Jinkushal Industries Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹121
Per ShareLot Size
120 Shares
Minimum Investment
₹14,520
Issue Size
₹116.15 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Jinkushal Industries Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
75%
Issue Type
Book Building
ISIN
INE1FF001016
About the Company
We are engaged in export trading of new/customized and used/refurbished construction machines in global markets. We primarily operate across three primary business verticals; (i) export trading of customized, modified and accessorized new construction machines; (ii) export trading of used/ refurbished construction machines; and (iii) export trading of our own brand `HexL' construction machines (presently in category of backhoe loaders) to cater a diverse international customer base.
Industry Overview
The global market for used construction equipment involves the buying and selling of pre-owned machinery and vehicles utilized in the construction sector, The used construction equipment market has shown consistent growth, with an estimated value of USD 132.4 billion in CY24. This growth is mainly fueled by two significant factors: (a) the rise in infrastructure development and construction activities in emerging economies, and (b) the cost-effectiveness of used equipment compared to new machinery. Looking forward, the market is expected to reach USD 177.2 billion by CY29, with a CAGR of 6.0% during the forecast period.
Company History
Our Company was originally incorporated as `Zenith Tie-Up Private Limited', a private limited company under the erstwhile Companies Act, 1956, pursuant to a certificate of incorporation dated November 27, 2007, issued by the Registrar of Companies, Kolkata, West Bengal. Subsequently, our Company changed its name from `Zenith Tie-Up Private Limited' to `Jinkushal Ispat & Power Private Limited' pursuant to a fresh certificate of incorporation dated October 20, 2009. Subsequently, our Company changed its name from `Jinkushal Ispat & Power Private Limited' to `Jinkushal Industries Private Limited' pursuant to a fresh certificate of incorporation dated January 8, 2014. Subsequently, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders at an extraordinary general meeting held on September 25, 2024 and a fresh certificate of incorporation dated October 30, 2024 was issued by the Registrar of Companies, Centeral Processing Center, recording the change in the name of our Company to `Jinkushal Industries Limited'.
Products & Services
- The Company is engaged in export trading of new/customized and used/refurbished construction machines in global markets.
Growth Strategy
- Further Integration and Diversification.
- Sales Volume Growth.
- Efficiency Enhancement and Cost Optimization.
- Expansion of Product portfolio.
- Create and strengthen our brand recognition.
- Working Capital Optimization.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 95,99,548 equity shares of face value of Rs. 10/- each ("Equity Shares") of Jinkushal Industries Limited ("the Company" or the "Issuer") for cash at a price of Rs. 121 per equity share (Including a Securities Premium of Rs. 111 per Equity Share) ("Offer Price") Aggregating Rs. 116.15 crores comprising a fresh issue of 86,40,000 equity shares of face value of Rs. 10 each aggregating Rs. 104.54 crores by the company ("Fresh Issue") and an offer for sale of 9,59,548 equity shares of face value Rs. 10/- each aggregating up to Rs. 11.61 crores ("Offered Shares") by the selling shareholders, comprising 6,20,570 equity shares of face value Rs. 10/- each aggregating Rs. 7.51 crores by Anil Kumar Jain, 2,17,850 equity shares of face value Rs. 10/- each aggregating Rs. 2.64 crores by Abhinav Jain and 1,21,128 equity shares of face value Rs. 10/- each aggregating Rs. 1.47 crores by Sandhya Jain (Collectively the "Selling Shareholders or "Promoter Selling Shareholders"), ("Offer for Sale", together with the fresh issue, the "Offer"). The offer will constitute 25.01 % of the post-offer paid-up equity share capital. Price Band: Rs. 121/- for equity share of face value of Rs. 10 each. The floor price is 12.10 times times the face value of the face value of the equity shares. Bids can made for a minimum of 120 equity shares and in multiples of 120 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Largest exporter of non-OEM construction equipment as per CareEdge Report, in addition to presence in UAE and USA through our Subsidiaries.
- Engaged in Refurbishment, reuse, and contribution to circular economy along with environmental responsibility.
- Diversified market presence and optimized machines solutions.
- We believe we have built an efficient supply chain infrastructure that supports our core business in the export trading of construction machines.
- The recent launch of HexL, our brand, marks our transition from other brands' product sales model to own brand, product-driven, customer centric business approach.
- The company is heavily dependent on the export market and derives the majority of its revenue from the export trading of construction machines and therefore vulnerable to a range of risks associated with the export market.
- The company revenue from operations is dependent upon a limited number of customers and the loss of any of these customers or loss of revenue from any of these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.
- A significant portion of its revenue is deriveds from select geographies such as Mexico and UAE. Any adverse developments in this market could adversely affect the company business.
- The company has significant working capital requirements and its inability to meet such working capital requirements may have an adverse effect on the company results of operations.
- We are dependent on third-party suppliers and any disruptions in the supply or an increase in the prices of requisite construction machines could adversely affect our operations.