Jinkushal Industries came to market through an IPO that opened on 25 September 2025 and closed on 29 September 2025, and the shares listed on 3 October 2025 on BSE, NSE. The price band was ₹115 to ₹121 per share and one lot was 120 shares, so the minimum application was ₹14,520. The issue size was ₹116.11 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Bigshare Services Pvt Ltd was the registrar to the issue, and GYR Capital Advisors Pvt Ltd was the lead manager.
As of 29 September 2025.
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Established in November 2007, Jinkushal Industries Limited is an export trading firm providing construction machinery worldwide. With operations across more than thirty countries—such as the UAE, Mexico, Netherlands, Belgium, South Africa, Australia, and the UK—the company has established a robust reputation for quality, customisation, and service excellence. The company is engaged in three core business verticals: Export trading of new customized, altered, and accessorized construction equipment. Providing specialized solutions to address client-specific operating and regional needs.
Export trading of refurbished and used construction equipment – Providing efficient and value-for-money options, stringently refurbished for guaranteed performance and adherence to quality standards. Export of its self-owned brand 'HexL' construction equipment – Under its own brand name HexL, the company presently exports backhoe loaders designed to deliver performance, reliability, and value in international markets. As of April 2025, Jinkushal Industries has supplied more than 1,500 construction equipment, comprising 900 new and 600 used/refurbished.
The company showcased quick growth by supplying 1,171 machines within the nine months up to December 31, 2024, with 815 new and 356 used/refurbished in this timeframe.The company's own Refurbishment Facility, with 48 trained staff, is crucial in customising and refurbishing used machinery to meet customer needs. The facility ensures consistency in quality and performance through stringent adherence to technical specifications and customer specifications.
Additionally, Jinkushal works with independent, non-exclusive refurbishing centres that also follow its standard operating procedures and technical guidelines.With a strong infrastructure, international network, and customer-centric approach, Jinkushal Industries Limited is continuing to expand its operations and emerge as a reliable player in the global construction equipment business. As of December 31, 2024, there were 228 suppliers in the procurement network: 172 contractors, 51 traders, and five manufacturers.As of December 31, 2024, the company had 90 permanent staff and 21 interns.
As described in the offer document.
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Jinkushal Industries raises Rs 35 crore from anchor investors prior to IPO. Nomura Singapore, HDFC Bank, Viney Growth Fund, Steptrade Revolution Fund, Santosh Industries and Swyom India Alpha Fund are the anchor investors, who have been allotted shares.
Anil Kumar Jain, Abhinav Jain, Sandhya Jain, Tithi Jain, Yashasvi Jain. Promoter holding 100% before the issue.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Jinkushal Industries IPO was a ₹116.11 crore book-built issue, comprising a fresh issue of ₹104.49 crore and an offer for sale of ₹11.61 crore. It was priced at ₹115–₹121 per share with a lot size of 120 shares (₹14,520). The IPO was open from September 25 to September 29, 2025 and was subscribed 65.1x. Shares listed on BSE and NSE on October 3, 2025 at ₹125, a 3.3% premium to the issue price of ₹121.
Bigshare Services Pvt Ltd is the registrar. GYR Capital Advisors Pvt Ltd is the book running lead manager.
The price band of Jinkushal Industries IPO is ₹115 to ₹121 per share.
The lot size of Jinkushal Industries IPO is 120 shares.
The minimum investment for Jinkushal Industries IPO is approximately ₹14,520 based on the upper price band.
The allotment date of Jinkushal Industries IPO is Sep 30, 2025.
Jinkushal Industries IPO's final recorded GMP before listing was ₹20 per share (a 17% premium over the ₹121 upper price band). The shares listed at ₹125. GMP is unofficial and does not forecast or guarantee the actual listing price.
Jinkushal Industries IPO listed on Oct 3, 2025. It was issued at ₹125.0(NSE) and is currently around ₹108.00 as on 2-Nov-2026 3:30 PM, which is approximately -10.7% versus issue price. The 52-week high is ₹135.96.
You can check Jinkushal Industries IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Jinkushal Industries IPO allotment status on Rupix for quick and easy access.
₹115 to ₹121 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 120 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,520.
₹14,520, for one lot of 120 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 25 September 2025 and closed on 29 September 2025.
The basis of allotment was published on 30 September 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 3 October 2025 on BSE, NSE.
The issue size was ₹116.11 crore. The fresh issue was 86,35,935 shares (aggregating up to ₹104.49 crore). The offer for sale was 9,59,548 shares (aggregating up to ₹11.61 crore).