Jinkushal Industries IPO Details

Introduction

Jinkushal Industries is opening its IPO for subscription this September, promising investors a front-row seat to India's growing export and construction equipment sector. With a robust supply chain and a business focused on refurbishing and exporting non-OEM construction machines, the company stands at the crossroads of efficiency and environmental responsibility. If you believe in India’s manufacturing and export narrative, this IPO is worth a closer look.

Jinkushal Industries IPO: Quick Facts

• Issue Dates: September 25–29, 2025
• Issue Size: ₹116.11 crore (Fresh issue: ₹104.49 crore; OFS: ₹11.61 crore)
• Price Band: ₹115–₹121 per share
• Lot Size: 120 shares (Min. investment: ₹14,520)
•  Listing Date: October 3, 2025 (BSE & NSE)
• Registrar: Bigshare Services Pvt Ltd
• Book-Running Lead Manager: GYR Capital Advisors Pvt Ltd

Business Overview & Financials

Jinkushal Industries is the largest exporter of non-OEM construction equipment from India (CareEdge Report), with a diversified market spanning UAE, USA, and Mexico. The company excels in refurbishment, re-use, supply chain optimization, and recently launched its own brand, HexL, shifting from reseller to product-centric business.

FY25 Financial Snapshot:

• Revenue: ₹385.81 crore
• Profit after Tax: ₹19.14 crore
• ROE: 28.3%
• EBITDA Margin: 7.52%
• Debt/Equity: 0.58
• PAT Margin: 5.03%

IPO Objectives:

• Funding working capital requirements
• General corporate purposes

Why Investors Are Watching

Jinkushal Industries shows steady revenue and profit growth, sectoral leadership, and a transition toward branded exports. However, it remains exposed to export market risk—reliant on a few major international buyers—and faces currency volatility. Still, solid margins and low debt support cautious optimism.

How To Apply for the Online?

1. Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
3. Select IPO: Find and select the IPO from the list of open IPOs. 
4. Enter the Lot Size: Specify the number of lots you want to bid for. 
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

1. Log in to the JM Pro app. 
2. Go to the IPO Section and then to IPO Orders. 
3. Select the individual IPO that you had applied for and check the allotment status. 
4. JM Financial Services will notify you of your IPO allotment status via push notification and email. 

FAQs

Q1: What’s the minimum investment for Jinkushal Industries IPO?
A: 120 shares per lot, requiring ₹14,520 (at upper band).

Q2: How does Jinkushal compare to peers?
A: Largest Indian exporter of non-OEM construction equipment, strong supply chain, and diversified market presence; own brand HexL is a new milestone.

Q3: What are the major risks?
A: Heavy reliance on export markets and select geographies; currency and customer risk; sector cyclicality.

Q4: What will IPO proceeds be used for?
A: Working capital needs and general corporate purposes.

Q5: When will shares be listed?
A: On October 3, 2025, at both BSE and NSE.

Q6: Is JM Financial managing this IPO?
A: JM Financial provides sectoral insights and market news, but is not the lead manager for this particular IPO.