Chhattisgarh-based Jinkushal Industries, the exporter of customised and refurbished construction machines, has filed red herring prospectus (RHP) with the Registrar of Companies on September 15 as it is set to launch IPO at Dalal Street next week on September 25.
The price band details for the offer will be disclosed by the company on September 16.
The company is going to issue 86.35 lakh fresh shares, while promoters are selling 9.59 lakh shares via offer-for-sale.
The IPO anchor book for institutional investors will be opened on September 24, while the issue will remain open for all kind of investors till September 29.
The company will finalise IPO share allotment by September 30, while the trading in its shares will commence on the bourses effective October 3.
Jinkushal Industries claims the largest non-OEM construction machines exporter with a 6.9 percent market share, competing with listed peers like Action Construction Equipment, and Vision Infra Equipment Solutions. Apart from customised and refurbished construction machines, it also exports own brand HexL construction machines (presently in category of backhoe loaders).
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Of the net fresh issue proceeds, the company intends to spend Rs 72.67 crore for its long term incremental working capital requirements, and the remaining amount for general corporate purposes.
Jinkushal Industries has reported profit at Rs 19.14 crore for the year ended March 2025, increasing 2.65 percent from Rs 18.6 crore in the previous year, impacted by subdued operating margin. Revenue during the same period grew sharply by 59.5 percent to Rs 380.6 crore, up from Rs 238.6 crore, while the EBITDA margin dropped sharply to 6.1 percent against 9.79 percent.
GYR Capital Advisors is the sole merchant banker managing the Jinkushal Industries IPO.
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