Jinkushal Industries IPO: Strong Demand on Day Two
Jinkushal Industries Ltd.’s initial public offer was subscribed 3.42 times on its second day of bidding, with the company offering 95.95 lakh shares worth Rs 116.10 crore in the primary markets.
The book-building issue entails 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 is Rs 10.
IPO Details
- 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
Company Overview
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.
The company 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
Jinkushal IPO was subscribed 3.42 times as of 11:59 a.m. on Friday.
Qualified Institutional Buyers: 0.03
Non-institutional investors: 4.28 times
Retail investors: 4.98 times
Grey Market Premium
Jinkushal Industries’ grey market premium is Rs 21 as of 12 p.m., as per data on the Investorgain website. This indicated that the listing price will likely be Rs 142, which implied 17.36% listing gains.
For more information on the IPO, including how to apply and the latest updates, visit our IPO news section.
Investor Insights
The strong demand for the Jinkushal Industries IPO is a positive sign for the company and the Indian stock market as a whole. With a growing demand for construction machinery, Jinkushal Industries is well-positioned for future growth.
However, investors should always do their own research and consider their own risk tolerance before investing in any IPO. For more information on investing in the stock market, visit our investing section.