Allotment

The Jinkushal Industries Ltd. IPO was launched as a book-built public offering with a total issue size of ₹116.15 crore. The issue included a fresh equity issuance of approximately 0.86 crore shares, raising ₹104.54 crore, along with an offer for sale of about 0.10 crore shares valued at ₹11.61 crore.
The IPO opened for subscription on September 25, 2025, and closed on September 29, 2025. Share allotment was completed on September 30, 2025, and the company’s equity shares are scheduled to be listed on both the BSE and NSE on October 3, 2025.
The price band for the Jinkushal Industries IPO was fixed at ₹121 per share. Investors were required to apply in a minimum lot size of 120 shares. Based on the upper price band, the minimum investment for retail investors was ₹14,520. For non-institutional investors, the minimum application size for small NIIs was 14 lots, or 1,680 shares, involving an investment of ₹2,03,280, while big NIIs were required to apply for 69 lots, or 8,280 shares, amounting to ₹10,01,880.
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| IPO Date | 3 Oct |
| IPO Listing Date | 3 Oct |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹121.00 |
| IPO Issue Size | 95,99,548 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 2,97,46,000 shares |
| IPO Open Date | 25 Sep |
| IPO Close Date | 29 Sep |
| IPO Allotment (Tentative) | 30 Sep |
| Refunds | 1 Oct |
| Credit to Demat Account | 1 Oct |
| IPO Listing Date | 3 Oct |
| Category | Offer |
|---|---|
| QIB Shares Offered | 47,97,643 (49.98%) |
| NII (HNI) Shares Offered | 14,39,933 (15.00%) |
| Retail Shares Offered | 33,61,972 (35.02%) |
Investors can purchase a minimum of 120 shares, and any additional shares must be bought in multiples of 120.
| Application | Lots | Share | 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 Limited was established in November 2007 and operates as an international export trading company specializing in construction equipment. With a presence in more than thirty countries, including the UAE, Mexico, the Netherlands, Belgium, South Africa, Australia, and the United Kingdom, the company has earned recognition for its focus on quality, customization, and dependable service.
The company’s operations are structured around three core business segments. The first involves the global export of new construction machinery that is customized, modified, and fitted with accessories to suit specific customer needs and regional operating conditions. The second segment focuses on the export of pre-owned and refurbished construction equipment, providing cost-efficient solutions that undergo thorough reconditioning to meet defined performance and quality benchmarks. The third segment relates to the export of construction machines under its proprietary brand, “HexL.” Through this brand, the company currently offers backhoe loaders designed to deliver durability, efficiency, and value across international markets.
By April 2025, Jinkushal Industries had supplied more than 1,500 construction machines worldwide, comprising around 900 new units and 600 used or refurbished units. The company recorded strong growth momentum, delivering 1,171 machines during the nine months ended December 31, 2024, of which 815 were new and 356 were refurbished or pre-owned.
A key operational strength of the company is its in-house refurbishment facility, supported by a team of 48 skilled professionals. This facility is responsible for upgrading and reconditioning used machinery to align with customer expectations and technical requirements, ensuring consistent quality and reliable performance. In addition, Jinkushal Industries partners with independent, non-exclusive refurbishment centers that follow its established operating procedures and technical standards.
Supported by a strong operational infrastructure, extensive global reach, and a customer-centric approach, Jinkushal Industries Limited continues to expand its footprint and reinforce its position as a trusted participant in the global construction equipment export market.
As of December 31, 2024, the company’s procurement network consisted of 228 suppliers, including 172 contractors, 51 traders, and 5 manufacturers. During the same period, the workforce comprised 90 permanent employees along with 21 interns.
The company’s competitive advantages include its position as a leading exporter of construction machinery in key markets such as the UAE and the USA through its subsidiaries, a strong emphasis on refurbishment and reuse that supports the circular economy and environmental responsibility, a diversified international market presence with optimized equipment offerings, and an efficient supply chain that enables smooth export operations.
| Assets | 179.35 | 109.44 | - |
| Total Income | 385.81 | 242.80 | - |
| Profit After Tax | 19.14 | 18.64 | - |
| EBITDA | 28.6 | 27.57 | - |
| NET Worth | 86.19 | 43.07 | - |
| Reserves and Surplus | - | - | - |
| Total Borrowing | 54.82 | 46.04 | - |
| 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 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 72.68 |
| 3 | To meet out the General Corporate Purposes; | 2.14 |
| 4 | Offer for Sale (OFS) | - |
Jinkushal Industries Limited
House No. 260, Ward No. 42
Opposite C. M. House, Near Chhattisgarh Club
Civil Lines, Raipur
Chhattisgarh – 492001
Email: compliance@jkipl.in
Website: www.jkipl.in
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