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Jinkushal Industries Ltd. IPO is a book build issue of ₹116.15 crores. The issue is a combination of fresh issue of 0.86 crore shares aggregating to ₹104.54 crores and offer for sale of 0.10 crore shares aggregating to ₹11.61 crores.
Jinkushal Industries IPO bidding started from Sep 25, 2025 and ended on Sep 29, 2025. The allotment for Jinkushal Industries IPO was finalized on Sep 30, 2025. Jinkushal Industries IPO will list on BSE, NSE on Oct 3, 2025.
Jinkushal Industries IPO price band is set at ₹121.00 per share . The lot size for an application is 120. The minimum amount of investment required by an retail is ₹14,520 (120 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,680 shares), amounting to ₹2,03,280, and for bNII, it is 69 lots (8,280 shares), amounting to ₹10,01,880.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Jinkushal Industries IPO RHP for detailed Information.
| IPO Date | September 25, 2025 to September 29, 2025 |
| Listing Date | October 3, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹115 to ₹121 per share |
| Issue Price Final | ₹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 offers total 95,99,548 shares. Out of which 47,97,643 (49.98%) allocated to QIB, 19,19,143 (19.99%) allocated to QIB (Ex- Anchor), 14,39,933 (15.00%) allocated to NII 33,61,972 (35.02%) allocated to RII and 28,78,500 (29.99%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 47,97,643 (49.98%) | NA |
| − Anchor Investor Shares Offered | 28,78,500 (29.99%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 19,19,143 (19.99%) | NA |
| NII (HNI) Shares Offered | 14,39,933 (15.00%) | NA |
| − bNII > ₹10L | 9,59,955 (10.00%) | 571 |
| − sNII < ₹10L | 4,79,978 (5.00%) | 285 |
| Retail Shares Offered | 33,61,972 (35.02%) | 28,016 |
| Total Shares Offered | 95,99,548 (100.00%) |
Jinkushal Industries IPO raises ₹34.83 crore from anchor investors. Jinkushal Industries IPO Anchor bid date is September 24, 2025. Jinkushal Industries IPO Anchor Investors list
| Bid Date | September 24, 2025 |
| Shares Offered | 28,78,500 |
| Anchor Portion Size (In Cr.) | 34.83 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 29, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 28, 2025 |
Jinkushal Industries IPO opens on September 25, 2025, and closes on September 29, 2025.
| 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 |
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 | ₹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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Founded in November 2007, Jinkushal Industries Limited is an export trading company supplying construction machinery globally. Operating in over thirty countries—including the UAE, Mexico, Netherlands, Belgium, South Africa, Australia, and the UK—the company has built a strong reputation for quality, customisation, and service excellence.
The company operates across three primary business verticals:
Export trading of customised, modified, and accessorised new construction machines. Delivering tailored solutions to meet client-specific operational and regional requirements.
Export trading of used and refurbished construction machines – Offering reliable and cost-effective alternatives, rigorously refurbished to ensure optimal performance and compliance with quality standards.
Export trading of its own brand ‘HexL’ construction machines – Under its proprietary brand HexL, the company currently offers backhoe loaders engineered for performance, durability, and value across global markets.
As of April 2025, Jinkushal Industries has supplied over 1,500 construction machines, including 900 new and 600 used/refurbished. The company demonstrated rapid growth by supplying 1,171 machines in the nine months ended December 31, 2024, wit 815 new an 356 used/refurbished during this period.
The company’s in-house Refurbishment Facility, which is staffed by 48 skilled employees, plays a critical role in customising and reconditioning pre-owned machinery to satisfy customer requirements. This facility guarantees consistent quality and performance through rigorous compliance with technical standards and customer specifications. Furthermore, Jinkushal collaborates with independent, non-exclusive refurbishment centres that adhere to its standard operating procedures and technical guidelines.
With a robust infrastructure, global reach, and a customer-first philosophy, Jinkushal Industries Limited continues to scale its operations and strengthen its position as a trusted player in the international construction equipment trade.
As of December 31, 2024, the procurement network included 228 suppliers: 172 contractors, 51 traders, and five manufacturers.
As of December 31, 2024, the company had 90 permanent employees and 21 interns.
Competitive Strength:
Jinkushal Industries Ltd.'s revenue increased by 59% and profit after tax (PAT) rose by 3% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 179.35 | 109.44 |
| Total Income | 385.81 | 242.80 |
| Profit After Tax | 19.14 | 18.64 |
| EBITDA | 28.60 | 27.57 |
| NET Worth | 86.19 | 43.07 |
| Total Borrowing | 54.82 | 46.04 |
| Amount in ₹ Crore | ||
KPI as of Mon, Mar 31, 2025.
| 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 |
| Market Capitalization | 464.42 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.43 | 4.99 |
| P/E (x) | 18.8 | 24.26 |
The Company Jinkushal Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 72.68 |
| 2 | General Corporate Purposes | 2.14 |
[Dilip Davda] JIL is engaged in export trading of new/customized/used/refurbished construction machines in global markets. It has started its own brand “HexL” in a partnership with a Chinese venture. The company enjoys niche place in this segment as a preferred partner. Based on its recent financial data, the issue appears fully priced, discounting all near term positives. Only well-informed/risk seekers may park moderate funds for medium term. Read detail review...
| Listing Date | October 3, 2025 |
| BSE Script Code | 544547 |
| NSE Symbol | JKIPL |
| ISIN | INE1FF001016 |
| Final Issue Price | ₹121 per share |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹121.00 | ₹121.00 |
| Open | ₹125.00 | ₹115.57 |
| Low | ₹118.75 | ₹115.57 |
| High | ₹128.00 | ₹118.99 |
| Last Trade | ₹121.60 | ₹115.57 |
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/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Jinkushal Industries IPO is a main-board IPO of 95,99,548 equity shares of the face value of ₹10 aggregating up to ₹116.15 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 120.
The IPO opens on September 25, 2025, and closes on September 29, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Jinkushal Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Jinkushal Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jinkushal Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jinkushal Industries IPO opens on September 25, 2025 and closes on September 29, 2025.
Jinkushal Industries IPO lot size is 120, and the minimum amount required for application is ₹14,520.
You can apply in Jinkushal Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Jinkushal Industries IPO will be done on Tuesday, September 30, 2025, and the allotted shares will be credited to your demat account by Wednesday, October 1, 2025. Check the Jinkushal Industries IPO allotment status.
The Jinkushal Industries IPO listing date is on Friday, October 3, 2025.
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