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JK Files & Engineering Ltd IPO

JK Files & Engineering Limited has filed preliminary papers with SEBI for an IPO in the form of an offer for sale from promoters worth Rs 800 crore. The company manufactures, markets and distributes precision-engineered components.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

JK Files & Engineering Ltd. IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About JK Files & Engineering Ltd.

The company manufactures precision-engineered components, hand tools, power tool accessories and power tool machines. According to a CRISIL report, they have the largest installed capacity for steed files, with a global market share of 25-27%. In 2020, they were the second largest supplier of steel files globally, with a 10-12% market share.

They cater to B2B and B2C clients in more than sixty countries in Asia-Pacific, Africa, Latin America, Europe and North America.

JK Files & Engineering Ltd. IPO Objective

• Since the IPO is an offer for sale, the company will not receive any proceeds from selling equities.

Why should you invest in the JK Files & Engineering Ltd. IPO?

Here are our top reasons:

  • They derive revenue from multiple end sources from each product used in engineering, agriculture, construction, defence, industrial, automotive, carpentry, saw and plumbing.
  • They have a strong presence in Asian, African, Latin American, and European markets and are the largest brand in the African market with a 50-55% market share.
  • They have long-term established relations with distributors and marquee domestic and global OEMs.

Financial Highlights

Particulars For the year/period ended (₹ in million)
  FY21 FY20 FY19
Revenue From Operation 3,442.55 3,759.86 4,013.33
EBITDA 477.62 390.19 472.96
EBITDA Margin (%) 13.66 10.21 11.71
Profit After Tax 255.69 143.02 167.87
EPS NA NA NA
ROE 24.81 17.85 25.72

How to apply for JK Files & Engineering Limited IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for JK Files & Engineering Ltd. IPO and approve the payment on your UPI ID.

Demat Account

JK Files & Engineering Ltd. IPO Noteworthy Highlights:

  • The company has a presence in 55 countries with a robust network of 135 active distributors.
  • The company’s total income was Rs 5,532.97 million in Fiscal 2021.
  • The company is net debt free on the proforma level as of June 2021.

The Brand’s Pros & Cons:

Pros Cons
The company has a diverse product portfolio continuing to its revenue sources. In Fiscal 2021, none of their customers had contributed more than 10% to their revenue. Losing customers to sell their products would result in a loss of revenue.
They have a robust distribution channel with 700 active distributors in India and 135 international distributors as of June 2021. An inability to expand or effectively manage the growing distribution network or any disruptions in our supply or distribution infrastructure may result in a loss of income.
The company has strong engineering capabilities with strategically located manufacturing units. The impact of the pandemic may continue to affect the business.

Competitive Peers

The company continues to face challenges from its listed peers.

Company Name Total Income P/E (on December 2021) EPS in Rs
Rolex Rings 6,198 31.02 35.96
Sansera Engineering 15,724 37.28 20.55
Craftsman Automation 15,700 47.56 48.32
NRB Bearings 7,775 30.04 5.58
Timken India 14,301 106.00 19.03

JK Files & Engineering Ltd. IPO FAQs

What is JK Files & Engineering Ltd. IPO?

The public issue consists of fresh shares worth Rs 300 crore and up to 89 lakh equity shares on an offer for sale.

When will JK Files & Engineering Ltd. IPO allotment be available?

Details not available.

What will be JK Files & Engineering Ltd. IPO lot size?

Details not available.

When will JK Files & Engineering Ltd. IPO open for subscription?

Details not available.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will JK Files & Engineering Ltd. list on exchanges?

It usually takes ten working days from the last day of subscription to list the IPO on the bourses.

How to check the allotment status of JK Files & Engineering Ltd. IPO?

Angel One customers can log in to their accounts to check JK Files & Engineering Ltd. IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.

What would be the listing gains on JK Files & Engineering Ltd. IPO?

Listing gain is the difference between the IPO's opening and offer prices.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.

I have finished the application process for JK Files & Engineering Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.

How to approve the UPI mandate request for the JK Files & Engineering Ltd. IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of JK Files & Engineering Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for JK Files & Engineering Ltd. IPO?

The minimum size of the application will be one lot.

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