Jinkushal Industries IPO Day 1: Check Subscription Status, GMP & Key Highlights
Jinkushal Industries Ltd has opened its Initial Public Offering (IPO) today, on September 25, 2025. The bidding window for the Jinkushal Industries IPO will remain open until September 29, 2025. The company is engaged in the export trading of new, customised and refurbished construction machines to global markets.
The allotment process for the IPO is expected to be finalised on September 30, 2025, and the company’s shares will be listed on both NSE and BSE. The tentative listing date for the Jinkushal Industries IPO is set for October 3, 2025.
Jinkushal Industries IPO Day 1 Subscription Status
[September 25, 2025, 11:18 AM]
On Day 1, the Jinkushal Industries IPO saw a subscription of 0.76 times, according to NSE data. The IPO was subscribed 1.14 times in the Retail Individual Investors (RII) category, 0.88 times in the Non-Institutional Investors (NII) category and 0.01 times in the Qualified Institutional Buyers (QIBs) category.
Jinkushal Industries - IPO Details
Jinkushal Industries IPO will be a bookbuilding of ₹116.15 crores. The issue is a combination of fresh issue of 0.86 crore shares aggregating to ₹104.54 crores and offer for sale (OFS) of 0.10 crore shares aggregating to ₹11.61 crores. The issue price band is set at ₹115 to ₹121 per share. The minimum lot size for an application is 120 and the minimum amount required for a retail investor is ₹13,800 (120 shares).
GYR Capital Advisors Private Limited is the book-running lead manager, and Bigshare Services Private Limited is the registrar for the IPO.
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Utilisation of Proceeds
The Company will utilise the net proceeds from the issue for the following purposes:
- To meet the long-term incremental Working Capital Requirements.
- General Corporate Purposes.
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Jinkushal Industries Ltd - GMP Details
According to NDTV Profit, the Grey Market Potential (GMP) of Jinkushal Industries Ltd stood at ₹21 as of September 25, 2025, 10:00 am. The estimated listing price is expected to be ₹142 based on the upper price band of ₹121. The expected percentage gain per share is 17.36%.
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Source: NDTV Profit Media Report dated September 25, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
About Jinkushal Industries Ltd
Jinkushal Industries Ltd is a Raipur, Chhattisgarh-based company (incorporated in 2007) that operates in the global export and trading of construction machinery. It deals in new/customised, used/refurbished machines. Its product range includes hydraulic excavators, motor graders, backhoe loaders, soil compactors, wheel loaders, bulldozers, cranes, and asphalt pavers. It operates a refurbishment facility in Raipur, uses a network of over 200 suppliers, and exports to more than 30 countries.
In FY 2025, the company's revenue increased by approximately 60% year-over-year (yoy) to ₹385.8 crore, from ₹238.6 crore in FY 2024. Similarly, Profit after tax (PAT) also increased to ₹19.14 crore from ₹18.6 crore within the same period.
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