremnts. General corporate purposes.

JNK India Ltd Contact Details

JNK India Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - compliance@jnkindia.com

Website - www.jnkindia.com