
Industrials · NSE / BSE
Incorporated in November 2007, the company is an export trading business specializing in construction machinery with a global presence. It supplies equipment to more than 30 countries, including the UAE, Mexico, Netherlands, Belgium, South Africa, Australia, and the UK, and has built a strong reputation for quality, customization, and service excellence. The company operates across three main verticals. The first is customised new construction machines, where it exports new, modified, and accessorised machines tailored to meet diverse operational and regional needs. The second vertical is used and refurbished construction machines, offering reliable and cost-effective alternatives that are refurbished to meet performance and global quality standards. The third vertical is its proprietary brand, ‘HexL,’ which currently focuses on backhoe loaders designed for durability, performance, and value. As of April 2025, the company has supplied over 1,500 machines, including 900 new and 600 refurbished units. During the nine months of FY25 ending December 31, 2024, it supplied 1,171 machines, of which 815 were new and 356 refurbished. Its operations are supported by an in-house refurbishment facility staffed with 48 skilled employees, ensuring reconditioning, customization, and adherence to strict technical standards. Additionally, non-exclusive third-party refurbishment centres, operating under the company’s standard operating procedures, provide further support to meet customer requirements.
Price Band
₹115 – ₹121
Issue Size
₹116 Cr
Lot Size
120 shares
GMP
+8.3%
Est. Listing
₹131
at current GMP
Subscribed
65.11x
overall
Open
25 Sep 2025
Close
29 Sep 2025
Allotment
30 Sep 2025
Refund
1 Oct 2025
Demat Credit
2 Oct 2025
Listing
3 Oct 2025
Designated Registrar: Bigshare Services Private Limited
Allotment Date
30 Sep 2025
Basis finalization
Refunds Initiate
1 Oct 2025
Mandate release
Demat Credit
2 Oct 2025
Shares in demat
Listing Debut
3 Oct 2025
Trading begins
Jinkushal Industries Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹116.11 Crores. The shares are offered at a price band of ₹115 to ₹121 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 120 shares (approx. ₹14,520 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-10-02, while un-allotted funds or UPI block mandates will be released on 2025-10-01.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.