IPO of Jinkushal Industries | The founders are selling 9.59 lakh shares via an offer-for-sale, while the business plans to issue 86.35 lakh new shares.
In preparation for its September 25 IPO launch at Dalal Street, Chhattisgarh-based Jinkushal Industries, an exporter of customized and reconditioned construction equipment, filed a red herring prospectus (RHP) with the Registrar of Companies on September 15.
On September 16, the business will reveal the offer’s pricing band information.
The founders are selling 9.59 lakh shares via an offer-for-sale, while the business plans to issue 86.35 lakh new shares.
On September 24, the institutional IPO anchor book will open, and on September 29, the offering will be accessible to all types of investors.
By September 30, the business will finalize the allocation of IPO shares, and on October 3, it will start trading its shares on the exchanges.
With a 6.9 percent market share, Jinkushal Industries is the biggest exporter of non-OEM construction equipment, rivaling listed competitors Action Construction Equipment and Vision Infra Equipment Solutions. It exports its own brand of HexL construction machinery (currently in the backhoe loader category) in addition to customized and reconditioned equipment.
The firm plans to use Rs 72.67 crore of the net proceeds from the new issuance to meet its long-term, additional working capital needs, with the remainder sum going towards general business needs.
Due to a muted operating margin, Jinkushal Industries made a profit of Rs 19.14 crore for the year that ended in March 2025, up 2.65% from Rs 18.6 crore the year before. The EBITDA margin fell precipitously to 6.1 percent from 9.79 percent over the same time, although revenue increased significantly by 59.5 percent to Rs 380.6 crore from Rs 238.6 crore.
The only merchant banker overseeing the Jinkushal Industries initial public offering is GYR Capital Advisors.