Jinkushal Industries
September 25, 2025 – September 29, 2025
| Price | ₹0 - ₹0 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 0 |
| Allotment | Sep 30, 2025 |
| Listing | Oct 3, 2025 |
Jinkushal Industries About
(AS PER DRHP)
IPO Details
| Total Issue Size | 96,50,000 shares (aggregating up to ₹* Cr) |
| Fresh Issue | 86,50,000 shares (aggregating up to ₹* Cr) |
| Offer For Sale | 10,00,000 shares (aggregating up to ₹* Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,97,46,000 shares |
| Share Holding Post Issue | 3,83,96,000 shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Net Isssue |
Key Performance Indicator (KPI)
| KPI | Dec-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| ROE | 25.37% | 55.19% | 51.95% | 84.20% |
| ROCE | 16.08% | 29.44% | 34.11% | 44.58% |
| DEBT/ EQUITY | 0.62 | 1.06 | 0.66 | 0.8 |
Company Financial In Crore
Details will be added soon.
Peers Comparison
Details will be added soon.About Company
Incorporated: November 2007
Nature of Business: Export trading company specialising in construction machinery with a global footprint.
Global Presence:
- Supplies construction machinery across 30+ countries, including the UAE, Mexico, Netherlands, Belgium, South Africa, Australia, and the UK.
- Built a strong reputation for quality, customisation, and service excellence.
Business Verticals:
- Customised New Construction Machines:
- Export of new, customised, modified, and accessorised machines.
- Tailored solutions for diverse operational and regional requirements.
- Used & Refurbished Construction Machines:
- Reliable and cost-effective alternatives.
- Machines refurbished to ensure performance and compliance with global quality standards.
- Proprietary Brand – ‘HexL’:
- Own brand of construction equipment.
- Currently offers backhoe loaders engineered for performance, durability, and value.
Growth & Operations:
- Machines Supplied:
- Over 1,500 units supplied as of April 2025 (900 new, 600 refurbished).
- In 9M FY25 (ending Dec 31, 2024): 1,171 machines supplied (815 new, 356 refurbished).
- Refurbishment Facility:
- In-house unit with 48 skilled employees.
- Ensures customisation, reconditioning, and compliance with strict technical standards.
- Supported by non-exclusive third-party refurbishment centres following company SOPs.
Strength
Market Leadership & Global Reach: Recognized as the largest Non-OEM exporter of construction machines with a 6.3% market share (CareEdge Report). Certified as a Three-Star Export House by DGFT, exporting to 30+ countries including the UAE, USA, Mexico, UK, and Australia.
Sustainability & Circular Economy Focus: Extends machine life through systematic refurbishment, reducing demand for new production and thereby saving raw materials, energy, and carbon emissions while ensuring reliable performance.
Diversified Product Portfolio: Offers a broad range of machines—from hydraulic excavators and cranes to backhoe loaders and asphalt pavers—covering new, refurbished, and proprietary HexL brand equipment, ensuring resilience against market fluctuations.
Weakness
High Dependence on Export Markets : The company is heavily dependent on exports, with nearly 99% of revenue derived from international markets, exposing it to global trade risks.
Geographic Concentration Risk: A significant portion of revenue is concentrated in Mexico and UAE, making the company vulnerable to adverse developments in these markets.
Reliance on Third-Party Suppliers: The company relies on a network of domestic and international third-party suppliers without long-term contracts, creating risks of supply disruptions and price volatility.
Jinkushal Industries Lead Manager(s)
Jinkushal Industries Address
Opp. C. M. House Near Chhattisgarh Club,
Civil Lines
Raipur, Chhattisgarh, 492001
Email: compliance@jkipl.in
Website: https://www.jkipl.in/