JK Files and Engineering IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022The right investment can embellish your investment portfolio like a jewel and a bad one can shatter its shine.
Therefore, it is undisputedly crucial to take up an in-depth study about the prospective investment opportunities popping in the market.
Do not worry, we have done the homework for you. Here in this given below article, you will be able to find details regarding every element that should impact your consideration of the upcoming JK Files & Engineering Limited IPO.
In this JK Files & Engineering Limited IPO Review, we have accumulated all the facets from the background of the company to its past year’s financial progress to IPO GMP and allotment status.
| Face Value | Rs 2 |
| Price Band | Not Disclosed |
| Listing At | BSE, NSE |
| Min. Order Quantity | Not Disclosed |
| Listing Date | Not Disclosed |
| Offer for Sale | Rs.800 Crore |
| Fresh Issue | Not Disclosed |
| IPO Size | Not Disclosed |
| Tick Size | 1 |
JK Files and Engineering IPO Overview
The precision engineered components manufacturer JK Files & Engineering Limited is all primed up to raise funds of about Rs. 800 crore from the public with the approaching IPO.
The IPO is wholly an Offer for Sale where the promoter company, Raymond Ltd. is offloading some of their shares in the IPO.
The objective of the JK Files & Engineering IPO as stated under the DRHP is to effect the sale of equity shares by an Offer for Sale and to attain the benefits of listing.
JK Files and Engineering IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Disclosed |
| IPO Closing Date | Not Disclosed |
| Basis of Allotment Finalization | Not Disclosed |
| Refunds Initiation | Not Disclosed |
| Credit of Shares to Demat Account | Not Disclosed |
| Share Listing Date | Not Disclosed |
On December 9, 2021, DRHP has been filed in pursuance of JK Files & Engineering IPO. Now the entity is waiting for receiving the approval from the capital market regulator.
Once the DRHP is approved, JK Files & Engineering IPO Dates will be declared by the company. There are various constituents that have an underlying influence on the date of an IPO.
IPO date means the date on which the agreement between the company and the underwriters takes place.
JK Files and Engineering IPO Price, Size, Share Offerings
| Face Value | Rs.2 |
| Price Band | Not Disclosed |
| Offer for Sale | Rs.800 Crore |
| Fresh Issue | Not Disclosed |
| IPO Size | Not Disclosed |
JK Files & Engineering IPO Price and JK Files & Engineering IPO Size will be determined by the company after consulting the lead managers of the issue and the same will be made available to the public.
The company is aiming to garner funds of about 800 crores from the public through this IPO.
The face value of the equity share is Rs.2 each. Since, this is wholly an Offer for Sale, the company will not receive any proceeds from it and the money is entitled to the selling promoters.
JK Files and Engineering IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Trading in Grey Market yet | |||
Grey Market is the trade of the shares through distribution channels which are not official and are not authorized. It is the trading that takes place outside the authorized channel of trading.
Grey Market Premium is the premium amount at which the shares are traded in the unofficial market before the listing of the shares on the stock exchanges.
JK Files & Engineering IPO GMP is not available right now as the IPO date is not declared.
JK Files and Engineering IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
JK Files & Engineering IPO Subscription is not open for the bidders yet. The IPO date has not been declared by the company.
The reservation quota for different categories of investors is – for QIBs – 50%, for NII – 15% and for Retail Investors – 35% of the offer.
The investors will be able to place their respective bids for participating in the IPO by the following means:
- Application Supported by Blocked Amount (ASBA)
- UPI for Retail Investors
As per the regulations, an IPO is required to remain open for subscription by the public for a minimum of 3 days subject to maximum of 10 days.
The Lead Managers of the issue are:
- SBI Capital Markets Limited
- DAM Capital Advisors Limited
- HDFC Bank Limited
The details in respect of the price band and subscription will be made available in a short time.
JK Files and Engineering IPO Allotment Status
The basis of JK Files & Engineering IPO allotment is not determined upto now. It will be declared after the bids have been placed and will be based on the demand of the bidders.
