๐ IPO GMP News: 19 April 2024 ๐
In the current scenario, if you want to earn by investing in IPO in the stock market, then this news is beneficial for you. JNKE India Company’s IPO will soon be open for investment. The IPO of JNKE India, a heating equipment manufacturing company, will be open for investment between 23rd April and 25th April, 2024. IPO anchor investors will be open on 22nd April. The company will issue shares worth Rs 300 crore in its IPO. In addition, 84.21 lakh equity shares will be issued for sale.
JNKE India will use the proceeds from its IPO to meet the company’s working capital requirements and to fulfill general operations. The company operates in processing sectors such as oil refineries and petrochemical plants. The company provides services in domestic and international markets. The company’s main competitor is Thermex Limited.
JNKE India is also involved in the construction business of flour, incinerator systems. In addition, the company is planning to start a business in the future in the renewable energy production sector, including green hydrogen. JNKE India had collected revenue of Rs 407.32 crore in the last financial year.
The company’s share in the total revenue collection of the oil and gas sector is 77%. The company earned a net profit of Rs 46.36 crore in the last financial year. The company currently has a debt of Rs 56.73 crore.
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