Jinkushal Industries IPO is a mainboard book-built issue opening from September 25 to September 29, 2025, with a price band of ₹115 to ₹121 per equity share, aiming to raise ₹116.11 crore. The company, headquartered in Raipur, specializes in export trading of construction machinery and mining equipment, including its own brand HexL. Jinkushal Industries IPO offers investors exposure to the growing construction and mining equipment export sector, driven by infrastructure development and global demand.
₹20
₹121
₹125.00
Expert Opinions
Market sentiment for Jinkushal Industries IPO is positive, reflecting strong investor interest in the company’s niche position in the global construction machinery export sector. The company’s strengths include its diversified product portfolio spanning new customized machinery, refurbished equipment, and proprietary HexL brand backhoe loaders, along with an established presence in over 30 countries.
Risks involve dependency on global demand fluctuations, competitive pressures in refurbished machinery, and working capital intensity. Valuation analysis of financial year 2025 for Jinkushal Industries IPO shows a Return on Equity (ROE) of 28.30%, Return on Capital Employed (ROCE) of 18.39%, and a Net Asset Value (NAV) of ₹28.98, indicating strong profitability and efficient use of assets. The IPO offers long-term growth potential for investors seeking exposure to India’s expanding industrial exports and refurbishment market.
Investor Considerations
Jinkushal Industries IPO has demonstrated solid financial performance with revenue rising to ₹385.81 crore in FY 2025 from ₹242.80 crore in FY 2024, alongside a profit after tax of ₹19.14 crore. The company, a leading exporter in the construction machinery segment, benefits from a growing global demand and a diversified product portfolio. The sector outlook is favorable due to ongoing infrastructure development and global machinery demand.
The Jinkushal Industries IPO valuation for financial year 2025 reveals a Price to Book Value of 4.18, a PAT margin of 5.03%, and a Debt to Equity ratio of 0.58, indicating balanced leverage and profitability. Growth prospects are linked to expanding market reach and increased refurbishment services. Risks include exposure to export market fluctuations and working capital demands. This IPO suits long-term investors aiming for steady industrial export growth.
| Date | GMP | Trend |
|---|---|---|
| 01 Oct 2025 12.44 | ₹20 | --- |
| 29 Sep 2025 13.32 | ₹20 | --- |
| 28 Sep 2025 19.22 | ₹20 | --- |
| 27 Sep 2025 17.16 | ₹20 | --- |
| 26 Sep 2025 12.41 | ₹20 | --- |
| 25 Sep 2025 16.40 | ₹20 | Down |
| 24 Sep 2025 20.35 | ₹40 | Down |
| 23 Sep 2025 10.34 | ₹50 | --- |
| 22 Sep 2025 12.02 | ₹50 | --- |
| 21 Sep 2025 19.18 | ₹50 | --- |
| 20 Sep 2025 13.29 | ₹50 | --- |
FAQs
The Grey Market Premium showed moderate accuracy in predicting Jinkushal Industries IPO’s listing performance. With a final GMP of ₹20, it projected a premium of 16.53% over the issue price of ₹121, implying a listing near ₹141. However, the stock listed at ₹125, delivering a gain of just 3.31%. This resulted in a large prediction error of 13.22%, where the GMP clearly overestimated the actual gain, reflecting poor reliability in this case.
Jinkushal Industries IPO Current GMP is ₹20.
Jinkushal Industries IPO Expected Returns is 16.53%.
Jinkushal Industries IPO estimated listing price is ₹141.