Jinkushal Industries Limited
Minimum investment
Bidding date
25 Sep - 29 Sep 2025
Price range
₹115 - ₹121
Minimum quantity
120
Minimum investment
₹13,800
Issue size
₹116.15 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Category | Subscription |
|---|---|
Qualified Institutional Buyers | 28.92x |
Retail Individual Investor | 28.85x |
Non-Institutional Investor | 77.36x |
Others | - |
Total | 28.85x |
Founded in November 2007, Jinkushal Industries Limited is a leading export trading company specialising in construction machinery. With a strong presence in more than 30 countries, including the UAE, Mexico, Netherlands, Belgium, South Africa, Australia, and the UK, the company has established itself as a trusted global supplier.
The business operates under three verticals:
Export trading of customised and accessorised new construction machines.
Export trading of used and refurbished construction machines.
Export of its own proprietary brand ‘HexL’ construction machines, currently offering backhoe loaders designed for performance and durability.
As of April 2025, the company has supplied over 1,500 machines (900 new and 600 refurbished). In the nine months ending December 31, 2024, Jinkushal supplied 1,171 machines, demonstrating significant growth. The company also operates an in-house refurbishment facility with 48 skilled employees and collaborates with independent refurbishment centres, ensuring consistent quality and customer satisfaction.
Global Market Presence: Jinkushal Industries has a strong footprint in more than 30 countries, including key markets like the UAE, USA, South Africa, and Europe, making it a globally diversified player.
In-House Refurbishment Facility: The company operates a dedicated refurbishment facility staffed with 48 skilled employees, ensuring quality control, customer satisfaction, and adherence to global standards.
Diversified Product Portfolio: Its product offerings include new, refurbished, and in-house branded ‘HexL’ construction machinery, catering to varied customer needs and enhancing market competitiveness.
Strong Financial Growth: With revenue growth of 59% year-on-year and a steady rise in profits, the company has demonstrated consistent financial performance.
Experienced Promoters and Workforce: Led by an experienced promoter group and supported by a skilled team, the company benefits from strong leadership and operational expertise.
Dependence on Export Markets: A major share of revenue comes from exports, making the business vulnerable to global trade policies, currency fluctuations, and economic slowdowns.
Low Profit Margins: Despite strong revenue growth, the company’s PAT margin is only around 5%, which may impact long-term profitability.
EPS Dilution Post-Issue: The IPO will result in equity dilution, reducing the company’s EPS and raising its P/E ratio from 18.8x to 24.26x, which may affect valuations.
Moderate Leverage: With a debt-to-equity ratio of 0.58, the company carries moderate financial leverage, which could impact future expansion and cash flows.
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Active IPOs | |
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Company name | Bid starts |
Clay Craft India | 17-06-2026 |
