Jinkushal Industries Ltd IPO
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Jinkushal Industries Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| TBA | TBA | TBA | TBA | DBC | ₹ 116.11 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 25 Sep, 25 | 29 Sep, 25 | 120 | ₹ 13,800 | Book Building | 03 Oct, 25 |
Jinkushal Industries Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Trading |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 0 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Jinkushal Industries Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 25.78 | 13.99 | 11.69 |
| EBITDA | 26.57 | 14.62 | 12.16 |
| PAT | 18.91 | 10.12 | 8.57 |
| Total Assets | 78.66 | 30.13 | 25.34 |
| Share Capital | 0.14 | 0.14 | 0.14 |
| Total Borrowings | 52.33 | 22.16 | 24.58 |
| Operating Activities (Net Cash) | 19.70 | 10.75 | 9.04 |
| Investing Activities (Net Cash) | 18.45 | 8.60 | 6.55 |
| Financing Activities (Net Cash) | 52.33 | 22.16 | 24.58 |
| Net Cashflow | 6.01 | 11.33 | 1.56 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Jinkushal Industries Ltd
Our Company was originally incorporated as `Zenith Tie-Up Private Limited', a private limited company under the erstwhile Companies Act, 1956, pursuant to a certificate of incorporation dated November 27, 2007, issued by the Registrar of Companies, Kolkata, West Bengal. Subsequently, our Company changed its name from `Zenith Tie-Up Private Limited' to `Jinkushal Ispat & Power Private Limited' pursuant to a fresh certificate of incorporation dated October 20, 2009. Subsequently, our Company changed its name from `Jinkushal Ispat & Power Private Limited' to `Jinkushal Industries Private Limited' pursuant to a fresh certificate of incorporation dated January 8, 2014. Subsequently, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders at an extraordinary general meeting held on September 25, 2024 and a fresh certificate of incorporation dated October 30, 2024 was issued by the Registrar of Companies, Centeral Processing Center, recording the change in the name of our Company to `Jinkushal Industries Limited'.
The global market for used construction equipment involves the buying and selling of pre-owned machinery and vehicles utilized in the construction sector, The used construction equipment market has shown consistent growth, with an estimated value of USD 132.4 billion in CY24. This growth is mainly fueled by two significant factors: (a) the rise in infrastructure development and construction activities in emerging economies, and (b) the cost-effectiveness of used equipment compared to new machinery. Looking forward, the market is expected to reach USD 177.2 billion by CY29, with a CAGR of 6.0% during the forecast period.
We are engaged in export trading of new/customized and used/refurbished construction machines in global markets. We primarily operate across three primary business verticals; (i) export trading of customized, modified and accessorized new construction machines; (ii) export trading of used/ refurbished construction machines; and (iii) export trading of our own brand `HexL' construction machines (presently in category of backhoe loaders) to cater a diverse international customer base.
Peer Comparison:
- Action Construction Equipment Ltd
- Vision Infra Equipment Solutions Ltd
Jinkushal Industries Ltd IPO Key Points
Strengths
- Largest players in export trade of construction machines with presence in UAE and USA through our Subsidiaries.
- Engaged in Refurbishment, reuse, and contribution to circular economy along with environmental responsibility.
- Diversified market presence and optimized machines solutions.
- We believe we have built an efficient supply chain infrastructure that supports our core business in the export trading of construction machines.
- The recent launch of HexL, our brand, marks our transition from other brands' product sales model to own brand, product-driven, customer centric business approach.
Risk
- We are heavily dependent on the export market and derive the majority of our revenue from the export trading of construction machines and therefore vulnerable to a range of risks associated with the export market.
- Our revenue from operations is dependent upon a limited number of customers and the loss of any of these customers or loss of revenue from any of these customers could have a material adverse effect on our business, financial condition, results of operations and cash flows.
- A significant portion of our revenue is derived from select geographies such as Mexico and UAE. Any adverse developments in this market could adversely affect our business.
Strategy
- Further Integration and Diversification.
- Sales Volume Growth.
- Efficiency Enhancement and Cost Optimization.
- Expansion of Product portfolio.
- Create and strengthen our brand recognition.
- Largest players in export trade of construction machines with presence in UAE and USA through our Subsidiaries.
- Engaged in Refurbishment, reuse, and contribution to circular economy along with environmental responsibility.
- Diversified market presence and optimized machines solutions.
- We believe we have built an efficient supply chain infrastructure that supports our core business in the export trading of construction machines.
- The recent launch of HexL, our brand, marks our transition from other brands' product sales model to own brand, product-driven, customer centric business approach.
How To Apply for Jinkushal Industries Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
