Shares of Jinkushal Industries made their debut on Friday, opening more than 3 percent higher than the issue price of ₹121. The stock commenced trading at ₹125, reflecting an increase of 3.30 percent from the initial price on both the BSE and NSE.
Subsequently, the stock climbed to a high of ₹128, representing a rise of 5.78 percent on the BSE, before receding to a trading value of ₹118.75, which marks a decline of 1.85 percent. Jinkushal Industries currently holds a market valuation of ₹455.83 crore.
The company’s initial public offering (IPO) was well-received, garnering a subscription rate of 65.10 times on the final day of the sale on Monday. The public issue was priced within a band of ₹115 to ₹121 per share and consisted of a fresh issue of 86.40 lakh shares, alongside an offer-for-sale (OFS) of 9.6 lakh shares from the promoters.
Proceeds from the fresh issue are earmarked for funding the company’s working capital needs and for general corporate purposes.
Located in Chhattisgarh, Jinkushal Industries focuses on export trading of customized and refurbished construction machinery in international markets. The firm specializes in various construction equipment, including hydraulic excavators, motor graders, backhoe loaders, soil compactors, wheel loaders, bulldozers, cranes, and asphalt pavers.
To date, the company has supplied over 1,500 construction machines, which includes more than 900 new machines (often customized) and over 600 used or refurbished units.
Published on October 3, 2025.
