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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 |
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
- If you’re a new investor, Open a DEMAT Account for free with Angel One and begin your investment journey.
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?
When will JK Files & Engineering Ltd. IPO allotment be available?
What will be JK Files & Engineering Ltd. IPO lot size?
When will JK Files & Engineering Ltd. IPO open for subscription?
What minimum lot size can retail investors subscribe to?
When will JK Files & Engineering Ltd. list on exchanges?
How to check the allotment status of JK Files & Engineering Ltd. IPO?
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?
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?
How to approve the UPI mandate request for the JK Files & Engineering Ltd. IPO?
Can I submit more than one application for the public issue of JK Files & Engineering Ltd. using one PAN?
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