Jinkushal Industries made a modest debut on the Indian stock exchanges on October 3, 2025. Shares of Jinkushal Industries were listed at ₹125.05 per share on the NSE, reflecting a 3.31% premium over the IPO price. On the BSE, the stock opened at ₹125 per share, also up 3.31% from the issue price. The IPO was subscribed 65.10 times during the primary market subscription period from September 25 to September 29, 2025.
IPO Details and Subscription
Jinkushal Industries IPO price band was set at ₹115–121 per share. Earlier, the company had secured ₹35 crore from anchor investors ahead of the public offering. The issue comprised a fresh issue of shares, with proceeds intended to support working capital requirements and general corporate purposes. Post-listing, Jinkushal Industries’ market capitalisation stood at approximately ₹479.83 crore.
Company Profile and Operations
Based in Chhattisgarh, Jinkushal Industries is engaged in the export trading of new, customised, and used or refurbished construction machinery in global markets. Its portfolio includes hydraulic excavators, motor graders, backhoe loaders, soil compactors, wheel loaders, bulldozers, cranes, and asphalt pavers. Over its operational history, the company has supplied more than 1,500 construction machines, including over 900 new customised units and more than 600 used or refurbished machines.
Market Outlook and Strategic Plans
Jinkushal Industries’ listing provides investors with exposure to the construction machinery export sector, where the firm maintains a strong presence in both domestic and international markets. The fresh capital raised through the IPO will be used to enhance working capital, enabling the company to manage operations efficiently and pursue further growth opportunities.
Conclusion
The Jinkushal Industries IPO marks an important milestone for the company as it seeks to expand its operational footprint and strengthen its position in the global construction equipment market. The listing at a 3% premium reflects investor interest, albeit below initial market expectations, and positions the company for continued growth in the coming years.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
