The Jinkushal Industries IPO is scheduled to open for subscription on September 25, 2025, and will close on September 29, 2025. The allotment will be finalized on September 30, 2025, and the shares are expected to list on the BSE and NSE on October 3, 2025. This Mainboard IPO is attracting investors due to the company’s strong financial growth and an attractive price band of ₹115–₹121 per share.
Here’s a complete guide covering IPO details, dates, promoters, financials, strengths, risks, and how to apply.
Jinkushal Industries IPO Details
| Particulars | Details |
| IPO Open Date | 25/09/2025 |
| IPO Close Date | 29/09/2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹115 to ₹121 Per Share |
| Issue Size | Approx ₹116.11 Crores |
| Fresh Issue | Approx ₹104.49 Crores |
| Offer for Sale | Approx 9,59,548 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| RHP Draft Prospectus | Download |
| DRHP Draft Prospectus | Download |
Jinkushal Industries IPO Market Lot
The minimum market lot for Jinkushal Industries IPO is 120 shares, with a total application amount of ₹14,520 .
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 120 | ₹14,520 |
| Retail Maximum | 13 | 1,560 | ₹1,88,760 |
| S-HNI Minimum | 14 | 1,680 | ₹2,03,280 |
| S-HNI Maximum | 68 | 8,160 | ₹9,87,360 |
| B-HNI Minimum | 69 | 8,280 | ₹10,01,880 |
Jinkushal Industries IPO Reservation
| Investor Category | Share Offered | % Shares |
| Anchor Investor | 28,78,500 Shares | 29.99% |
| QIB (Ex. Anchor) | 19,19,057 Shares | 19.99% |
| NII Shares Offered | 14,39,933 Shares | 15% |
| Retail Shares Offered | 33,61,972 Shares | 35% |
Jinkushal Industries IPO Timeline
The Jinkushal Industries IPO opens on September 25, 2025, and closes on September 29, 2025. The allotment will be finalized on September 30, 2025, with the shares list on October 3, 2025.
| Event | Date |
|---|---|
| IPO Open Date | September 25, 2025 |
| IPO Close Date | September 29, 2025 |
| Basis of Allotment | September 30, 2025 |
| Refunds Initiation | October 1, 2025 |
| Credit to Demat Account | October 1, 2025 |
| IPO Listing Date | October 3, 2025 |
| IPO Bidding Cut-off Time | September 29, 2025 – 5:00 PM |
Promaters and Holding Pattern
The promoters of Jinkushal Industries are Anil Kumar Jain, Abhinav Jain, Sandhya Jain, Tithi Jain, and Yashasvi Jain. who is responsible for guiding the company’s strategic growth and operational decisions.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 2,97,46,000 | 100% |
| Promoter Holding Post Issue | 3,83,81,935 | 77.50% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Funding the working capital requirements of the Company | 72.68 |
| General Corporate Purpose | – |
Company Financial
Amount ₹ in Crores
| Period Ended | March-2025 | March-2024 |
| Assets | 179.35 | 109.44 |
| Revenue | 385.81 | 242.8 |
| Net Worth | 86.19 | 43.07 |
| profit After Tax | 19.14 | 18.64 |
| Reserves And Surpluse | 0 | 0 |
| Total Borrowing | 54.82 | 46.04 |
Jain Resource Recycling IPO Valuation
Check Jinkushal Industries IPO valuation details, including Price/Earnings P/E Ratio, Earnings Per Share (EPS), Return on Net Worth (RoNW), and Net Asset Value (NAV).
| KPI | March-2025 | March-2024 | March-2023 |
| EPS | 6.15 | 6.27 | 3.4 |
| ROE | 28.30 | 55.19 | 51.95 |
| ROCE | 18.39 | 29.44 | 34.11 |
| RONW | 21.22 | 43.29 | 41.29 |
| PRE IPO(PE) | 18.8 | 0 | 0 |
| POST IPO(PE) | 24.26 | 0 | 0 |
About company
Jinkushal Industries Limited, incorporated in 2007 and based in Raipur, Chhattisgarh, is engaged in the export, trading, and refurbishment of construction equipment.
The company deals in a wide range of machinery such as excavators, backhoe loaders, wheel loaders, and spare parts, offering both new and refurbished equipment to customers across 30+ countries.
Jinkushal also provides rental services, maintenance, and logistics support, allowing clients to buy, lease, or refurbish heavy construction machinery according to their project needs.
With its export-driven business model and a strong international client base, the company continues to expand its presence in the global construction and infrastructure equipment market.
Jinkushal Industries IPO Strenght Factors
- Export-oriented business model with 99% export revenue, reducing dependency on the domestic market.
- Diversified product portfolio: new, refurbished, customized machinery, plus its own brand HexL.
- Recognized exporter status (Three-Star Export House).
- Strong growth in revenue, steady profit; good international presence and logistics/leasing capabilities.
Jinkushal Industries IPO Risk Factors
- Thin margins and a decline in EBITDA margins could affect profitability.
- Heavy dependency on exports → currency risk, global demand fluctuations.
- Working capital intensive operations (inventory, refurbishment, logistics) may tie up funds.
- Listing valuation may be aggressive; investors should consider if price justifies expected growth.
Lead Manager
- GYR Capital Advisors Pvt Ltd
Company Details
- Name:- Jinkushal Industries
- Email:- compliance@jkipl.in
- Phone:-
- Website:- https://www.jkipl.in/
- Address:- H. No. 260, Ward No. 42 Opp. C. M. House Near Chhattisgarh Club, Civil Lines Raipur, Chhattisgarh, 492001
IPO Registrar
- Name:- Bigshare Services Pvt Ltd.
- Email:- ipo@bigshareonline.com
- Phone:- +91-22-6263 8200
- Website:- https://ipo.bigshareonline.com/ipo_status.html
Disclemer
IPO Sevak (iposevak.com) is not a SEBI-registered advisor. This content is for informational purposes only and should not be considered as investment advice. Please consult a licensed financial advisor before investing.
FAQs
1.When does the Jinkushal Industries IPO open and close?
Ans:- The IPO opens on September 25, 2025, and closes on September 29, 2025.
2. What is the price band for the Jinkushal Industries IPO
Ans:- The price band is ₹115 to ₹121 per equity share.
3. What is the minimum lot size and investment amount?
Ans:- The minimum market lot is 120 shares, requiring an investment of ₹14,520.
4. Who are the promoters of the Jinkushal Industries IPO?
Ans:- The promoters are Anil Kumar Jain, Abhinav Jain, Sandhya Jain, Tithi Jain and Yashasvi Jain.
5. When will the allotment be finalized?
Ans:- The allotment will be finalized on September 30, 2025.
6. When will the Jinkushal Industries IPO list on the stock exchange?
Ans:- The shares are expected to list on the BSE NSE on October 3, 2025.