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Jinkushal Industries IPO GMP & Review: Should You Apply or Avoid?

Mon Sep 22 2025

Jinkushal Industries IPO GMP & Review: Should You Apply or Avoid?

Check Expert’s Verdicts on Jinkushal Industries IPO

Jinkushal Industries’ IPO is open for bidding from 25th September 2025 to 29th September 2025. It is a book-building IPO of ₹116.15 crores, comprising an entirely fresh issue of ₹ 0.86 crore, and an offer for sale of 0.10 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 3rd October 2025. 

Jinkushal Industries IPO Details 

The Jinkushal Industries IPO date is fixed between 25th September 2025 and 29th September 2025. The face value of Jinkushal Industries’ IPO shares is ₹10 per share, and the IPO price is set between ₹115 and ₹121 per share.

Bigshare Services Private Limited is the registrar of the Jinkushal Industries IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

IPO Open Date25th September 2025
IPO Close Date29th September 2025
IPO Allotment Date30th September 2025
Refund Initiation 1st October 2025
Issue Size95,99,548 shares(aggregating up to ₹116.15 Cr)
Fresh issue86,40,000 shares(aggregating up to ₹104.54 Cr)
Offer for sale9,59,548 shares of ₹10(aggregating up to ₹11.61 Cr)
Face Value₹10 per share
Lot Size120 shares
Issue Price Final₹115 to ₹121 per share
Issue TypeBookbuilding IPO
Listing AtBSE & NSE
Listing Date3rd October 2025

Jinkushal Industries IPO Share Reservation

Jinkushal Industries’ IPO is a book-building IPO of ₹27.24 crore, comprising an entirely fresh issue of 0.26 crore, and an offer for sale. The IPO will be listed on the BSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Investor CategoriesShares Offered
QIB Shares OfferedNot more than 50% of the Net offer
Retail Shares OfferedNot less than 35% of the net offer
NII (HNI) Shares OfferedNot less than 15% of the Net offer

Jinkushal Industries IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the Jinkushal Industries IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

GMP DateIPO PriceGMPEstimated Listing Price Estimated Listing Gains
21-09-2025₹121.00₹51.00₹172.0042.51%
20-09-2025₹121.00₹51.00₹172.0042.51%
19-09-2025₹121.00₹51.00₹172.0042.51%
18-09-2025₹121.00₹51.00₹172.0042.51%
17-09-2025₹121.00₹51.00₹172.0042.51%
16-09-2025₹121.00₹0.00₹121.000.00%

As of 21st September 2025, Jinkushal Industries’ IPO GMP stands at ₹0 per share, indicating that the share is likely to list at ₹172 on its tentative listing date, 3rd October 2025.

GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Jinkushal Industries GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends. 

Jinkushal Industries IPO GMP Review

Check out the detailed Jinkushal Industries GMP IPO review for a thorough understanding of its potential to report listing gains on 3rd October 2025. The Jinkushal Industries IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to comprehend the business’s financial growth margins and declines before applying for the Jinkushal Industries IPO.

Jinkushal Industries Limited’s revenue increased by 59% from ₹242.80 crores in March 2024 to ₹385.81 crores in March 2025. Moreover, the company’s PAT rose by 3% from ₹18.64 crores to ₹19.14 crores.

Jinkushal Industries Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Jinkushal Industries IPO for its tentative listing day, 3rd October 2025.  

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Jinkushal Industries IPO.

Key IndicatorsValue
PE Ratio (Price-to-Earnings) 18.8
EPS (Earnings Per Share)6.43
RoNW21.22%
ROCE18.39%
ROE23.30%
EBITDA Margin7.52%
Price to Book Value4.18
Market Capitalisation₹464.42 Cr

The P/E ratio of Jinkushal Industries Limited’s share is 18.8, and its Earnings Per Share (EPS) stands at 4.99. Thus, the Jinkushal Industries Limited IPO can potentially deliver gains on its tentative listing date, 3rd October 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Jinkushal Industries Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics. 

IndicatorsPre-IPOPost-IPO
PE Ratio18.824.26
EPS 6.434.99

Jinkushal Industries Limited Peer Comparison

Company NameEPSP/ERoNWFace valueRevenue
Jinkushal Industries Limited6.1518.821.22₹10242.80
Action Construction Equipment34.3931.1825.34₹22,991
Vision Infra Equipment Solutions15.9766.8220.68₹1072,83

Jinkushal Industries IPO Subscription Status

The Jinkushal Industries IPO is to be opened for bidding on 25th September 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Jinkushal Industries IPO subscription status. 

Investor CategoryShares OfferedShares SubscribedSubscription to the Times
QIB Shares OfferedNot more than 50% of the Net offerYet to be announcedYet to be announced
Retail Shares OfferedNot less than 35% of the net offerYet to be announcedYet to be announced
NII (HNI) Shares OfferedNot less than 15% of the Net offerYet to be announcedYet to be announced

About Jinkushal Industries Limited

Founded in November 2007, Jinkushal Industries Limited is an export trading company supplying construction machinery globally. Operating in over thirty countries—including the UAE, Mexico, Netherlands, Belgium, South Africa, Australia, and the UK—the company has built a strong reputation for quality, customisation, and service excellence.

  • A leading exporter of construction machines in the UAE and the USA through subsidiaries.
  • Refurbishment, reuse, and contribution to the circular economy, along with environmental responsibility.
  • Diversified Market Presence and Optimised Machine Solutions.
  • Efficient supply chain infrastructure supporting its export trading of construction machines.

