IPO

Jinkushal Industries Limited IPO

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Dealers-Commercial Vehicles, Tractors, Construction Vehicles

Listed On: Oct 3, 2025 at ₹ 125.0(NSE)

₹ 14520 /120 Shares

Check Allotment

25 Sep, 2025

Open Date

29 Sep, 2025

Close Date

30 Sep, 2025

Allotment Date

03 Oct, 2025

Listing Date
Price Summary

Last Closing

110.50 (-8.68%)

52 Week High

126.95

52 Week Low

106.17

Last Update

16-Oct-2025 3:30 PM
Jinkushal Industries IPO Live Subscription Details
QIB 35.66x
Retail 47.10x
NIIs 146.39x
BHNI 141.05x
SHNI 157.07x
Retail 47.10x
Total 65.10x
Last updated: 29 Sep 2025, 06:58 PM
Jinkushal Industries IPO Issue Details
  • Issue Price ₹115-121 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 95,95,483 shares(aggregating up to ₹116.11 crore)
  • Fresh Share 86,35,935 shares(aggregating up to ₹104.49 crore)
  • Offer For Sale 9,59,548 shares(aggregating up to ₹11.61 crore)
  • Listing at BSE, NSE
  • List Price 125.0(NSE)
  • Listing Date 2025-10-03
  • Lead Manager GYR Capital Advisors Pvt Ltd
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 120 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)1120₹14,520
Retail(max)131,560₹1,88,760
SHNI(min) 141,680₹2,03,280
SHNI(max) 688,160₹9,87,360
BHNI(min) 698,280₹10,01,880
Jinkushal Industries IPO Reservation

Jinkushal Industries IPO offers total 95,95,483 shares. Out of which 19,21,273 (50%) allocated to QIB, 1,439,933 (15%) allocated to NII,3,359,842 (35%) allocated to RII, NA (NA%) allocated to employees and 28,78,500 (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered28,78,500 (NA%)
QIB Shares Offered19,21,273 (50%)
NII (HNI) Shares Offered1,439,933 (15%)
bNII < ₹10L9,59,955 (NA%)
sNII < ₹10L4,79,978 (NA%)
Retail Shares Offered3,359,842 (35%)
Employee Shares OfferedNA (NA%)
Total Shares Offered95,95,483 (100%)
Jinkushal Industries IPO Documents
Jinkushal Industries IPO Details


Jinkushal Industries IPO is a book-built issue of ₹116.11 crores, The total issue size is ₹116.11 crores. The IPO of Jinkushal Industries is priced at ₹115-121 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Sep 25, 2025 and ends on Sep 29, 2025. The allotment for Jinkushal Industries IPO will be finalized on Sep 30, 2025. Jinkushal Industries IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 3, 2025. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 120 shares, extendable to 14,520. S-HNIs will be able to bid for 1,680 shares at ₹2,03,280, while B-HNIs can also apply for a bid of 8,280 shares at ₹10,01,880. The book-running lead manager for the IPO is/are GYR Capital Advisors Pvt Ltd.

The total issue ₹116.11 crore, comprising a fresh issue of 86,35,935 shares ₹104.49 crore and having Offer for Sale (OFS) of 9,59,548 shares to mop up ₹11.61 crore.

The Jinkushal Industries IPO sets its price band at 115-121 for each share. A single application for Jinkushal Industries Limited IPO must contain at least 120 shares. Sentiment investors need to invest a minimum of 120 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,520 In order to participate in the sNII, investors must purchase at least 14 lots of 1,680 shares for ₹2,03,280, while the bNII requires 69 lots of 8,280 shares for an investment of ₹10,01,880.

