JNK India IPO - Investment Rationale, Issue Details, Financials, Key Strategies, Risks: Anand Rathi

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.JNK India Ltd. launched its initial public offering today and the offer will close on April 25. A manufacturer of heating equipment has set the price band in the range of Rs 395-415 per share.The Rs 649.5 crore IPO comprises of a fresh issue of Rs 300 crore and an offer for sale of Rs 349.5 crore. The minimum order lot is 36. .Object of fresh issue: Funding working capital requirements of the company.General corporate purposes.Valuation JNK India has an established track record with a diverse customer base with well-positioned to capture industry tailwinds through their demonstrated capabilities over time and diversifying product portfolio to cater to varied industries along with demonstrated financial performance with a robust order book reflecting revenue visibility for last three Fiscals. At the upper price band company is valuing at price/earning of 49.38 times, enterprise value/Ebitda 33.13 times with a market cap of Rs 23,082 million post issue of equity shares and return on net worth of 47.71%. We believe that the IPO is fairly priced and recommend a “Subscribe-Long term” rating to the IPO..Click on the attachment to read the full IPO report:.JNK India IPO: All You Need To Know.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

JNK India IPO - Investment Rationale, Issue Details, Financials, Key Strategies, Risks: Anand Rathi

The three-day initial public offering launched today to raise up to Rs 649.5 crore, with a price band of Rs 395-415 per share.

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JNK India IPO - Investment Rationale, Issue Details, Financials, Key Strategies, Risks: Anand Rathi

The three-day initial public offering launched today to raise up to Rs 649.5 crore, with a price band of Rs 395-415 per share.

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