Jinkushal Industries IPO: The initial public offering (IPO) of Jinkushal Industries Ltd entered the final day of its public bidding today, September 29, with the issue subscribed 10.60Â times so far, 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.
Jinkushal Industries IPO subscription status:
By 11 am, investors have bid for around 7.12 crore shares against the total of 67.21 lakh shares on offer. The subscription includes the Qualified Institutional Buyers (QIBs), who bid 0.07 times, Non-Institutional Investors (NIIs) who bid 18.91 times, and Retail Individual Investors (RIIs) who bid 13.06 times.
Specifically, QIBs have bid for 1.38 lakh shares out of the 19.21 lakh shares reserved, NIIs have bid for 2.72 crore shares against the 14.39 lakh shares allotted, and RIIs bid for 4.38 crore shares against the allotted 33.59 lakh shares.
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Jinkushal Industries IPO details:
The IPO is a book-built issue with an issue size of Rs 116.15 crore, which comprises 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 14,520, based on the upper end of the price band
Allotment date: Tentatively on September 30, 2025
Listing date: Tentatively on 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.
Financially, 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.
