Jinkushal Industries IPO: The initial public offering (IPO) of Jinkushal Industries Ltd concluded its second day of bidding today, September 26, with the issue subscribed 5.10 times, as per provisional exchange data. The company aims to raise Rs 116.15 crore through a fresh issue of Rs 104.54 crore and an offer-for-sale (OFS) of Rs 11.61 crore.
TruAlt Bioenergy IPO subscription status:
By the end of the session, investors bid for approximately 3.42 crore shares against the total of 67.21 lakh shares on offer. The subscription includes the Qualified Institutional Buyers (QIBs), who bid 0.04 times, Non-Institutional Investors (NIIs) who bid 6.79 times, and Retail Individual Investors (RIIs) who bid 7.27 times.
In terms of shares, QIBs bid for 80,520 shares out of the 19.21 lakh shares reserved, NIIs bid for 97.82 lakh shares against the 14.39 lakh shares allotted, and RIIs bid for 2.44 crore shares against the allotted 3.59 lakh shares.
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TruAlt Bioenergy IPO details:
The IPO is a book-built issue with an issue size of Rs 116.15 crore, comprising a fresh issue of Rs 104.54 crore and an offer-for-sale (OFS) of Rs 11.61 crore.
The company plans to utilise the IPO proceeds primarily for working capital requirements and general corporate purposes.
Price band: Rs 115 to Rs 121 per equity share
Subscription date: September 25 to September 29, 2025
Lot size: 120 shares, with a minimum application amount of Rs 13,800
Allotment date: September 30, 2025
Listing date: October 3, 2025
Company profile:
Jinkushal Industries Limited is an exporter of construction machinery and a provider of mining services and logistics solutions.
Founded in 1976, Jinkushal Industries has diversified operations in mining, construction, rice milling, exports, heavy construction equipment exports, third-party warehousing, logistics, real estate, and processed foods.
The company’s revenue grew 59 per cent in FY25 to Rs 385.81 crore, with a Profit After Tax (PAT) of Rs 19.14 crore.
