Jinkushal Industries IPO to Raise ₹116 Crore, Opens September 25

New Delhi, September 16, 2025 – Jinkushal Industries Ltd (JKIPL) has proposed raising ₹116 crore through its forthcoming initial public offering (IPO), which will start accepting bids on September 25 and close on September 29.

IPO Details

The issue price band is fixed at ₹115 to ₹121 per share, at the top valuing JKIPL around ₹464 crore. Jinkushal Industries IPO comprises:

• Fresh issue: 86.36 lakh equity shares
• Offer for Sale (OFS): 9.6 lakh equity shares of promoters

At the upper price band, the fund raised will be ₹116 crore.

Utilisation of Proceeds

Fresh issue proceeds will be used mainly to fund working capital needs and general corporate purposes, the firm stated.

Business Overview

JKIPL, located in Chhattisgarh, is involved in the export trading of new/customized and used or rebuilt construction equipment in international markets. Its product range comprises:

• Hydraulic excavators
• Motor graders
• Backhoe loaders
• Soil compactors
• Wheel loaders
• Bulldozers
• Cranes
• Asphalt pavers

The firm has already delivered over 1,500 machines, including over 900 new (customised or accessorised) and over 600 refurbished or second-hand machines. Its exports extend across more than 30 countries, such as the UAE, Mexico, the Netherlands, Belgium, South Africa, Australia, and the UK.

Issue Allocation and Lot Size

The IPO scheduled to be launched has fixed its allocation pattern with 50% for Qualified Institutional Buyers (QIBs), 35% for retail customers, and 15% for Non-Institutional Investors (NIIs). The lowest bid has been set at 120 shares per lot, and application is to be made in multiples of 120 shares.

Listing and Lead Manager

• Expected Listing Date: October 3, 2025
• Stock Exchanges: BSE and NSE
• Book Running Lead Manager: GYR Capital Advisors

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