Jinkushal Industries Limited Financials

The company’s financial analysis is essential before applying for the Jinkushal Industries  IPO. Refer to the table to learn about Jinkushal Industries Limited’s financial information. 

Year Ended31st March 2025 (in cr.)31st March 2024 (in cr.)
Assets179.35109.44
Revenue385.81242.80
Profit After Tax19.1418.64
EBITDA28.6027.57
Net Worth86.1943.07
Total Borrowing54.8246.04

Explanation

Jinkushal Industries Limited’s revenue increased by 59% from ₹242.80 crores in March 2024 to ₹385.81 crores in March 2025. Moreover, the company’s PAT rose by 3% from ₹18.64 crores to ₹19.14 crores.

Jinkushal Industries IPO Bidding Requirements

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual Investors (Retail) (Min)1120₹14,520
Individual Investors (Retail) (Max131,560₹1,88,760
S-HNI (Min)141,680₹2,03,280
S-HNI (Max)688,160₹9,87,360
B-HNI (Max)698,280₹10,01,880

Jinkushal Industries’ IPO has reserved lot sizes for different investor categories. Look at the table below to see the requirements for applying for this IPO.

Use the lot size calculator to find how many shares you should apply for!

Jinkushal Industries IPO Promoter Holding

Refer to the table below to review the holdings of Jinkushal Industries Limited’s promoters: 

Anil Kumar Jain, Abhinav Jain, Sandhya Jain, Tithi Jain and Yashasvi Jain. 

Share Holding Pre-Issue100%
Share Holding Post-Issue

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

Aim of the Jinkushal Industries IPO

The primary aim of the Jinkushal Industries IPO is to raise ₹116.15 crores. On the other hand, Jinkushal Industries has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Jinkushal Industries IPO.

  • To meet general corporate purposes.
  • To fund capital expenditure towards the purchase of additional office premises.

Should I Invest in the Jinkushal Industries IPO?

Explore the pros and cons of Jinkushal Industries to know whether you should apply or avoid the issue. These pros and cons may help you understand the IPO’s efficiency in generating profits in the coming decades. 

Pros of Jinkushal Industries IPO

  • Strong revenue growth
  • Export-oriented business
  • Dual Product mix
  • Reasonable valuation

Cons of Jinkushal Industries IPO

  • Declining profitability pressure
  • Limited net growth 
  • High competition
  • Intensive working capital business

How to Apply for the Jinkushal Industries IPO?

Please follow the steps outlined below to apply for a position at Jinkushal Industries Limited.

  • Step 1: Conduct thorough research on the Jinkushal Industries IPO, including GMP, subscription status, issue size, lot size, and other relevant details. 
  • Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
  • Step 3: Place a bid for one lot of 120 shares, valued at ₹14,520.
  • Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Jinkushal Industries IPO from more than one demat account to increase your chances of allotment. 

How to Check Jinkushal Industries IPO Allotment Status?

You can check whether the Jinkushal Industries IPO allotment has been completed in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On NSE

  • Visit the NSE Official Website.
  • Navigate to the IPO Allotment Section. 
  • Select Equity as the issue type. 
  • Choose the Jinkushal Industries IPO.  
  • Choose whether to proceed with the PAN number or the application number. 
  • Submit your details to get the allotment status online. 

Check On the Registrar Portal

  • Visit the registrar portal.
  • Click on the allotment option.
  • Fill in the required details.
  • Click on the submit button to know your Jinkushal Industries IPO allotment status.

Let’s Wrap

Jinkushal Industries’ IPO is a fresh issue of shares worth ₹116.15 crores. The shares of Jinkushal Industries Limited will be listed on the BSE and NSE on its tentative listing date of 3rd October 2025. Researching the Jinkushal Industries IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Jinkushal Industries IPO

How is the Jinkushal Industries IPO?

Ans. Currently, on 21st September 2025, the Jinkushal Industries IPO GMP (Grey Market Premium) stands at ₹51. It indicates that the estimated listing price could be ₹42.15 per share. It is a book-building IPO of ₹116.15 crores, comprising an entirely fresh issue of 0.86 crore shares, and an offer for sale of 0.10 crore shares. The face value of each share of Jinkushal Industries Limited is ₹10 per share.

What is the IPO price of Jinkushal Industries?

Ans. The Jinkushal Industries IPO price is set at ₹115.00 to ₹121.00 per share. Retail investors can apply for a minimum of 1 lot each, consisting of 120 shares, worth ₹14,520. Moreover, HNIs are required to bid for a minimum of 14 lots (1,680 shares) worth ₹2,03,280.

Is the Jinkushal Industries IPO a good investment?

Ans. Jinkushal Industries Limited’s revenue increased by 59% from ₹242.80 crores in March 2024 to ₹385.81 crores in March 2025. Moreover, the company’s PAT rose by 3% from ₹18.64 crores to ₹19.14 crores.

Who is the registrar of the Jinkushal Industries IPO?

Ans. Bigshare Services Private Limited is the registrar of the Jinkushal Industries IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Jinkushal Industries allotment and refund, you can contact Bigshare Services Private Limited at  investor@bigshareonline.com or +91-22-6263 8200.

What is the issue size of the Jinkushal Industries IPO?  

Ans. Jinkushal Industries’ IPO is a book-building IPO of ₹116.15 crores, comprising an entirely fresh issue of 0.86 crore shares, and an offer for sale of 0.10 crore shares. Moreover, the IPO is set to open on 25th September 2025 and will be closed on 29th September 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Jinkushal Industries IPO, download the Jinkushal Industries IPO RHP and the Jinkushal Industries IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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