Jinkushal Industries IPO
Open MainLineCurrent GMP
₹20 (+16.53%)
Price Band
₹ 115 – 121
Lot Size
120
Issue Size
₹116.15 Cr
Minimum Investment
₹14520 (120 Shares)
Listing Date
03 October 2025
Subscription
65.1x
About the Company
Jinkushal Industries Limited
Incorporated in November 2007
Jinkushal Industries Limited is a global export trading company specializing in the supply of construction machinery. With a presence in more than 30 countries—including the UAE, Mexico, Netherlands, Belgium, South Africa, Australia, and the UK—the company has earned a strong reputation for quality, customization, and service excellence.
Business Verticals
The company operates across three core verticals:
- Export Trading of New Construction Machines
- Specializes in customised, modified, and accessorised equipment.
- Delivers tailored solutions designed to meet operational and regional requirements of international clients.
- Export Trading of Used & Refurbished Construction Machines
- Offers reliable, cost-effective alternatives to new machines.
- Machines are rigorously refurbished to meet performance and quality standards, ensuring long-term value.
- Export Trading of Proprietary Brand – HexL
- Under its in-house brand HexL, the company currently markets backhoe loaders.
- The machines are engineered for durability, performance, and affordability, targeting diverse global markets.
Operations & Performance
- As of April 2025, Jinkushal Industries has supplied over 1,500 construction machines:
- 900 new units
- 600 used/refurbished units
- The company achieved rapid growth in the nine months ended December 31, 2024, supplying 1,171 machines:
- 815 new units
- 356 used/refurbished units
Refurbishment Facility
- The company operates an in-house refurbishment facility, employing 48 skilled technicians.
- This unit customises and reconditions pre-owned machinery to align with customer requirements.
- Ensures consistent quality and performance by adhering to rigorous technical standards.
- Additionally, Jinkushal partners with independent, non-exclusive refurbishment centres that strictly follow its standard operating procedures (SOPs) and technical guidelines.
Procurement Network
As of December 31, 2024, the company’s procurement network comprised 228 suppliers:
- 172 contractors
- 51 traders
- 5 manufacturers
Human Resources
- As of December 31, 2024, the company employed:
- 90 permanent employees
- 21 interns
Market Position
Backed by a robust infrastructure, a well-established supplier base, and a customer-first approach, Jinkushal Industries Limited continues to expand its footprint and reinforce its position as a trusted global player in the construction equipment trade.
Promoters
- Anil Kumar Jain
- Abhinav Jain
- Sandhya Jain
- Tithi Jain
- Yashasvi Jain
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
74.99%
Objects of the Issue
The Company Jinkushal Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding the working capital requirements of the Company
- General Corporate Purposes
Address / Contact Info
Jinkushal Industries Ltd.
H. No. 260, Ward No. 42
Opp. C. M. House Near Chhattisgarh Club,
Civil Lines
Raipur, Chhattisgarh, 492001
Email: compliance@jkipl.in
Website: https://www.jkipl.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 25 September 2025
IPO Close Date
Monday, 29 September 2025
Basis of Allotment
Tuesday, 30 September 2025
Initiation of Refunds
Wednesday, 01 October 2025
Credit of Shares to Demat
Wednesday, 01 October 2025
Listing Date
Friday, 03 October 2025 — NSE & BSE
Important Dates
Open Date
25 September 2025
Close Date
29 September 2025
Basis Of Allotment
30 September 2025
Listing Date
03 October 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|
| Assets | 179.35 | 109.44 |
| Revenue | 385.81 | 242.8 |
| Profit After Tax | 19.14 | 18.64 |
| Net Worth | 86.19 | 43.07 |
| Reserve & Surplus | 0 | 0 |
| Total Borrowings | 54.82 | 46.04 |
EPS Pre
6.43%
EPS Post
4.99%
P/E Pre
18.80
P/E (Post Issue)
18.80x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 28.3 | 55.19 | 51.95 |
| ROCE % | 18.39 | 29.44 | 34.11 |
| Debt / Equity | 0.58 | 1.06 | 0.66 |
| RoNW % | 21.22 | 43.29 | 41.29 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 5.03 | 7.81 | 4.33 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 4797557 | 49.98 | 0 |
| Non-Institutional | 1439933 | 15 | 0 |
| Retail Investors | 3361972 | 35.02 | 0 |
| Total | 9599462 | 100 | 0 |
Subscription Status ( Mon, 29 Sep 25 01:38 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1921273 | 68511240 | 35.66x |
| Non-Institutional | 1439933 | 210793920 | 146.39x |
| BNII | 959956 | 135404760 | 141.05x |
| SNII | 479977 | 75389160 | 157.07x |
| Retail Investors | 3359842 | 158264400 | 47.1x |
| Total | 6721048 | 437569560 | 65.1x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Jinkushal Industries Ltd | 10 | 0.00 | 6.15 | 6.15 | 21.22 | 28.98 |
| Action Construction Equipment Ltd | 2 | 31.18 | 34.39 | 34.37 | 25.34 | 135.60 |
| Vision Infra Equipment Solutions Ltd | 10 | 10.94 | 15.97 | 15.97 | 20.68 | 66.82 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 120 | 14,520.00 |
| Retail (Max) | 13 | 1,560 | 188,760.00 |
| S-HNI (Min) | 14 | 1,680 | 203,280.00 |
| S-HNI (Max) | 68 | 8,160 | 987,360.00 |
| B-HNI (Min) | 69 | 8,280 | 1,001,880.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- GYR Capital Advisors Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Jinkushal Industries IPO is a Book-building IPO worth ₹116.15 crores. The price band is ₹115 to 121 per share. The IPO opens on Thu, Sep 25, 2025 and closes on Mon, Sep 29, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Jinkushal Industries IPO opens on Thu, Sep 25, 2025 and closes on Mon, Sep 29, 2025
Jinkushal Industries IPO Price Band is ₹115 to 121.
Jinkushal Industries IPO lot size is 120, and the minimum amount required for application is ₹14520.
The minimum investment for Jinkushal Industries IPO is approximately ₹14520 based on the upper price band.
To apply for the Jinkushal Industries IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Sep 29, 2025. After submission, funds are blocked until the basis of allotment of Jinkushal Industries IPO is finalised.
Jinkushal Industries IPO issue size is ₹116.15 crores.
Jinkushal Industries IPO allotment date is Sat, Jun 27, 2026.
The registrar for Jinkushal Industries IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Jinkushal Industries IPO through their official website or helpline.
The Jinkushal Industries IPO GMP (Grey Market Premium) is ₹20 as of Fri, Oct 3, 2025. Based on the upper price band of ₹121 per share, the estimated Jinkushal Industries IPO listing price is ₹141, indicating a potential listing gain of approximately 31% over the issue price.