Founded in 2007, Jinkushal Industries is an export trading company specializing in customized new, used/refurbished, and own‑brand HexL construction machines across 30+ countries. The firm operates an in‑house refurbishment facility, leverages a 228‑supplier network, and has supplied 1,500+ machines cumulatively with strong FY2025 growth momentum.
Jinkushal Industries IPO
Mainboard book‑built issue (Fresh + OFS)
UPCOMING IPOJinkushal Industries is raising ₹116.15 crore via a fresh issue of about ₹104.54 crore and an OFS of about ₹11.61 crore, totaling 95,99,548 equity shares. The offer opens on September 25, 2025 and closes on September 29, 2025, with allotment expected on September 30 and listing proposed on BSE and NSE on October 3, 2025. The price band is ₹115 to ₹121 per share; the minimum retail application is 1 lot of 120 shares for ₹14,520.
| Face Value | ₹10 per share |
|---|---|
| Issue Price Band | ₹115 to ₹121 per share |
| Offer Structure | Fresh + Offer for Sale |
| Total Shares | 95,99,548 shares (aggregating up to ₹116.15 crore) |
| Fresh Issue | 86,40,000 shares (aggregating up to ₹104.54 crore) |
| Offer for Sale | 9,59,548 shares (aggregating up to ₹11.61 crore) |
| Issue Type | Book‑building IPO |
| Listing | BSE, NSE |
| Shareholding (Pre / Post) | 2,97,46,000 / 3,83,86,000 shares |
| Lead Manager | GYR Capital Advisors Pvt. Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
| 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 |
Founded in 2007, Jinkushal Industries is an export trading company specializing in customized new, used/refurbished, and own‑brand HexL construction machines across 30+ countries. The firm operates an in‑house refurbishment facility, leverages a 228‑supplier network, and has supplied 1,500+ machines cumulatively with strong FY2025 growth momentum.
FY2025 vs FY2024 (₹ crore)
| Assets | Total Income | PAT | EBITDA | Net Worth | Total Borrowings |
|---|---|---|---|---|---|
| 179.35 | 385.81 | 19.14 | 28.60 | 86.19 | 54.82 |
| 109.44 | 242.80 | 18.64 | 27.57 | 43.07 | 46.04 |
Source: Finology, IPO trackers and broker posts confirming dates, band, lot size, issue structure and FY2025 financials aligned with the RHP.
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