Jinkushal Industries Private Limited (JKIPL) made a robust debut on the Indian stock markets, with its shares listing at a premium on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The construction machinery exporter's initial public offering (IPO) garnered significant investor interest, reflecting confidence in the company's growth prospects.

Listing Details

• BSE: Shares listed at ₹125.05, a 3.45% premium over the IPO price
• NSE: Shares listed at ₹125.00, a 3.31% premium over the IPO price
• IPO Price: ₹121 per share

IPO Performance

The ₹116.15 crore IPO of Jinkushal Industries witnessed strong demand across investor categories:

Company Overview

Jinkushal Industries is a prominent player in the construction machinery sector, with a global footprint spanning over 30 countries. The company operates through three key verticals:

1. New customized machines
2. Refurbished equipment
3. HexL brand products

Financial Highlights

• Revenue: ₹385.80 crore (59% year-on-year growth)
• Net Profit: ₹19.10 crore (3% year-on-year increase)

Operational Achievements

• Total machines delivered globally: Over 1,500
  • New machines: 900 units
  • Refurbished units: 600 units

IPO Proceeds Utilization

The funds raised from the IPO will be allocated towards:

• Working capital requirements
• General corporate purposes

The strong market debut and overwhelming subscription rates for Jinkushal Industries' IPO underscore investor confidence in the company's business model and growth potential. As a key player in the construction machinery sector with a significant global presence, JKIPL is well-positioned to capitalize on infrastructure development opportunities both domestically and internationally.

Jinkushal Industries is poised to make its stock market debut today on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), following a highly successful Initial Public Offering (IPO). The company's shares are expected to list at a premium, potentially rewarding investors who participated in the public issue.

IPO Performance

The Rs 116.15-crore IPO of Jinkushal Industries witnessed robust demand from investors, resulting in an impressive oversubscription of 65.01 times. The offering received bids for 43.75 crore shares against the 67.21 lakh shares on offer, indicating strong investor interest in the company.

Expected Listing Price

According to grey market trends, Jinkushal Industries shares are commanding a premium of Rs 20. This suggests an estimated listing price of Rs 141.00, compared to the upper price band of Rs 121.00 set during the IPO. If realized, this would represent a potential gain of approximately 16.53% for IPO investors on the listing day.

IPO Structure and Fundraising

The public issue comprised two components:

1. A fresh issue of 86 lakh shares, raising Rs 104.54 crore
2. An offer-for-sale (OFS) of 10 lakh shares, valued at Rs 11.61 crore

Utilization of Funds

Jinkushal Industries has outlined its plans for the proceeds raised through the fresh issue:

• Working capital requirements
• General corporate purposes

Investor Outlook

The strong oversubscription and the expected listing premium indicate positive sentiment among investors towards Jinkushal Industries. However, it's important to note that market conditions and various other factors can influence the actual listing price and performance of the shares on their debut.

As Jinkushal Industries prepares to join the ranks of publicly traded companies, investors and market watchers will be keenly observing its performance in the initial trading sessions and beyond.