Archive · 17 Sep 2025
Jinkushal Industries IPO Launches with ₹116.11 Crore Offering
Jinkushal Industries, a company that exports construction machines like excavators, is selling shares to the public through an IPO.
They plan to raise about ₹116 crore.
The money will be used to help the company grow.
Investors can buy shares at a price between ₹115 and ₹121 each.
Most of their sales come from selling hydraulic excavators.
The majority of their exports go to Mexico.
The company also has its own brand, 'HexL', for backhoe loaders.
If all goes to plan, shares will be available for trading on October 3, 2025.
Jinkushal Industries' IPO aims to raise ₹116.11 crore.
The company exports new and used construction machines to over 30 countries.
They operate three business verticals: export of new, used, and 'HexL' brand construction machines.
Mexico accounts for the majority of the company's export revenue.
Proceeds from the IPO will be used for working capital and general corporate purposes.
- Who
- Jinkushal Industries
- What
- Initial Public Offering (IPO) to raise funds
- When
- IPO opens September 25, 2025 and closes September 29, 2025
- Where
- N/A
- Why
- To fund working capital and for general corporate purposes
- IPO Amount
- ₹116.11 crore
- Price Band
- ₹115 to ₹121 per share
- Minimum Investment
- ₹14,520 per lot (retail)
- Business
- Exporter of construction machines
- Market Share
- 6.9% (largest non-OEM exporter)
- Listing Date (Tentative)
- October 3, 2025