Jinkushal Industries IPO Day 3: Check Subscription Status & Key Highlights

The bidding window for Jinkushal Industries IPO will close today, 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 3 Subscription Status 

[September 29, 2025, 11:00 AM]

On Day 3, the Jinkushal Industries IPO saw a subscription of 10.82 times, according to NSE data. The IPO was subscribed 13.30 times in the Retail Individual Investors (RII) category, 19.36 times in the Non-Institutional Investors (NII) category and 0.07 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 an 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.

Check out newly Listed IPOs on BSE and NSE.

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.

Explore other Upcoming IPOs on BSE and NSE.

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.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory. 

To read the RA disclaimer, please click here.