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Jinkushal Industries IPO price band has been fixed in the range of ₹115 to ₹121 per equity share of the face value of ₹10. The Jinkushal Industries IPO date of subscription is scheduled for Thursday, September 25 and will close on Monday, September 29. The allocation to anchor investors for the Jinkushal Industries IPO is scheduled to take place on Wednesday, September 24.

The floor price and the cap price are 11.5 times and 12.1 times the face value of the equity shares respectively. The Jinkushal Industries IPO lot size is 120 equity shares and in multiples of 120 equity shares thereafter.

Jinkushal Industries IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.

Tentatively, Jinkushal Industries IPO basis of allotment of shares will be finalised on Tuesday, September 30 and the company will initiate refunds on Wednesday, October 1 while the shares will be credited to the demat account of allottees on the same day following refund. Jinkushal Industries share price is likely to be listed on BSE and NSE on Friday, October 3.

The firm plans to issue 86.35 lakh new shares, while promoters will offer 9.59 lakh shares for sale. Out of the total proceeds from the fresh issue, the company aims to allocate ₹72.67 crore for its long-term incremental working capital needs, with the remaining funds designated for general corporate purposes.

GYR Capital Advisors Pvt. Ltd. is acting as the lead manager for the book building process, and Bigshare Services Pvt. Ltd. serves as the registrar for this issue.

(more to come)

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