IMAP India is pleased to announce the successful Rs. 650 crore (~$78 million) fund raise and public listing of JNK India, the Indian affiliate of Korea-based JNK Global Ltd.
JNK India is a leading player in the heating equipment industry, with capabilities spanning thermal design, engineering, manufacturing, supply, installation, and commissioning of process-fired heaters, reformers, and cracking furnaces—key thermal systems used in oil refineries and petrochemical plants. The company also provides integrated services, including on-site installation, design support, and aftersales/maintenance solutions.
With a strong order pipeline, the company was well-positioned for the next phase of growth but required fresh capital to unlock larger project opportunities. IMAP India worked closely with the management team to evaluate its strategic capital needs and chart a path to raise growth capital through the Indian public markets.
IMAP India played a pivotal role in the IPO journey—supporting the company through governance and regulatory processes and helping onboard and coordinate with key stakeholders including merchant bankers, legal advisors, and other intermediaries. The offering was successfully subscribed and listed at a premium, validating the company’s fundamentals and growth strategy.
