Jinkushal Industries launches IPO on Sept. 25, aiming to raise Rs 116 crore, with shares priced at Rs 115–121.

Jinkushal Industries Limited launched its IPO on September 25, 2025, aiming to raise Rs 116.15 crore through a fresh issue and offer-for-sale, priced between Rs 115 and Rs 121 per share. The issue closes on September 29, with allotments expected on September 30 and listing on BSE and NSE on October 3. The company, based in Raipur, exports construction machinery to over 30 countries and reported a 59.5% revenue increase to Rs 380.6 crore for the fiscal year ending March 2025. Anchor investors subscribed Rs 35 crore, and the grey market premium indicated strong demand. Retail investors can apply for up to Rs 200,000, with 35% of shares reserved for them. Proceeds will fund working capital and corporate purposes.