Jinkushal Industries Subscribed 65.10 Times On Final Day

Jinkushal Industries Ltd.'s initial public offering (IPO) was subscribed 65.10 times on final day. The IPO was subscribed 5.11 times on its second day of bidding. The company was offering 95.95 lakh shares worth Rs 116.10 crore in the primary markets from Thursday.

The book-building issue entailed shares worth Rs 104.54 crore as a fresh offer and Rs 11.61 crore as an offer for sale. The face value of each share was Rs 10. The mainboard IPO has concluded today. Shares of Jinkushal Industries will list on both BSE Ltd. and National Stock Exchange Ltd. (NSE).

Anil Kumar Jain, Abhinav Jain, and Sandhya Jain were the promoters who offloaded stakes through the IPO.

Jinkushal Industries exports new, customised, used, and refurbished construction machines in global markets. It's the largest non-original equipment manufacturer in construction machinery exports with a 6.9% market share, according to a CareEdge report.

• Open date: Sept. 25

• Close date: Sept. 29

• Price Band: Rs 115 – 121

• Tentative Allotment date: Sept. 30

• Tentative Listing date: Oct 3

• IPO size: Rs 116.15 crore

• Minimum bid: Lot size of 120 shares

Jinkushal Industries reported that its total income was at Rs 3,427.37 crore in the financial year 2025 compared to Rs 2,913.80 crore in the previous financial year, as per information in the red herring prospectus. Ebitda for the period stands at Rs 606.07 crore.

Jinkushal Industries reported that its net profit for the financial year 2025 was at Rs 409.24 crore, compared to Rs 328.19 crore in the previous financial year.

Jinkushal IPO was subscribed 65.10 times as of 7 p.m. on Monday.

• Qualified Institutional Buyers: 35.66 times.

• Non-institutional investors: 146.39 times

• Retail investors: 47.10 times

Jinkushal Industries' grey market premium is Rs 20 as of 9:30 p.m., as per data on the Investorgain website. This indicated that the listing price will likely be Rs 141, which implied 16.5% listing gains.