Home
Charts
Search
Watchlist
Products
All IPOs
₹121 - 121
Jinkushal Industries Ltd
TradingIPO
₹121 - 121
We are engaged in export trading of new/customized and used/refurbished construction machines in global markets. We primarily operate across three primary business verticals; (i) export trading of customized, modified and accessorized new construction machines; (ii) export trading of used/ refurbished construction machines; and (iii) export trading of our own brand `HexL' construction machines (presently in category of backhoe loaders) to cater a diverse international customer base.
Lot120Min Invest₹14,520Face Value₹10Issue Size₹116 CrFresh Issue₹105 CrOffer for Sale₹12 CrListing Price₹125CMP₹103
Timeline
25 Sept
Bidding opens
29 Sept
Bidding closes
30 Sept
Allotment
1 Oct
Refund & demat credit
3 Oct
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹116 Cr0.96 Cr shares
Fresh Issue₹105 Cr
Offer for Sale₹12 Cr
Face Value₹10
Lot Size120 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹14,5201-13 lots
sNII₹2,03,280from 14 lots
bNII₹10,01,880from 69 lots
Managers & Registrar
Lead ManagerGYR Capital Advisors Pvt Ltd
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrAnil Kumar JainPRMTR6,20,5707.51Abhinav JainPRMTR2,17,8502.64Sandhya JainPRMTR1,21,1281.47Total9,59,54811.61
Shareholding
CategoryPre IPOPost IPOPromoter Group100%75%Public0%25%
Objects of the Issue
- Funding the working capital requirements of the Company
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|
| RevenueCr | 239 | 381 | 358 | 365 |
| Operating ProfitCr | 23 | 23 | 21 | 11 |
| OPM% | 9.8 | 6.1 | 5.8 | 2.9 |
| PBTCr | 25 | 24 | 17 | 13 |
| PATCr | 19 | 19 | 13 | 8 |
| EPS | 1,341 | 6 | 3 | 3 |
Balance Sheet
| Financial Year | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 38 | - |
| ReservesCr | 43 | 86 | 156 | - |
| BorrowingsCr | 46 | 55 | 101 | - |
| Fixed AssetsCr | - | 10 | 8 | - |
| Total AssetsCr | 109 | 179 | 361 | - |
Cash Flow
| Financial Year | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|
| Operating Cash FlowCr | -24 | -11 | -110 | - |
| Investing Cash FlowCr | -7 | -6 | 0 | - |
| Financing Cash FlowCr | 28 | 13 | 135 | - |
| Net Cash FlowCr | -4 | -4 | 26 | - |
Strengths & Risks
Strengths · as stated in the DRHP
- Largest exporter of non-OEM construction equipment as per CareEdge Report, in addition to presence in UAE and USA through our Subsidiaries.
- Engaged in Refurbishment, reuse, and contribution to circular economy along with environmental responsibility.
- Diversified market presence and optimized machines solutions.
- We believe we have built an efficient supply chain infrastructure that supports our core business in the export trading of construction machines.
- The recent launch of HexL, our brand, marks our transition from other brands' product sales model to own brand, product-driven, customer centric business approach.
- Long established relationships with our customers and diverse customer base.
Strategies · as stated in the DRHP
- Further Integration and Diversification.
- Sales Volume Growth.
- Efficiency Enhancement and Cost Optimization.
- Expansion of Product portfolio.
- Create and strengthen our brand recognition.
- Working Capital Optimization.
Risks · as stated in the DRHP
- The company is heavily dependent on the export market and derives the majority of its revenue from the export trading of construction machines and therefore vulnerable to a range of risks associated with the export market.
- The company revenue from operations is dependent upon a limited number of customers and the loss of any of these customers or loss of revenue from any of these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.
- A significant portion of its revenue is deriveds from select geographies such as Mexico and UAE. Any adverse developments in this market could adversely affect the company business.
- The company has significant working capital requirements and its inability to meet such working capital requirements may have an adverse effect on the company results of operations.
- We are dependent on third-party suppliers and any disruptions in the supply or an increase in the prices of requisite construction machines could adversely affect our operations.
- We have limited operating history and uncertain market acceptance of our HexL brand machines.