Jinkushal Industries IPO Sells Out Fast — Day 1 Subscription a Clear Winner

Jinkushal Industries Limited witnessed a robust start to its initial public offering (IPO), achieving full subscription on the very first day of bidding on September 25, 2025. The Chhattisgarh-based exporter of customised and refurbished construction machinery garnered strong demand across investor categories, reflecting high market enthusiasm. With a price band of Rs 115-121 per share, the IPO aims to raise approximately Rs 116 crore, fueling business expansion and working capital needs.

 

Subscription Highlights

Grey Market Premium and Listing Outlook

Company Overview

IPO Utilization

Funds raised will primarily be used for funding working capital and general corporate purposes, supporting growth initiatives and operational efficiency.

 

Sources: Moneycontrol, Economic Times, NDTV Profit, Business Standard, JM Financial Services