IPOName: Jinkushal Industries Ltd; ListingDate: 2025-10-03; IPOSize: ₹116.15 Cr; PriceBand: ₹115–₹121; OpenDate: 2025-09-25; CloseDate: 2025-09-29; LotSize: 120; Exchange: NSE, BSE; IssueType: Book Built; FaceValue: ₹10; Registrar: Bigshare Services Pvt. Ltd.
Jinkushal Industries Ltd, a diversified player in the industrial manufacturing segment, is all set to launch its Initial Public Offering (IPO) on 25th September 2025. The issue, with a total size of ₹116.15 crore, is structured as a combination of a fresh issue of 86.36 lakh shares and an Offer for Sale (OFS) of 9.60 lakh shares. The IPO will close on 29th September 2025, with shares listing on both NSE and BSE on 3rd October 2025.
The price band has been fixed at ₹115 to ₹121 per share, with a lot size of 120 shares, requiring a minimum investment of ₹14,520. The issue will be managed by GYR Capital Advisors, while Bigshare Services Pvt. Ltd. will act as the registrar.
Company Overview
Jinkushal Industries is engaged in industrial manufacturing and allied services, catering to a broad range of sectors. The company has developed a strong operational base with a mix of domestic and international clients. Its steady revenue growth in the last three years reflects a robust demand pipeline, while recent capacity expansions have positioned it for scalability.
IPO Objectives
- Funding Working Capital Requirements – A significant portion of proceeds will be directed towards meeting day-to-day liquidity needs.
- Business Expansion – Plans to expand manufacturing capacity and enter newer geographies.
- Debt Repayment – Reducing leverage to improve the balance sheet health.
- General Corporate Purposes – To support strategic initiatives, strengthen brand presence, and operational efficiency.
Key IPO Details
| IPO Name | Jinkushal Industries Ltd |
|---|---|
| Open Date | 25 September 2025 |
| Close Date | 29 September 2025 |
| Allotment Date | 30 September 2025 |
| Listing Date | 3 October 2025 |
| Price Band | ₹115 – ₹121 |
| Lot Size | 120 Shares |
| Issue Size | ₹116.15 Cr |
| Face Value | ₹10 |
| Exchanges | NSE, BSE |
| Registrar | Bigshare Services Pvt. Ltd. |
Market Potential
The industrial manufacturing sector in India is witnessing steady growth, aided by strong infrastructure spending and a government push for “Make in India”. With diversified operations, Jinkushal Industries stands to benefit from both domestic infrastructure demand and export opportunities. Its focus on innovation and cost efficiency also supports margin resilience.
Financial Performance
According to its RHP, Jinkushal Industries has shown consistent growth in revenues and profitability over the past three years. Revenue CAGR is estimated at 18%, with net profit margins improving due to better capacity utilization and cost control measures.
- FY23 Revenue: ₹290 crore
- FY24 Revenue: ₹345 crore
- FY25 (Est.) Revenue: ₹410 crore
- Net Profit (FY25 Est.): ₹42 crore
SWOT Analysis
Strengths
- Diversified customer base across domestic and global markets.
- Strong operational efficiency and cost management.
- Consistent revenue and margin growth.
Weaknesses
- Exposure to cyclical industrial demand.
- Moderate debt levels, though repayment is planned via IPO proceeds.
Opportunities
- Rising demand from infrastructure and manufacturing sectors.
- Government push for local manufacturing and exports.
- Scope for technology-driven expansion in product portfolio.
Threats
- Volatility in raw material prices.
- Global economic slowdown impacting exports.
- Intense competition from established and new players.
IPO Valuation & Investment View
At the upper price band of ₹121, the IPO is valued at a P/E multiple of ~22x on FY25 estimated earnings, which is broadly in line with industry peers. The company’s improving profitability, moderate leverage, and expansion plans make it an attractive proposition for long-term investors. However, given its sectoral cyclicality, investors should be prepared for near-term volatility.
Risk Factors
Investors must consider risks such as raw material price fluctuations, dependency on industrial demand cycles, and forex risks related to exports. Additionally, any delay in capacity expansion or regulatory changes could impact future growth.
Conclusion
The Jinkushal Industries IPO offers a balance of growth opportunity and sector exposure. With its diversified operations, improving margins, and strong demand outlook, it may appeal to long-term IPO investors looking for exposure to India’s industrial growth story. However, cautious allocation is advised due to sectoral cyclicality.
Comments
Post a Comment