Jinkushal Industries Secures Rs 35 Crore from Anchor Investors in Pre-IPO Round

Jinkushal Industries Ltd, a Chhattisgarh-based construction machinery exporter, has successfully raised Rs 35.00 crore from anchor investors ahead of its Initial Public Offering (IPO). This pre-IPO funding round marks a significant milestone for the company as it prepares to enter the public market.

Anchor Investment Details

The company allocated 28.78 lakh equity shares to anchor investors at Rs 121.00 per share. The roster of anchor investors includes:

• Nomura Singapore
• HDFC Bank
• Viney Growth Fund
• Steptrade Revolution Fund
• Santosh Industries
• Swyom India Alpha Fund

IPO Specifics

The IPO is scheduled to open for public subscription from September 25 to September 29, with a price band set at Rs 115.00-121.00 per share. The offering comprises:

• A fresh issue of 86.36 lakh shares
• An offer-for-sale of 9.60 lakh shares by promoters

At the upper end of the price band, Jinkushal Industries aims to raise Rs 116.00 crore through this public offering.

Company Profile and Plans

Jinkushal Industries has established itself as a global player in the construction machinery sector. Key highlights include:

• Exported over 1,500 construction machines
• Presence in more than 30 countries worldwide

The company intends to utilize the IPO proceeds for:

• Working capital requirements
• General corporate purposes

IPO Timeline and Management

• Listing Date: Shares are expected to debut on both BSE and NSE on October 3
• Book Running Lead Manager: GYR Capital Advisors

This IPO presents an opportunity for investors to participate in the growth story of a company with a strong international presence in the construction machinery sector. As always, potential investors are advised to carefully review the offer documents and consider their financial goals before making investment decisions.