Jinkushal Industries IPO
GMP, Subscription, Price, Dates & Financial Details
Trading
Jinkushal Industries Limited Incorporated in November 2007Jinkushal 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…
Open Date
Thu, 25 Sep 2025
Close Date
Mon, 29 Sep 2025
Price Band
₹ 115 – 121
Lot Size
120
Issue Size
₹ 116.15 Cr
Minimum Investment
₹ 14,520 (120 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Jinkushal Industries IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹116.15 Crore, comprising a fresh issue of 86.40 Lakh equity shares aggregating to ₹104.54 Crore and an offer for sale (OFS) of 9.60 Lakh equity shares aggregating to ₹11.61 Crore by the existing shareholders.
The Jinkushal Industries IPO remained open for subscription from September 25, 2025, to September 29, 2025. The basis of allotment was finalized on September 30, 2025, and the company's shares were listed on the NSE and BSE on October 03, 2025.
The company had fixed the price band at ₹115 to ₹121 per share, with a lot size of 120 shares. Retail investors were required to make a minimum investment of ₹14,520 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. GYR Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Jinkushal Industries Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Jinkushal Industries IPO Timeline (Tentative)
- IPO Open Date
- Thu, 25 Sep 25
- IPO Close Date
- Mon, 29 Sep 25
- Basis of Allotment
- Tue, 30 Sep 25
- Initiation of Refunds
- Wed, 01 Oct 25
- Credit of Shares to Demat
- Wed, 01 Oct 25
- Listing Date
- Fri, 03 Oct 25 — NSE & BSE
Open Date
25 September 2025
Close Date
29 September 2025
Basis Of Allotment
30 September 2025
Listing Date
03 October 2025
IPO Subscription
Check Live Subscription →The Jinkushal Industries IPO has received bids for 43,75,69,560 shares against 67,21,048 shares offered, resulting in an overall subscription of 65.1x. the NII category is subscribed 146.39x, Retail Investors 47.1x, and QIBs 35.66x. Within the NII category, BNII is subscribed 141.05x, while SNII is subscribed 157.07x.
QIB
35.66x
NII
146.39x
BNII
141.05x
SNII
157.07x
RII
47.1x
Total
65.1x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 33,61,972 shares, representing 35.02% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 47,97,557 shares (49.98%), while Non-Institutional Investors (NIIs) receive 14,39,933 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 4,797,557 | 49.98% |
| Non-Institutional | 1,439,933 | 15% |
| Retail Investors | 3,361,972 | 35.02% |
| Total | 9,599,462 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Jinkushal Industries Limited KPI Information
| 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 |
| Pat Margin % | 5.03 | 7.81 | 4.33 |
Peers Comparison
| 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 |
About Jinkushal Industries Limited
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.
Jinkushal Industries IPO Promoters
- Anil Kumar Jain
- Abhinav Jain
- Sandhya Jain
- Tithi Jain
- Yashasvi Jain
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
74.99%
Jinkushal Industries IPO Objective
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
Jinkushal Industries Limited Address / Contact Details
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
Jinkushal Industries IPO Lot Size
The Jinkushal Industries IPO has a lot size of 120 shares. Retail investors require a minimum investment of ₹14,520 by applying for 1 lot (120 shares). The maximum application allowed for the retail category is 13 lots (1,560 shares), requiring an investment of ₹1,88,760.
| 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 |
Issue Reservation
- QIB — 49.98%
- NII — 15%
- RII — 35.02%
Book Running Lead Managers
- GYR Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Jinkushal Industries IPO?
Jinkushal Industries IPO is a Book-building IPO with a total issue size of ₹116.15 crore. The Jinkushal Industries IPO price band is ₹115 to 121 per share. The Jinkushal Industries IPO subscription opens on Thu, Sep 25, 2025, and closes on Mon, Sep 29, 2025. The Jinkushal Industries IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the Jinkushal Industries IPO.
When will the Jinkushal Industries IPO open for subscription?
The Jinkushal Industries IPO opens on Thu, Sep 25, 2025 and closes on Mon, Sep 29, 2025
What is Jinkushal Industries IPO Price Band?
Jinkushal Industries IPO Price Band is ₹115 to 121 per share.
What is Jinkushal Industries IPO Lot Size?
Jinkushal Industries IPO lot size is 120 shares, Retail investors need a minimum investment of ₹14520 based on the upper price band
What is the minimum investment for Jinkushal Industries IPO?
The minimum investment for Jinkushal Industries IPO is ₹14520, based on one lot of 120 shares at the upper price band of ₹121 per share.
How to apply for Jinkushal Industries IPO?
Investors can apply for the Jinkushal Industries IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 29, 2025. The application amount remains blocked until the Jinkushal Industries IPO allotment is finalized.
What is Jinkushal Industries IPO Issue Size?
Jinkushal Industries IPO issue size is ₹116.15 crores.
What is the Jinkushal Industries IPO Allotment Date?
Jinkushal Industries IPO allotment date is Tue, Sep 30, 2025.
Who is the Jinkushal Industries IPO Registrar?
The registrar for Jinkushal Industries IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Jinkushal Industries IPO allotment status, refund processing, and other IPO-related information.
What is the Jinkushal Industries IPO GMP?
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 16.53% over the issue price.
Who is the Jinkushal Industries IPO Lead Manager?
The book-running lead managers (BRLMs) for the Jinkushal Industries IPO are GYR Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Jinkushal Industries IPO Red Herring Prospectus (RHP).