KFin Technologies Private Limited is the Registrar of the offer.
JK Files and Engineering IPO Live Performance
Check out JK Files & Engineering IPO Live Performance from the given below link. Here, you will find the updates regarding JK Files & Engineering IPO Price prevailing in the market presently.
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Latest JK Files and Engineering IPO News
The board of Raymond Ltd. approved the IPO of its subsidiary JK Files & Engineering in early December 2021 and subsequently the company filed its DRHP for processing the IPO.
Right now, JK Files & Engineering is awaiting for the observation letter from SEBI.
JK Files and Engineering – Company Review
JK Files & Engineering Limited is a wholly-owned subsidiary of Raymond Limited.
The company is in the business of manufacturing, sale and distribution of auto components and engineering products and has an expanding product portfolio.
It is one of the largest manufacturers in the industry and comprises of affected a strong customers base including both B2C customers and B2C customers.
The company instituted its operations in February 1997 as Raymond Steel Limited. Thereafter, its name was changed to Hindustan Files Limited in the year 2001.
In 2009, in pursuance of the transfer of business, the name of the company was again changed to JK Files (India) Limited.
Further, in November 2021, the effected another change in the name from JK Files (India) Limited to JK Files & Engineering Limited.
JK Files & Engineering Limited operates globally encompassing its presence in around 55 countries.
Products or Services
JK Files & Engineering Limited truly has an expansive product portfolio.
JK Files Engineering Ltd undertakes the operations of manufacturing, sale and distribution for tools and hardware like steel files and drills.
They expertise in the precision engineering components and have been offering its products to its customers for decades.
They have a dominant customer base. Their customers comprise business-to-business (B2B) and business-to-consumer (B2C) customers.
As of June 2021, their customers are spread over the globe in more than 55 countries across Latin America, Europe, Asia-Pacific, North America and Africa.
With their vast range of products, they offer products like hardware products including files and drills, cutting tools, hand tools, power tools, and power tool accessories.
In addition to this, the company process marketing of hand tools, power tool accessories and power tool machines. Its manufacturing processes also include manufacturing of auto components and engineering products.
Promoters and Holding
The Promoter of JK Files & Engineering Limited is Raymond Limited. The Raymond Group is one of the largest names in the country.
The shirting and suiting business is one of the leaders and is indulged into diversified business from being a manufacturer of textiles to marking presence in industries like FMCG, Realty, Engineering and Prophylactics.
The management of the company comprises of:
- Ravikant Uppal holds the position of Chairman and Non-Executive Director
- Balasubramanian Vishwanathan holds the position of Managing Director
- Gautam Hari Singhania holds the position of Non-Executive Director
- Hukumchand Chandratan Lakhotiya holds the position of Chief Executive Officer
- Arun Agarwal holds the position of Chief Financial Officer
- Akshat Chechani holds the position of Company Secretary
Is JK Files and Engineering good for Investment?
JK Files & Engineering Limited is an elaborative entity engaged in multiple business and its operations have a global outreach.
The company is in operations for about 7 decades. It has global recognition and apt technology-driven manufacturing processes.
The entity aims at developing and evolving according to the circumstance and requirements of the environment.
JK Files & Engineering Limited is wholly owned by an eminent name in the industry, Raymond Ltd, which itself speaks of its success story.
JK Files and Engineering Financial Statements
| Amount (in INR & Million) | ||||
| 30-Jun-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Assets | 2,567.64 | 2,409.72 | 2,367.35 | 2,208.66 |
| Revenue | 1,118.80 | 3,496.63 | 3,820.47 | 4,038.05 |
| Expense | 990.32 | 3,153.19 | 3,606.16 | 3,786.55 |
| Profit After Tax | 96.08 | 255.69 | 143.02 | 167.87 |
JK Files & Engineering Limited is a strong profit-making company. For the financial year ending on 31st March 2021, it reported total revenue of Rs. 3489.66 crore. And the profit for the same period is Rs. 23.87 crorereservations.
