Jinkushal Industries Makes Market Debut at ₹125; Stock Trades Volatile Post-Listing

Raipur, October 3, 2025:Shares of Jinkushal Industries Limited made their debut on the NSE and BSE at ₹125 per share today, marking the listing of the company’s highly anticipated ₹116 crore IPO. Trading opened at the listing price and saw active early trading, with an intraday high of ₹126.95 and a low of ₹121 within the first few minutes.

Founded in 2007 and headquartered in Raipur, Jinkushal Industries Limited specializes in the export of construction equipment, mining operations, and supply chain management. The company exports to over 30 countries and holds a Three-Star Export House certification. In 2024, it launched its own brand, ‘HexL,’ while its Dubai-based subsidiary, Hexco Global FZCO, manages international merchant trade activities.

Jinkushal Industries IPO Market Snapshot

As of 2:43 PM IST on August 3, 2025, Jinkushal Industries shares were trading at ₹120.25, down 0.62% for the day. The stock opened at ₹125.00, reaching an intraday high of ₹126.95 and a low of ₹118.75, with a volume-weighted average price (VWAP) of ₹123.59.

The stock’s 52-week trading range is ₹118.75-₹126.95, with an upper circuit limit of ₹131.25 and a lower circuit limit of ₹118.75 for the day. Jinkushal Industries has a market capitalization of ₹455 crore, a book value of ₹20.69 per share, and a price-to-book (P/B) ratio of 5.74.

Jinkushal Industries IPO Performance

The Jinkushal Industries IPO witnessed overwhelming investor interest, closing with a total subscription of 65.10 times on September 29, 2025. Non-institutional investors showed exceptional enthusiasm, with 146.39 times subscription, retail investors subscribed 47.10 times, while qualified institutional buyers (QIBs) contributed 35.66 times.

Prior to the public issue, the company raised ₹34.83 crore from anchor investors, including Nomura Singapore, Viney Growth Fund, Revolution Fund, Santosh Industries, Swyom India Alpha Fund, and HDFC Bank Ltd, through the allotment of 28,78,500 shares at ₹121 per share.

REF: https://www.nseindia.com/get-quotes/equity?symbol=JKIPL

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