
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
Overall Subscription
65.11x
Total Demand
QIB Multiplier
35.70x
Institutions & Funds
NII / HNI
146.39x
High Net-Worth
Retail (RII)
47.07x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,919,057 | 68,511,240 | 35.70x |
| NIB | 1,439,933 | 210,793,920 | 146.39x |
| HNIs(10L +) | 959,955 | 135,404,760 | 141.05x |
| HNIs (2-10L) | 479,978 | 75,389,160 | 157.07x |
| RETAIL | 3,361,972 | 158,264,400 | 47.07x |
| Total | 8,160,895 | 648,363,480 | 65.11x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 28,016 | 1,164,405 | 41.56x |
| HNIs(10L +) | 571 | 16,190 | 28.35x |
| HNIs (2-10L) | 286 | 43,553 | 152.28x |
| Total Applications | 28,873 | 1,224,148 | 42.40x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
The latest Grey Market Premium (GMP) for Jinkushal Industries Limited IPO is ₹10 per equity share. Based on the upper price band of ₹115 to ₹121 per equity share, the estimated listing price is ₹131 (+8.3% expected listing gain).
With a lot size of 120 shares and current GMP of ₹10, the expected profit per application lot is approx ₹1,200 (+8.3% gain). Minimum application cost is approx ₹14,520.
The Jinkushal Industries Limited IPO aggregate issue size is ₹116.11 Crores with an equity price band set at ₹115 to ₹121 per equity share. The retail lot size is 120 shares requiring a minimum capital outlay of approx. ₹14,520.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 65.11x (Retail: 47.07x, QIB: 35.70x, NII: 146.39x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2025-09-30. Investors can verify status using PAN card or application number.
Jinkushal Industries Limited shares are scheduled to list on NSE and BSE on 2025-10-03.