Bengaluru, 17th September 2025: Jinkushal Industries Limited (JKIPL), India’s largest non-OEM construction machines exporter with a 6.9% market share, as per a CareEdge Report, on Tuesday fixed a price band of Rs 115 to Rs 121 per share for its upcoming Rs 116-crore initial public offering (IPO).
At the upper end, the company is valued at around Rs 464 crore. The Raipur-based company’s maiden public offering will open on September 25 and close on September 29.
The IPO comprises a fresh issue of up to 86.35 lakh equity shares (Fresh Issue) and an offer for sale of up to 9.59 lakh equity shares of face value of Rs. 10 each.
JKIPL proposes to utilize Rs. 72.67 crore from the Net Proceeds of the Fresh Issue towards funding the long-term incremental working capital requirements and rest on General Corporate Purposes.
Jinkushal Industries, promoted by Mr. Anil Kumar Jain, Mr. Abhinav Jain, Ms. Sandhya Jain, Ms. Tithi Jain and Ms. Yashasvi Jain, is engaged in export trading of new/customized and used/refurbished construction machines in global markets and is recognized as Three-Star Export house by Directorate General of Foreign Trade (DGFT), Government of India.
JKIPl specializes in export trading of construction machines such as hydraulic excavators, motor graders, backhoe loaders, soil compactors, wheel loaders, bulldozers, cranes, and asphalt pavers and has exported construction machines to over 30 countries, including UAE, Mexico, Netherlands, Belgium, South Africa, Australia, and UK.
In Fiscal 2025, JKIPL reported Rs. 380 crores in Revenue from Operations which is a 59.5% growth on a year-on-year basis. Action Construction Equipment Limited and Vision Infra Equipment Solutions Limited are the listed industry peers as per the RHP.
JKIPL operates an in-house refurbishment facility in Raipur, Chhattisgarh, India- spanning 30,000 sq. ft. which is equipped with modern machines, including hydraulic mobile cranes, hydraulic crimping machines, plasma cutting systems, MIG welding machines, lathes and turning machines, line boring machines, sand blasting, air compressors, painting devices etc., ensuring that the refurbishment process aligns with industry standards.
GYR Capital Advisors Private Limited is the sole Book Running Lead Manager (BRLM) to the IPO.
