- Price band
- To be announcedNot in this filing
- Issue size
- 95,95,483 sharesAmount set with price
- Face value
- ₹10per equity share
- Lot size
- To be announcedMin. investment shown once set
- Anchor biddingWed, 2025
- OpensThu, 2025
- ClosesMon, 2025
- ListingFri, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 86,35,935 shares
- Offer for sale
- 9,59,548 shares
- Total issue
- 95,95,483 shares
- Face value
- ₹10
- Listing at
- NSE, BSE
- RHP date
- 15 Sept 2025
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Reservation
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | — | — | 35% |
| Non-institutional investors (NII) | — | — | 15% |
| Qualified institutional buyers (QIB) | — | — | 50% |
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹6.15
- EPS (diluted)
- ₹6.15
- RoNW
- 21.22%
- NAV per share
- ₹28.98
- ROCE
- 18.39%
- Debt to equity
- 0.58
- EBITDA margin
- 7.52%
- PAT margin
- 5.03%
P/E and market cap are calculated once the price band is announced.
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|
| Revenue from operations | 380.56 | 238.59 | 233.45 |
| Total income | 385.81 | 242.80 | 233.89 |
| EBITDA | 28.60 | 27.57 | 14.68 |
| Profit after tax | 19.14 | 18.64 | 10.12 |
| Net worth | 86.19 | 43.07 | 24.50 |
| Reserves and surplus | 86.05 | 42.93 | 24.36 |
| Total assets | 179.35 | 109.44 | 49.39 |
| Total borrowing | 54.27 | 45.70 | — |
FY 2024-25 vs FY 2023-24: revenue +59.5%, profit after tax +2.7%.
Source: Red Herring Prospectus dated 15 Sept 2025Updated
About the company
The company exports new, customised and used or refurbished construction machines to overseas buyers, serving customers in more than thirty countries. It also sells machines under its own 'HexL' brand, currently backhoe loaders made through a contract manufacturer, and operates a refurbishment facility in Raipur. Its overseas subsidiary is based in the UAE.
- Incorporated
- 2007
- Industry
- Construction Equipment Export Trading
- CIN
- U46594CT2007PLC008170
- Website
- jkipl.in
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Anil Kumar Jain | Promoter | 56.00% | — | 6,20,570 |
| Abhinav Jain | Promoter | 18.00% | — | 2,17,850 |
| Sandhya Jain | Promoter | 10.00% | — | 1,21,128 |
| Tithi Jain | Promoter | 10.00% | — | — |
| Yashasvi Jain | Promoter | 5.00% | — | — |
| Kamla Bai Jain | Promoter group | 1.00% | — | — |
| Sumeet Kumar Berlia | Public | — | — | — |
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Funding long-term incremental working capital requirements | 72.68 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Jinkushal Industries LimitedIssuer | ₹6.15 | — | 21.22% | ₹28.98 |
| Action Construction Equipment Limited | ₹34.39 | 31.18× | 25.34% | ₹135.6 |
| Vision Infra Equipment Solutions Limited | ₹15.97 | 10.94× | 20.68% | ₹66.82 |
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Stated as one of the largest non-OEM exporters of construction machines, per the CareEdge report.
- Export sales span many countries, with the largest share of revenue from Mexico and UAE.
- Owns a refurbishment facility in Raipur and has its own 'HexL' brand, which it has recently begun selling.
- Around 84% of revenue in each of the last three years came from repeat customers.
Risks
- Almost all revenue (about 99%) comes from exports, so it is exposed to trade policy, tariffs and geopolitical changes.
- Revenue is concentrated in a few customers and in Mexico and UAE.
- Working capital needs are high, and receivable days rose sharply to 128 days in FY 2024-25.
- Operating and investing cash flows were negative in recent years.
- Most export revenue is in foreign currency, so exchange-rate movements affect results; the company has no ECGC cover or letters of credit for receivables.
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Contacts
Source: Red Herring Prospectus dated 15 Sept 2025Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Demat credit
- Listing
Source: Red Herring Prospectus dated 15 Sept 2025Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE and BSE.
Frequently asked questions
When does the Jinkushal Industries IPO open and close?
According to the Red Herring Prospectus, the issue opens on Thursday, 25 September 2025 and closes on Monday, 29 September 2025. These dates are tentative.
What is the Jinkushal Industries IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will Jinkushal Industries shares list?
On NSE and BSE. The tentative listing date is Friday, 3 October 2025.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How do I check the Jinkushal Industries IPO allotment status?
Search by PAN, application number or DP/client ID on the registrar's website (Bigshare Services Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹72.68 Cr for funding long-term incremental working capital requirements, and the rest for the other stated purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.