Mumbai, September 16, 2025: Export-oriented construction machinery supplier Jinkushal Industries has announced the launch of its ₹116.11 crore IPO, which will open for subscription from September 25 to September 29. The company has fixed the price band at ₹115–121 per share, with listing scheduled on October 3, 2025, on BSE and NSE.
The IPO comprises a fresh issue of 86.36 lakh shares worth ₹104 crore and an offer for sale (OFS) of 9.60 lakh shares valued at ₹11.61 crore. At the upper price band, the company’s post-listing market cap is estimated at ₹464.42 crore. Investors can bid for a minimum of 120 shares per lot, requiring ₹14,520, while retail investors can apply for up to 13 lots.
As per SEBI guidelines, 50% of the issue is reserved for QIBs, 15% for NIIs, and 35% for retail investors. The funds raised will primarily be used for working capital needs of ₹72.7 crore, along with general corporate purposes. GYR Capital Advisors is the book-running lead manager, and Bigshare Services is the registrar to the issue.
Founded as a global exporter of construction machinery, Jinkushal Industries operates across 30 countries, including the UAE, UK, Mexico, Belgium, South Africa, and Australia. With expertise in new customized machines, refurbished units, and its in-house “HexL” brand backhoe loaders, the company reported FY25 revenue of ₹385.8 crore and a net profit of ₹19.1 crore, showcasing robust growth with a strong ROE of 28.3%.
