Jinkushal Industries IPO Sees Overwhelming Response on Final Day
Jinkushal Industries Ltd.’s initial public offering (IPO) was subscribed 65.10 times on the final day, with the issue receiving bids for 95.95 lakh shares worth Rs 116.10 crore in the primary markets from Thursday.
The book-building issue entailed shares worth Rs 104.54 crore as a fresh offer and Rs 11.61 crore as an offer for sale. The face value of each share was Rs 10. The mainboard IPO has concluded today, and shares of Jinkushal Industries will list on both BSE Ltd. and National Stock Exchange Ltd. (NSE).
About Jinkushal Industries
Jinkushal Industries exports new, customized, used, and refurbished construction machines in global markets. It’s the largest non-original equipment manufacturer in construction machinery exports with a 6.9% market share, according to a CareEdge report.
IPO Details
Here are the key details of the Jinkushal Industries IPO:
- Open date: September 25
- Close date: September 29
- Price Band: Rs 115 – 121
- Tentative Allotment date: September 30
- Tentative Listing date: October 3
- IPO size: Rs 116.15 crore
- Minimum bid: Lot size of 120 shares
Financial Performance
Jinkushal Industries reported that its total income was at Rs 3,427.37 crore in the financial year 2025 compared to Rs 2,913.80 crore in the previous financial year, as per information in the red herring prospectus. Ebitda for the period stands at Rs 606.07 crore.
Jinkushal Industries reported that its net profit for the financial year 2025 was at Rs 409.24 crore, compared to Rs 328.19 crore in the previous financial year.
Subscription Details
The Jinkushal Industries IPO was subscribed 65.10 times as of 7 p.m. on Monday, with the following category-wise subscription:
- Qualified Institutional Buyers: 35.66 times
- Non-institutional investors: 146.39 times
- Retail investors: 47.10 times
Grey Market Premium
Jinkushal Industries’ grey market premium is Rs 20 as of 9:30 p.m., as per data on the Investorgain website. This indicated that the listing price will likely be Rs 141, which implied 16.5% listing gains.
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