Jinkushal Industries IPO to open on September 25
FinTech BizNews Service
Mumbai, September 16, 2025: 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.
CS Maitri Thakkar, Manager, GYR Capital Advisors Private Limited; Yashasvi Jain, Promoter and Marketing Head, Jinkushal Industries Limited; Abhinav Jain, Promoter & Director, Jinkushal Industries Limited and Sumeet Kumar Berlia, Chief Financial Officer, Jinkushal Industries Limited at a press conference in connection with Jinkushal Industries’ forthcoming Initial Public Offering (IPO).
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.
