News

Chhatisgarh-based non-OEM construction machines exporter Jinkushal Industries has filed preliminary papers with the SEBI on April 30 to raise funds via initial public offering.

The IPO will be a combination of fresh issuance of 86.5 lakh shares and an offer-for-sale of 10 lakh shares by promoters.

The equity shares of the company will be listed on the BSE and National Stock Exchange of India. GYR Capital Advisors is appointed as the sole book running lead manager to the issue.

Jinkushal Industries claimed to be the largest non-OEM construction machines exporter with a 6.9 percent market share, as per CareEdge report. It has presence in UAE and USA through subsidiaries.

It primarily operates across three primary business verticals -- export trading of customized, modified and accessorized new construction machines; export trading of used/refurbished construction machines; and export trading of its own brand HexL construction machines.

Click Here To Read All IPO News

It plans to raise funds via fresh issue component of its IPO for its working capital requirements (amounting to Rs 72.7 crore), and the remainder for general corporate purposes.

Jinkushal Industries that compares itself with listed entities like Action Construction Equipment, and Vision Infra Equipment, recorded 84.3 percent on-year growth in profit at Rs 18.6 crore for the year ended March 2024 and 2.2 percent increase in revenue at Rs 238.6 crore compared to previous year. In the nine months period ended December 2024, profit stood at Rs 18.12 crore on revenue of Rs 302.5 crore.

Discover the latest Business News, Budget 2025 News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

${res.must_watch_article[0].headline}

Sensex Today Jammu Kashmir News Live DC vs KKR Live Score Canada Election Results Q4 Results 2025 Live Ather Energy IPO GMP JKBOSE 10th Result 2025 TS SSC Results 2025 NEET Admit Card 2025 IPL Points Table 2025

Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups

Home Currencies Commodities Pre-Market IPO Global Market Bonds

Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance TrackerNew Fixed Deposits Fixed Deposit Comparison Fixed Income

Home MC 30 Top Ranked Funds ETFs Mutual Fund Screener

Income Tax Calculator EMI Calculator Retirement Planning Gratuity Calculator

Stock Markets

News18 Firstpost CNBC TV18 News18 Hindi Cricketnext Overdrive Topper Learning

About Us Contact Us Advisory Alert Advertise with Us SupportDisclaimer Privacy Policy Cookie Policy Terms & Conditions Financial Terms (Glossary) Sitemap Investors

You are already a Moneycontrol Pro user.