Jinkushal Industries IPO
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Jinkushal Industries IPO details
Schedule of Jinkushal Industries
| Issue open date | 25 Sep 2025 |
| Issue close date | 29 Sep 2025 |
| UPI mandate deadline | 29 Sep 2025 (5 PM) |
| Allotment finalization | 30 Sep 2025 |
| Refund initiation | 01 Oct 2025 |
| Share credit | 01 Oct 2025 |
| Listing date | 03 Oct 2025 |
| Mandate end date | 14 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 30 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 29 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Jinkushal Industries
Jinkushal Industries (JKIPL), established in 2007 and headquartered in Raipur, Chhattisgarh, is a prominent Indian enterprise specializing in the export of construction machinery, mining services, and logistics solutions. With a legacy spanning over five decades, JKIPL has evolved from its origins in mining contracting to become a leading exporter of both new and refurbished construction equipment. The company operates across three primary verticals: machinery, mining, and logistics, offering a comprehensive range of services including equipment customization, earthmoving contracts, and warehousing solutions. Recognized as a Three-Star Export House by the Government of India, JKIPL exports to over 30 countries and has launched its own brand, ‘HexL’, to cater to global markets
Financials of Jinkushal Industries
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹116.11 crores |
| Fresh Issue | ₹104.49 crores |
| Offer for sale | ₹11.61 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 72.67 (69.54%) |
| General corporate purposes and miscellaneous | 31.82 (30.45%) |
Strengths
- Recognized as a Three-Star Export House by the Government of India.
- Diversified operations across machinery exports, mining services, and logistics.
- Established global presence with exports to over 30 countries.
- Launch of proprietary brand ‘HexL’ for construction machinery, enhancing market offerings.
Risks
- High working capital requirements due to the nature of operations.
- Exposure to fluctuations in global demand for construction and mining equipment.
- Dependence on third-party suppliers for machinery components and parts.
- Susceptibility to changes in international trade policies and export regulations.
- Competition from both domestic and international players in the construction equipment sector
Allotment Status for Jinkushal Industries
To check your allotment status – click here.
Subscription Figures for Jinkushal Industries
As per media reports (Link), the Grey Market Premium (GMP) of Jinkushal Industries is reported at ₹51 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 30, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 19.19 | 685.11 | 35.70x |
| NII | 14.39 | 2107.85 | 146.39x |
| Retail | 33.61 | 1581.49 | 47.04x |
| Total | 67.20 | 4374.46 | 65.09x |