The company is making progress in its year-on-year profits.
The EPS of the company has shown a positive progress from Rs. 2.68 in 2020 to Rs. 4.85 in the year 2021.
| Earnings per Equity Share (in Million) | ||||
| 30-Jun-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic | 1.83 | 4.85 | 2.68 | 3.16 |
| & Diluted | 1.56 | 4.13 | 2.28 | 2.69 |
JK Files and Engineering IPO Review
The Book Running Lead Managers of the issue are:
- SBI Capital Markets Limited
- DAM Capital Advisors Limited
- HDFC Bank Limited
As per the DRHP, the public issue of JK Files & Engineering Limited includes reservation for the employees in respect of the offered equity shares.
It is important to note that since the IPO is an Offer for Sale issue, the company will not receive any of the proceeds from the issue.
The company has the largest manufacturing capacity and its impeccable supply of steel files, it is ranked second as the largest supplier globally. Not just the entity, but its subsidiaries are also the key players in their respective operations.
JK Files and Engineering IPO Details
Here are few more details you need to know before investing in this IPO –
JK Files and Engineering IPO Issue Object
JK Files and Engineering has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Utilization of the Offer Proceeds by Promoter Selling Shareholder
- Offer expenses
- Monitoring of Utilization of funds
- Other Confirmations
JK Files and Engineering IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Leadership position in complex and high-quality precision engineered and automotive components;
- Comprehensive product portfolio with wide ranging applications across end-segments and industries;
- De-risked business model with diversification across geographies, customers and end-segments;
- Long term and well established relationships with distributors and marquee domestic and global OEMs supported by an extensive distributor network;
- Strong engineering capabilities with strategically located manufacturing facilities resulting in continuous product development and cost efficiencies;
- Consistent financial performance; and
- Strong parentage of the Raymond group and experienced senior management team.
Quantitative factors are:
| Basic EPS | Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 4.85 | 4.13 | 24.81 | 15.37 |
| 31-Mar-20 | 2.68 | 2.28 | 17.85 | – |
| Mar-19 | 3.16 | 2.69 | 25.72 | – |
JK Files and Engineering IPO Lead Managers
Here are the list of Lead managers –
- SBI Capital Markets Limited
- DAM Capital Advisors Limited
- HDFC Bank Limited
JK Files and Engineering IPO Registrar to offer
Check out the details of registrar here –
KFin Technologies Private Limited
Selenium Tower-B, Plot 31 & 32, Gachibowli
Financial District, Nanakramguda, Serilingampally,
Hyderabad 500 032, Telangana, India
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551
E-mail: jkfiles.ipo@kfintech.com
Website: www.kfintech.com
Investor Grievance ID: einward.ris@kfintech.com
Contact Person: M Murali Krishna
SEBI Registration Number.: INR00000021
JK Files and Engineering IPO – Other Details
- Statutory Auditor – Price Waterhouse Chartered Accountants LLP
- Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co
- Bankers to the Company – Bank of Maharashtra, Axis Bank Limited, Standard Chartered Bank, HDFC Bank Limited and ICICI Bank Limited
JK Files and Engineering IPO – Conclusion
The IPO is wholly an Offer for Sale by the Promoter, Raymond Limited. The distribution channel of the company is very strong. It has high growth aspects and offers positive outcomes on the investment.
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JK Files and Engineering IPO Review FAQs
Check out the FAQs on JK Files and Engineering IPO –
What is the Issue Size of JK Files and Engineering IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of JK Files and Engineering IPO?
The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.1 per share.
What is the JK Files and Engineering IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the JK Files and Engineering IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the JK Files and Engineering IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of JK Files and Engineering IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of JK Files and Engineering IPO?
Here are the promoters of this IPO – RAYMOND LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of JK Files and Engineering IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is JK Files and Engineering IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of JK Files and Engineering Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is 255.69, 2020 is 143.02, 2019 is 167.87. PAT from June 2021 is 96.08.
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