Jinkushal Industries (JKIPL), established in 2007 and headquartered in Raipur, Chhattisgarh, is a prominent Indian enterprise specializing in the export of construction machinery, mining services, and logistics solutions. With a legacy spanning over five decades, JKIPL has evolved from its origins in mining contracting to become a leading exporter of both new and refurbished construction equipment. The company operates across three primary verticals: machinery, mining, and logistics, offering a comprehensive range of services including equipment customization, earthmoving contracts, and warehousing solutions. Recognized as a Three-Star Export House by the Government of India, JKIPL exports to over 30 countries and has launched its own brand, ‘HexL’, to cater to global markets
IPO schedule
Issue open date
2025-09-25
Issue close date
2025-09-29
UPI mandate deadline
2025-09-29 (5 PM)
Allotment finalization
2025-09-30
Refund initiation
2025-10-01
Share credit
2025-10-01
Listing date
2025-10-03
Mandate end date
2025-10-14
Lock-in end date for anchor investors (50%)
2025-10-30
Lock-in end date for anchor investors (remaining)
2025-12-29
Financials
Financial Year Ended
March 2024
March 2025
Total Assets
109.43
179.35
Revenue
242.79
385.81
Profit After Tax
18.64
19.14
Issue size
Funds Raised in the IPO
Amount
Overall
₹116.11 crores
Fresh Issue
₹104.49 crores
Offer for sale
₹11.61 crores
Utilisation of proceeds
Purpose
INR crores (%)
Capital expenditure
72.67 (69.54%)
General corporate purposes and miscellaneous
31.82 (30.45%)
Strengths
Recognized as a Three-Star Export House by the Government of India.
Diversified operations across machinery exports, mining services, and logistics.
Established global presence with exports to over 30 countries.
Launch of proprietary brand ‘HexL’ for construction machinery, enhancing market offerings.
Risks
High working capital requirements due to the nature of operations.
Exposure to fluctuations in global demand for construction and mining equipment.
Dependence on third-party suppliers for machinery components and parts.
Susceptibility to changes in international trade policies and export regulations.
Competition from both domestic and international players in the construction equipment sector