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Jinkushal Industries IPO Description – Jinkushal Industries is the largest non-OEM exporter of construction machines from India. Recognized as a Three-Star Export House by the Directorate General of Foreign Trade (DGFT), the company has exported over 1,500 construction machines to more than 30 countries, including the UAE, Mexico, the Netherlands, South Africa, Australia, and the UK. The company operates across three key verticals: export trading of customized and accessorized new machines, refurbished used machines, and its brand, “HexL,” which currently includes backhoe loaders.
In the last three fiscals, the company supplied 1,249 machines, comprising 928 new (customized) and 366 refurbished units. Its in-house 30,000 sq. ft. refurbishment facility in Raipur, staffed by 48 skilled employees, enables JKIPL to deliver high-quality, ready-to-use machines, reducing the typical four to six-month lead time for new equipment.
The company also engages in Merchant Trade Transactions (MTT), logistics leasing, and machine rentals. Recently, JKIPL launched “HexL” through contract manufacturing in China, selling 36 units to date. With 90 permanent employees and 21 interns, the company continues to strengthen its global footprint and operational efficiency.
Promoters of Jinkushal Industries – Anil Kumar Jain, Abhinav Jain, Sandhya Jain, Tithi Jain, and Yashasvi Jain
Table of Contents
Jinkushal Industries IPO Details
| Jinkushal Industries IPO Dates | 25 – 29 September 2025 |
| Jinkushal Industries Issue Price | INR 115 – 121 per share |
| Fresh issue | 86,35,935 shares (INR 99.31 – 104.49 crore) |
| Offer For Sale | 9,59,548 shares (INR 11.03 – 11.61 crore) |
| Total IPO size | 95,95,483 shares (INR 110.35 – 116.11 crore) |
| Minimum bid (lot size) | 120 shares (INR 14,520) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Jinkushal Industries Financial Performance
| FY 2023* | FY 2024 | FY 2025 | |
| Revenue | 233.45 | 238.59 | 380.56 |
| Expenses | 220.53 | 218.07 | 361.87 |
| Net income | 10.12 | 18.64 | 19.14 |
| Margin (%) | 4.33 | 7.81 | 5.03 |
*All Standalone Data
Jinkushal Industries Offer News
- Jinkushal Industries RHP
- Jinkushal Industries DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Jinkushal Industries Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue) | |
| EPS | 3.40 | 6.27 | 6.15 | 5.00 |
| PE Ratio | – | – | 18.70 – 19.67 | 23.01 – 24.21 |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 41.29 | 43.29 | 21.22 |
| NAV | 8.24 | 14.48 | 28.98 |
| ROCE (%) | 34.11 | 29.44 | 18.39 |
| EBITDA (%) | 6.29 | 11.56 | 7.52 |
| Debt/Equity | 0.66 | 1.06 | 0.58 |
Jinkushal Industries’ Offer Objectives
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding the working capital requirements of the company – INR 72.68 crore
- General Corporate Purposes
Jinkushal Industries IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 19,21,273 | 14,39,933 | 33,59,842 | 67,21,048 |
| 29 Sep 2025 | 35.66 | 146.39 | 47.10 | 65.10 |
| 26 Sep 2025 | 0.04 | 6.79 | 7.28 | 5.11 |
| 25 Sep 2025 | 0.02 | 3.01 | 3.28 | 2.29 |
Anchor investor portion of 28,78,500 shares is not included in the above calculation.
Jinkushal Industries IPO Allotment Status
Jinkushal Industries IPO allotment status will be available on Bigshare Services website. Click on this link to get the allotment status.
Jinkushal Industries IPO Dates & Listing Performance
| IPO Opening Date | 25 September 2025 |
| IPO Closing Date | 29 September 2025 |
| Finalization of Basis of Allotment | 30 September 2025 |
| Initiation of refunds | 1 October 2025 |
| Transfer of shares to demat accounts | 1 October 2025 |
| Jinkushal Industries IPO Listing Date | 3 October 2025 |
| Opening Price on NSE | INR 125 per share (up 3.31%) |
| Closing Price on NSE | INR 121.66 per share (up 0.55%) |
Jinkushal Industries IPO Lead Manager
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower, Drive-in Road,
Thaltej, Ahmedabad-380 054, Gujarat, India
Phone: +91 8777564648
Email: [email protected]
Website: www.gyrcapitaladvisors.com
Jinkushal Industries Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Jinkushal Industries Contact Details
JINKUSHAL INDUSTRIES LIMITED
H. No. 260, Ward No. 42, Opp. C. M. House Near
Chhattisgarh Club, Civil Lines, Raipur, Chhattisgarh, 492001
Phone: +91 77091 71934
Email: [email protected]
Website: www.jkipl.in
Jinkushal Industries IPO FAQs
How many shares in the Jinkushal Industries IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in the Jinkushal Industries Public Offer?
The best way to apply for Jinkushal Industries public offer is through Internet banking, ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.