Jinkushal Industries, a prominent player in the construction machinery export sector, is gearing up to launch its mainboard Initial Public Offering (IPO). The company aims to raise Rs 116.10 crore through the issuance of 95.95 lakh shares.

IPO Details

• Price Band: Rs 115-121 per share
• Issue Size: Rs 116.10 crore
• Fresh Issue: Rs 104.54 crore
• Offer for Sale: Rs 11.61 crore

The IPO comprises a fresh issue of shares worth Rs 104.54 crore and an offer for sale (OFS) of Rs 11.61 crore by the company's promoters - Anil Kumar Jain, Abhinav Jain, and Sandhya Jain.

Company Overview

Jinkushal Industries has established itself as a significant player in the construction machinery export market. The company boasts a 6.9% market share, positioning it as the largest non-original equipment manufacturer in this sector. Its operations span across three key verticals:

1. Customized new machines
2. Used/refurbished equipment
3. Proprietary 'HexL' brand

Financial Performance

The company has demonstrated strong financial performance in recent years:

Utilization of Funds

The proceeds from the IPO will primarily be used to fund the company's working capital requirements. Jinkushal Industries has allocated Rs 72.68 crore for this purpose.

Listing Details

The shares of Jinkushal Industries are scheduled to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Investors interested in the construction machinery sector and looking for exposure to India's growing infrastructure market may find this IPO worth considering. However, as with any investment decision, it is advisable to thoroughly research and consult with financial advisors before participating in the offering.

Conclusion

Jinkushal Industries' upcoming IPO presents an opportunity for investors to participate in the growth of a leading player in the construction machinery export sector. With its strong market position, diverse product offerings, and solid financial performance, the company appears well-positioned for future growth. As always, potential investors should carefully evaluate the risks and opportunities before making an investment decision.

Jinkushal Industries, a prominent export-oriented construction machinery supplier, has set the stage for its Initial Public Offering (IPO) with a price band of Rs 115-121 per share. The company aims to raise Rs 116.11 crore through this public issue, which is scheduled to open on September 25 and close on September 29.

IPO Details

The IPO comprises a fresh issue of equity shares worth Rs 104.00 crore and an offer for sale (OFS) of Rs 11.61 crore. Investors can look forward to the listing of Jinkushal Industries' shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), expected to take place on October 3.

Company Overview

Jinkushal Industries has established a strong presence in the construction machinery sector, operating across three key verticals:

1. New customized machinery
2. Refurbished machines
3. HexL brand backhoe loaders

The company's global footprint spans over 30 countries, showcasing its international appeal and market reach. Jinkushal Industries has successfully supplied over 1,500 construction machines to date. In the nine months ending December, the company delivered an impressive 1,171 machines.

Financial Performance

Jinkushal Industries has demonstrated robust financial growth:

The company's financial health is further underscored by key performance indicators:

• Return on Equity (ROE): 28.30%
• EBITDA Margin: 7.50%
• Debt-to-Equity Ratio: 0.58

Utilization of IPO Proceeds

The funds raised through the IPO will be strategically allocated as follows:

• Rs 72.70 crore for working capital requirements
• The remaining amount for general corporate purposes

This capital infusion is expected to bolster Jinkushal Industries' operational capabilities and support its growth initiatives.

Conclusion

As Jinkushal Industries prepares to enter the public market, investors will be closely watching this export-oriented construction machinery supplier. With its diverse product portfolio, global presence, and solid financial performance, the company's IPO presents an interesting opportunity in the industrial sector. As always, potential investors are advised to carefully review the company's prospectus and consider their financial goals before making any investment decisions.