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Jinkushal Industries IPO Subscription Analysis And Details
Retail
47.10x
QIB
35.66x
NII
146.39x
bNII
141.05x
sNII
157.07x
Total
65.10x
As onQIBNII
bNII   sNII
RetailTotal
Shares Offered / Reserved19,19,05714,39,933
9,59,955    4,79,978
33,61,97267,20,962
Day 1 25-09-25 05:00 PM
0.02 x3.02
1.74 x   5.56 x
3.28 x2.29 x
Day 2 26-09-25 05:00 PM
0.04 x6.83
3.87 x   12.74 x
7.38 x5.17 x
Day 3 29-09-25 05:00 PM
35.66 x146.39
141.05 x   157.07 x
47.10 x65.10 x

Total No of Applications
12,32,921
Subscription on the basis of Applications
Retail:41.91x BHNI:28.35x SHNI:152.8x
Jinkushal Industries Valuations
EPS Pre IPO ₹6.43/-
EPS Post IPO ₹4.99/-
P/E Pre IPO 18.8
P/E Post IPO 24.26
ROE 28.30%
ROCE 18.39%
Debt/Equity 0.58
RoNW 21.22%
PAT Margin 5.03%
EBITDA Margin 7.52%
Price to Book Value 4.18
Jinkushal Industries Company Financials
In Crs.
In Cr.
31-Mar-2531-Mar-24
Assets179.35109.44
Revenue385.81242.80
Profit After Tax19.1418.64
Net Worth86.1943.07
Reserves & Surplus--
Total Borrowing54.8246.04
About Jinkushal Industries Company

Established in November 2007, Jinkushal Industries Limited is an export trading firm providing construction machinery worldwide. With operations across more than thirty countries—such as the UAE, Mexico, Netherlands, Belgium, South Africa, Australia, and the UK—the company has established a robust reputation for quality, customisation, and service excellence.

The company is engaged in three core business verticals:
Export trading of new customized, altered, and accessorized construction equipment. Providing specialized solutions to address client-specific operating and regional needs.
Export trading of refurbished and used construction equipment – Providing efficient and value-for-money options, stringently refurbished for guaranteed performance and adherence to quality standards.
Export of its self-owned brand 'HexL' construction equipment – Under its own brand name HexL, the company presently exports backhoe loaders designed to deliver performance, reliability, and value in international markets.

As of April 2025, Jinkushal Industries has supplied more than 1,500 construction equipment, comprising 900 new and 600 used/refurbished. The company showcased quick growth by supplying 1,171 machines within the nine months up to December 31, 2024, with 815 new and 356 used/refurbished in this timeframe.The company's own Refurbishment Facility, with 48 trained staff, is crucial in customising and refurbishing used machinery to meet customer needs. The facility ensures consistency in quality and performance through stringent adherence to technical specifications and customer specifications. Additionally, Jinkushal works with independent, non-exclusive refurbishing centres that also follow its standard operating procedures and technical guidelines.With a strong infrastructure, international network, and customer-centric approach, Jinkushal Industries Limited is continuing to expand its operations and emerge as a reliable player in the global construction equipment business.

As of December 31, 2024, there were 228 suppliers in the procurement network: 172 contractors, 51 traders, and five manufacturers.As of December 31, 2024, the company had 90 permanent staff and 21 interns.

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Jinkushal Industries - Promoter(s)

Anil Kumar Jain

Abhinav Jain

Sandhya Jain

Tithi Jain

Yashasvi Jain

Pre Issue Share Holding : 100%

Post Issue Share Holding : N/A%

Jinkushal Industries IPO - Issue Objectives
1

Funding the working capital requirements of the Company

2

General Corporate Purposes

Jinkushal Industries IPO - Anchor Investors

Jinkushal Industries raises Rs 35 crore from anchor investors prior to IPO.

Nomura Singapore, HDFC Bank, Viney Growth Fund, Steptrade Revolution Fund, Santosh Industries and Swyom India Alpha Fund are the anchor investors, who have been allotted shares.

Contact Details

Jinkushal Industries

H. No. 260, Ward No. 42 Opp. C. M. House Near Chhattisgarh Club, Civil Lines Raipur, Chhattisgarh, 492001

compliance@jkipl.in

https://www.jkipl.in/

Registrar Contact Details