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Jinkushal Industries, a construction machinery exporter, files for IPO to expand into electric equipment.
Jinkushal Industries Ltd, a Chhattisgarh-based exporter of construction machinery to over 30 countries, has filed for an IPO with the Securities and Exchange Board of India.
The offering includes 86.5 lakh new shares and 10 lakh shares from promoters.
The company plans to use the funds for working capital and corporate purposes.
Jinkushal recently launched its own brand, 'HexL,' for construction equipment, aiming to expand into electric construction machinery.
GYR Capital Advisors is managing the IPO.
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