Jinkushal Industries Limited IPO
Jinkushal Industries Limited IPO
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Having completed its public offering, Jinkushal Industries Limited's is now listed and trading on the NSE, BSE exchange as of 03-10-2025. The IPO raised cumulative capital of 95,95,483 Shares, including 86,35,935 Shares in primary capital infusion and ₹11.61 Cr in secondary market transactions.
The IPO was conducted with a price range of ₹115 to ₹121 and minimum investment requirement of 120 shares. subscription activity between 25-09-2025 and 29-09-2025 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on 30-09-2025 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Jinkushal Industries IPO About Company
Incorporated in November 2007, the company is an export trading business specializing in construction machinery with a global presence. It supplies equipment to more than 30 countries, including the UAE, Mexico, Netherlands, Belgium, South Africa, Australia, and the UK, and has built a strong reputation for quality, customization, and service excellence. The company operates across three main verticals. The first is customised new construction machines, where it exports new, modified, and accessorised machines tailored to meet diverse operational and regional needs. The second vertical is used and refurbished construction machines, offering reliable and cost-effective alternatives that are refurbished to meet performance and global quality standards. The third vertical is its proprietary brand, ‘HexL,’ which currently focuses on backhoe loaders designed for durability, performance, and value. As of April 2025, the company has supplied over 1,500 machines, including 900 new and 600 refurbished units. During the nine months of FY25 ending December 31, 2024, it supplied 1,171 machines, of which 815 were new and 356 refurbished. Its operations are supported by an in-house refurbishment facility staffed with 48 skilled employees, ensuring reconditioning, customization, and adherence to strict technical standards. Additionally, non-exclusive third-party refurbishment centres, operating under the company’s standard operating procedures, provide further support to meet customer requirements.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Jinkushal Industries IPO Strength Factors
- Global Leadership & Market Presence: Recognized as the top Non-OEM exporter of construction machinery with a 6.3% market share (CareEdge Report); accredited as a Three-Star Export House by DGFT, exporting to 30+ countries including the UAE, USA, Mexico, UK, and Australia.
- Sustainability & Green Practices: Prolongs equipment life through systematic refurbishment, reducing reliance on new production, conserving raw materials and energy, lowering carbon emissions, and ensuring consistent performance.
- Comprehensive Product Portfolio: Provides a diverse lineup of machines—including hydraulic excavators, cranes, backhoe loaders, and asphalt pavers—spanning new, refurbished, and proprietary HexL brand equipment, supporting resilience against market fluctuations.
Jinkushal Industries IPO Risk Factors
- High Dependence on Export Markets: Nearly 99% of the company’s revenue comes from international markets, leaving it exposed to global trade risks.
- Geographic Concentration Risk: A large share of revenue is concentrated in Mexico and the UAE, making the company susceptible to adverse market conditions in these regions.
- Reliance on Third-Party Suppliers: The company depends on domestic and international third-party suppliers without long-term agreements, posing risks of supply chain disruptions and price fluctuations.
Jinkushal Industries IPO Lead Manager(s)
- GYR Capital Advisors Private Limited
Jinkushal Industries IPO Promoter(s)
- Anil Kumar Jain
- Abhinav Jain
- Sandhya Jain
- Tithi Jain
- Yashasvi Jain
Jinkushal Industries IPO FAQs
Jinkushal Industries Limited IPO subscribed 65.11 times. The public issue subscribed 47.07 times in the retail category,35.7times in QIB, and 141.05 times in the HNI (10+) category byNovember 21, 2025 9:19:11 AM (Day 21).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Jinkushal Industries IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Jinkushal Industries IPO FAQs
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