Jinkushal Industries IPO price band has been fixed in the range of ₹115 to ₹121 per equity share of the face value of ₹10. The Jinkushal Industries IPO date of subscription is scheduled for Thursday, September 25 and will close on Monday, September 29. The allocation to anchor investors for the Jinkushal Industries IPO is scheduled to take place on Wednesday, September 24.
The floor price and the cap price are 11.5 times and 12.1 times the face value of the equity shares respectively. The Jinkushal Industries IPO lot size is 120 equity shares and in multiples of 120 equity shares thereafter.
Jinkushal Industries IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
Tentatively, Jinkushal Industries IPO basis of allotment of shares will be finalised on Tuesday, September 30 and the company will initiate refunds on Wednesday, October 1 while the shares will be credited to the demat account of allottees on the same day following refund. Jinkushal Industries share price is likely to be listed on BSE and NSE on Friday, October 3.
Jinkushal Industries IPO details
The firm plans to issue 86.35 lakh new shares, while promoters will offer 9.59 lakh shares for sale. Out of the total proceeds from the fresh issue, the company aims to allocate ₹72.67 crore for its long-term incremental working capital needs, with the remaining funds designated for general corporate purposes.
GYR Capital Advisors Pvt. Ltd. is acting as the lead manager for the book building process, and Bigshare Services Pvt. Ltd. serves as the registrar for this issue.
Company details
Jinkushal Industries asserts that it is the largest exporter of non-OEM construction machinery, holding a 6.9 percent market share, and competes with publicly listed companies such as Action Construction Equipment and Vision Infra Equipment Solutions. In addition to offering customized and refurbished construction machinery, the company also exports its own brand, HexL, which currently includes backhoe loaders.
For the fiscal year ending in March 2025, Jinkushal Industries reported a profit of ₹19.14 crore, which is a 2.65 percent increase from ₹18.6 crore the previous year, although this was affected by a decrease in operating margins. During the same timeframe, revenue saw a significant rise of 59.5 percent, reaching ₹380.6 crore, up from ₹238.6 crore, while the EBITDA margin sharply declined to 6.1 percent from 9.79 percent.
As per the red herring prospectus (RHP), the company’s listed peers are Action Construction Equipment Ltd (with a P/E of 31.18), and Vision Infra Equipment Solutions Ltd (with a P/E of 10.94).