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JKIPL IPO

Jinkushal Industries Limited

IPO Doc

Start Date25-09-2025

Application Timing10am-5pm

Price Range₹115 - ₹121

Min Qty120

Min. Investment₹13800

Listing Date03-10-2025

Close Date29-09-2025

About Jinkushal Industries Limited

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.

Why To Invest in Jinkushal Industries Limited

Global Market Reach – Operations in more than 30 countries with subsidiaries in the UAE and USA.

Strong Financial Growth – Revenue grew by 59% and PAT increased by 3% in FY25 compared to FY24.

Diversified Product Portfolio – New, refurbished, and proprietary branded machinery for multiple customer segments.

Efficient Supply Chain – Network of 228 suppliers, including contractors, traders, and manufacturers.

Sustainability Initiatives – Contribution to the circular economy through refurbishment and reuse.

Financial Table

Period Ended	31 Mar 2025	31 Mar 2024
Assets	179.35	109.44
Total Income	385.81	242.80
Profit After Tax	19.14	18.64
EBITDA	28.60	27.57
NET Worth	86.19	43.07
Total Borrowing	54.82	46.04

Strengths And Risks

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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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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gyanesh@rupeezy.in
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SEBI RA Registration:

INH000013332

AMFI Registration:

ARN-35911

Attention Investors:

Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.
Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: https://www.nseindia.com/invest/about-defaulter-section.
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Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.
Don't ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.
Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.
Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

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Sharing of trading credentials i.e. login id & passwords including OTP’s is prohibited.
Trading in leveraged products like options without proper understanding could lead to losses. Please trade at your own risk.
Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks could lead to losses.
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Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers should be avoided.

Awareness regarding guidelines regarding margin collection:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge
Pay 20% upfront margin of the transaction value to trade in cash market segment
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Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month

Advisory – KYC Compliance:

All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
The non-compliant demat accounts will be frozen for debits by Depository Participant or Depository.
On submission of the necessary information to the stockbroker and updation of the same by the stockbroker in the Exchange systems and approval by the Exchange, the blocked trading accounts shall be unblocked by the Exchange on T+1 trading day.
The demat account shall be unfreezed once the investor submits the deficient KYC details and the same is captured by the depository participant in the depository system.
To ensure smooth settlement of trades, the investors are requested to ensure that both the trading and demat accounts are compliant with respect to the KYC requirement.
The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.
We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account. 2. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.

Disclaimer:

Investment in the securities market is subject to market risks, read all the related documents carefully before investing.
Brokerage will not exceed SEBI prescribed limit.
Please refer to the Risk Disclosure Document issued by SEBI and go through the Rights and Obligations and Do's and Don'ts issued by Stock Exchanges and Depositories before trading on the Stock Exchanges.
For commodities derivatives please note that Commodities Derivatives are highly leveraged instruments.
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Mutual fund investments are subject to market risks, read all scheme related documents carefully. Mutual Funds are not an approved product of the Exchanges and any dispute related to this will not be dealt at Exchange platform. ACSPL is a Mutual fund distributor/s registered for Mutual Funds.

Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

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JKIPL IPO

About Jinkushal Industries Limited

Why To Invest in Jinkushal Industries Limited