Jinkushal Industries IPO Details
Jinkushal Industries IPO is a Book-Built Issue of Rs. 116.11 crore, comprising a fresh issue of 0.86 crore shares worth Rs. 104.49 crore and an offer for sale of 0.10 crore shares aggregating Rs. 11.61 crore. The IPO will open for subscription on September 25, 2025 and close on September 29, 2025, while the allotment is scheduled to be finalized on September 30, 2025. The proposed listing is on both BSE and NSE, with a tentative listing date of October 3, 2025. The price band has been fixed at Rs. 115 to Rs. 121 per share, with a lot size of 120 shares, requiring a retail investment of Rs. 14,520. For sNII investors, the minimum investment is Rs. 2,03,280 (1,680 shares / 14 lots), while for bNII it stands at Rs. 10,01,880 (8,280 shares / 69 lots). GYR Capital Advisors Pvt. Ltd. is the Book Running Lead Manager, and Bigshare Services Pvt. Ltd. is acting as the registrar.
🕗 Last Update: 17 September 2025, 6.00 AM
Table of Contents
Jinkushal Industries IPO Key Dates
| Anchor portion | |
| IPO opens on | 25 Sept 2025 |
| IPO Closes on | 29 Sept 2025 |
| IPO Allotment on | 30 Sept 2025 |
| Unblocking of Asba | 1 Oct 2025 |
| Credit of Shares | 1 Oct 2025 |
| Listing of Shares | 3 Oct 2025 |
Who are the promoters of Jinkushal Industries IPO?
Purushottam Das Mimani, Manish Mimani, Madhu Mimani, Manish Mimani (HUF) and Srivaru Agro Private Limited are the promoters of the company
The promoters hold ?% shares in the post IPO capital of the company.
What are the Objects of Jinkushal Industries IPO?
The Offer comprises of fresh issue of capital & the objects are
+Funding the working capital requirements of the Company Rs. 72.67 Crore
+General Corporate Purposes
What is the business of Jinkushal Industries?
Jinkushal Industries IPO Details
| IPO opens on | 25 September 2025 |
| IPO closes on | 29 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 9595483 Shares / Rs 116.11 Crore |
| * Fresh Issue | Rs 104.69 Crore |
| * Offer for Sale | Rs 11.61 Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 115-121 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. – per share |
| Retail Lot Size | 120 Shares |
| Listing will at | BSE, NSE |
How are the shares offered in Jinkushal Industries IPO?
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 50% of the Net Offer |
| Retail Shares Offered | Not more than 35% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
How can the shares be applied in Jinkushal Industries IPO?
| Application | Lots | Shares | 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 IPO allotment Status
Allotment of this IPO will be announced on ? September 2025 and the link to check allotment is given below:
https://ipo.bigshareonline.com/IPO_Status.html
| Registered Office of the company Jinkushal Industries Ltd. H. No. 260, Ward No. 42 Opp. C. M. House Near Chhattisgarh Club, Civil Lines Raipur, Chhattisgarh, 492001 Email: compliance@jkipl.in |
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| Who are the Lead Managers of ivalue Infosolutions IPO? GYR Capital Advisors Pvt Ltd |
|
| Registrar to IPO | |
| Bigshare Services ltd |
Jinkushal Industries IPO Financial Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 |
| Assets | 179.35 | 109.44 |
| Total Income | 385.81 | 242.8 |
| Profit After Tax | 19.14 | 18.64 |
| EBITDA | 28.6 | 27.57 |
| NET Worth | 86.19 | 43.07 |
| Total Borrowing | 54.82 | 46.04 |
| Amount in Rs. Crore | ||
Key Performance Indicators
| KPI | Values |
| 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 |
| EPS | 6.43 |
| PE R | 18.8 |
How Jinkushal Industries IPO compares with the Peers?
Peer Comparison
| Company Name | P/E (x) | RoNW (%) |
| Jinkushal Industries | 18.80 | 21.22 |
| Action Construction Equipment | 31.18 | 25.34 |
| Vision Infra Equipment Solutions | 10.94 | 20.68 |
Jinkushal Industries IPO Concise Review by Paresh Gordhandas, CA & Research Analyst
Jinkushal Industries (inc. Nov 2007) is an export-led trader of construction machinery with reach in 30+ countries. It runs three verticals: (1) customised/ accessorised new machines, (2) used & refurbished machines via its in-house refurbishment facility and partner centres, and (3) its own HexL backhoe loaders brand. A diversified procurement base (228 suppliers) and an execution team (90 employees + interns) support scale.
Financials (Rs. crore): Revenue rose from Rs. 242.80 (FY24) to Rs. 385.81 (FY25) — a strong ~59% growth. EBITDA improved modestly to Rs. 28.60 (FY25) and PAT inched up to Rs. 19.14 (vs Rs. 18.64), reflecting thin trading margins (EBITDA 7.52%, PAT 5.03%). Net worth doubled to Rs. 86.19, while borrowings rose to Rs. 54.82; leverage stays reasonable (Debt/Equity 0.58x). Return ratios are attractive: ROE 28.30%, ROCE 18.39%.
Quality & risks:
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Positives: global footprint, refurbishment capability (helps pricing & velocity on used stock), mix shift potential via HexL brand, strong ROE with manageable leverage.
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Monitorables: margin profile remains low (trading DNA), working-capital intensity typical of cross-border machinery trade, FX/logistics swings, and concentration risks in geographies/brands.
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Valuation: At the upper band, P/E ~18.8x on EPS Rs. 6.43 and P/B ~4.18x—moderate for an export trader, justified if FY25 growth sustains and HexL margin lift plays out.
Chanakya View: Fundamentally sound with scalable runway; valuations are fair to moderate. Suitable for investors with a medium-term view; near-term listing gains will depend on demand and market tone.
Opens September 25, 2025 • Closes September 29, 2025 • Allotment September 30, 2025 • Tentative listing October 3, 2025 (BSE & NSE).
Price band: Rs. 115 – Rs. 121 per share • Lot size: 120 shares • Retail minimum: Rs. 14,520 (1 lot at upper band).
Guidance: sNII: 14 lots (1,680 shares) = Rs. 2,03,280 • bNII: 69 lots (8,280 shares) = Rs. 10,01,880.
Export trading of new customised machines; used/refurbished machines via in-house & partner facilities; and HexL branded backhoe loaders—serving 30+ countries with a 228-supplier network.
If you seek an export-led growth story with improving brand mix and can accept low margins/working-capital swings, this is a consider for medium term. For pure listing pop, watch GMP & subscription trends closer to close.
Jinkushal Industries IPO dates
Jinkushal Industries IPO price & Lot
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