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Jinkushal Industries IPO
Jinkushal Industries Ltd has opened its IPO on September 25, 2025, which will close on September 29, 2025. The Jinkushal Industries IPO size is ₹116.11 crore, comprising a fresh issue of approximately ₹104.49 crore and an offer for sale (OFS) worth ₹11.61 crore. The issue price band is fixed between ₹115 and ₹121 per share with a face value of ₹10. The minimum lot size is 120 shares, requiring a minimum investment of about ₹14,520. The company’s shares are expected to list on BSE and NSE on or around October 3, 2025. Bigshare Services Pvt Ltd is the registrar for the IPO.
Company Background
Founded in 2007, Jinkushal Industries Limited is engaged in the export trading of new, customized and refurbished construction machinery globally. The company offers a diverse product range, including hydraulic excavators, bulldozers, motor graders, cranes and backhoe loaders. It operates under three verticals: export of new/customized machines, export of refurbished machines and export of its own brand “HexL” construction machines. With presence in more than 30 countries, such as the UAE, Australia and the UK, the company is recognized as a Three-Star Export House by the Directorate General of Foreign Trade.
Operations & Product Range
Facility & Production
The company of Jinkushal Industries IPO sources machinery from reputed original equipment manufacturers (OEMs) and refurbishes used machines in its facilities. It also leases warehouses and rents out construction machinery to enhance its service offerings. Its service and repair team ensures quality and reliability for refurbished machines before export.
Brands & Market Presence
Jinkushal Industries’ brand HexL has been developed to offer competitively priced construction equipment with a reliable service network. The company’s extensive distribution and customer support system reinforces its presence in key international markets, contributing to steady export volumes and client loyalty.
Revenue Channels
- • Export of new customized and accessorized construction machines.
- • Export of used and refurbished construction machinery.
- • Export of own-branded “HexL” construction machinery.
- • Leasing and renting of machinery and warehouses.
Management & Shareholding
Promoters & Shareholding
The promoter group of Jinkushal Industries IPO, led by Anil Kumar Jain and family, holds a majority stake and drives strategic decisions, business expansion and compliance. Their experience in construction machinery export and refurbishment underpins the company’s competitive edge and international footprint. The IPO proceeds will dilute promoter holdings but allow resource mobilization for growth.
Board Members
The board of Jinkushal Industries IPO includes promoter directors and independent professionals tasked with governance, risk management and audit oversight. The governance framework and committees ensure transparent operations and align with the mainboard listing requirements.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Jinkushal Industries IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Jinkushal Industries IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 25, 2025 to September 29, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹115 to ₹121 per share |
| Lot Size | 120 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 95,99,548 shares (aggregating up to ₹116.15 Cr) |
| Fresh Issue | 86,40,000 shares (aggregating up to ₹104.54 Cr) |
| Offer for Sale | 9,59,548 shares of ₹10 (aggregating up to ₹11.61 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,97,46,000 shares |
| Share Holding Post Issue | 3,83,86,000 shares |
Jinkushal Industries IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Thu, Sep 25, 2025 |
| IPO Close Date | Mon, Sep 29, 2025 |
| Tentative Allotment | Tue, Sep 30, 2025 |
| Initiation of Refunds | Wed, Oct 1, 2025 |
| Credit of Shares to Demat | Wed, Oct 1, 2025 |
| Tentative Listing Date | Fri, Oct 3, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 29, 2025 |
Jinkushal Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 120 | ₹14,520 |
| Retail (Max) | 13 | 1,560 | ₹1,88,760 |
| S-HNI (Min) | 14 | 1,680 | ₹2,03,280 |
| S-HNI (Max) | 68 | 8,160 | ₹9,87,360 |
| B-HNI (Min) | 69 | 8,280 | ₹10,01,880 |
Jinkushal Industries IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 100% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Largest non-OEM exporter of construction machinery from India with a 6.9% market share.
- • Diverse product offering from new, refurbished and own-branded machinery.
- • Export reach in over 30 countries with recognition as a Three-Star Export House.
- • Wide supplier base including 228 suppliers spanning manufacturers, contractors and traders.
- • Strong financial growth with 73.37% CAGR in revenue over five years and robust ROE of 53.78%.
Jinkushal Industries IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 179.35 | 385.81 | 19.14 | 86.19 | 54.82 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 109.44 | 243 | 19 | 43 | 46.04 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.43 | 4.99 |
| P/E (x) | 18.8 | 24 |
Objectives of Jinkushal Industries IPO
- • Fund long-term incremental working capital to support export volumes.
- • Repay or prepay existing term loans to strengthen the balance sheet.
- • General corporate purposes include marketing, technological upgrades and operational enhancements.
Conclusion
Jinkushal Industries IPO provides a chance to invest in an established exporter of construction machinery with a comprehensive product range and growing international footprint. The company’s product diversification, robust export network and strong financial history support its growth outlook. The IPO funds are aimed at enhancing working capital and debt reduction, paving the way for sustained expansion.
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Frequently asked Questions (FAQs )
-
What are the Jinkushal Industries IPO dates and price band?
The IPO opens on September 25 and closes on September 29, 2025, with a price band of ₹115 to ₹121 per share.
-
What is the issue size and minimum lot?
The total issue size is ₹116.11 crore with a minimum lot size of 120 shares, requiring about ₹14,520.
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What business does Jinkushal Industries operate?
Export trading of new/customized, refurbished construction machinery and export of own branded HexL machines.
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Who are the promoters of Jinkushal Industries IPO?
Anil Kumar Jain and family, who hold controlling stakes and lead strategic growth.
-
How many countries does the company export to?
Over 30 countries, including the UAE, Australia and the UK.
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What are the strengths of the company?
Market leadership in non-OEM exports, diverse products, expanding brand HexL, strong supplier base and excellent financials.
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What are the key uses of Jinkushal Industries IPO proceeds?
Working capital augmentation, debt repayment and general corporate purposes.
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