Jinkushal Industries Limited – IPO
Jinkushal Industries Limited – IPO Details
| IPO Date | September 25, 2025 to September 29, 2025 |
| Listing Date | October 3, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 115 to ₹ 121 / Share |
| Lot Size | 120 Shares |
| Total Issue Size | 95,95,483 shares (Aggregating up to ₹116.11 Cr) |
| Fresh Issue | 86,35,935 shares (Aggregating up to ₹104.49 Cr) |
| Offer for Sale | 9,59,548 shares of ₹10 (Aggregating up to ₹11.61 Cr) |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 2,97,46,000 shares |
| Share holding post issue | 3,83,81,935 shares |
| Market Maker portion |
Jinkushal Industries Limited Timeline (Tentative Schedule)
Jinkushal Industries Limited IPO opens on September 25, 2025, and closes on September 29, 2025.
| IPO Open Date | September 25, 2025 |
| IPO Close Date | September 29, 2025 |
| Basis of Allotment | September 30, 2025 |
| Initiation of Refunds | October 1, 2025 |
| Credit of Shares to Demat | October 1, 2025 |
| Listing Date | October 3, 2025 |
| Cut-off time for UPI mandate confirmation | September 29, 2025 |
Jinkushal Industries Limited IPO 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 Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 120 | Rs.14,520 |
| Retail (Max) | 13 | 1,560 | Rs.188,760 |
| S-HNI (Min) | 14 | 1,680 | Rs.203,280 |
| S-HNI (Max) | 68 | 8,160 | Rs.987,360 |
| B-HNI (Min) | 69 | 8,280 | Rs.1,001,880 |
| HNI (Min) |
Jinkushal Industries Limited IPO Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
Jinkushal Industries Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% |
|
| NII (HNI) Shares Offered | Not less than 15% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Jinkushal Industries Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Jinkushal Industries Limited
Established in November 2007, Jinkushal Industries Limited is an export trading firm providing construction machinery worldwide. With operations spanning more than thirty countries, including the UAE, Mexico, the Netherlands, Belgium, South Africa, Australia, and the UK, the business has established a robust reputation for quality, customization, and service excellence.
The firm operates under three major business verticals:
Export trading of customized, altered, and accessorized new building machines. Providing customized solutions to address client-specific operational and regional demands.
Export trading of second-hand and remanufactured building machines – Providing dependable and budget-friendly substitutes, stringently refurbished to achieve maximum performance and adherence to quality standards.
Export marketing of its own brand 'HexL' construction equipment – Under its own brand name HexL, the company presently deals in backhoe loaders designed for performance, durability, and value in international markets.
As of April 2025, Jinkushal Industries has delivered more than 1,500 construction equipment, out of which 900 were new and 600 used/refurbished. The company has shown aggressive growth by delivering 1,171 machines during the nine months ended December 31, 2024, with 815 new and 356 used/refurbished during these nine months.
The in-house Refurbishment Facility of the company, manned by 48 expert staff, is key to bespoke customization and refurbishment of second-hand machinery to meet customer specifications. The facility ensures quality and performance consistency through strict adherence to technical standards and customer specifications. In addition, Jinkushal also partners with standalone, non-exclusive refurbishment centres that follow its standard procedures and technical guidelines.
With a strong infrastructure, worldwide reach, and customer-centric approach, Jinkushal Industries Limited goes on to expand its business and establish itself as a reliable player in the global construction equipment business.
The procurement network on December 31, 2024, consisted of 228 suppliers: 172 contractors, 51 traders, and five manufacturers.
On December 31, 2024, the company had 90 permanent staff and 21 interns.
Competitive Strength
A prominent exporter of construction equipment in the UAE and USA with subsidiaries.
Remanufacturing, reusing, and supporting circular economy as well as being environmentally responsible.
Geographic Market Diversification and Optimized Machine Solutions.
Effective supply chain infrastructure underpinning its export trading of construction equipment.
Key Performance Indicator
The market capitalization of Jinkushal Industries IPO is ₹464.42 Cr.
| KPI | Values |
|---|---|
| ROE | 28.30% |
| ROCE | 18.39% |
| Debt/Equity | 11.30 |
| RoNW | 21.22% |
| P/BV | 4.18 |
| PAT Margin (%) | 5.03% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.43 | 4.99 |
| P/E (x) | 18.8 | 24.26 |
Note:
- The Pre IPO EPS is calculated based on Pre-IPO shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025, which is available in RHP.
Objects of the Issue ( Jinkushal Industries Limited IPO Objectives)
Jinkushal Industries Limited Contact Details
Jinkushal Industries Ltd. H. No. 260, Ward No. 42 Opp. C. M. House Near Chhattisgarh Club, Civil Lines Raipur, Chhattisgarh, 492001 Email: [email protected] Website: https://www.jkipl.in/ |
Jinkushal Industries Limited IPO Registrar
Bigshare Services Pvt.Ltd. Phone: +91-22-6263 8200 Email: [email protected] |