Bookbuilding IPO | ₹116 Cr | Listed at BSE, NSE | Thu, Sep 25, 2025 - Mon, Sep 29, 2025
Jinkushal Industries 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. The shares got listed on BSE, NSE on Oct 3, 2025.
Jinkushal Industries IPO price band is set at ₹121 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 Open
Thu, Sep 25, 2025
IPO Close
Mon, Sep 29, 2025
Issue Price
₹121 per share
Market Cap (Pre-IPO)
₹464.42 Cr
| IPO Date | 25 to 29 Sep, 2025 |
| Listed on | Fri, Oct 3, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹115 to ₹121 |
| Issue Price | ₹121 per share |
| Lot Size | 120 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 95,99,548 shares (agg. up to ₹116 Cr) |
| Fresh Issue | 86,40,000 shares (agg. up to ₹105 Cr) |
| Offer for Sale | 9,59,548 shares of ₹10 (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 2,97,46,000 shares |
| Share Holding Post Issue | 3,83,86,000 shares |
| BSE Script Code / NSE Symbol | 544547 / JKIPL |
| ISIN | INE1FF001016 |
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 | Max 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%) |
Investors can bid for a minimum of 120 shares and in multiples thereof.
| 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 raises ₹34.83 crore from anchor investors. Jinkushal Industries IPO Anchor bid date is September 24, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Sep 24, 2025 |
| Shares Offered | 28,78,500 |
| Anchor Portion (₹ Cr.) | 34.83 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Oct 29, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Dec 28, 2025 |
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 | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 72.68 |
| 2 | General Corporate Purposes | 2.14 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 6.43 | 4.99 |
| P/E (x) | 18.8 | 24.26 |
| Promoter Holding | 100% | 74.99% |
| Market Cap | ₹464.42 Cr. |
The Jinkushal Industries IPO is subscribed 65.09 times on September 29, 2025 5:04:56 PM (Day 3). The public issue subscribed 47.04 times in the retail category, 35.70 times in the QIB category, and 146.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 35.70 | 19,19,057 | 6,85,11,240 |
| NII | 146.39 | 14,39,933 | 21,07,85,520 |
| bNII (bids above ₹10L) | 141.05 | 9,59,955 | 13,54,04,760 |
| sNII (bids below ₹10L) | 157.05 | 4,79,978 | 7,53,80,760 |
| Retail | 47.04 | 33,61,972 | 15,81,49,800 |
| Total | 65.09 | 67,20,962 | 43,74,46,560 |
Total Application : 12,23,980
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM and commissions (including underwriting commission, brokerage and selling commission) | 5.23 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer and fee payable to the Sponsor Bank for Bids made by RIBs, Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, CRTAs and CDP | 0.45 |
| 3 | Advertising and marketing expenses | 1.77 |
| 4 | Fee payable to auditors, consultants and market research firms | 0.79 |
| 5 | Fees to regulators, including Stock Exchanges Listing fees, SEBI, BSE and NSE processing fees, book building software fees and other regulatory expenses | 1.18 |
| 6 | Others (i) Printing and distribution of stationery; (ii) Fees payable to the Registrar to the Offer; (iii) Fees payable to Legal Counsel; and Miscellaneous | 2.20 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹121.00 | ₹121.00 |
| Open | ₹125.00 | ₹125.00 |
| Low | ₹118.75 | ₹118.75 |
| High | ₹128.00 | ₹126.95 |
| Last Trade | ₹121.60 | ₹121.66 |
Lead Manager Reports
Jinkushal Industries IPO is a main-board IPO of 95,99,548 equity shares of the face value of ₹10 aggregating up to ₹116 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 120.
The IPO opens on Thu, Sep 25, 2025, and closes on Mon, Sep 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 Thu, Sep 25, 2025 and closes on Mon, Sep 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 Wed, Oct 1, 2025. Check the Jinkushal Industries IPO allotment status.
The Jinkushal Industries IPO listing date is on Fri, Oct 3, 2025.
